Collect Via Link
In the absence of cash and any debit or credit cards, your customers can still pay you using a Payment link. A payment link is basically a way of requesting payment from your customers when they want to perform transactions outside the realm of the traditional online payment system. So now your customer can pay you anytime and from anywhere using Credit cards, Debit cards, Net banking, etc.
Collect Payment via Link
In the past, businesses were mainly cash-dependent. Now, shops
are going
cashless and you must too if you haven’t already. Offering digital payments is a great way to
provide a
good customer experience.
One way to digitize payments is by giving a payment link to your customer. A payment link allows
the
customer to pay using the method they like rather than using their credit or debit card. You
don’t need
to invest in any resources to collect payment via link.
A payment link makes a request for payment through a securely generated web link. Then the
customers can
use this link to make instant online payments. You can share payment links digitally through
SMS, social
media, WhatsApp, or email. The transaction will be easy for both you and the customer.
How Payment Link Works?
There are two parts of a transaction through a payment link – Request and Receive
a. Request
1. The first step is to create a payment link on the dashboard or mobile app. If you are wondering how to create a payment link, the payment link generator will do that for you. It will create a unique link every single time.
2. Once you create the link, you have to add the description of the purchase and the total amount to request money. This is where the bill amount has to be mentioned.
3. The final step in this stage is to share the payment link with your customers. You can share it over WhatsApp, SMS, or email. Once the customer completes the payment, you will be notified about the completion of the payment.
b. Receive
This is what the customer has to do-
1. As soon as you send the payment link to the customer, they will receive a message with a payment request.
2. Once they click on the payment link, they need to enter the amount that needs to be paid.
3. Finally, they can pay using any payment mode of their choice. They can pay via their credit or debit card, net banking, or mobile wallets.
You get a customised dashboard where you can manage your payment links.
Benefits of Using Payment Links
● Instant online activation: You can instantly set up the payment link process as the KYC happens online and in just a few steps.
● Multiple payment options: The customers can choose to pay any way they like. When customers get different options, they will feel secure about the transaction.
● No limit: There is no monthly limit on how much payment you can collect in a month. You can collect customer payment as much as you want.
● Ease for the customers: The customers do not have to download any app to pay you. They just need to click on the payment link and they can pay.
● Easy tracking of payments: The single dashboard allows you to manage all the transactions, refunds, and any type of settlement.
● Secure transactions: All the transactions are secure and none of the important data will be asked from the customers.
By being a payment link provider for your transactions, you will be providing an easy transaction experience to your customers.
Want to become a Pay1 Retailer? We have exciting services for you on our Pay1 Merchant application.