PayLink for Business: how Can Sole Proprietorships Accept Payments?

PayLink helps businesses accept payments for sold goods or provided services. And there is no need to have your own website for this.

The process is simple: a sole proprietor creates a link that the client follows to confirm the payment. Funds are transferred instantly and, most importantly, securely for the consumer.

To understand the advantages that a Sole Proprietorship gains from the payment service, let's take a closer look at its features and operating principles.

What is PayLink in Ukraine?

PayLink is an online platform that accepts and quickly processes payments. With this service, you can easily generate a link for instant money transfers.

Connecting PayLink to a Business

Using PayLink, you can create either a payment link or a QR code. Simply scan it on a smartphone and proceed directly to the transfer.

The electronic link or QR code can be sent to consumers through various communication channels. These may include WhatsApp, Viber, or SMS. A separate link is created for each transaction. The store's client pays via bank card. The entrepreneur receives the funds directly to their business bank account.

Advantages of Using PayLink

• no need for the entrepreneur to create and maintain their own website;

• convenience: the client easily and quickly makes a payment by following the link or scanning a QR code;

• secure money transfers: the service uses secure payment protection protocols;

• time-saving: transferring money takes only a few minutes and is done remotely;

• integration with various systems for automating the payment process;

• convenient customer service: the payment amount is instantly sent to the terminal;

• no cashier errors: no more manually entering the amount for each transaction;

• compliance with Ukrainian legislation on payment fiscalization;

• compatibility with various Ukrainian banks;

• support for different payment methods and currencies.

How to Connect PayLink to POS Terminals?

With the PayLink application, a physical bank terminal device can be connected to any CRM system. After successful integration, card payments for services or goods are received directly to the entrepreneur’s business account. Most importantly, all data from the electronic payment method is automatically duplicated in the ECR fiscal receipt.

To use PayLink, you need to download and install the application on a computer, connect it to the website, and configure the POS terminal.

Steps for Setting Up PayLink:

With the PayLink app, you can connect a POS terminal to ECR software, perform instant cashless payments, and issue fiscal receipts.

After connecting the POS terminal (acquiring), the entrepreneur can directly accept card payments from clients. PayLink works with most Ukrainian banks, with the list continually expanding.

PayLink is a service that benefits the seller and is convenient for the client. It provides direct access to the payment system, automates transfer processing, and simplifies and speeds up payments for goods or services.

With this service, businesses can scale, offer various payment types, increase transfer volumes, and effectively manage financial flows.