How to Create QRIS All Payment for Your Business

Digital payments have become a primary necessity in daily life, and QRIS All Payment offers a practical solution for all types of transactions.

With QRISyou can make payments faster, easier, and more securely, without worrying about complicated payment methods. In this article, we will review everything you need to know about QRIS All Payment, so make sure to read through until the end!

What is QRIS All Payment?

QRIS (Quick Response Code Indonesian Standard) All Payment is a QR code standard developed by Bank Indonesia to facilitate digital payment transactions. By using QRIS, consumers can make payments using any compatible digital wallet application, without having to worry about platform differences.

This enables the creation of a more inclusive, faster, easier, and safer payment system. Additionally, QRIS helps business owners, especially MSMEs (Micro, Small, and Medium Enterprises), reach more customers and adapt to the growing trend of cashless payments.

QRIS Model

The QRIS model is divided into two main types designed for different business needs:

1. QRIS Static

• 1. The QR Code is fixed and typically used by small merchants or stalls.
  2. The QR code is printed and displayed so that customers can scan it for payment.
  3. Ideal for businesses with small, fixed-value transactions.

2. QRIS Dynamic

• 1. The QR Code is generated directly through the system, such as an EDC machine or cashier application.
  2. Typically used by larger businesses or merchants who need detailed transaction records.
  3. It allows the automatic inclusion of the payment amount for each transaction.

Benefits of QRIS All Payment

The implementation of QRIS All Payment provides several valuable benefits, especially for MSMEs. Here are some key advantages of using QRIS:

1. More Efficient Operations

With QRIS, business owners only need one QR code to accept payments from various platforms. This simplifies the management of diverse payment methods, saving time and resources.

2. Ease of Access

QRIS enables MSMEs to accept digital payments without having to spend large amounts on devices like EDC machines. As a result, small businesses can more easily join the digital payment ecosystem.

Also Read: What is the Payment API System? Come on, get to know how it works!

3. Opportunity to Reach More Customers

With QRIS, business owners can accept various digital payments, such as from e-wallets or mobile banking. This capability widens the customer base, increasing both customer reach and transaction volume.

4. More Secure Transactions

QRIS applies high security standards to minimize the risk of fraud or errors during payments. Each transaction is protected with encryption and multi-layered verification processes.

5. Practical Financial Recordkeeping

Payments made using QRIS are automatically recorded digitally, making it easier for business owners to generate financial reports and manage cash flow. This enhances financial management efficiency.

6. Supports Government Digitalization Policies

Adopting QRIS supports government efforts to promote digital economy growth and expand financial inclusion. By using QRIS, business owners contribute to the transformation of Indonesia's digital economy.

7. Opportunities for Promotions and Loyalty

Some QRIS service providers offer promotional programs or customer loyalty rewards that can be utilized by business owners. This provides an opportunity to attract new customers while retaining loyal ones.

How to Create QRIS All Payment

Creating QRIS All Payment is not complicated! Even small business owners like MSMEs can do it easily. Here's how to create QRIS All Payment:

1. Choose a Suitable PJP (Payment Gateway Provider). Make sure they are authorized by Bank Indonesia! Some examples of PJP providers include  Ayolinx , which provides QRIS services and has Bank Indonesia’s approval, or other payment services like OVO, GoPay, DANA, etc.
2. You will need to provide the following documents:
   1. KTP (ID card) of the business owner
   2. NPWP (Tax ID) if applicable
   3. UMKM Business License or NIB (Business Identification Number)
   4. Business location photo
   5. Active bank account
3. Register on the PJP’s Website or App. Complete the registration form with accurate and complete information. Take your time to ensure everything is correct.
4. After registration, the PJP will verify your documents. This may take a few working days. If any additional documents are requested, submit them promptly to expedite the process.
5. Once verified, you will receive a notification that your account is active. You can then log in to the merchant dashboard to activate your QRIS service.
6. After activation, the PJP will provide a specific QR code for your business. This can be a digital file that you can print yourself or a physical sticker sent to your address.
7. Before using it officially, test the QR code with a few sample transactions to ensure everything works smoothly.
8. Place the QR code in a visible location, such as the cashier counter or store entrance, so customers can easily access it.
9. Ensure your staff understands how to use QRIS so they can assist customers if needed. 
10. Regularly check the transactions on your merchant dashboard. You can also download financial reports there for reconciliation or tax purposes. 

