QR Code Payments

Payments made using a smartphone are referred to as mobile payments. Customers can make such payments in two ways — Near Field Communication (NFC) and QR code payments. This is different from buyers making payments using cash, checks, net banking, or credit/debit cards. You need to remember passwords and PINs or share phone numbers while making mobile payments. This gives greater ease and flexibility to customers and shop owners alike.

Digital payments became an accepted form of payment among store owners and customers due to the pandemic. This is because one could maintain social distancing while paying as one had to scan and pay

While NFC payments need NFC-POS terminals at stores and high-end smartphones, QR code payments only need a smartphone. Thus, retailers – small or large, do not have to make any additional investment as they can easily update their existing POS to accept mobile payments. Also, a quick software upgrade to the mobile app will enable the existing software to allow scan and pay features by integrating a QR Code Generation API. 

Key Features of QR Codes

● Quick Response Code, or QR Code, is a pattern made of black barcodes arranged in a square grid on a white background.

● They have a set of three squares placed in the three corners.

● They are two-dimensional so that you can scan them in any direction.

● They can save up to 4296 alphanumeric characters.

● The overall size of the matrix varies. Small ones store less data than bigger ones.

● They can be static or dynamic codes. Static QR codes are used for quick and simple online payments, whereas dynamic QR codes offer an in-depth analysis leading to a better user experience. 

● They are easy to generate.

How do QR codes and QR code payments help?

● They make in-store payments easy. You can use an app that allows scanning the QR code provided by the shop owners and then proceed with the payment.

● Most smartphones today come with inbuilt scanners in the cameras that you can use to scan and pay. This means you don’t need any additional equipment to make QR code payments.

● QR codes can be scanned from a display screen or paper, adding to the convenience of the people.

● They allow making on-the-spot payments, and there is no need to input transaction details.

● They are cost-effective as compared to POS machines which need maintenance, training, and upgrades.

● They are easy to set up as no external infrastructure is needed – no third-party application or physical device. 

● Data transferred using QR codes are encrypted, so online payment using QR codes is secure and reliable.

● They can be used by a variety of vendors and at various locations. They are commonly used to make payments at all kinds of stores, fuel stations, restaurants, utility companies, e-counters, ticket bookings, parking, and other individual service providers and freelancers, and even street vendors.

● Online stores can use them if the sellers’ payments gateway supports QR code applications by integrating a suitable QR code generation API.

● Other than marketing, you can actively use them for paying educational fees, security, health care payments, etc.

Many countries around the world are enabling their payment infrastructure to become paperless and become digital economies. So, in this new age, QR code payments are here to stay. With the convenience of scan and pay, one can travel and move around freely without worrying about losing a credit card or cash. In the twenty-first century, it is the modern way to make transactions.

SHARE
Previous articleThings to Look Before Availing of A Mudra Loan in India
Next articleFive Easy Tips for Pulling Parts From a Junkyard
Slickcall is the best international calling app that provides calling services to connect people no matter where in the world they reside. The calling service allows users to make international calls to Mexico, India, China, Brazil, South Africa, Bangladesh, Japan, and many more at up to 90% below market price. Our goal is to bridge communication gaps by providing affordable, international calling solutions. Our app allows you to enjoy crystal clear conversations with the people that matter most. Slickcall’s overseas call services include all of the best features into one easy-to-use app. Firstly, the app allows you to make cheap international calls to almost any country in the world. Moreover, the rates do not include any hidden charges. The user is charged only the amount they are shown in the app when they look up a country. Apart from being affordable, our calling service also ensures that people get to experience premium voice quality without voice breaking. These high-quality international calls are made possible due to Slickcall’s reliable technology. In addition to that, our app is available anywhere in the world so you can call users with similar apps. As long as you have a reliable internet connection .i.e., Wi-fi or mobile data, you can enjoy smooth calling services regardless of where you call. On the other hand, the app also allows for dialing an international number on the landline. The caller can use the app to connect with their friends or family even if they don’t have a mobile phone.