What Is Payment Request and Why It Is Important for Businesses to Use It?

What Is Payment Request and Why It Is Important for Businesses to Use It?

Use Your Mobile Device to Request Payments from a Distance

Remember how service businesses were operating before? In order for you to pay for your SPA appointment or your car service, you had to visit the place itself.

What did this mean to service providers, though?

It meant that they had to stay behind the counters, count on “working hours” and wait for people to visit their shops and make a physical payment. Today, things have changed. With the advancements in payment technology, the service industry are now capable of sending their customers “payment links,” with which, they can sell their goods and services without them or their customers having to be present at the place of business itself.

But how do you perform a transaction of service without the seller or the buyer being present at the same place?

A new nifty little feature has come around and it’s called – Payment Request. This is a function through which sellers, hotel owners, car rental agencies or practically anyone, can send their clients a link address, which redirects them to an online checkout page – a secure payment gateway. The customer then uses their card to pay for what they need, and they’re good to go. The payment is settled instantly into the merchant’s account.

The payment is settled instantly into the merchant’s account

Payment links can be sent via an e-mail, SMS, or any chat applications that people use these days! You want to buy something or book an appointment? Contact your seller, and while you’re chatting with your friends, you can receive a payment link that makes things easier and more convenient for you.

So, looking at it from two perspectives, the payment request forms the ideal marketing-symbiosis between the seller and the customer.

Business Owner Client
Conducts sales more efficiently by saving time and effort Receives payment instantly
Is completely protected, even if the payment request was not realized Doesn’t have to be present at the store
Business are no longer restricted for receiving payments Can be reached by a seller at any point, desired by the customer
Can pay with their debit/credit card via a secure payments gateway

So you see, the need to send a payment request to your clients is something no business should go without. Businesses are thriving and competing in an environment that dictates not only constant availability but also the need to be close to one another, even though the seller and the buyer are thousands of kilometers away.

myPOS delivers a remarkable solution to service industries, needing distant payments, and it does much more to help them thrive. With its innovative platform, myPOS™ allows a new connection between a buyer and a seller, which was not available a few years ago.

myPOS™ payment requests can be initiated from different devices and sent via multiple channels.

Payment request from the myPOS™ device – requests can be generated only for the terminal transaction currency (BGN, EUR, USD, GBP, CHF, RON, HRK, NOK, SEK, CZK, HUF, PLN and DKK), via SMS.

Payment request from myPOS™ account – requests can be sent in the form of an email or SMS in the following currencies: EUR, USD, GBP, CHF, RON, HRK, and BGN

Merchants can check the status of the payment request:

  • Pending – the link is sent, but is not open yet.
  • Seen – the link has been opened at least once, but no payment has occurred
  • Failed attempts – the client failed to pay
  • Paid – payment is completed
  • Expired – a payment was not made on time. Payment requests have expiration date of 30 days. Therefore, a payment must be completed beforehand. However, the merchant can send a reminder to the client

 

Payment request from myPOS™ mobile app

Gone are the days where you have to be at your desk or computer to run your business operations. Now you can send payment requests no matter where you are.

myPOS™ mobile app for Android iOS - send payment requests

What you can do from the mobile app:

  • Send payment requests via email, SMS or chat
  • See payment requests history – pending, paid, expired
  • Get push notifications about important movements in your account

If you are looking for a better way to expand your payment sources and offer your services or products to clients from a long distance, myPOS™ is the answer! Increase your sales, make your clients happy, and run your business successfully and effortlessly. Find more information about payment requests by visiting www.mypos.eu.