How to Set Up a QR Code for Payment – Step by Step Guide

From e-commerce to pop-up artisan markets, plumbing services to beauty salons, QR codes offer businesses and their customers an ultra-quick and easy payment method. It’s no wonder that QR code payments are set to reach $8tn globally by 2029.

If you are wondering how to get a QR code for your business, Noda can have you set up within minutes. Powered by open banking, Noda QR code payments bring ultimate efficiency and instant, cashless transactions to your business.

Read on to find out exactly how to set up a QR code for payment. 

What is a QR Code Payment?

QR codes have become an everyday sight for most of us – the small squares packed with a 2D matrix barcode, that feature everywhere from utility bills to promotional flyers to hotel check-ins. They can be scanned with smartphone cameras, which have in-built technology to read, decode and convert the information to direct users to a specific web browser.

How QR codes work for payment is by directing users to a secure web-checkout page or payment portal, where users choose their payment method (e.g. digital wallets, payment apps, cards, banking).

QR codes are merely an intuitive user interface, however. Payments are processed via a third-party provider and functionality depends on the tech and software systems that provider uses. When the QR code payment provider is an open banking platform like Noda, customers are directed to their banking app, enabling instant bank payments.

Read more about choosing the best QR code payments app.

Why Choose Noda for QR Code Payments?

QR code payments supported by open banking enable the optimum process, for both merchants and customers.

With Noda’s open banking-powered QR codes, there’s no set-up fees and no costly card terminals or additional hardware maintenance – just instant bank transfers directly from the customer’s account to yours. Meaning you bypass expensive percentage-based card fees and slow settlements. 

Plus, our ultra-low fixed fees (per transaction) are amongst the most competitive on the market.

Simply display your business QR codes in-store*, on printed materials or on your device for fast, hassle-free transactions. You can integrate with your existing point-of-sales (POS) systems or utilise Noda as your entire payment ecosystem. 

Sounds good, right? So how do you set up a QR code for your business?

(*offline QR code payments are available to UK customers. Generating an instant payment link that can be shared via chat/WhatsApp/SMS/email offers the same convenient payment solution for customers outside the UK)

Step-by-Step Guide to Setting Up QR Code Payments

Step 1: Sign Up with Noda

Noda’s secure and reliable payment gateway lets you harness the power of open banking and boost your business. Our QR code payment setup means you can enjoy:

• Bank level security
• Super-simple customer experience
• No-code and no technical skill required to set up a QR code
• Omnichannel commerce with no integration
• Global coverage with online QR codes, for seamless cross border transactions

As well as QR code payments, we have an extensive product suite, including our unique data enrichment service for invaluable user insights.

Your dedicated Noda team member will take you through our seamless on-boarding process, enabling you to have a QR code set up within a day. Here’s how:

Step 2: Generate Your QR Code

• Log in to your Noda dashboard and navigate to ‘QR codes’.
• Enter the transaction price (or let your customer enter the details on their smartphone).
• Create a QR code.

Step 3: Display Your QR Code

• UK based customer: Place the QR code on invoices, in-store QR stands, printed materials such as flyers and business cards, on mobile devices, or share on your website or via email/chat/SMS etc.
• Non-UK customers: Display on your web-check out pages or create a shareable payment link to send via email/chat/SMS etc.

Step 4: Customer payment process 

• Customers scan the QR code.
• Routed to their banking app to confirm and authorise the payment.
• Funds are transferred to your account; you receive an instant payment notification.

Step 4: Integrate with Your Payment System

To set up QR codes for payment processing with Noda requires zero technical skills and no development or integration.

However, if you want to merge QR code payments with your customer relationship management (CRM) system, inventory management, loyalty programmes or existing POS, our APIs and front-end components ensure frictionless integration.

Best Practices for Using QR Code Payments

Knowing how to create a business QR code means your customers can scan, pay and go. It enables you to take instant payments while out and about, like pop-up markets or trade fares, or offer an on-the-spot payment solution for mobile services like plumbing jobs or at-home beauty treatments.

To make the most of your versatile payment solution, here are some tips on how to use QR codes:

• QR code positioning: Position QR code stands directly at the check-out counter or other prominent places in-store, have your mobile device ready for customisable on-site payments, and ensure your QR codes are noticeable on any printed materials.
• Customer Education: Paying by QR code is very straightforward, but have clear, simple guides to help customers understand QR code payments if needed.
• Promote QR Code Payments: Promote via your marketing channels and highlight the benefits. Offer discounts or loyalty points for using QR codes.
• Ensure Security: Choose a secure QR code payment provider like Noda and regularly update your tech to prevent security breaches.
• Integration with Other Systems: Integrate QR code payments with CRM, inventory management, or loyalty programs for better insights and efficiency.
• Test and Update: Test and update your QR code system to ensure optimal performance and security.

Start Using QR Code Payments Today

 QR code payments offer an easy way for businesses to facilitate quick cashless transactions, enhancing both customer experience and operational efficiency. At Noda we’ve made it as simple as possible to set up a QR code for payment processing, so you can generate your codes and start accepting QR payments within seconds.

Enjoy the benefits of instant bank transfers, ultra-low fixed fees, and the elimination of costly card terminals and hardware maintenance, while meeting customer demand for convenient contactless check-outs.

Sign up with Noda today and start experiencing the advantages of a secure, efficient, and globally supported payment solution.

For business based in the UK, you can find out more about in-store QR codes on our dedicated page.