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John opened a small scam shop. She learned that it is possible to save on bank fees if visitors pay for orders using a QR code. We figure out how to do this and what are the features of the technology.
What is QR code payment and how does it work?
This is one of the non-cash payment methods, an alternative to payments by bank cards or electronic money.
The QR code can encrypt your bank details, as well as information about a specific purchase.
The seller shows the QR code to the buyer in electronic or printed form, and he reads the code using his bank's mobile application. After that, the purchase amount is debited from the buyer's account, which is credited to the seller's account in a few seconds.
To set up payment by QR code at your outlet or online store, you need to contact the bank. All major Russian banks have already connected to the Fast Payment System (FPS), through which QR payments can be made. If the bank in which you have a current account is a member of the SBP, then you will be able to accept payments by QR code from clients of any banks that have joined the SBP.
Some banks are developing their own QR code payment services. However, when paying through these services, restrictions may be imposed. For example, accept payments only from customers of the same bank, or introduce increased fees for payments from accounts of third-party banks.
In the FPS, the maximum amount of commissions that the bank can charge from the seller is limited by the Bank of Russia. And in their own services, banks can set tariffs at their discretion.
Why activate QR code payment?
First, let's clarify: this is optional. Sellers can decide for themselves how it is more convenient for them to pay with buyers.
Only companies with revenues of $ 700000 or more per year should unconditionally accept card payments.
Compared to card payments, QR technology has several advantages:
What are QR codes?
Static and dynamic. The difference between them is that in the first case, the buyer will have to drive in the purchase amount manually, and in the second - not, because the code already contains this information:
Static code - QR sticker
This is a reusable code: it can be used for all purchases at your outlet. Only your details are encrypted in it, and the buyer will have to enter the purchase amount manually in their banking application.
Banks offer different ways to get this code. Some will generate it and send it electronically to the post office or print it right in front of you at the office. Others will allow you to create a code yourself in a banking application or personal account on the bank's website. You can print it and place it near the checkout.
A static QR code is suitable if you have a small retail outlet and not a very large flow of buyers. You just need to receive and print the QR code once, and then use it for all sales.
True, you will have to check every time whether the buyer entered the correct amount. But this is not difficult: the payment is processed in a few seconds, the cash register equipment will generate a receipt - and you can immediately make sure that everything is in order with the payment. If the customer is wrong, you can return immediately. In the case of payments through the SBP, the money will be returned to him literally in a second.
In addition, the banking app can usually set up instant push notifications for replenishment.
Dynamic QR Code
This is a one-time code that is assigned to each specific purchase. The dynamic code contains not only your details, but also the amount to be paid.
Many banks offer entrepreneurs to set up the easiest way to pay using a dynamic code - all you need to do is download a special banking application for business on your smartphone or tablet. If you already have it installed, it may be enough just to activate the function of generating dynamic QR codes on it. Check with your bank for the setup procedure.
In the application, you can generate a dynamic QR code online and display it on the screen of your gadget. And the customer reads this code from your screen. The bank employees will tell you in detail how to use the application.
The bank may also suggest reprogramming or replacing your payment terminals so that they generate dynamic codes after scanning items at the checkout. The code can be shown on the terminal screen or printed on a receipt and presented to the customer. But there may be a charge to reconfigure the terminal.
Dynamic code is convenient for large businesses with a large flow of customers. Such a code already includes the amount to be paid, so the client does not have to enter it manually, and the cashier does not have to check it. This saves time.
If you have an online store, the bank will help you embed a dynamic QR code into the payment page for goods on your website. The customer can read it directly from the computer screen. You can send the code to the client's personal account on your website or by e-mail. In any case, the payment will take the buyer less time than entering the card or e-wallet details.
You can choose which type of code suits your business. But you need to make sure that your bank provides such a service. The type of QR code does not affect the size of the commission, which will have to be deducted to the bank from each purchase.
What fees do banks charge for QR payments?
If the bank makes QR payments through the FPS, then it must comply with the tariff restrictions established by the Bank.
The tariffs in the FPS are the same for both regular and online stores. But they differ depending on what products and services you offer.
