Paypal Payment Link, Square Payment Link or Venmo Payment Link? This is an important question. Payment Links are becoming more popular becuase it is a quick and easy payment method. Today we will break down what Payment Links are and how they can help your remote business.
A Payment Link or (Pay by Link) is a method of online payment that is completed through your mobile device. Simply, you send a link to your customer and they click the link to make a payment.
Many SMEs find that Payment Links are the best way to request payments from their clients and customers. It is an essential payment method for companies without a website or who only have a social media account. This is becuase you do not need to have a website to plug in this payment method.
Everyone has a mobile now. Your mum, dad, uncle, aunt – even grandma and grandpa! The payment link has risen in popularity because more and more people are using their mobile phones for online banking and shopping.
2020 has brought a lot of changes to consumer behaviour. A key change is the shift from physical storefronts to online storefronts. Having a presence online and the ability to deliver your products / services virtually is becoming increasingly important.
However, the change is not easy. Many businesses are struggling to adapt to remote models. Crucially, payments have become a massive pain point. You cannot receive a payment with your POS through the internet.
And so, Payment Links are the best solution. You can send a link from your phone anytime and anywhere. Your customer / client can also pay in a place and time that suits them. Flexibility is huge benefit of Payment Links. Removing physical restraints on your business also opens up an opportunity for growth in the long run. Taking the time to implement new delivery channels will save you time adapting in the future. Give the best customer experience by using innovative technology.
Many payment service providers have a similar sign up procedure.
Yes! You can send a payment link internationally via Whatsapp, WeChat or email.
Each payment service provider has its own area of expertise. They often cover individual countries or continents. At GlobePay, we specialise in China to UK cross-border payments. So if your customers are Chinese international students, professionals or locals living in the UK, it’s a great idea to use payment links to collect payments.
Firstly, payment links and QR codes are extremely popular in China. A majority of the urban Chinese population already use QR codes and payment links to make payments online and offline. Importantly, you have to enable popular Chinese gateways so customers can pay once they have opened the payment link.
Lastly, Alipay and WeChat Pay are by far the most popular digital wallets in China. Enabling these two gateways opens up your business to 1.2 billion new global consumers.
In conclusion, payment links are a great way to receive payments from international customers. Remote businesses will especially benefit from this new payment method. Not only is it fast and easy, it is also secure since only you have access to your mobile phone.
Payment links are very common in China.
Payment links are especially useful for remote businesses.
You customer needs a phone to complete a payment link transaction.
You create, share and then receive the payment.
To find out more about payment links, contact us via email@example.com
Level 30, 40 Bank Street, Canary Wharf, London, E14 5NR
020 8226 5115
Download our app
WeChat Official Account
© 2018 GlobePay Limited | is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017.This can be checked on the Financial Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN) 930172.