Requirements for Creating QRIS All Payment

To use QRIS All Payment, business owners must meet several requirements:

1. Business Legality

• • 1. The business must be legally recognized and verifiable.
    2. Required documents: SIUP, TDP, or NIB for formal businesses; Business Certificate from the local government for informal MSMEs.

2. Owner Identification

1. 1. 1. Valid ID card (KTP) and a photo of the business owner.
      2. NPWP (optional).

3. Business Information

1. 1. 1. Business name, type/category, address, active phone number, and email (if available).

4. Bank Account

1. 1. 1. An active bank account under the business owner's name or the business entity.

5. Supporting Devices

1. 1. 1. Smartphone or tablet to scan QR codes.
      2. Stable internet connection.

6. Commitment to Usage

1. 1. 1. Adhere to Bank Indonesia’s regulations, including transaction limits (maximum Rp 5 million per transaction).

7. Location Verification

1. 1. 1. Be willing to have your business location verified by providing a recent photo.

8. Regulatory Compliance

1. 1. 1. Comply with anti-money laundering and anti-terrorism financing rules.
      2. Provide additional information if requested.

9. Service Fees

1. 1. 1. Understand the registration fees (if any) and transaction fees according to the QRIS service provider's terms.

10. Information Updates

1. 1. Report any changes in business data or status periodically.

These requirements may vary depending on the QRIS provider chosen. Be sure to check the specifics before registering to ensure a smooth process and regulatory compliance.

QRIS Service Providers

Choose a QRIS service provider that suits your business to make digital transactions easier. Here are some trusted QRIS providers in Indonesia, along with their benefits:

1. Major Banks

1. Mandiri: QRIS solution integrated with complete banking services.
2. BCA: Known for a wide network and stable system.
3. BNI: Provides QRIS services at affordable fees, ideal for MSMEs.
4. BRI: Focuses on serving micro and small businesses across Indonesia.

2. E-Wallets and Fintech Apps

1. GoPay: Integrated with Gojek’s ecosystem, suitable for businesses already using Gojek services.
2. OVO: Offers attractive cashback and loyalty programs.
3. DANA: Easy-to-use with fast registration process.
4. LinkAja: Supported by BUMN, ideal for government services and large businesses.

3. Payment Gateways

1. Midtrans: Integrated payment solution, ideal for online businesses.
2. Xendit: Known for its simple API and fast technical support.
3. Doku: Provides high security with various payment options, including QRIS.
4. Ayolinx: A practical and trusted QRIS provider Ayolinx , offering fast registration and easy access for MSMEs and online businesses.

Also Read: What is a Payment Gateway? Flow, Benefits and How it Works

4. QRIS-Specific Providers

1. QRIS.id: A platform dedicated to QRIS registration and management, supported directly by Bank Indonesia.
2. Ayopop: Focuses on helping small and medium businesses with a simple process.

Things to Consider When Choosing a QRIS Service Provider

Choosing the right QRIS provider is crucial for smooth payment operations. Here are some factors to consider:

1. Check the registration fees, transaction fees, and any additional costs.
2. Choose a provider with a user-friendly interface and simple registration process.
3. Ensure funds are deposited in your account promptly after transactions.
4. Look for a provider that offers features like transaction reports or integration with accounting systems.
5. Look for a provider that offers features like transaction reports or integration with accounting systems.
6. Choose a provider with proven security systems.
7. Consider providers that are widely accepted by your customers to make payments easier.
8. Ensure the provider can scale with your business over time.

