In 2020, QR code usage skyrocketed as 1.5 billion people used QR codes to make payments. QR codes facilitated contactless payments, which helped avoid the spread of viruses.
Since then, QR codes have become very popular. People now prefer using them for safer, faster, and more efficient transactions that no longer require physical contact.
Restaurants highly benefit from QR codes. These allow customers to scan a QR code to see the menu, place an order, and pay without leaving their seats.
And when you use a reliable QR code generator online, you are guaranteed that all your cashless transactions are safe and secure.
Benefits of using QR codes for payments
Quick and easy transactions
One advantage of QR codes is that they make it easy to exchange money quickly.
Payments made using QR codes are processed much faster than other methods. They also guarantee security for you and your customer.
When a payment link is added to a URL QR code, it can be used to start a contactless payment.
It’s easy to set up
Setting up a cashless payment method at your store or restaurant with the right QR code payment generator is as easy as scanning a code.
You will only need a smartphone with a camera and a QR code, which can be printed or shown on a computer screen.
You don’t need a cash register or another expensive piece of hardware when purchasing with a QR code.
QR code payments are a foolproof payment method as they eliminate the probability of any error.
Since all transactions are processed through a card network like Visa or Mastercard, QR codes also guarantee the safety of your transaction.
The customers’ credit card information is safe from theft, and you won’t have to worry about storing it because of the encryption used in the transaction.
Three methods for using QR codes to make payments
Using a smartphone to scan the QR code of the recipient
The first step is for the user to open the phone’s camera or a QR code scanner app. Next is to scan the QR code on a product, a bill, or at the register.
If the app was made for a particular store, you might be able to use it to get discounts and rewards.
Shopkeepers can scan QR codes with their smartphones
Once the total price has been calculated in the POS system of the store, the customer starts the payment process by using the QR code to open the payment app.
The payment app links the user’s card information to a QR code it shows. The sale is made when the store scans the QR code with a register.
QR codes and payment systems like PayPal improve online business by incorporating cashless and contactless activities.
The sender and the receiver will launch their respective programs at this stage. When the recipient opens the app, it makes a unique QR code, which the sender can scan.
Lastly, the sender checks the amount of the payment and taps to send the money.
QR codes: the road to secure cashless payments
QR codes for cashless transactions make it easy for many businesses to accept customer payments.
Industries that require payment can benefit from this new and cutting-edge technology, such as retails, taxi services, the hospitality industry, and many others.
You can do it too using QRTIGER, the best QR code generator with logo software. Set up a cashless QR code payment system for your business today.