To make payments more accessible for customers, merchants are constantly looking for fast and easy payment solutions. A Korean fintech startup Hankook NFC has developed an easy smartphone-based payment service called SnappyWire. SnappyWire is a free and easy payment service app for small and individual merchants who want to accept credit card payments. It turns your smartphone into a payment terminal anytime, anywhere, covering both online and offline transactions. The perfect way for merchants, both online and offline, to have a contactless payment solution without the need for extra hardware.
The Contactless Payment Solution – SnappyWire
So how does this contactless payment solution work? The process is straightforward. Merchants and customers download the free SnappyWire app. It is available for both iOS and Android. Merchants or sellers can take pictures of their items to sell, upload them on the app, and enter the price of each item. Customers log into the app with their social media accounts. They can select the product they want. Then select SnappyWire’s various payment options.
In addition, sellers can upload product images with payment links directly using social media such as Facebook. Therefore, they can easily and quickly sell their items without going through a mobile shopping website or app.
Some of their payment options include:
- Visa
- Mastercard
- American Express
- DISCOVER
- Samsung Pay
- Apple Pay
- WeChat Pay
- OCR Scanning (for credit cards)
- NFC
- IC Reader
- Cryptocurrencies
- And More…
Contactless Payment Solution that Accepts Cryptocurrencies
SnappyWire is the first mobile POS platform that supports cryptocurrencies. They have incorporated cryptocurrencies to bring a faster and easier payment service in addition to their various existing methods. Therefore merchants can now easily collect cryptocurrencies simply by downloading the SnappyWire app.
All payments are processed right away. Both merchants and customers can quickly review their transaction history. With this new fintech service, merchants and consumers will be able to make transactions conveniently. Therefore, online businesses can start without going through other eCommerce platforms. It is perfect for freelancers who must send payment links to clients and receive payments.
“SnappyWire is designed to enable an individual or self-employed sellers to conduct commercial transactions with their smartphone anytime, anywhere,” said the CEO of HanbookNFC, Richard Hwang.
The price for SnappyWire is below:
- mPOS : 2.9% + $0.3 per transaction
- Snappy Link : 2.9% + $0.3(mPOS pricing) + 1.8% of the transaction amount (success sales fee)
The more the transaction is easy, simple, and safe, the more consumers will continue to use the merchant. It is a win-win for both parties. It is currently available in over 30 countries and accepts over 135 currencies.
