Apple's tap to pay will soon be supported by PayPal. The company said in its third quarter earnings report that it will support this tech in the future. Merchants will be able to accept Apple Pay and other digital payment methods.

In February, Apple announced that it would allow merchants to accept payments on the phone. Jack Dorsey's Square will join the company later in September. Merchants will be able to choose from a variety of payment options with the addition of Venmo and PayPal.

Dan Schulman, the company's President and CEO, said in a statement that they were very pleased to be working with Apple.

A few other Apple related programs are being worked on by PayPal. Apple Pay will be added as a payment option for the un branded checkout flows on merchant platforms.

It was said that U.S.-based consumers will be able to use their credit cards with ApplePay next year.

Venmo was added as a payment option for U.S. based customers by Amazon last month. In the third quarter of the year, the company registered $6.85 billion in revenue.