How Startups Can Accept Online Payments in UAE?

Beginning an online business has never been as worthwhile as it is today. The quantity of new businesses in the digital space has developed significantly over the recent years. Some may state it’s a prevailing fashion, yet we have faith in the pioneering soul of UAE. It’s an incredible chance to begin an online business, particularly since UAE is grasping digital payments to an ever increasing extent.

Startup business visionaries for the most part center around different business angles like structure an alluring and useful site, guaranteeing the gracefully chain is solid, and that’s just the beginning. Be that as it may, aside from these, online organizations ought to likewise concentrate on the most ideal approach to gather payments.

Online digital payments can be acknowledged by organizations through numerous ways, each with its own arrangement of favorable circumstances and difficulties. The key channels are:

1) Integrating with a bank’s payment gateway – A payment gateway provided directly from a bank (also called a second party payment gateway) allows online businesses to process payments via debit cards, credit cards and net banking and is supported through platforms such as Visa, Mastercard, among others. 

From the cost angle, organizations should pay an underlying arrangement charge and exchange expenses or TDR (Transaction Discount Rate), which is a level of the exchange an incentive for all exchanges prepared through the passage.

While the whole system looks straightforward in principle, integrating with a bank’s payment gateway is often challenging and tedious for startups.

2. Integrating with a third-party payment gateway – 

A simple and effective approach to process online payments is through an outsider payment door. Such payment portals additionally gather TDR on exchanges while arrangement expenses might possibly be relevant, contingent upon the solution provider

Similar to banks, these gateways also facilitate payments made through debit cards, credit cards and netbanking. In addition to this, many solution providers, like Foloosi, also allow merchants to process digital payments through multiple channels like prepaid digital wallets and recently, and several digital wallets. This way, online businesses have the agility to accept payments through practically every online digital mode.

While by all accounts, third-party payment gateways appear to be like bank payment portals, they are in truth unmistakably more easy to understand, open and simple to coordinate, particularly for first time new businesses.

Accepting payments beyond a payment gateway

Setting up an payment gateway works for online organizations that have a site or an application. In any case, imagine a scenario in which you don’t. Does that mean you won’t have the option to acknowledge digital payments? Nothing could be farther from reality.

Foloosi offers solutions for businesses to accept payments even without a website or an app. Here’s how.

Get paid instantly with Payment Links

If you don’t have a website or an app, you can easily create a Payment Link from your Foloosi Dashboard and send it to your customers via email, SMS, messengers, chatbot, etc. 

Indeed, even with a Payment Link, your client can look over a plenty of choices to finish the payment. Foloosi Payment Links can be utilized by organizations without a site, just as organizations with a site that require another payment strategy. It is a keen method to gather payment, which accompanies highlights like mass transfer and incomplete payments.

Foloosi’s Payment Link

Merchant, individuals etc can accept payments from customers just by sending a link. They can share payment link via SMS, Email, messenger etc and can get paid instantly.

  • Instant account activation
  • Get paid instantly- Get money in your bank account instantly
  • Accept every payment- Get paid using credit card/debit card, net banking, UPI

How to accept payments using “Payment Link?

Create a payment link via API or dashboard- To create a payment link details like customer’s name, amount, phone number, Email are required

Share the payment link via Email or SMS

  • Now customer pays through online payment- They can pay using credit/ debit card, net banking, online wallet, UPI etc
  • Notification is received once the payment is completed

PAYMENT LINKS FOR YOUR BUSINESS

BUSINESS WITHOUT WEBSITE

It is not necessary to worry about that you need not have any website/ app for selling. Make your customers pay online just by sending payment links.

ALTERNATIVE PAYMENT OPTION

You can substitute payment link for cash on delivery and point of sale payment methods in your business

SOCIAL MEDIA SHARING

You can give your customers a quick check out option by sharing payment link over social media platforms like Facebook, Instagram, whatsapp etc

We also provide the following features in our “Payment Link” Platform

PERSONALIZE

You can customize the payment request page from your dashboard to extend your brand

API DRIVEN

Our powerful APIs helps to automate the generation and collection of payments for all aspects of payment links

DASHBOARD REPORTS

Use the real time data and reports available on the dashboard to take business decisions

INVOICES

You can send your customers Invoices with item level details to accept online payments through debit/ credit card, net banking, UPI etc

SUBSCRIPTIONS

You can offer your customers subscription plans with automated recurring transactions on various payment modes

Thus make use of “Payment Link” provided by Foloosi and get paid instantly in a safe and secure manner

Accept payments for your business using Foloosi’s QR code

QR code

A QR code (quick response code) is a type of 2D bar code that is used to provide easy access to information through a smart phone. In this process, known as mobile tagging, the smart phone’s owner points the phone at a QR code and opens a barcode reader app which works in conjunction with the phone’s camera.

