Banking

Pay by link – what is it? Definition of the term

14 November 2022

You’re probably wondering what pay by link is in online marketing and how it works and if it’s actually a beneficial solution? We answer all your questions.

What is pay by link? Definition of the concept

Pay by link is nothing more than a type of payment that can be used in e-commerce. This payment is based on the fact that the customer buys a product or service, the price of which is transferred directly to the seller’s account. This solution is very popular among online merchants because it is very convenient and easy to use. Pay by link payment is fast and secure, which is why more and more people are choosing to use this form of payment.

How does pay by link work?

Pay by link is a convenient online payment method. It allows the payer to send payment directly to the recipient’s account. The payment is made through a link that is sent to the payer. The payer clicks on the link, goes to the payment page and makes the payment. The payment is then transferred to the recipient.

Pay by link is a very convenient payment method for both parties. The payer is guaranteed that the payment will reach the recipient, and the recipient is assured that he will receive the payment. Pay by link is fast and easy to use. This makes it an increasingly popular choice for payers and recipients.

Pay by link – advantages of using it

Pay by link is a very convenient form of payment that is increasingly used by companies. Pay by link allows payment directly from a link that is sent to an email address. The customer can conveniently pay for a product or service without leaving home. Payment by link is secure because the payment is made through an encrypted connection. Payment by link is also convenient because you don’t have to have a credit card or pay in cash. Payment by link is very convenient and secure, so more and more companies are choosing to use it.

Author

Dudley Dean

As Dudley Dean, I've spent countless hours dissecting and elucidating the intricacies of the financial world for our readers at Chenbro.eu. My journey began in the bustling world of finance, where I quickly developed a penchant for making complex financial concepts accessible to everyone. With a background in finance and a passion for writing, I transitioned into editing, where I found my true calling. I've always been fascinated by the ebb and flow of the global economy, from the critical analyses of regulatory capital arbitrage to the nuanced discussions of banking operations and investment strategies. At Chenbro.eu, I strive to bridge the gap between the arcane world of finance and our daily lives, believing that informed decisions stem from clear, concise, and comprehensible information. Whether it's explaining the implications of the Asian financial crisis or breaking down the basics of blockchain technology, my goal is to empower our readers with knowledge, one article at a time.