It's no secret that the demand for flexibility in payments has increased due to the COVID-19 pandemic and the rise of online shopping. To remain competitive and boost customer loyalty, companies need to offer a variety of online payment options. While many believe that this process can be challenging for small and medium-sized businesses, several merchants provide a different perspective. But first, let's take a closer look at what a Payment Request is.
Accept online payments without impacting your budget
A Payment Request is a unique myPOS feature that allows merchants to receive card payments from around the world. This function provides a payment link with a predetermined amount that can be sent via email, chat application, or SMS. The received funds are instantly deposited into your myPOS account with no hidden or monthly fees. Each received payment incurs only a small transaction fee, meaning you only pay when you receive a payment.
How does the Payment Request feature work?
Since the Payment Request can be customized, it requires certain information, such as the client's name, email, or mobile number, depending on how you plan to send the request—via email or SMS.
Step 1: Enter the recipient’s details and the amount to be paid. At this step, you can also choose to include a reason for the request, such as an invoice number or the name of a product/service.
Step 2: We will generate a payment link that you can send via email, chat application, or SMS. The client will receive a brief notification about the nature of the payment, and the link will direct them to a secure page where they can enter their card details and complete the transaction.
Step 3: The client clicks on the link and makes the payment. You don’t need to worry about processing or storing card details—myPOS will handle this, ensuring that no personal information is shared.
Step 4: Once the transaction is complete, you will receive the funds in your myPOS account within seconds, providing you with immediate access to the money.
What are the advantages of Payment Requests?
The feature provides a fast and hassle-free way to increase your sales by reaching new markets. You don’t even need a website to take advantage of this convenient service. Simply generate a personalized link and send it to your customer to proceed with the payment process. With this service, you can also accept payments in person. Just enter the amount and generate a QR code for customers to scan with their devices.
How do business owners use the Payment Request service?
Let's examine how this feature addresses the specific needs of small and medium-sized business owners in Bulgaria:
AEmiliusCaviar
AEmilliusCaviar strives to offer high-quality black caviar and expand its business without a physical store, while still remaining close to each customer. Emil Arabadzhiev, the owner of the company, believes he can achieve this through online commerce and the innovative solutions provided by myPOS. Here’s what he shared about our services:
“Request for Payment is one of the fastest ways to organize payment for the buyer. It is a great convenience for our customers because we essentially handle the transaction, and all they have to do is confirm it.”
Nutrio Bar
Nutrio Bar is a fast-food establishment that manages to strike a balance between a hectic lifestyle and nutritious eating. The company's goal is to provide high-quality food prepared in a healthy way, suitable for active individuals and those with special dietary requirements. The Request for Payment service is one of the solutions the company relies on.
“We have had instances where we pleasantly surprised our customers with the Request for Payment service, as it has helped us deliver innovative and high-quality service,” shared Anton Gigov, founder and manager of the company.