The Future of Business Payments is Here - Get Your Business Set Up To Accept QR Code Payments

By

Asha Cole
October 27, 2023

At first glance, QR codes may seem like nothing more than a trend that's come and gone. But the fact is, QR codes are here to stay - and they're revolutionising the way we make payments. If you're not already using QR code payments for your business, now is the time to get on board. Here's everything you need to know about QR code payments and why they're the future of payment processing.

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What are QR Code Payments?

QR code payments refer to the use of QR codes (quick response codes) to facilitate transactions. A QR code is a two-dimensional barcode that can be scanned using a smartphone camera. When scanned, a QR code can reveal various types of information, including text, URLs, and contact information. These URLs can be clicked by the person scanning the QR code, which will open up a webpage or perform an action on their phone. 

QR code payments work by allowing customers to scan a QR code in order to make a payment. A QR code can be scanned with a phone to bring a customer to a checkout. This is a quick and easy way to purchase an item. The customer just scans the code and they are taken to a page where they can complete the purchase. This is a convenient way to buy items, especially if the customer is already on their phone.

This type of payment is incredibly convenient for both businesses and customers alike - there's no need for cash or credit cards, and payments can be made instantly with just a few taps on a smartphone. Plus, there's no risk of fraud or chargebacks since the funds are transferred directly from the customer's bank account to your business account.

QR code payments providers like Pebl give businesses all the benefits outlined above for one, simple transaction fee of 2.20% +$0.20 per transaction.

Why You Should Use QR Code Payments for Your Business

There are numerous benefits of using QR code payments for your business. For starters, QR code payments are incredibly convenient - as we mentioned above, customers can make instant payments with just a few taps on their smartphones. This convenience factor can go a long way in boosting sales, business cash flow and loyalty among your customer base. 

Another major benefit of using QR code payments is that they're extremely secure. Since the payment is completed from the privacy of the customer’s own phone & then processed securely by the payments provider (e.g. Pebl), the business owner or staff run no risk of seeing or storing sensitive information provided by the customer.

Additionally, all transactions are processed through secure encrypted channels, so you can rest assured that your customer's data is always safe. 

Finally, another huge benefit of using QR code payments is that they're immensely scalable. Whether you're a small mom-and-pop shop or a large corporation, you can easily start accepting QR code payments without any special equipment or setup costs - all you need is a smartphone! As your business grows, you can simply add more smartphones as needed to support higher transaction volumes.

Summing Up

QR code payments are becoming more popular every day. If you’re not using them for your business, you’re missing out on a lot of potential sales. Ready to get started? Contact Pebl today and we can help you set up your very own QR code payment system. Thanks for reading!

What QR code payments providers can help?

QR code payments providers like Pebl give businesses all the benefits outlined above for one, simple transaction fee of 2.20% +$0.20 per transaction. There are zero set-up costs or monthly fees. Get in contact with us today to see how QR codes can simplify your business and save you money.