QR Payment Solution
QAAR offers a robust, seamless, and efficient QR code payment solution designed to upgrade your payment operations. Our system eliminates the inefficiencies and costs of legacy settlement processes, providing merchants with faster, more secure, and cost-effective FCA-regulated Open Banking payment processing.
How It Works
- Customer scans a unique QR code at checkout using their mobile device.
- Payment is processed instantly and securely through their banking app, with no need for cards or intermediaries.
- Funds are settled immediately, reducing waiting times and fees for merchants.
Benefits
- Faster transactions and settlements
- Significantly lower transaction fees
- Easy integration for merchants
Traditional vs. QAAR QR Payments
| Feature | Traditional Card | QAAR QR Payment |
|---|---|---|
| Speed | 1-3 days | Instant |
| Fees | High | Low |
| Security | Moderate | High |
| Integration | Complex | Easy |