Digitization has produced a vast requirement of error-free and easy payments for businesses of varied sizes and nature. The best method to do this without needing a developer or considerable genuine investment in payment structure is with creating a payment link.
What is Called a Payment Link?
A payment link takes the user to the digital mode of payment to make more manageable payments. Unlike a general link, a payment link is a payment demand via a web link that is safely created, and customers can send payments quickly via this link. This payment link can be shared through different communication mediums like email, text messages, social media, etc.
You can develop a unique payment link for every product or service you are selling. A payment link can simplify a transaction for a sole targeted recipient; for example, an invoice will go up to limitless customers.
Creating and Sharing a Payment Link
After fixing the payment tool, you can make payment links to allocate customers. Thus, they can quickly finish a purchase. For example, you sell a specific product or service with a persistent billing recurrence. In that case, you can create a payment link to involuntarily gather history of payments through customers’ payment details on file.
You can share a payment link straight with a customer, insert it to your website, or append the link to a CTA (call-to-action) or in your email signature.
To make, edit, or remove payment links, you should be a super admin approval user or possess a managed payment link for access.
All payment links given have the same process, which is discussed below:
- Download the service provider’s application.
- Get boarded to the payment link provider after putting forward the needed documents.
- Go through the payment link form and fill in the essential details on their dashboard.
- Offer the page’s link to which your clients should be taken after their transaction is done.
- Receive payments from your clients.
Process of Working for a Payment Link
1. The seller creates the payment link.
2. The seller then sends this link to his customers.
3. Then customers click on this payment link.
4. The link takes the customers to a secure payment page.
5. The customers then make the digital payment with accessible methods like internet banking, debit or credit card, UPI, wallet, etc.
6. Once the payment is made, the seller gets an alert regarding the success of a payment.
Payment Link Benefits for Merchants
User-friendly and straightforward– With reduced IT work, the merchant may develop a payment link that can be a simple alternative for POS and COD methods. Thus, decreasing the workload of dealing cash or running a POS system. This is a time-saving method for businesses.
Personalized messages– Payment links could be distributed on social media platforms and messaging interfaces. Merchants can add a personalized message when making the payment link to bring in customers and market different products or services.
Safe payments– Generating and sharing a payment link is possible through a secure payment gateway. Many payment link solutions and API providers like Brassica help merchants and clients similarly with easy transactions.
Profitable– Taking payments through payment links removes the need for any physical tools like POS or third-party apps. This saves time and reduces the installation charges, charges for training, and maintenance.
Gather payments quickly– Inserting the Pay Now button to the bill of sale motivates customers to pay for their items quickly.
Payment Link Benefits for Customers
No extra application– A customer need not use the merchant’s app for sending the payment. He doesn’t need to set up any extra app because the payment links can be shared via generally used SMS interfaces like SMS, WhatsApp, email, and more.
Different payment alternatives– The providers of a payment link usually provide a range of payment modes. A customer can select any mode from internet banking, debit or credit cards, UPI, mobile wallets, etc.
Safety– All the payment link service providers make sure that their payment service follows the government rules related to customer data safety.
Payments can be made anywhere, anytime– Customers can now send payments anywhere and anytime with a single click. With these links, customers can send payments from the ease of their homes, workplaces, or any other place.
Final Words
Having an option of numerous payment tools can profit your business by making sure quick and safe payments from your customers. The alternative payment tool will rely on each unique payment condition. If you are directly interacting with customers, why not create a payment link using Nimbbl and share it with the customers?