Where QR Code can be used?

QR codes can be used for anything and everything. They are also beneficial for both customers and businesses. 

  • Events/ Airline tickets
  • Mobile coupons/Loyalty cards
  • Mobile Payments etc

Static QR code

Static QR Codes are QR Codes that can’t be changed once they are made. These are, for instance, email and content Codes, which don’t accumulate any tracking measurements.

What is a Dynamic QR Code?

While Static QR Codes contain fixed data, Dynamic QR Codes have the likelihood to be altered after fruition. Both the kind of QR Code and the substance are editable the same number of times varying. They utilize a short URL to send clients to the point of arrival of your craving just as screen measurements for data, for example, the number of scans, location and operating system used.

Depending on your needs, both QR Codes are useful

While Static QR Codes are not ideal for the business or marketing world due to their lack of adaptability, they do function well for personal use because you are likely not tracking your campaign metrics. Nonetheless, if you do use a Dynamic QR Code for personal use, at least the information is still always editable. 

Advantages of using Dynamic QR codes

Monitor important statistics

The most compelling motivation why you would choose a Dynamic QR Code is that you can gather all the tracking data from it. These incorporate measurements, for example, when and where it was scanned, just as the working arrangement of the gadget utilized. These are the key components to getting whether your promoting effort has been effective. This allows you to make necessary adjustments to improve the campaign based on this data.

Add or change information easily

A second critical advantage of Dynamic QR Codes is that you can alter then after they’ve been printed. Let’s assume you add another point of arrival to your site, you’ve chosen to change from composed substance to a video or you need to add additional data to the QR Code. The entirety of this is variable anytime and the same number of times as you need, which sets aside both time and cash.

Possibility to fix mistakes

Possibly the connection you’ve added to the first QR Code was an inappropriate one? Or then again an inappropriate PDF was given for download? Dynamic QR Codes eradicate any kind of stress with regards to mistakes, indeed because of their editability. Rather than making a totally new Code, basically alter the Code to fix the slip-up and issue solved!

Foloosi and QR code

Merchants can accept payments using QR code of Foloosi app; allow your customers to make payment in an easy way. Customers can make payment just by scanning the QR code

  • Open the Foloosi app
  • Tap on ‘scan’ to open the QR code scanner
  • Hold your phone over a QR code so that it is clearly visible within the scan area.
  • It’s done!

Foloosi app supports both static and dynamic QR codes where as a dynamic QR code provides the ability to change the destination address to which the QR code redirects to. With dynamic QR codes, reprinting of the code is not necessary after changing the address. 

Unlike dynamic QR codes, static QR codes point out to fixed address. A static QR code does not allow changing the destination that the QR code resolves to when scanned. 

Special feature of Foloosi ‘s QR code:

Static/ Dynamic

In static QR code customer has to enter the amount to be paid to the merchants after scanning the QR code whereas in dynamic QR code of Foloosi the amount to be paid will be entered automatically and the customers are taken directly to the payment page. 

Also, we have single and multiple QR code options. Using single  payment option QR code can be used only once that is for one customer whereas multiple payment option helps to send a single QR code to N number of customers. 

Foloosi - UAE QR Code Payment

Make use of Foloosi’s QR code for your business to accept payments and take your business to greater heights

Foloosi – New Update in Design

With this update, Foloosi aims to substantially grow its money transfer business

At a time when the digital payments space is undergoing major changes in UAE, Foloosi has revamped its website/ app to make it more user-friendly and intuitive.

The new update personalizes the app experience for the user, showcasing frequent use cases at a customized level. As a result of the upgrade, payments are now simpler and faster.

Foloosi helps the retailers in UAE to accept payments using QR code without the need of any POS machine. Folossi provides the following for the retailers.

  • No payment fee
  • No Setup fee
  • No need of any infrastructure
  • No annual fee

We have revamped the website and presented all the information in snapshots. We are very excited to introduce the new revamped interface on Foloosi App/ website. In continuation of our constant effort to provide our customers with the best user experience, the new design is refreshing and has upgraded to some of the most important flows.

We have introduced the first and foremost payment option called “Payment Link” which can be benefitted by the merchants and individuals to get their payments using payment link though they don’t own any website to sell their products.

Foloosi Technology   Payment Gateway UAE   Online payment Gateway   Merchant Services

Our offline payments have also scaled as we pioneered Foloosi QR, enabling merchants to accept payments directly into their bank accounts by scanning the QR code. Also Foloosi helps retailers in UAE to accept payments via Foloosi payment gateway.

Thus we have revamped the website aiming at exponential growth and spreading the digital space throughout UAE.

This improves the shopping experience and consequently customer loyalty and retention.