News
8 min read

An Introduction to QR Code Payments

An Introduction to QR Code Payments
Published on
December 26, 2023

QR code payments are short for Quick Response code payments because they allow users to access information almost right away. Like all things electronic, their usage grew by an impressive 11% in the pandemic’s wake. Although QR codes have only now made a comeback in North America, they’re already wildly popular in Asia.

With these facts in mind, let’s see what these contactless payments are all about.

QR Code Payments: At a Glance

QR codes are two-dimensional codes that can store over 7,000 characters. These barcodes store information on both the seller or service provider and the customer.

These little barcodes have the power to turn your smartphone into a mobile payment system. By scanning them with your phone camera, you can make instant payments right there and then.

QR Code Payments: Inner Workings

The QR code payment process is pretty simple. It only involves three steps.

  1. Scan the code with your camera.
  2. Click on the push notification to fill out your payment details.
  3. Confirm the payment.

If you’re a repeat customer, the mobile payment system would probably remember you, meaning you won’t have to go through step 2 and can go straight to confirming your purchase.

A Faceless Person Holding Up a Phone Showing an American Express Card Inside a Digital Wallet

QR Code Payments: Perks and More Perks

QR code payments have been around for the better part of three decades, but it took a global pandemic for them to gain traction. Here are the benefits that made them such an appealing prospect.

  1. Security
  2. Affordability
  3. Flexibility

Only the Best Payment App for Your Business

Find the above features in a top mobile payment system like ScanPay and take payments from several digital wallets, including Apple Pay, PayPal, Google Pay, credit cards, debit cards, and bank transfers.

Download today, make the most of those cashless transactions and avail the same services at a 2.89% + 20 cents transaction fee, and nothing else.

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