In the age of digital payments, QR codes have become an essential tool for both consumers and merchants to complete fast, secure, and contactless transactions. MobiKwik, one of India’s leading mobile wallets, has made it incredibly easy for merchants to accept payments through their QR code system. Whether you run a small shop, a restaurant, or even an online business, MobiKwik’s QR code payment system can streamline your payment process and enhance customer convenience.
In this blog, we will guide you through the steps of using MobiKwik’s QR code payment system as a merchant, explain its features, and highlight the benefits it offers.
Part 1: What is MobiKwik’s QR Code Payment System?
MobiKwik’s QR code payment system is a contactless payment solution that allows merchants to receive payments from customers through QR codes. With this system, customers can simply scan the merchant’s QR code using their MobiKwik wallet or any other compatible UPI-based app to make a payment.
Merchants can display their unique QR code at their business premises, and customers can use it to make payments instantly. The process is simple, quick, and secure, making it an ideal payment method for all types of businesses.
Part 2: How to Set Up MobiKwik’s QR Code Payment System for Your Business
Setting up MobiKwik’s QR code payment system for your business is a simple and straightforward process. Here are the steps to get started:
Step 1: Download and Install the MobiKwik Merchant App
To begin using MobiKwik’s QR code payment system, the first step is to download the MobiKwik Merchant App from the Google Play Store (for Android) or the Apple App Store (for iOS).
- Open the App Store or Google Play Store on your smartphone.
- Search for “MobiKwik Merchant” and download the app.
Step 2: Register Your Business
Once you have downloaded the MobiKwik Merchant App, you need to create an account by registering your business.
- Open the MobiKwik Merchant App.
- Click on the ‘Sign Up’ button to create a new merchant account.
- Enter the required business details, such as:
- Business Name
- Business Type (e.g., Retail, Restaurant, Online Store, etc.)
- GST Number (if applicable)
- Business Address
- Verify your mobile number and complete the registration process.
Step 3: Generate Your QR Code
Once your account is set up, the next step is to generate your unique QR code.
- After logging in to the MobiKwik Merchant App, navigate to the ‘Payments’ section.
- Select ‘QR Code’ from the list of payment options.
- Click on ‘Generate QR Code’.
- You will now have a unique QR code generated for your business. This code can be displayed at your physical location (like at the counter, on walls, or product packaging) for customers to scan when making payments.
You can also choose to print the QR code if you need hard copies, or download it in digital format to display it on your business website or app.
Part 3: How Customers Make Payments Using Your MobiKwik QR Code
Once your QR code is ready and displayed, customers can easily make payments by scanning it using their mobile phones. Here’s how the payment process works:
Step 1: Customer Scans the QR Code
- Using MobiKwik: The customer opens their MobiKwik app, taps on the ‘Scan’ option from the home screen, and scans your QR code.
- Using Other UPI-Based Apps: Customers using other UPI apps (like PhonePe, Google Pay, Paytm) can also scan your QR code as long as it is linked to a UPI ID.
Step 2: Customer Enters the Payment Amount
After scanning the QR code, the customer will be prompted to enter the amount they wish to pay. Depending on your business type, you can either set fixed amounts (for example, for a meal or a product) or leave it open-ended for customers to decide.
Step 3: Customer Confirms the Payment
Once the customer enters the payment amount, they can confirm the payment by choosing their preferred payment method (either their MobiKwik wallet balance or another linked bank account).
Step 4: Instant Payment Confirmation
After the customer completes the payment, the merchant will receive an instant notification confirming the payment. The payment is processed instantly, allowing you to proceed with the transaction without delay.
- The customer will also receive an instant confirmation of the payment in their app.
Part 4: Benefits of Using MobiKwik’s QR Code Payment System for Merchants
1. Fast and Easy Transactions
MobiKwik’s QR code payment system offers instant payments, ensuring that merchants can complete transactions quickly without waiting for cash to be counted or cards to be swiped. This speed helps to keep your business running smoothly, especially during peak hours.
2. No Hardware Required
Unlike traditional POS machines, MobiKwik’s QR code payment system doesn’t require any expensive hardware or additional setup. All you need is a smartphone and a QR code, which significantly reduces your upfront investment.
- No card swiping: Merchants do not need to worry about dealing with cards or the maintenance of card machines.
- Minimal setup: The entire system can be set up digitally without any need for additional equipment or software.
3. Low Transaction Fees
MobiKwik charges minimal transaction fees compared to traditional POS terminals. This makes it a cost-effective payment solution for merchants, especially small and medium-sized businesses that want to keep their operational costs low.
- Low fees mean higher margins for your business.
4. Secure and Contactless Payments
QR code payments are contactless, reducing the risk of transmitting germs, especially during the current times. It also provides a secure payment system with encryption, ensuring that the transaction is protected.
- No physical contact: Reduces the spread of germs by eliminating the need for handling cash or cards.
- Secure: MobiKwik uses advanced security measures to protect both merchant and customer data.
5. Easy Integration with MobiKwik Wallet
Since MobiKwik’s QR code payment system is already integrated with the MobiKwik wallet, customers who use MobiKwik can complete payments quickly and efficiently. The app also offers features like rewards and cashback, which encourage users to pay via MobiKwik, giving your business access to a large, loyal customer base.
- Loyalty programs: The app rewards both merchants and customers with discounts, cashback, and other incentives.
6. Track Transactions and Insights
Through the MobiKwik Merchant Dashboard, you can track all transactions made through the QR code system. The dashboard provides insights into your daily transactions, helping you manage your finances more effectively and spot trends in your sales.
- Transaction history: View a detailed record of all payments, which can help you with accounting and inventory management.
- Insights: Use the data to analyze your business performance and customer behavior.
Part 5: Tips for Merchants Using MobiKwik’s QR Code Payment System
- Display the QR Code Clearly: Make sure your QR code is visible to customers. It should be printed clearly or displayed digitally at checkout counters or areas with high foot traffic.
- Keep Your MobiKwik App Updated: Always ensure you’re using the latest version of the MobiKwik Merchant app to avoid any potential issues with payment processing.
- Promote Digital Payments: Encourage your customers to use digital payments by offering discounts or cashback incentives when they pay via MobiKwik.
- Offer Multiple Payment Options: While QR codes are an excellent option, always be ready to accept other forms of payment (like cash, cards, or other wallets) to cater to all types of customers.
Conclusion
MobiKwik’s QR code payment system offers an incredibly convenient, secure, and cost-effective solution for merchants who want to accept digital payments. With no need for expensive hardware or lengthy setup processes, it allows businesses to offer contactless payments to customers in just a few simple steps. Whether you run a small retail store, a restaurant, or an online business, using MobiKwik’s QR code payment system can streamline your payment process, boost sales, and enhance the customer experience.
By adopting digital payments through MobiKwik QR codes, you’re not just making payments easier—you’re also contributing to the growth of a cashless economy while reducing your business’s environmental footprint. Start using MobiKwik’s QR code payment system today and enjoy the benefits of faster, safer, and more efficient transactions.