Withdraw money from ATMs using only Samsung Pay... in Korea
posted by Victor H. / Apr 28, 2016, 4:12 AM
Out of the three major phone payment systems - Apple Pay, Android Pay and Samsung Pay - Samsung's is the only one with support for magnetic POS terminals along with NFC-enabled, newer ones, and this makes it the most versatile and accepted one.
However, cash is still king and there are some locations (especially if you travel abroad) where your Samsung Pay account won't go through or where there is no payment terminal at all. At those places cash is king.
Chances are, though, that even in those places there is an ATM you can withdraw from. And you can now use only Samsung Pay, without the need for your debit card, to withdraw money from an ATM.
The cool new option is currently only available in South Korea, the home market for Samsung, where it tests many of its novel services. We would not be terribly surprised if it took a long time to arrive stateside and in Europe as well, but at least we now know that withdrawing from an ATM using only your phone is possible.
On a more general note, availability of Samsung Pay (but not the new ATM withdrawal option) is set to expand to Australia, Brazil, Canada, Singapore, Spain, and the UK later this year.
Posts: 812; Member since: Dec 19, 2014
Hopefully Apple Pay allows for this feature soon. Tired of the delays at the ATM with the new chip card.
posted on Apr 28, 2016, 4:41 AM 0
Posts: 14967; Member since: Sep 25, 2013
Really? ATM's don't have NFC chips in them. You think banks are goign to replace all their ATM's to use NFC? Not hardly. Now if they can modify the ATM and add a NFC chip reader with actually swapping the whole machine, then sure. But I don't see that happening. If they are doing this in Korea, it doesn't have to take long to bring it stateside. All it may require is, for banks to install a piece of software onto Windows. After all most ATM's I use run Windows. Well At least Chase does. Install software and you're done after soem testing. If Samsung just gets the big banks they already have to use this, Android Pay is 100% dead. Apple Pay? Well you all can use it for in-app purchases...lol. Which seems dumb because on my Android Pay account, I have several cards and I can pick them when I make an in-app purchase. Apple needs Apple Pay for in-app, because you can only tie one care to your iTunes account. HOW lame. Even Microsoft allows you to add several cards to Xbox-live. Apple is so behind everyone else.
posted on Apr 28, 2016, 9:42 AM 0
Posts: 164; Member since: Feb 23, 2015
https://youtu.be/X37XIMdb-5U This is the video of how it works.
posted on Apr 28, 2016, 4:55 AM 2
Posts: 2943; Member since: Jul 02, 2014
How hard is it to pull your card on your wallet, swipe it, enter your pin? What if your phone dies?
posted on Apr 28, 2016, 8:48 AM 0
Posts: 3487; Member since: Oct 26, 2012
Its not about pulling out your card but the hassle of carrying several cards in your wallet. My wallet is filled with at least 10 cards and is very bulky. So, if I could get a chance to lighten up my wallet by carrying less cards I would take it.
posted on Apr 29, 2016, 3:18 AM 0
Posts: 30; Member since: Apr 13, 2013
I found out Samsung Pay still lets you get cash back at stores like Walmart. I was in line at a pizza place and found out I left my debt card at home, Samsung pay didn't work on their machine so I went to Walmart to buy something cheap like a candy bar to see if I could get cash back and sure enough I was able to. Enjoyed the pizza.
posted on Apr 28, 2016, 9:37 AM 1
Posts: 1242; Member since: May 07, 2015
What's your success rate of Samsung Pay working? I'm just curious on what other people are experiencing. I'd say I'm at a 90% success rate. I personally love it and love the reactions (especially from iPhone users) of it working.
posted on Apr 28, 2016, 10:03 AM 0
Posts: 1242; Member since: May 07, 2015
Same here. I've wanted to try it out at a restaurant or bar but the whole process would be awkward, unless I knew our server possibly. Plus if I was at a bar, I'd have to scan my fingerprint, give them my phone and describe how you put it up against the terminal, causing confusion and ultimately that person despising you.
posted on Apr 28, 2016, 11:59 AM 1
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