Payment links are an easy way to receive payments remotely without customers having to use a card machine. It’s also a life-saver for merchants starting to sell remotely, or for any impromptu sales agreed on the phone, social media, online or in person. You don’t need a website to accept payments via these links.
Depending on the merchant provider, you may be able to send a pay button via email, text message or social media. Fees for these transactions will be higher than for card terminal sales, given the fact that card details are entered manually rather than confirmed physically in a card reader.
There’s still a big difference in the kinds of costs involved in payment links, as we shall see below. Moreover, pay by links (different term, same thing) work slightly differently with each provider. We’ll cover that in this overview of the best payment links for small businesses in the UK.