Previous ArticleWhy utility suppliers must accept online cash paymentsNext ArticleeCash around the world – different countries, similar payment preferences

How to pay your paper payment slip online with cash

For some consumers, the only purpose of a paper payment slips or bills is to type the details printed on them into their online banking app. But what about customers who either don't have an account or have no interest in online banking? The number of bank branches with counters and staff is rapidly diminishing. With Paysafecash, you can pay these bills immediately using cash.

Many large companies continue to use payment slips. Energy utility companies and insurance companies in particular often send their bills in the mail with a paper payment slip. This is not a sign that they are behind the times, but rather consideration of the fact that customers without online banking also need to have some way of paying bills. For some consumers online banking appears too complicated or difficult, or just not secure enough. This impression is not entirely unjustified, when you consider the many cases of fraud related to online payments.

Fewer and fewer bank clerks

And customers who want to pay these bills with cash often face a number of hurdles. Making deposits at bank branches is becoming more difficult due to the decline in branches and shrinking staff numbers, and by banking fees.

Paysafecash is solving this situation by offering companies and public utility companies who work with payment slips a simple solution.

Many of these companies already print a standardised QR code on the bill. If the customer scans the QR code using the Paysafecash app, a barcode is generated which the customer can use to then pay in cash at any Paysafecash payment point. In Austria, there are already around 3500 of these. Soon the figure will be over 6000 – this includes supermarkets, petrol stations and the newsagent around the corner.

No more IBAN numbers to type

There are significant advantages for the customer. They no longer need to type long IBAN and BIC codes to make a payment, because all of that information is already saved. They also no longer need to use a bank branch, which eliminates associated fees. And the transfer is completely secure, because no personal bank details are communicated. For people who particularly concerned about digital security, Paysafecash is the perfect solution. They simply take the barcode on their smartphone, or a printout of the barcode, to their nearest Paysafecash payment point, have it scanned and complete the payment.

No integration required

Companies can use Paysafecash to reduce the time it takes to pay the bill. Furthermore, Paysafecash does not require any technical integration for the new service.

However, with the very simple integration of an API interface, the business has the added benefit of being able to receive automated account settlements when customer payments are made. This eliminates the need to manually review and approve the payment reports in the Merchant Service Center (online portal for Paysafecash partners). Particularly where large numbers of payment transactions are concerned, integration is certainly the more efficient option.

"For now, companies can simply test the feature without any integration," says Robert Albrecht, Head of New Business at Paysafecash. "I am confident that the results will impress them. The cost involved in printing the code is very low and in many cases already exists. But the potential for customers and companies is huge."

Recommended Articles