Samsung Pay is accepted virtually anywhere you can swipe or tap you card. The device emits a magnetic signal that simulates the magnetic strip on the back of the credit or debit card. Samsung Pay uses Magnetic Secure Transmission (MST) for these transactions. The system also works with almost all other older magnetic stripe terminals that are utilized by many U.S. Samsung Pay uses Near Field Communication (NFC) technology to process payments at tap-to-pay terminals. It allows you to pay for purchases at participating merchants with a Samsung device by placing your device near the payment terminal. Samsung Pay is a mobile wallet that can store credit cards, debit cards, gift cards, loyalty cards, etc.
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