Table of Contents
New-age small and medium businesses (SMBs) are witnessing tremendous growth.
The most popular examples are social media businesses and freelancers/gig workers. In fact, The number of active freelancers globally is expected to rise to 78 million in 2023!
Now, all of these SMBs and freelancers operate in diverse industries and cater to different niches.
But there is one thing that unites them all.
They all require efficient methods of payment acceptance and collection.
Traditional modes of payments rarely work for the new-age, UPI-accustomed generation. After all:
- It is challenging for SMBs players/ gig workers to build websites/apps due to limited resources and manpower
- Cash as a payment mode is outdated. It presents issues like poor reconciliation, complicated refunds and more.
So, are you an SMB owner or freelancer looking to accept payments without a website or app?
Well, this blog might just be the answer to your queries.
How Can You Accept Payments Without A Website?
As an SMB owner, the best way for you to accept payments is through payment links, payment forms and softPOS.
- Payment links allow you to accept payment by sending a link to the customer via message, WhatsApp, email, etc.
- A payment form is a custom payment page that allows you to easily and quickly collect payments. Moreover, you can add details about their products and services. It can be shared with customers or embedded on an existing landing page.
- A softPOS app allows you to convert your android phone into a POS machine. It can help your agents accept payments through QR codes, Tap and Pay, payment links and cash.
But why are these payment acceptance tools the best fit for your business?
Let’s find out.
Why Should You Choose Payment Links, Forms and softPOS?
Affordable and Requires Zero Coding Knowledge
Creating a website and integrating a payment gateway requires coding knowledge.
Most SMBs and freelancers may not be able to invest considerable funds on hiring someone for such projects.
Payment links, forms and softPOS acts as a great alternative here. They do not require any prior coding knowledge to set up.
In fact, payment links and forms can be created within < 2 minutes by freelancers/SMB owners.
Highly Scaleable
As your freelancer or SMB business grows, you might face issues like
- Cumbersome payment reconciliation
- Inefficient customer refund
- Dependency on single issuing bank
.
However, payment links, forms and softPOS show a way out. Here are some notable features:
- Flawless Payment Reconciliation- all transaction entries are automatically updated to the merchant-friendly app and dashboard.
- Efficient customer refunds- with value-added payment tools like instant refund payout links
- Dynamic routing eliminates dependency on any one bank. Your payment does not have to fail just because your bank is facing downtime. Instead, your transaction will be routed to the bank with the best transaction success rate.
Suited For Subscription Economy
The subscription economy is forecasted to reach 687 billion U.S. dollars by 2025.
In other words? It is growing at the speed of light and it shows no signs of stopping.
Payments links and forms are a great fit for recurring payments. Here’s why.
They offer:
- Autopilot reminders for subscription businesses
- Wide range of payment options like credit/debit cards, UPI, Google Pay, Amazon pay, Netbanking, wallets
- Partial payment services wherein customers can initiate partial payments in case of service fulfilment and initiate the remaining payment on completion of the service.
