If you are a supplier, distributor, or even a retailer wanting to make the payment collection process simpler and faster, then you are at the right place.
Whether you sell online or have a physical shop, it is obvious that you want to collect payments from your customers in a fast and secure way. There are some situations wherein it is not possible for customers to make cash payments. Some of them are:
- When there is no access to card swipe devices
- Demand for cashless transactions from remote customers (online stores)
At such situations, payment links play an important role to make the payment process smooth.
What are online payment links?
Payment links or online payment links are shareable urls using which you can request a payment from your customers. They can just click on the link and complete their transactions. Payment links allow many options to proceed with the payment such as debit, credit cards, net banking, etc.
What are the major benefits of payment links for business owners?
Having payment links bring many advantages. Know some of them below:
1) Convenience
Payment links can be shared easily through different channels like SMS, WhatsApp and Email. Therefore, it becomes very easy for customers to get them on desired channel and pay quickly.
2) Invoice + Payment links
Today, many apps are available in the market which helps to generate online bills using an invoicing app, which can be sent to customers. Fortunately, payment links can be attached to such bills. This facilitates customers to pay as soon as they receive their bills which makes payment collections faster.
3) No need for any payment devices
Payment links eliminate the need for any payment devices like POS machines. This helps businesses to reduce maintenance costs.
4) Trustworthy and secure
Usually, customers feel uneasy when they carry out online payments because they do not want to share sensitive payment details. Payment links do not require any such information to be entered. With a reliable payment solution, these links provide a sense of security to customers and they go ahead with payments without any hesitation.
With the majority of businesses in India embracing payment links to collect payments online, it is not just a nice-to-have facility but a necessity. If you want to gain the benefits of payment links or looking for a platform that provides this service, MyBusiness app is one such solution. It not only provides a payment link facility but other services like online billing, GSTR-1 filing, and more. This app is made to single-handedly take care of all your payment needs. Explore MyBusiness app today.