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How do QR Code Payments Work?

How to use QR Code Payments

We’re all used to the barcode system in our daily lives. We have to use this barcode in the shopping mall, clothing store, and parking zone. However, nowadays, due to the popularity of mobile devices, Quick Response codes are in demand. We know this payment system as QR codes.

Using QR Codes as a Payment Option

More than half of all Internet traffic shops from a mobile device (OuterBox, 2019). Retailers still want to allow their customers to pay in store by using their mobile phones. A QR code is one of the main methods of mobile payment. You’ll need a smartphone with a camera and a mobile application that can scan the QR code. QR code payments speed up the e-commerce payment experience. This payment system is more secure than anything else. We can use this method of payment in the restaurants, supermarkets, and fuel stations as well. This method is applicable in high traffic areas of payment where speed is critical.

Benefits of Using QR Code Payments

There are many benefits to using quick response code. Here are some of the advantages:

No special device needed

You do not need to use any specialized devices to make your payment. You can use your smartphones to scan the QR code and pay the merchant.

Quick and simple

You do not need to input the details of the person whom you are paying. So, it does not take much time. By scanning the QR code, it’s easy to identify the retailer. It is a simple process of payment.

Convenient

This type of payment is very convenient. Because of its simplicity, it has become popular, especially in China, where it is an integral part of that country’s WeChat mobile payment system (Technode, 2018).

Safety

Safety is the main issue at the time of payment. Through this QR code method, your whole payment system is secure and protected. There’s no need to enter a PIN in the merchant’s machine, which reduces the risk of fraud (YouTap, n.d.). You do not need to carry cash to pay your bills. You do not need to worry about theft.

The QR code is now a promising platform for payments. It is one of the most exciting, accessible and convenient ways of payment. Any kind of smartphone can read the code. This coding system is the most popular payment option for tech-savvy people. Paying bills by using this method can save a lot of time and effort. Carrying cash is now outdated. QR codes have many advantages over the barcode system. Now, anyone can download the QR code scanner from their smartphones. It does not charge you a penny. You can go to a shop to buy something and make the payment by following this simple and secure method. It is the safest choice of payment.

References:

Jao, N. (2018). Technode, A Short History of the QR Code in China and why Southeast Asia is Next. Retrieved May 6, 2019 from https://technode.com/2018/09/10/qr-code-payment-overseas-china/

Smith, J. (2019). OuterBox, Mobile eCommerce Stats in 2018 and the Future Online Shopping Trends of mCommerce. Retrieved May 6, 2019 from https://www.outerboxdesign.com/web-design-articles/mobile-ecommerce-statistics

 YouTap (n.d.). Are QR Code Payments Secure? Retrieved May 6, 2019 from https://www.youtap.com/are-qr-code-payments-secure/

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