In today's digital economy, payment solutions like Coins.ph offer convenient ways for businesses to receive payments. Coins.ph allows businesses and individuals to receive payments quickly and conveniently through their digital wallet platform.
How Long Does It Take for the Payment to Arrive?
Funds transferred via Scan & Pay arrive instantly in your Coins.ph wallet. This immediacy allows businesses to maintain cash flow and manage transactions efficiently.
How Can I Confirm That I Was Paid?
You can confirm a payment through several methods:
- SMS Confirmation: If you registered with a phone number, you'll receive an SMS confirming the transaction.
- Email Confirmation: For accounts created with an email address, an email notification will be sent.
- Customer Verification: Ask the customer to show the payment confirmation screen on their device, which displays the amount sent.
Where Does the Money Go?
Payments made through Scan & Pay are directed into your Coins.ph wallet. The destination depends on the type of QR code you printed:
- Peso Wallet: Payments received in your Peso wallet will appear directly in that account.
How Can I Use the Money in My Coins Wallet?
Funds in your Coins.ph wallet can be utilized in various ways:
- Payroll: Pay employees directly from your wallet.
- Supplier Payments: Settle invoices with suppliers using your available balance.
- Fund Transfers: Cash out funds to your linked bank account for easy access.
Why Does My Name Appear Instead of My Business Name?
To display your business name on the payment page, you must complete the Know Your Business (KYB) process. This involves submitting relevant business information and documentation. Once approved, you can change the name that appears during transactions.