The Benefits of QR Codes to Accept Payments for Small Businesses

The Benefits of QR Codes to Accept Payments for Small Businesses

Small business owners are stretched thin trying to serve their customers, increase their margins, and handle the time consuming and manual parts of running a business. 

It’s no fun spending hours trying to decipher a clunky accounting software or watching your revenue take hit after hit due to expensive processing + transaction fees. 

There are a number of different tools to help you save time and get paid faster – using QR codes to collect payments is one of our favorites! Here’s why:

Convenience

QR codes are convenient for both customers and merchants. Customers can simply scan a QR code with their smartphone to make a payment, without having to fumble for cash or cards. Your small business can also accept payments quickly and easily, without having to manually enter payment information.

Time is money, so now you save both.

Cost-effective

Using QR codes to collect payments is typically much less expensive than purchasing or leasing expensive POS systems or credit card readers. The only hardware needed is your customer’s smartphone or tablet!

Added Security

QR codes are highly secure, as they use encryption and tokenization to protect customer information. This means that even if a QR code is intercepted, the customer’s payment information will be safe.

We pride ourselves on bank-like encryption systems, to make sure our customers can pay and get paid 100% secure.

Decrease checkout time

By using QR code payments your business can reduce checkout times. This is because customers can make payments without having to wait in line for a cashier or enter their payment information manually.

Boost Sales 

QR code payments help businesses to increase sales by making it easier for customers to pay. This is especially important for small businesses that operate in high-traffic environments, such as food trucks and retail stores.

Whenever you make your clients’ life easier, it allows them to purchase more and increase their business engagement with your company.

Improved Customer Experience

One of the biggest benefits of using QR code payments is to improve the customer experience by offering a more seamless and convenient checkout process. This can lead to increased customer satisfaction and loyalty.

Increased Versatility

Not all businesses are alike and there is a plethora of products and services that can use QR code payments: including in-person payments, online payments, and even donations. This makes them a versatile payment solution for businesses of all sizes.

Whether you run a martial arts business, a food-truck or a nonprofit trying to save the whales, QR payments can help you achieve your goals.

Contactless

Sometimes not having to get in contact with your clients in person is a plus! No more touching cash or paper checks. This can help to reduce the spread of germs and keep customers and employees safe.

Omnichannel Experiences

QR codes can help businesses to create a more omnichannel experience for their customers. For example, your business can use QR codes to allow customers to order and pay for products online and then pick them up in-store.

Easy to Use

QR code payments are easy to use for both customers and merchants. Customers simply need to scan a QR code with their smartphone camera to open a unique link. Merchants can also create and display QR codes using a variety of free and paid tools.

As you can see, QR code payments offer a number of benefits for small businesses. They are cost-effective, secure, convenient, and versatile. They can also help small businesses, like yours, to increase sales, improve the customer experience, and create a more omnichannel experience.

Pay-by Links

For all these reasons, Finli is so excited to be introducing our very own QR code solution. With Pay-by Links, you can now accept payments from anywhere, anytime!

Ever since our debut in the digital payments market, we’ve made it our goal to help small businesses handle invoicing and payments without out of control fees and hassle.

Fast payments, Pay by Link, professional invoicing and a clear flat fee (just $39/month for our entire suite of features) help you focus on your business, not chase client payments on a daily basis.

Interested in getting your invoicing to the next level? SIGN UP TODAY.

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