QR Code Payments
Embrace the speed and security of QR payments.
QR (Quick Response) codes were created in 1994 by a Japanese company, Denso Wave. Since then, they’ve been used in many contexts, including marketing, information sharing, shipment tracking, quality control, and, of course, mobile payments.
How QR Code Purchases Work
Every part of the QR code contains several information layers that get put together in the right order once it’s scanned through a compatible application. The square markings in the corners signal the app what the correct orientation of the code is so that the consumers could scan it from any angle. Unlike barcodes, QR codes can be read not only from paper but also from a screen.
1. The consumer scans a merchant’s QR code.
When a customer scans the code with their device’s camera or a compatible app, a link pop up. The shopper then has to click it to be redirected to a web payment form where they can choose a preferred payment method.
2. The merchant uses a customer’s QR code
It’s also possible for a merchant to scan a QR code from the client’s device without any special equipment - a smartphone is enough. This code is generated by the consumer’s bank or payment app and contains their encrypted card details.
3. An app-to-app payment
Both the customer and the merchant have to open their apps. The client then scans the unique QR code that is generated in the seller’s application and confirms the amount to be paid.