Guides
Oct 30, 2024
Are Your Payments Stuck in the Past?
In a world that's increasingly digital, customer expectations for payment convenience are soaring. Relying solely on cash or traditional card terminals can limit your reach, slow down transactions, and even deter potential customers. Modern businesses need modern solutions.
Lytz understands this shift. That's why we offer a suite of innovative digital payment methods – Static QR Codes, Payment Links, and Dynamic QR Codes – designed to make accepting payments effortless, instant, and completely free of transaction fees. With Lytz, you're not just adapting to the future; you're building a more efficient and profitable present.
The Evolution of Payment Acceptance: Why Digital is Essential
Traditional payment methods often come with drawbacks:
Cash: Handling, security risks, reconciliation headaches, not suitable for online.
Card Terminals: Equipment costs, monthly fees, slow processing, reliance on physical presence.
Bank Transfers: Manual, slow, prone to errors, difficult to track.
Digital payment methods solve these pain points by offering:
Speed: Transactions completed in seconds.
Convenience: Pay with a smartphone, anywhere.
Security: Encrypted and traceable transactions.
Cost-Effectiveness: Often lower fees, or in Lytz's case, 0% transaction fees.
Reach: Accept payments from customers globally, online or offline.
Lytz's Versatile Payment Acceptance Suite:
Lytz empowers your business with three powerful ways to get paid, all linked to our core promise of 0% transaction fees and instant settlements:
Static QR Codes: Effortless & Always Ready
What it is: A unique, unchanging QR code for your Lytz business account.
How it works for you: Display it prominently in your physical store, on invoices, business cards, or even your website. Customers simply scan the code with their Lytz app (or any compatible QR scanner), enter the amount, and confirm payment.
Benefits for your business:
Zero Setup Cost (No Hardware): Just print and display.
Versatile: Use anywhere you can place a physical code.
Fast Checkout: Speeds up transactions, especially for walk-in customers.
Always On: Ready to accept payments 24/7.
Ideal for: Cafes, retail shops, street vendors, service providers, salons, small businesses.
Payment Links: Sell Anywhere, Get Paid Instantly
What it is: A unique, shareable URL that directs customers to a secure Lytz payment page.
How it works for you: Generate a payment link for a specific product, service, or custom amount. Share it via email, SMS, WhatsApp, social media, or embed it on your website. Customers click the link, enter their details, and complete the payment.
Benefits for your business:
No Website Needed: Perfect for freelancers, social media sellers, or businesses just starting online.
Remote Sales: Ideal for invoicing clients, collecting payments over the phone, or selling through direct messages.
Recurring Billing: Set up links for subscriptions or installment payments.
Easy Tracking: Monitor link performance and payment status.
Ideal for: Freelancers, consultants, online service providers, social media marketers, small e-commerce sites, event organizers.
Dynamic QR Codes: Integrated & Seamless Point-of-Sale
What it is: A QR code that changes with each transaction, automatically displaying the precise amount due.
How it works for you: When integrated with your point-of-sale (POS) system, a dynamic QR code is generated for each specific purchase, pre-filled with the exact bill amount. Customers scan and confirm, ensuring accuracy and speed.
Benefits for your business:
Error-Free Transactions: Eliminates manual amount entry, reducing human error.
Rapid Checkout: Significantly speeds up queues in busy retail environments.
Enhanced Security: Unique for each transaction, adding an extra layer of security.
Streamlined Reconciliation: Easily matches payments to specific sales.
Ideal for: Retail stores, restaurants, supermarkets, high-volume businesses.
The Lytz Advantage: Free, Instant, and Flexible
Beyond the versatility of these payment methods, Lytz ensures that every payment you receive is:
0% Transaction Fee: Keep 100% of your earnings from the sale.
Instant: Funds are available in your Lytz account immediately.
Secure: Lytz prioritizes the security of every transaction and user data.
With Lytz, your customers enjoy a seamless, modern payment experience, and your business benefits from enhanced cash flow and reduced costs. Whether you're a single entrepreneur or a growing enterprise, Lytz empowers you to accept payments your way.
