Imagine getting paid was as simple as sending a link. No more clunky POS devices, no more waiting for invoices to be settled, just fast, secure, and efficient transactions. We’ve just launched Payment Links to make this possible.
Whether you’re selling offline or online, a small business owner or a freelancer, payment links can transform how you handle transactions. Here, we’ll show you some practical applications of payment links, exploring how they can help your business get paid faster and more efficiently. With real-world examples and testimonials from businesses that have successfully integrated payment links into their operations.
What are Payment Links?
Payment links are a smart and convenient way for businesses to facilitate customer payments through a simple URL that contains all necessary transaction details, such as the payment amount and description. When a customer interacts with the link—whether it’s sent via email, SMS, social media, or displayed as a QR code—they are directed to a secure payment page where they can choose from various payment methods like bank transfer, card, or mobile wallet. This method not only speeds up the payment process but also ensures security and flexibility, allowing businesses to get paid in seconds.
Use cases for Payment Links
The invoice simplifier
Service providers can offer their customers a smoother process by using payment links. With each invoice they email, they can include a payment link with all the necessary details pre-filled, making it quick and easy for their customer to pay without all the hassle of manual entry.
For example, a telecom company can use payment links to make it easier for their customers to pay their bills quickly and accurately.
Collecting prepayments and deposits
In order to book a service, a function room in a hotel perhaps, or a custom-made product, some type or prepayment is usually required. By sending a payment link you can make it easier for your customers to make these prepayments.
Consider a carpenter who crafts custom furniture. Due to the time and materials involved in making a coffee table, for example, they may want a proportion of the payment upfront. With payment links they can easily request this from their customer before collecting the balance on delivery.
Small business solutions
If you’re a small business owner, you might have a simple website set up displaying your products but might lack the resources to implement a complex checkout system. Or if social is your primary channel for displaying your products, you may want to avoid the hassle of developing a website. Payment links allow you to keep your website or Instagram as the catalogue for your products, while making sales with payment links.
Consider this flow, you’re a bookbinder who produces leather notebooks from a workshop in Gdansk. Your time is better spent on your crafting than on website development, so you start an Instagram displaying your products. As you build a following, you begin to get DMs enquiring about online sales. Instead of first learning how-to, and then building a checkout, you can simply register with Montonio and send your new followers a payment link via DM in seconds.
Replacing POS terminals
Markets and pop-up shops can benefit greatly from using payment links instead of traditional POS systems. At a local farmer’s market, each product could have a QR code linked to a payment link. Customers can scan the code and complete the purchase on their phones, eliminating the need for cash or an expensive card terminal.
This setup is perfect for semi-offline transactions. The merchant can create reusable and generic payment links before the event, allowing multiple customers to use the same link. It’s a convenient solution that brings digital payments to physical markets.
Recover lost sales
Some merchants track when customers abandon their carts and follow up to close the sale. Imagine sending an automated email 30 minutes after a drop-off, encouraging the customer to complete their purchase.
These merchants prefer using an API to generate payment links automatically, tying them to the original order for precise tracking. They might also customise the link to match the initial payment method. Shortening the link for SMS reminders ensures the message isn’t cut off, keeping the process smooth.
Convenient upselling
Payment links are a great way to upsell products post-purchase. For example, somebody books accommodation in your hotel or rental property. After confirming the purchase, they ask if they can bring their pet. That might be an extra fee. Or somebody purchases goods and later discover that they need help with the instalment of the product.
Send them a payment link for a certain amount to pay for this extra service. Also, flexible payment methods are supported on the payment links. The customer might prefer a bank payment. Or they want a one-click payment through Google/Apple Pay. In case of a larger purchase, they might also prefer splitting the purchase into smaller, monthly payments instead.
How to get started with Payment Links
Getting started with Montonio Payment Links is straightforward and hassle-free.
- First, sign up for a Montonio account if you haven’t already.
- Once you’re set up, navigate to the payment links section in your dashboard.
- From there, you can create a new payment link by entering the necessary details, such as the payment amount and description.
- Customise the link to match your business needs, whether it’s a one-off payment, a deposit, or a recurring fee.
- After generating the link, simply share it with your customers via email, SMS, social media, or even as a QR code.
By integrating payment links into your business operations, you’ll not only get paid faster but also provide a convenient and secure payment option for your customers. Start using Montonio Payment Links today and see the difference it can make for your business.