QIX -Pay
Canada
Connecting Billers & Payers
The Merchant Side
POS Machine? For what? QR Codes makes POS machines obsolete, specially for small businesses. If Jack Dorsey was to launch Square today, he won’t be using a Card Reader or POS machine. QR code does all a POS can do and without the costs and more efficiently.
All Payment Methods. QR code enables 'interoperabilty’ and can support non-card payment methods such as Zelle, Paypal, Venmo, FedNow etc.
BNPL Connects. In future, seamless integration to BNPL (Buy Now Pay Later) providers (Lenders) enable merchants sell more.
The Customer Side
‘KYM' - Know Your Merchant. Card systems are beset with frauds arising out of transactions the customer does not know about. On QIX the customer pays 'explicitly’ to merchants that he knows. If there can be KYC, then why not KYM.
App Not Mandatory. The Customer can use any QR Code Reader to make a payment. The App does provide significant benefits, though.
Integrated Lending. BNPL integration provides seamless options to finance a purchase which otherwise the Customer may not be able to make.
QR code will change the way card payments are done.
North America is a greenfield market for QR Code and it can take card payments to markets hitherto unaddressed.
QIX leverages QR codes to simplify card payments and takes them to hitherto unaddressed segments of the market. It cuts costs, increases efficiency and expands the market.
QIX is result of out-of-the-box thinking leading to creation of an out-of-the-ballpark solution.
Merchant Side
Merchant On-boarding. Merchant will be onboarded with QIX2Pay and their Account
Credentials will be registered with Stripe.
Merchant App. Merchant will have a
QIX2Pay app downloadable from Gpay
(iTunes store later).
New Payment. Merchant will enter the
transaction amount on the Merchant App.
The Merchant can (optionally) enter Invoice No.
and/or upload an Invoice File.
QR Code. The app will generate a QR Code which
the Customer can use to make a payment.
Transaction Confirmation. The Merchant will see the
Transaction Confirmation on this app.
Settlement. The monies will be paid in the
Merchant’s Bank Account directly by Stripe.
Customer Side
App Not Needed. Customer does not need to
download any app to make a payment.
QR Code Reader. They can use any QR Code reader.
The link takes them to a webpage hosted by Stripe
where the Customer makes the payment.
Card-on-File/Token. Customer has an option to store
card data with Stripe (with Token Option) for future use.
Customer App. In future QIX2Pay will offer a customer
app which will provide the ability to:
Scan Paper Bill and make a payment
Set-up and process Recurring Payments
Recall Payments History
View/share Merchant Invoices/Bills
The Generic App
Simple Collection App. The simple collection app allows the
basic functionality:
Specify the Transaction Amount
Generate a QR Code which the
Customer can read using any QR
Code Reader to make a payment
Payment is processed by Stripe
Settlement is made by Stripe
directly to the Merchant
Reference Document. The Merchant can provide an Invoice
Reference No and/or upload an Invoice which the customer
can use for reference.
Transaction History & Reporting. The app provides basic
functionality for reporting. All these reports can be
downloaded as JSON or XML or CSV files.
The Temple Use-case
Religious Donations Use-case. While the generic use-case can
work for religious institutions, QIX2Pay provides specific
functionality for this segment.
Specific features.
The donor can specify the amount privately
on their own device
The donor can remain anonymous
QR Codes can be provided at multiple sites on the location
Ability to define Recurring Donations for events such as
Death Anniversaries, etc.
Price List for specific procedures such as Ganesh Pooja etc.
Next Use-cases
Handymen
Dogwalkers
Babysitters
Nurses
Home Services
Open Definition of Service Categories. Service Categories can be added as needed.
Service Category Definition. The Service Category definition includes:
Regulatory Documentation needed such as Licenses etc.
Service Measurement Metric can be Hourly, or Per Occurrence
Monthly/yearly Contract Options with
Defined Free Services Included
Features.
Service Scheduling across multiple Customers
VoIP calling with the Customer.
Sending the invoice to a Remote Payer enabling remote payments
Food Truck / Cart
Menu Card Definition. Merchant can define their offerings menu.
Order Ahead and Pick-up.
Customer can browse the menu and place an order.
Customer makes the payment.
Customer picks-up the paid-for order from the Merchant location.
Customer can provide approximate time of pick-up.
Speak-out. The device speaks-out transaction confirmation so it can work in unattended mode.
NFC Tap-n-Pay
In the next version, QIX will support NFC tap-npay, if the Merchant has an Android device with NFC capability.
Merchant:
No POS Machine needed
Merchants can accept cards using QR codes. QR code can be static/printed (customer enters Transaction Amount), or, dynamic (includes Transaction Amount). No need for POS hardware. Monthly saving of $250-750 (or even more).
Support for Non-Card Payment Methods
As non-card payment methods such as Fednow, Paypal, Venmo, Zelle etc., find more and more acceptance, in future QIX will provide merchants with these options.
Seamless Integration to BNPL Providers
Merchant can provide customers the option to make installment purchases using BNPL (Buy Now Pay Later) options from various banks and lenders. This can often lead to increased sales as customer can now find immediate financing.
Customer:
KYM – Know Your Merchant
Know who you are paying before you make a payment and the payment itself, is something that you make explicitly. We don’t debit your card. You debit it to make payments – which pretty much means no frauds.
Support for Non-Card Payment Methods
Don’t pay credit card fees and charges if you don’t like. Pay using your bank account using Paypal, Venmo, Zelle etc.
More payment options. More flexibility. Store Bill Copy .
Need to submit the invoice/bill for expense re-imbursement claim to your employer?
We make life easy for you. If the merchant has not sent it already, you can scan and store a copy of the bill for future reference.
Seamless Integration to BNPL Providers
Merchant can provide customers the option to make installment purchases using BNPL (Buy Now Pay Later) options from various banks and lenders. Customer can now purchase what they otherwise could not.