If you’re wondering if QR codes for payments can help your venture, consider: 41% of Americans They say they don’t have cash anymore 97% of them they say do carry a mobile phone.
And these days, you can make payments from those mobile devices..
If you rely on your customers to make cash purchases, a lot of revenue can remain on the table. But setting up her QR code for payment broadens the potential buyer base to almost everyone.
Luckily, it’s easy to learn how to do this. Let’s start with some basic information. Let’s take a look at the setup process for this important business technology.
What is a QR code?
Basically, a QR code (short for “quick response”) is a UPC barcode (beep!). However, QR codes use a more complex matrix, so they can provide much more information and direct users to his website or online application.
Invented in 1994, QR codes were originally designed for use in the automotive industry. However, people soon realized its usefulness and started using his QR codes in other industries.
Today, we see QR codes being used in all sorts of ways, from restaurants displaying menus online to merchants using QR codes for payment.
How can QR code payments help your business?
Now that you have a solid understanding of what a QR code is, let’s dig into how it can help your business. Convenience may be the biggest benefit, but there are other benefits too, including:
- High speed information transfer
- contactless payment
- Increased engagement and interaction
- No need to remember web addresses
- Tracking features for marketing
It’s a pretty cool feature, indeed. Now that we’ve looked at how QR code payments can help your business, let’s learn how to set them up.
How to generate a QR code for payment
Now that you’ve seen some basic information about QR codes for payments, let’s go through the setup. Generally not too complicated.
Step 1: Sign up for a payment gateway
Do some research and find a payment gateway that meets your business needs. Make sure you include the option for QR code payments. As for costs, providers typically charge a percentage and a small amount for each transaction processed. If you need hardware like a payment terminal, you have to pay for that as well.
Step 2: Download the mobile app
Most of the better payment gateways have apps that allow you to process transactions on your mobile device.just visit the marketplace android again iOSto download the app on the mobile devices you use for business.
Step 3: Set your payment method to QR code
Your payment gateway’s default settings may be to accept credit card payments, but you can toggle the option for QR code payments. Set that option, double-check your settings, and your QR code should now be linked to your bank account.
Step 4: Present the QR code to the customer
When the customer is ready to pay, present the QR code and have it scanned with your mobile device’s camera. boom, end. Her QR code for payment has been successfully set up. well done!
Create a QR code for payment
Conclusion of payment QR code
Setting up a QR code for payment created a win-win situation. Customers now have access to additional convenient payment methods, expanding their sales possibilities. How to be agile with your craft!