Fast payment system tariffs
Types of goods and services
The amount of the commission that the seller transfers to the bank
Other goods and services:
Up to 0.7% of the payment amount
Types of goods and services
The amount of the commission that the seller transfers to the bank
Other goods and services:
Up to 0.7% of the payment amount
Banks - members of the SBP, if desired, can set lower tariffs.
Banks that offer their own QR-code payment systems themselves determine the commissions that they take from sellers.
How to connect payment by QR code?
To get started, contact the bank where you have a business account. Find out if he can set you up to accept payments using QR codes.
Find out if the bank is connected to the FPS or if it conducts QR payments through its own system. Banks participating in the FPS can accept QR payments through the mobile applications of all other banks included in the FPS. If a bank has created its own service, it is important to find out which banks' clients will be able to pay using its QR codes.
Specify the fees that the bank charges for payments using QR codes, as well as the cost of other services - for example, the cost of integrating the QR payment module into your website.
If your bank does not yet provide such a service, study the offers of other organizations, compare them and choose an acceptable option.
How can I get the money back to the buyer if they return the goods?
When paying via FPS, you can transfer money back to the buyer's account in a few seconds.
If your bank has its own QR-payment system, you should clarify with him in advance the procedure and terms for refunding money to the buyer.
Are QR code payments suitable for self-employed people who do not have a business account? Can such payments be connected to a personal account?
Not yet. Currently, only individual entrepreneurs (IE) and legal entities that have a current account for doing business can set up the reception of QR payments through the FPS. For self-employed who are not registered as individual entrepreneurs, this option does not work yet, but may appear in the future.
What is QR code payment and how does it work?
This is one of the non-cash payment methods, an alternative to payments by bank cards or electronic money.
The QR code can encrypt your bank details, as well as information about a specific purchase.
The seller shows the QR code to the buyer in electronic or printed form, and he reads the code using his bank's mobile application. After that, the purchase amount is debited from the buyer's account, which is credited to the seller's account in a few seconds.
To set up payment by QR code at your outlet or online store, you need to contact the bank. All major Russian banks have already connected to the Fast Payment System (FPS), through which QR payments can be made. If the bank in which you have a current account is a member of the SBP, then you will be able to accept payments by QR code from clients of any banks that have joined the SBP.
Some banks are developing their own QR code payment services. However, when paying through these services, restrictions may be imposed. For example, accept payments only from customers of the same bank, or introduce increased fees for payments from accounts of third-party banks.
In the FPS, the maximum amount of commissions that the bank can charge from the seller is limited by the Bank of Russia. And in their own services, banks can set tariffs at their discretion.
Why activate QR code payment?
First, let's clarify: this is optional. Sellers can decide for themselves how it is more convenient for them to pay with buyers.
Only companies with revenues of $ 700000 or more per year should unconditionally accept card payments.
Compared to card payments, QR technology has several advantages:
- More profitable. It is cheaper than accepting payment with bank cards. The commission that banks charge for acquiring sometimes exceeds 3% of the purchase amount. The commission for QR payments is usually lower, even if the bank conducts them through its own service. And payments via UBS will cost you a maximum of 0.7% of the purchase amount.
- Faster. After the buyer confirms the payment, the money is credited to your account in a few seconds. You will receive a notification from the bank about the transfer of money - for example, a push notification or an SMS message. In addition, the information is immediately displayed in your online and mobile bank. Credit card payments arrive at the account much later, usually within a few days.
- Easier. It is not necessary to use special equipment to receive payments by QR code. You can simply stick a QR code at the checkout, which the bank will generate for you.
- More convenient for buyers. To pay, the client does not need a bank card or a phone with a contactless payment function. It is enough that a banking application and a built-in camera are installed on his smartphone. The phone instantly reads the QR code, the money transfer will take place in a matter of seconds. It is faster than transferring money by account or card number.
What are QR codes?
Static and dynamic. The difference between them is that in the first case, the buyer will have to drive in the purchase amount manually, and in the second - not, because the code already contains this information:
Static code - QR sticker
This is a reusable code: it can be used for all purchases at your outlet. Only your details are encrypted in it, and the buyer will have to enter the purchase amount manually in their banking application.
Banks offer different ways to get this code. Some will generate it and send it electronically to the post office or print it right in front of you at the office. Others will allow you to create a code yourself in a banking application or personal account on the bank's website. You can print it and place it near the checkout.
