Term – QR Code Payments
Summary – QR stands for Quick Response which is a payment that requires no contact. QR code payments utilize a barcode which is scanned by a smartphone or tablet and allows a customer to easily pay for their transaction. QR code payments are able to be used in traditional merchant processing and even a cash discount program. This payment method is gaining in popularity as more and more consumers learn how to utilize QR code payments. Some restaurants even print a QR code on the receipt to allow you to pay more conveniently.
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