Digitization has led to a need for effortless and hassle-free payment methods for all kinds of businesses. From being a cost-centric advantage, online payment methods have now become a key competitive advantage for businesses.
The best way to inculcate an online payment method without needing a heavy investment or a developer is to generate payment links. It is a time-saving payment method that provides increased security, premium facilities, faster payments, and more.
What is a Payment Link?
A payment link is a URL that takes customers to a web page or a checkout page wherein they can complete their transaction. Generally, merchants generate payment links to provide their customers with a hassle-free payment method.
In simple words, a payment link, unlike a normal link, is a payment request through a web link that is generated with safety. As a merchant, you can generate payment links individually for different goods and services that you are selling.
However, one single payment link can only facilitate a transaction for a single intended receipt, up to a vast number of customers. Moreover, it could be shared via various communication channels like email, SMS, WhatsApp, etc. The customers can choose the most convenient method to make the payments, i.e., credit and debit cards, net banking, UPI, and more.
How Does a Payment Link Work?
A merchant can generate payment links in a few simple steps and start collecting payments almost immediately. Let’s look at the step-by-step process-
What Businesses Can Benefit from Payment Links the Most?
Payment links are great for small and independent merchants requiring a timely payment either before or right after the product or service is delivered.
Get Paid Instantly with Razorpay Payment Links
Many customers in today’s time prefer to pay their bills via online medium over traditional modes of payment such as cash and cheques. And payment links do not just offer convenience and security to the customers, but it also allows your organization to compete effectively by following the latest trends as they enter the market.
Razorpay, a leading brand, offers powerful links and reminders with hassle-free onboarding. This means that you can send reminders to your customers without even lifting a finger with automated payment reminders.
Accepting payments is now just a link away with Razorpay. Visit their website to learn more.
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