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SMS Pay Links are becoming progressively popular as an alternate mode of payment. Payment via SMS pay link offers potential growth for several businesses. Restaurants, salons, or any business having regular customers could benefit much from this payment mode. SMS payments enable businesses to expand their customer reach immensely, as everyone today has a mobile phone.
SMS Pay Links are a mode of accepting payments from a customer by sending them a text message. The merchant can directly share the payment link to the customer’s mobile phone or share it from the delivery agent’s app. Using an SMS pay link, the customer can then make the payment.
When it comes to the nitty-gritty of how SMS Pay Link payments work, it’s simple. There might be small variations with the company offering the SMS Pay link payment services. You can expect the below elements when it comes to SMS Pay Link:
As mentioned before, the exact process could vary depending on the company, but you could expect a similar process for completing the sale.
For the customer:
For the business:
Being able to accept payments by SMS offers a lot of potential for businesses. By digitising the payment requests to customers, businesses can reduce the operational costs and reduce their invoices settlement period. Features of SMS pay links vary from company to company, and hence it’s advisable to compare the service packages offered by several companies before finalising on a service provider.