Create a Payment Link for Faster Online Payments, Here’s How

Create a Payment Link for Faster Online Payments, Here's How
Create a Payment Link for Faster Online Payments, Here's How

Today, more and more retailers realize the importance of setting up a digital footprint. Therefore, in order to stay ahead of the competition, it is high time to cater to the needs of your customers by offering them the option of purchasing your products or services online.

Consequently, the online payment process is one of the major cornerstones of successful sales. Therefore, you need to approach it wisely in order to ensure that your customers leave your website with the utmost satisfaction.

Sometimes, small, and medium-sized businesses need help establishing a website and collecting digital payments as easily as other online businesses. That is to say, a growing start-up is less technologically strong to accept online payments. Therefore, the easiest way to overcome this hindrance is to create a payment link.

In this article, we will talk in detail about a payment link and how you can create a link to accept payments online. 

What is a Payment Link?

A payment link, also known as a checkout link, can be a clickable link that allows your customers to complete a purchase. They are sent to customers through digital links and can be used across various websites, applications, social media platforms, messaging tools, etc. So, you can pick the most comfortable platform for your customers so that they find it extremely easy to make payments.

In layperson’s terms, creating a payment link simplifies the sending and receiving of the amount that customers pay in exchange for goods and services they purchase. When the customer clicks on this link, they are taken to the merchant’s checkout page, wherein they can complete the transaction.

Now that you have understood what a payment link is, let us learn how to create a payment link.

How to Create a Payment Link?

Step 1: In the first step, look for a reliable service provider and install their smartphone app.

Step 2: You will be required to submit a few documents and personal details to register with the payment link provider of your choice.

Step 3: This step includes visiting the dashboard or API on the application to open the required form and filling out the necessary details.

Step 4: In the last step, you will receive a notification once the customer completes the payment. Further, the concerned amount will be transferred to your registered bank account.

And voila, you are done! 

Benefits of Creating a Payment Link

  1. No Need for Website Integration

You can generate a payment link and start accepting payments in three mere steps, I.e., there is no need to indulge in any bit of coding or website integration.

  • Enable Partial Payments

Your customers get the flexibility to make partial payments on the products or services they purchase. The rest of the payment can be made once the order is fulfilled.

  • Create Multiple Links

As your business grows and prospers, you can generate payment links in bulk. This will save you a great deal of time and energy. Moreover, you can diminish the manual errors altogether through this method.

  • Notify Customers

Payment links can be sent to customers via different messaging platforms as soon as you generate them. You can also set automated reminders to ensure customers make payments on time.

Online sales are not merely an option in today’s time. It is one of the best ways to diversify sales channels. Moreover, a payment link can become a knight in shining armour when you have big plans but limited means.

Hence, choose a reliable payment service provider like Razorpay to make your journey of accepting payments quick and seamless. Razorpay allows hassle-free onboarding, single-click refunds, easy tracking, automated reminders, and much more. Visit their website today to learn more!

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