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Faspay - The QRIS ShopeePay feature is now available and ready to be used by business owners connected to Faspay services. With the ShopeePay QRIS feature, business owners will find it easier to process cashless payments. So, what exactly is QRIS ShopeePay and how can it benefit your business? Here's a complete explanation.
What is QRIS ShopeePay?
QRIS (Quick Response Code Indonesian Standard) is a QR Code payment standard set by Bank Indonesia. With QRIS, anyone can make digital payments through e-money applications, digital wallets, or mobile banking using a single QR Code.
For businesses, this feature helps automate and streamline transaction records in real-time, making financial and administrative processes more efficient. One of the platforms using this feature is ShopeePay.
ShopeePay add QR Code payments as a payment method, making it easier for Shopee customers to complete online purchases without the hassle of using cash. Shopee, as one of the largest and most popular e-commerce platforms in Indonesia and Asia, has integrated this payment method into its system.
Therefore, QRIS ShopeePay is a payment method within the Shopee app that uses QR Codes. In addition to ShopeePay, businesses can also receive online payments through other digital wallets such as GoPay, LinkAja, and DANA.
Also Read : Perbedaan QRIS ShopeePay dan ShopeePay Jump App
What is the Function of QRIS ShopeePay?
The presence of ShopeePay QRIS not only benefits buyers but also sellers. The QR Code ShopeePay offers several functions that you should know.
Here are some functions of QRIS ShopeePay:
- A cashless payment tool based on QR Code.
- A fast, easy, and practical payment tool.
- A secure payment method as it eliminates the risk of counterfeit money.
- QRIS serves as a legal payment tool under Bank Indonesia and the Financial Services Authority (OJK).
- A payment method integrated into e-commerce apps, especially Shopee, making it easier for Shopee users to make transactions.
How QRIS Works When Connected to a Payment Gateway
Now that you understand what QRIS ShopeePay is, let’s discuss how it works, particularly when connected to your app or website. This is where a payment gateway plays a crucial role, acting as a bridge between your online store and the QRIS payment method.
Faspay, for example, is a payment gateway company that is connected to various payment channels in Indonesia. Faspay also provides QRIS payment methods, which have become widely used recently.
Here’s how the transaction flow works using the QRIS payment method through Faspay:
- The buyer checks out on the merchant's app or website and selects the QRIS payment method.
- The app/website owner or merchant requests QRIS creation from Faspay.
- Faspay generates and sends the QRIS code to the merchant.
- The QRIS code is displayed on the merchant's platform, with each transaction generating a unique QRIS code.
- The buyer or user then scans the displayed QR Code to make the payment.
Both users and merchants benefit from the QRIS payment method. Users can easily pay by scanning the QR Code.
Here’s the process for making payments via QRIS:
- Checkout on the merchant's platform and select the QRIS payment method.
- Open an app that supports QRIS payments, such as e-wallets or mobile banking.
- Tap “Scan” on the app and scan the QR Code displayed by the merchant’s platform.
- Verify the transaction details, and if everything is correct, enter your PIN or use your fingerprint to complete the payment.
- The QR code scan is successful, and the payment is processed.
The ease of using QRIS is one reason many platforms have added this payment method. Moreover, with the increasing use of e-wallets and mobile banking, QRIS is becoming even more accessible.
Also Read : Transaksi Online Lebih Mudah Bayar dengan E-Money Alat Pembayaran Kekinian
Benefits of QRIS ShopeePay
The QRIS feature provides benefits for both customers and business owners. Customers can make payments more flexibly, based on the funds available in their digital wallets.
Customers can also pay easily by scanning the QR Code and paying. From the business owner's perspective, it also increases potential profits by adding a new payment channel.
Other benefits of using QRIS include lower transaction fees compared to other online payment channels, as the QRIS fees are standardized by Bank Indonesia. Additionally, QRIS transactions are faster and more efficient.
With ShopeePay's QR Code, customers often receive cashback without a minimum payment requirement or additional fees. This makes transactions easy, whether for shopping, paying for food, buying tickets, donating, and more through the Shopee e-commerce app.
ShopeePay QRIS has become one of the most widely used digital payment tools in Indonesia. Currently, ShopeePay has over 10 million active users.
Reach More Customers by Registering for ShopeePay QRIS on Faspay Payment Gateway
Faspay makes it easy for businesses to register and integrate the QRIS payment method quickly and securely, all while ensuring compliance with Bank Indonesia's standards. Faspay is also a licensed QRIS provider, supervised by Bank Indonesia.
Here’s how to register for the QRIS payment method for your online store through Faspay:
- Fill out the registration form with your business information, including the name of the business, website, or app. You can access the registration link [here].
- After completing the form, you will receive an email from the Faspay Acquisition team within 1 business day.
- As a potential merchant, you will need to provide supporting documents based on your business type (Legal Entity or Individual Business).
- Once the documents are complete, proceed with the KYC (Know Your Customer) process, followed by integration. Integration is not required for the Faspay Billing product.
- After completing this process, you will receive user credentials, which means your store is ready to use Faspay services, including QRIS.
That’s a complete explanation about QRIS ShopeePay its functions, how it works, and the benefits for every business owner.
Essentially, QRIS ShopeePay is a payment method through QR Codes in the Shopee e-commerce app, offering ease for customers in making transactions. Furthermore, QRIS can accept digital payments from various e-money apps, mobile banking, and more.
Interested in using it? Maximize your business payment channels by registering for QRIS ShopeePay. For more information about the QRIS ShopeePay feature, contact Faspay’s Acquisition team at sales@faspay.co.id.
Also Read : Mengapa Perlu Menggunakan QRIS untuk berbisnis? Berikut Alasannya!
You can also register as a Faspay merchant now to enjoy the ease of online transactions using QRIS or Quick Response Code Indonesian Standard as your payment method.
