Microsoft Pay vs. Samsung Pay
Two of the biggest players in the mobile payment world are Microsoft Pay and Samsung Pay. They offer a convenient way to handle transactions without ever having to pull out your wallet. But which one is better? Let's take a look at how these two payment processing technologies compare.
Availability
The first thing to note is that Microsoft Pay is only available on Windows devices, whereas Samsung Pay is available on both Android and iOS devices. This gives Samsung Pay a big advantage in terms of accessibility. However, if you're a Windows user, Microsoft Pay is the obvious choice.
Security
When it comes to security, both platforms allow you to use biometrics like fingerprints, face scanning, and iris scanning to authorize transactions. Samsung Pay goes one step further by also allowing you to use a PIN or pattern to unlock the app, giving you an extra layer of security.
Compatibility
Samsung Pay is compatible with both NFC and MST, which stands for Magnetic Secure Transmission. This allows Samsung Pay to work with older payment terminals that don't have NFC capabilities. Microsoft Pay, on the other hand, only works with NFC terminals, which means it has more limited compatibility.
Rewards
Both platforms offer rewards for making purchases, but Samsung Pay has a slight edge in this category. Samsung offers Samsung Rewards, which allows you to earn points for making purchases. These points can then be redeemed for various rewards like gift cards and Samsung products. Microsoft Pay offers rewards through the Microsoft Rewards program, but it's not quite as robust as Samsung Rewards.
Fees
Another important factor to consider when choosing a payment processing technology is fees. Both Microsoft Pay and Samsung Pay are free to use, but Samsung Pay charges a small percentage fee for credit card transactions. Microsoft Pay doesn't charge any fees.
Verdict
So, which payment processing technology is better: Microsoft Pay or Samsung Pay? It really depends on your individual needs. If you're a Windows user, Microsoft Pay is the obvious choice. If you're an Android or iOS user, Samsung Pay is the more accessible option. In terms of security, compatibility, and rewards, Samsung Pay has a slight edge. However, if fees are a concern, Microsoft Pay is the clear winner.
Ultimately, the choice between these two payment processing technologies will come down to what you're looking for in a mobile payment solution. Both options are convenient, secure, and easy to use. It just comes down to which one fits your individual needs the best.
References
- Microsoft Pay. Microsoft. https://www.microsoft.com/en-us/payments/mobile-payments
- Samsung Pay. Samsung. https://www.samsung.com/us/samsung-pay/