How to Create a Payment Link: Simplify Crypto Payments for Your Business with Inqud

Nov 29, 2024

5 min read read

Contents

What is a Payment Link?
How Do Crypto Payment Links Work?
Why Use a Payment Link for Your Business?
How to Use Payment Links
Key Benefits of Payment Links
How to Create a Payment Link in Inqud Account

The old ways of getting paid can be a total drag. If you're looking for a simpler, cleaner way to handle transactions, especially in the crypto space, then you've come across the right instruction. We're going to walk through how to create an online payment link through our Crypto Widget, and we promise, it's easier than you think.

What is a Payment Link?

A payment link is just a simple, clickable URL you send to your customers. That click takes them straight to a checkout page to pay you.

For any business, this is a huge step to more secure and convenient deals. You can create an online payment link and share it literally anywhere you can paste a link – social media bios, emails, messenger apps, you name it. It's an incredibly flexible way to get paid without needing a complicated website or any deep technical knowledge.

How Do Crypto Payment Links Work?

When you learn how to create a crypto payment link, you’re making a unique web address that's tied directly to your crypto wallet. Your customer clicks it and lands on a secure page. From there, they just use their own wallet to complete the payment.

Basically, you’re giving them a direct, secure pathway to pay you. They see the amount owed, pick the crypto they want to use, and – boom – the transaction is sent. It's fast, it's secure, and best of all, you never have to give out your private wallet details.

Why Use a Payment Link for Your Business?

Payment links cater to diverse business needs and scenarios:

One-time transactions: Ideal for businesses handling occasional payments in crypto.
No website yet? No problem! A payment link for business enables you to process payments directly, even without a fully built website.
Target multiple customer segments: Payment links allow businesses to create tailored links for different customer segments, enabling more personalization.
Fundraising and donations: Payment links simplify the donation process, making it straightforward for potential donors, and boosting fundraising campaigns' success.

How to Use Payment Links

Now for the practical part. How to set up a payment link to work? The possibilities are pretty much endless, but here are a few ideas to get you started:

Selling on social media? Just drop a payment link directly in your Instagram story, or Facebook bio.
Working as a freelancer? Sending a payment link to your client looks way more polished than just pasting your long wallet address in an email.
Raising funds for a cause? Payment links are an incredibly straightforward way for people to donate.
Making sales in person? You can have a QR code on your phone or a sign that leads directly to your payment link. So simple.

Anywhere you can share a link is now a place you can get paid.

Key Benefits of Payment Links

The benefits of payment links are hard to ignore.

No more high fees

Conventional payment processing fees can eat into your revenue. Crypto transactions, on the other hand, usually have much lower fees. This means more of your money stays where it belongs: with you. It’s a small adjustment that adds up to a big difference for your business.

Fast transactions

One of the most frustrating parts of running a business is the waiting for payments to clear. It can take days! With crypto payment links, funds tend to show up and get confirmed in just a few minutes. This gives you immediate access to your capital.

High-level security

Chargeback fraud is a constant source of stress for anyone selling online. Crypto transactions, once confirmed on the blockchain, are final. This completely removes the risk of someone trying to pull a fraudulent chargeback, offering a kind of security that traditional methods simply can't promise.

Effortless setup

Payment links eliminate the need for technical integrations, making it the perfect solution for small businesses, start-ups and individual entrepreneurs. This is one of the top benefits of payment links for businesses.

Boosted conversion rates

Research from the Baymard Institute shows that only three out of ten customers who add items to their cart complete their purchase. Online payment links can significantly reduce abandoned carts by offering a quick checkout option, increasing conversion rates for e-commerce businesses.

Open for business, worldwide

A crypto payment link makes your business instantly global. You can take a payment from someone halfway across the world just as easily as from your neighbor, all without wrestling with currency converters or international banking red tape. This opens you up to a whole new segment of customers who might not use traditional banks but are active in crypto.

Simplified bookkeeping

Instead of trying to make sense of a dozen different payment reports and bank statements, a platform like Inqud brings everything together. You get one clean dashboard to see all your incoming crypto payments. Suddenly, accounting and reconciliation become much, much simpler.

Perfect for testing

Whether you’re trying out the business idea or handling one-time transactions, payment links are a flexible, hands-on solution. You can start accepting payments immediately with minimal financial investment.

How to Create a Payment Link in Inqud Account

Ready to give it a shot? We’ll show you just how to create an online payment link using an Inqud account. It’ll take just a minute.

1. Access the Inqud platform and enter your account.

2. Go to the Crypto Widgets section.

3. In the Widgets area, install a widget.

4. Select Payment Links, follow the steps to create a payment link.

5. Copy and send the payment link to your customers to complete the payment.

Monitor and manage all your payment links directly in the Inqud dashboard, ensuring full control over your transactions. It really was that easy.

Now you can create an online payment link for whatever you need, as we said, with Inqud’s Crypto Widget it’ll take just a minute.

Industries

IMB

Products

Crypto widget

Do I need a website to use a payment link?

Not at all, and that's one of the best parts about them! You can share your link anywhere online – social media, email, a text message, wherever you talk to your customers.

Can I reuse a payment link?

You sure can. You have the option to create a link for a fixed price that can be used over and over, which is perfect for a standard product. Or, you can generate a fresh, single-use link for a custom invoice.

What cryptocurrencies can I accept through Inqud?

Inqud supports a whole bunch of the most popular cryptocurrencies out there. You’ll always see the full list of available options right on the screen when you're creating your payment link.

How quickly do I receive the payment?

Crypto payments generally get confirmed on the blockchain within just a few minutes. That means the funds arrive in your wallet way, way faster than a standard bank transfer.

Is it difficult to learn how to create a crypto payment link?

Absolutely not! If you can fill out a simple online form, you already have all the skills you need. You now know how to generate a payment link with Inqud.