Why Every Online Store Needs a Secure QR Code Payment System

Imagine a customer has finally decided to make a purchase after browsing your online store. But here is a twist— they ultimately abandon the cart because the checkout process is too slow, and the payment gateway you are using doesn’t feel secure to them.

In this digital world, providing a seamless yet secure payment experience isn’t only a luxury for brands; rather, it’s a necessity.

Fortunately, QR codes have offered a fast, secure, and contactless way to pay. However, without following a proper approach, online stores can expose customers to fraud and data breaches. Therefore, it is essential to implement a secure QR code system.

This can be advantageous in numerous ways. This blog post will not only cover those benefits but also discuss a step-by-step procedure for easy implementation.

Benefits of Having a Secure QR Code Payment System for Online Stores

Here are some of the key advantages of implementing a fast and safe QR code system.

Enhanced Security

This is obvious. QR codes make use of encryption, tokenization, and authentication protocols to safeguard customers’ data. This significantly reduces the probability of payment fraud or other mis confusion.

Unlike traditional payment methods, especially payment through credit/debit cards, which are highly susceptible to skimming and data breaches, the QR codes are usually designed for single use only. This way, there is almost no chance of someone gaining unauthorized access.

Better Accessibility & Customer Convenience

The heading is already telling everything—QR code payments are easily made through mobile phones. This can be really handy for customers who don’t have credit cards or digital wallets.

When it comes to convenience, QR codes allow customers to simply scan the code and proceed with the payment. This eliminates the need for them to manually enter bank details, i.e., card details, etc.

Faster Check-out Process

When it comes to online shopping, the speed of processing payments matters a lot. Customers are always in a hurry. If your store takes too much time, there is a strong chance that the person will abandon the cart.

Fortunately, this challenge can be effortlessly tackled by implementing a QR code system. Customers simply need to scan, approve, and complete the payment process in a matter of seconds. This not only increases the conversion rate but also improves the overall customer experience.

Easy Integration with Numerous Payment Options

Last but not least, every customer uses different payment options. Some prefer digital wallets, while some go with bank accounts and cryptocurrency. The good thing is that the QR code supports all these payment options, showcasing maximum versatility.

Moreover, through a QR code system, online stores can easily sell products to a global audience without requiring region-specific payment gateways.

So, these are some of the notable benefits of implementing a fast yet secure QR code system for online stores.

Now, let’s understand the implementation process.

How to Implement a Secure QR Code Payment System

Below, we have discussed a proven approach that should be followed for seamlessly implementing a perfect QR code system.

Choose a Payment Provider & Create a Merchant Account

First of all, you need to opt for a payment service provider. Make sure it is reliable and credible, this gives the surety of compliance, security, and fraud prevention. There are numerous options for companies available, including:

• PayPal
• Stripe
• Square

However, you should go with the one that offers:

• Tokenization/Encryption
• PCI DSS compliance
• Automated fraud detection

Once you have picked the provider, then set up a merchant account on that platform. The process is straightforward. Simply sign up, enter, and verify your business details, and then enable QR code payment preferences.

Generate Dynamic QR Codes

There are two main types of QR codes; one is static and the other is dynamic. As an online store owner, you should go with the second one. This is because dynamic QR codes change with every transaction.

This ultimately ensures improved security, personalized transactions, and data tracking. The internet is filled with a wide range of tools like QR Code Dynamic, which allows online stores to easily create secure dynamic QR codes for free.

They just need to provide all the relevant details, and the code will be generated in real time. Check out the screenshot below for a better understanding.

That’s how simple the creation process is.

Test the Code

Once you have got the QR code, don’t just rush to implement it on your store. A better approach is to first test the code by yourself to determine whether it is actually working or not.

The testing process is also simple, you just need to scan the QR either through your phone camera or with the help of an online QR code scanner tool. The better idea is to use an online QR code scanner. It will first show information about the code rather than taking any automated action. So a QR code scanner is a good way to stay safe while testing.

After scanning, if you got the right information that was given at the time of code creation, then this clearly means it is working fine.

We tested the code with a tool, and the results it generated are as follows.

By performing QR code validation, you can make sure that the potential customers will not face any issues when proceeding with the payments.

Integrate into the Check-out Process

When the testing is done, you can then integrate the QR code into your online store. Display the code at an appropriate place on the checkout processing page. Besides this, don’t forget to enable one-click confirmation. Doing so will allow returning customers to save their details securely.

If possible, the online store can even consider adding the functionality to send QR codes via email or SMS.

Wrapping Up

Online stores globally are quickly adopting QR code payment methods to ensure maximum security, quickness, and seamless customer experience. This method significantly reduces the cart abandonment rate—which is the primary goal…right?

In this blog post, we have tried our level best to highlight the importance of having a secure QR code payment system for every online store. Besides this, we have also mentioned a proven approach to implementing such a system.