Today, people consider QR codes as one of the most convenient options to pay for their purchases. PayG Payment Gateway also offers the facility to create QR codes to collect payments from their customers to all the merchants onboarded with them. Check out the process of creating a Payment QR with PayG:

What Is PayG Payment QR?

QR or Quick Response codes are the barcodes that hide the account credentials underneath. A buyer can initiate a payment simply by scanning a QR code from his/her smartphone without entering any credentials (account number, IFSC, name, payable amount, etc.) manually. This technology has literally redefined the transaction process of present day and buyers have almost stopped carrying cash because of the convenience it provides.

With PayG, merchants can create such unique QR codes so that their customers can use them to complete their payments without any trouble.

How Payment QRs Work?

QR code holds all the account details within itself. So, as soon as a scanner scans this code, it reads all the details it is carrying, and a payment request gets initiated.

So, in simpler words, a QR denotes the address where the payment needs to be made. And on completing the payment, that account receives the amount. Simple... Just like any normal transfer - the only difference is the payer only scans the QR instead of entering any data.

Currently, QR codes are using such a strong encryption technology that they can provide the account details perfectly, even though a part of it is damaged.

How to Create QR Codes with PayG?

To create a QR code with PayG, all you need to do is:

1. Sign in with your merchant account credentials
2. Click on "Create" button and select "QR"
3. Enter the required details in all the fields
4. Then, proceed to generate the QR

Once the QR is ready, you can share the QR through any platform like email, messenger, comment box, etc. Also, you can print it for further use.

Payers, on scanning the QR on their payment apps, can complete the payment in just a few seconds. They only have to select the account number from which they want to pay and then complete verification to pay the amount successfully.

Use-cases of Payment QR

Merchants can use QR codes for both online and brick-and-mortar stores. Some popular use-cases of QR codes are:

1. eCommerce payments
2. Retail store payments
3. Utility bill payments
4. Freelancer payments
5. Booking solutions
6. Service providers
7. Buy now, pay later

Benefits of PayG Payment QRs

For the merchants, providing a QR to their buyers is very essential today as they are accustomed to pay with it. Along with that, using QR codes to collect payment is beneficial because of

• Fast creation process by entering minimal details
• Realtime notification
• Convenience of payments
• Ultra-security in all payments
• Compatibility with a range of PSPs
• Effortless reconciliation
• Seamless user experience
• 24x7 accessibility

Also, take a look at PayG’s product suite:

• PayG Payment gateway
• PayG Pay Buttons
• PayG Payment Links
• PayG Pay Profile
• PayG Invoices
• Booking and Ticketing
• PayG Payouts
• PayG Reports

End Words…

QR code not only simplifies digital payments by eliminating all the complexities and manual efforts, but it also brings a sense of security among the payers while transacting. With PayG, you can also embrace this feature and transform the buying experience of your customers. So, onboard yourself with PayG quickly and collect payments with complete ease.