A static QR code is suitable if you have a small retail outlet and not a very large flow of buyers. You just need to receive and print the QR code once, and then use it for all sales.
True, you will have to check every time whether the buyer entered the correct amount. But this is not difficult: the payment is processed in a few seconds, the cash register equipment will generate a receipt - and you can immediately make sure that everything is in order with the payment. If the customer is wrong, you can return immediately. In the case of payments through the SBP, the money will be returned to him literally in a second.
In addition, the banking app can usually set up instant push notifications for replenishment.
Dynamic QR Code
This is a one-time code that is assigned to each specific purchase. The dynamic code contains not only your details, but also the amount to be paid.
Many banks offer entrepreneurs to set up the easiest way to pay using a dynamic code - all you need to do is download a special banking application for business on your smartphone or tablet. If you already have it installed, it may be enough just to activate the function of generating dynamic QR codes on it. Check with your bank for the setup procedure.
In the application, you can generate a dynamic QR code online and display it on the screen of your gadget. And the customer reads this code from your screen. The bank employees will tell you in detail how to use the application.
The bank may also suggest reprogramming or replacing your payment terminals so that they generate dynamic codes after scanning items at the checkout. The code can be shown on the terminal screen or printed on a receipt and presented to the customer. But there may be a charge to reconfigure the terminal.
Dynamic code is convenient for large businesses with a large flow of customers. Such a code already includes the amount to be paid, so the client does not have to enter it manually, and the cashier does not have to check it. This saves time.
If you have an online store, the bank will help you embed a dynamic QR code into the payment page for goods on your website. The customer can read it directly from the computer screen. You can send the code to the client's personal account on your website or by e-mail. In any case, the payment will take the buyer less time than entering the card or e-wallet details.
You can choose which type of code suits your business. But you need to make sure that your bank provides such a service. The type of QR code does not affect the size of the commission, which will have to be deducted to the bank from each purchase.
What fees do banks charge for QR payments?
If the bank makes QR payments through the FPS, then it must comply with the tariff restrictions established by the Bank.
The tariffs in the FPS are the same for both regular and online stores. But they differ depending on what products and services you offer.
Fast payment system tariffs
Types of goods and services
The amount of the commission that the seller transfers to the bank
- Medical, educational, informational, transport, postal, insurance services
- Housing and communal services
- Consumer and FMCG
- Money transfers to the accounts of brokers, management companies, non-state pension funds
- Payments to charities
Other goods and services:
Up to 0.7% of the payment amount
Types of goods and services
The amount of the commission that the seller transfers to the bank
- Medical, educational, informational, transport, postal, insurance services
- Housing and communal services
- Consumer and FMCG
- Money transfers to the accounts of brokers, management companies, non-state pension funds
- Payments to charities
Other goods and services:
Up to 0.7% of the payment amount
Banks - members of the SBP, if desired, can set lower tariffs.
Banks that offer their own QR-code payment systems themselves determine the commissions that they take from sellers.
How to connect payment by QR code?
To get started, contact the bank where you have a business account. Find out if he can set you up to accept payments using QR codes.
Find out if the bank is connected to the FPS or if it conducts QR payments through its own system. Banks participating in the FPS can accept QR payments through the mobile applications of all other banks included in the FPS. If a bank has created its own service, it is important to find out which banks' clients will be able to pay using its QR codes.
Specify the fees that the bank charges for payments using QR codes, as well as the cost of other services - for example, the cost of integrating the QR payment module into your website.
If your bank does not yet provide such a service, study the offers of other organizations, compare them and choose an acceptable option.
How can I get the money back to the buyer if they return the goods?
When paying via FPS, you can transfer money back to the buyer's account in a few seconds.
If your bank has its own QR-payment system, you should clarify with him in advance the procedure and terms for refunding money to the buyer.
Are QR code payments suitable for self-employed people who do not have a business account? Can such payments be connected to a personal account?
Not yet. Currently, only individual entrepreneurs (IE) and legal entities that have a current account for doing business can set up the reception of QR payments through the FPS. For self-employed who are not registered as individual entrepreneurs, this option does not work yet, but may appear in the future.
