Bluevine, a digital banking platform for small businesses in the US, has announced the launch of its Tap to Pay.

The new feature, powered by Stripe, allows any small business to accept in-person payments anywhere, without the need for hardware or complex setup.

 Payments are deposited directly into the Bluevine Business Checking account, enabling businesses to start earning interest as soon as funds arrive.

This latest addition to Bluevine’s all-in-one small business banking platform is claimed to position it as the first digital-first banking platform to offer a high-yield checking account, company-wide cards with spend controls, financing, and full-scale accounts receivable solutions in a single place.

The Tap to Pay feature is designed to fit the realities of modern small businesses, whether they are HVAC contractors, caterers, or craft retailers at local markets.

This launch follows Bluevine’s unveiling of its invoicing and payment links product, also developed with Stripe, in May.

With the introduction of Tap to Pay, customers can now accept secure payments without a card reader or physical hardware, simply by using the Bluevine app on their mobile devices.

This simplifies payment acceptance for businesses operating on-the-go or outside traditional retail environments.

Bluevine SVP and GM of Checking and Payments Kyle Cooper said, “We understand that modern small businesses aren’t bound to offices and store spaces, and so the ability to accept payments should also be without physical limitations.”

He added, “We’ve seen strong uptake of our invoicing with online payments processing, and are excited Bluevine customers can now accept in-person payments simply using their Bluevine mobile app. Our customers love the ease of use, value, and robustness of the Bluevine platform, and Tap to Pay makes running their businesses even easier.”

The adoption of contactless payments is increasing rapidly. According to Mastercard, more than 70% of all face-to-face transactions within its ecosystem are now contactless.

This trend highlights the growing demand for flexible, hardware-free payment solutions among small businesses and their customers.

Since its founding in 2013, Bluevine has served more than 750,000 customers, delivered over $17bn in loans, and currently manages over $1.8bn in customer deposits.

The company’s customer base spans a wide range of industries and business types, reflecting the versatility of its banking platform and services.

Bluevine is supported by a range of private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12, the venture arm of Microsoft.

This backing has enabled Bluevine to expand its suite of offerings and drive innovation in the small business banking sector.