There are mixed signals around the internet about what a ‘payment link’ is.
In essence, a payment link is any link or button a person can click on within an internet browser, text message, email, app or social media in order to pay a specified amount of money online to a specified receiver.
There are different, very similar terms for this depending on the payment provider offering the option, including:
- Payment link
- Pay by link
- Pay button
- Payment button
The problem is that each can mean a different thing to different providers. Let us take some examples, highlighting the different ways the types of payment links can work.