QRIS Usage Tips

1. Always Check the QR Code : Ensure the QR code being scanned belongs to the correct merchant.
2. Use Secure Apps : Choose official payment apps registered with Bank Indonesia, with good user reviews.
3. Check Transactions Regularly : Review transaction records in your app to ensure there are no errors.
4. Avoid Public Wi-Fi : Use a private internet connection to avoid data security risks.
5. QR Code Placement : Place the QR code in a visible and easily accessible spot, and use a stand or frame to highlight it.

QRIS Transaction Security

Security is the foundation of any digital payment system, including QRIS. By ensuring security measures are in place, you can protect your business and provide a safe transaction experience for your customers. Here are the security aspects to consider:

1. Customer Data Privacy

User data protection is a top priority in the QRIS system. Customer information is stored securely and used only for transaction purposes. Strict policies are enforced to ensure that personal data is not misused by irresponsible parties.

2. Encryption Technology

The QRIS system is designed using end-to-end encryption technology. With this method, all information sent during the transaction process remains secure and cannot be accessed by unauthorized parties.

3. Layered Authentication

Multi-factor authentication is an important layer of protection. Users are required to go through several stages of verification, such as a PIN, biometrics, or facial recognition, before a transaction can be completed.

4. Real-Time Transaction Monitoring

QRIS is equipped with a live transaction monitoring system. Advanced algorithms are used to detect suspicious activity. When an unusual transaction pattern is found, the system will block the transaction or send a notification to the user.

5. Tokenization for Additional Security

QRIS uses tokenization, where sensitive data is replaced with a unique token that is only valid for a specific transaction. If the token is hacked, the actual information remains safe and cannot be used.

6. Instant Notification for Transactions

Every time a transaction occurs, users will receive real-time notifications. This makes it easy for users to immediately verify transactions and report suspicious activity.

7. Merchant Verification Process

Before being able to use QRIS services, merchants are required to go through a strict verification process. This ensures that only trusted businesses are allowed to accept payments via QRIS, reducing the risk of fraud.

8. Transaction Limits

QRIS sets daily or monthly transaction limits as a preventive measure against misuse. This step provides additional protection against the risk of loss.

9. Compliance with Regulations

The QRIS system is designed in accordance with Bank Indonesia regulations and global security standards such as PCI DSS. This compliance ensures the system meets the highest security standards applicable in the industry.

10. Efficient Dispute Handling Process

In the event of a dispute or error in a transaction, QRIS provides a transparent dispute resolution procedure. Both customers and merchants have a clear path to resolve issues quickly and fairly.

Differences Between QRIS and Other Payment Methods 

1. Compared to Cash: QRIS is safer and reduces the risk of money being lost or stolen. In addition, there is no need to bother with change.
2. Compared to Debit/Credit Cards: QRIS does not require additional devices such as EDC machines, so it is more practical.
3. Compared to Bank Transfer: QRIS is faster because it does not require filling in bank account details.
4. Compared to Non-QRIS E-Wallets: QRIS is more universal because it can be used by various payment applications.

Also Read: How to Easily Integrate Payment Gateway for Business

How Long Does the QRIS Fund Settlement Process Take?

The QRIS fund settlement process usually takes 1-2 business days. However, some service providers offer a faster process, depending on their policies. It is advisable to check these details before choosing a service provider.

What is the Minimum and Maximum in Transactions Using QRIS?

QRIS does not set a minimum limit for transactions. This means you can make payments of any amount, as long as the merchant accepts the payment.

Meanwhile, Bank Indonesia has set a maximum QRIS transaction limit of IDR 5 million per transaction. However, this limit may vary depending on the policies of each QRIS service provider.

Conclusion

QRIS All Payment is a practical, safe, and inclusive digital payment solution for all groups. By choosing the right service provider such as Ayolinx, you can take advantage of this technology to increase efficiency and ease in transactions.

Make sure to understand every aspect of QRIS so that its use is more optimal, efficient, and safe. Thus, both business actors and consumers can enjoy the full benefits of this modern payment system.