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The year 2020 will leave its mark on the history of mankind. It made us switch from a physical world to a digital world, with the majority of the activities done online. And all of this happened because a person ate a bat. As online shopping became a way of life, it is only natural that payment will be made online as well. So, an online method of collecting online payments is a must.
The corporates and the MNCs possess the technology and the resources to use advanced methods of collecting payments. But small businesses do not have these privileges. That is why they struggle while collecting online payments without a website.
Are you one of them? Worry not. In this article, you will know about the best ways to collect online payments without the hassle of creating a website. So, what are you waiting for? Let’s start.
Business QR Code
Nowadays, convenience has become a vital factor for every business. After all, the customer is king! And you can’t afford to make a king inconvenient. That is why everybody loves to have a convenient way of doing things. And the case of payment is no exception. The easier it is for the customers to pay, the more they will deal with you. And it will help you to increase your revenue.
But don’t know how to do it? With Business QR Codes, the customer can pay by just scanning the QR code with a scanner. This way, they even save their hands from the trouble of entering details like the UPI ID, bank account number, etc.
If you think that they need to be present physically, then you are misled. They can scan the QR code from the comfort of their home as well. In the pandemic era, it will be beneficial to have a contactless option like this to collect payments.
How to generate a QR Code?
The process of generating a QR Code is easy-peasy. Anyone can create a code in the blink of an eye. Here is the complete process that you have to follow:
- Firstly, find the business merchant having the facility of accepting payments through QR Code.
- Then, create an account and complete the KYC process.
- Create a UPI ID. The linked QR code will be present there itself.
- Download and share it with your customers either offline or online.
That’s it! Now, your customers can pay you effortlessly through the QR Code. But that’s not all! There is also a feature to reconcile payments. It will help you to find out the payer through that QR code.
It takes almost zero effort to collect online payment through a QR code. Still, some customers won’t even bother to scan the code, particularly if their mobile phone doesn’t have a built-in scanner. That is why payment links can also be a suitable alternative to accept payments.
As the name suggests, Payment Link is a method wherein the payment is completed through a link. The merchant generates a request for online payments and sends it to his customers through a link. The customers have to click on the sent link. By doing this, they will be redirected to the payment page. Here, they can conveniently pay by choosing a method of their choice.
Why Use Payment Links?
Payment Links are a win-win situation for both parties. It is so they are not only beneficial for the customers but a merchant as well. The customers don’t require to install a third-party application to pay the merchant. They can choose the payment method of their choice. Also, this method is highly secure and flexible. As they can even pay in instalments. So, it is one of the most convenient payment options available to a customer.
For a merchant, it is an economical way of receiving payments. Since the commission is way less than other payment methods. It also helps to track the payments people made through that link. So, you can send reminders to the customers who haven’t paid you.
Besides being a way to collect online payments, it also helps to develop business relations with the customers. As the merchant can send personalized messages to the customers. It helps to retain customers, which is a positive indicator for any business.
See, we told you. Payment Links are one of the most convenient payment methods from the customers’ perspective. Thanks to Enalo Payment Links, you will get all these benefits at the lowest possible cost. Here, the link gets activated instantly the moment KYC gets completed. You can also customize and modify the links as per your wish.
So, you can conclude that payment links are a wonderful innovation in the field of accepting payments. But here’s another catch. If your customers pay through payment links, they also get automated invoices. That too GST compliant invoices. So, you don’t have to remind the merchant time and again to claim Input Tax Credit if you are a registered person in GST.
Who can Use Payment Links?
As the title of the blog suggests, it is suitable for a business without a website. But that’s not the end of it. Online stores on Instagram can also accept payments via payment links. Besides them, it is also beneficial for shopping stores and freelancers.
Although payment links have no vital drawbacks, they may be visually unattractive to some customers. After all, beauty lies in the eyes of the beholder. Even though it is a trivial problem, a problem is a problem. But worry not. As there is a solution for every problem. And a payment page is the solution for it.
Anyways, a payment page allows you to accept online payments with your customized brand. By using it, you can accept payments. Even if you don’t have a website or a mobile application. Besides accepting payments from your customers, you can also use a payment page to collect donations and fees. The payer wouldn’t stop himself from donating after witnessing your hard work on the payment page itself. So, it can also contribute to social welfare as well, besides making your business grow. Being self-employed means employment on your terms. For self employment proof of income, you can check it online too.
You can create a payment page even if you don’t know the ABC++ of coding. (no pun intended) So, non-techie people don’t need to worry about hiring a software developer. Also, the URL is easy to memorize. Hence, it will be easy for people to remember your brand’s name.
These are some of the best methods to collect online payments without a website. Each of them has its own benefits and drawbacks. But all of them are convenient to use and secure. Other payment methods include UPI and Internet Banking. But they may be less preferred by customers.
We hope that you were able to gain some insights about accepting online payments without a website. But we don’t want you to waste your valuable time searching for the right vendor. After all, time is money. So, your search ends here.
Containing all of the above payment methods, Enalo is the one-stop solution for your business. Besides accepting payments, you can pay your vendors and employees through Payouts. You also don’t need to scratch your head reconciling the payments by using a Virtual Account. Such amazing features, aren’t they?
So, what are you waiting for? Check it out and get started already.