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Know about Merchant QR Code Payment

In today’s fast-paced digital era, businesses require efficient payment solutions. HDFC Bank’s SmartHub Vyapar enables merchants to instantly generate QR codes with the Scan and Pay feature, allowing customers to pay seamlessly via UPI or bank cards.

Merchants can set up QR Code payments at minimal cost using a mobile device. Receive a personalized QR Code for your shop or create static or dynamic QR Codes through the SmartHub Vyapar app. Static QR Codes require customers to enter the amount, while dynamic codes auto-fill details for quick payments. Stay informed with real-time voice and SMS alerts for successful transactions.

To know more, download the SmartHub Vyapar brochure here.

To register and set up a merchant QR Code, you must onboard HDFC Bank’s SmartHub Vyapar. Once onboarded, you can instantly generate a QR code for payment collection with the Scan and Pay facility. You can create a static or dynamic merchant QR Code using the SmartHub Vyapar app. Enter your customer’s mobile number and payment amount for dynamic QR codes. Upon scanning the dynamic QR code, the customer only has to complete the payment using a UPI-enabled app.

Merchants can generate a static or dynamic QR code using the SmartHub Vyapar app. Customers scan the QR code, enter the payment amount, and complete the payment. Merchants enter the customer's mobile number and payment amount for dynamic QR codes. Upon scanning, customers complete the payment using a UPI-enabled app. 

The features of Merchant Account QR Code are:

Instant Generation

Merchants can instantly generate a QR code for payment collection with the Scan and Pay facility.

Payment Flexibility

Customers can pay via bank cards and the Unified Payment Interface (UPI).

Contactless Payments

QR codes offer a completely contactless way of making payments.

Minimal Cost

Businesses can set up QR Code payments at minimal cost.

Personalised QR Code 

Merchants receive a personalised QR Code for their shop.

Real-time Settlements

Merchants can avail of real-time settlements on UPI transactions.

The following are some of the notable benefits of Merchant QR Code Payment:

Convenience

Customers can make payments quickly by simply scanning a QR code, eliminating the need for cash or cards.

Lower Costs

Often cheaper than traditional card processing fees, benefiting both small and large businesses

Speed

Transactions are processed instantly, reducing waiting times and improving customer experience.

Accessibility

No need for expensive POS terminals; a smartphone or basic QR code scanner suffices.

Enhanced Security 

Encrypted data in QR codes lowers the risk of fraud and chargebacks.

Versatility

Can be used across various industries, from retail and dining to transportation and services, offering a versatile payment solution.

To integrate the Merchant QR Code with your existing system, you can use the SmartHub Vyapar app. This app allows you to generate a static or dynamic QR code for payment collection. You will receive notifications of successful transactions via voice and SMS alerts.

*The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions

A Merchant QR Code is a type of barcode that stores payment information. Customers can scan it with their smartphone to make payments directly from their Bank Accounts or digital wallets, simplifying transactions.

Merchants can generate QR codes using payment service providers, banking apps, or specialised QR code generator tools. They typically input their payment details, such as bank account or digital wallet information, into the platform, which then creates a QR code they can display for customers to scan and pay.

Yes, Merchant UPI QR Codes are secure for transactions as they use encrypted data, reducing fraud risk.

No, merchants do not face additional charges when utilising QR payments.

No, a stable internet connection is generally required for both the merchant and the customer to make a smooth transaction.