The QR code for Zelle improves on the app’s cashless payment feature by offering contactless transactions to anyone including businesses. How to access the QR code and start transferring money? mobile banking app
Zelle has become a staple of cashless payments in the US. With this app, you can pay in-store or online by just entering an email address or phone number, immediately, and at no cost.
But what’s more, the Zelle app offers a QR code through which you can make touchless payments that will allow you to transfer money to friends, family, and even businesses with Zelle For Business.
The app connects more than 1000 financial institutions that use Zelle to make transfers very fast and securely. So, how can you get the best out of the Zelle QR code and start making payments right now?
Also see: How to Make a QR Code for a Google Form
Table of Contents
- Zelle QR Code — What Is Zelle?
- What Is the Zelle QR Code?
- How to find and share your Zelle QR code
- Zelle QR Codes for Business Payments
- FAQs
- Wrap-Up
Zelle QR Code — What Is Zelle?
Zelle is a banking app that allows users to transfer money from one bank account to another in the US. Zelle doesn’t charge anything for every transfer, which has made it very attractive for people in the country, who transferred a total of $490 billion in 1.8 billion transactions in 2021.
Payments take just a few minutes to post. To create a Zelle account, download the app on the App Store or Google Play, and enroll with your telephone number and email.
Zelle is owned by Early Warning Services LLC, a fintech firm owned by the likes of Bank of America, JPMorgan Chase, Wells Fargo, Truist, Capital One, PNC Bank, and U.S. Bank.
You can link Zelle to your bank account, which allows you to send and receive money with no extra charges.
Also see: How to Create a Customized Snapchat QR Code
What Is the Zelle QR Code?
A Zelle QR code is one of many QR codes for payments that contain all the necessary information to facilitate a transaction through the Zelle app —the recipient identifier, banking information, action command.
It simplifies the process of sending and receiving money by eliminating the need to manually enter the recipient’s contact information.
Benefits of Using Zelle QR Codes
Like many QR codes for payments, Zelle QR codes offer great advantages when moving money around.
Convenience
Quickly send or receive money without needing to enter email addresses or phone numbers.
Speed
Instantaneous transactions, making it faster than many traditional payment methods.
Security
Reduces the risk of errors in entering recipient information and uses encrypted transfer processes.
How to send money using Zelle
Access the Zelle App: Open the Zelle app on your smartphone.
Scan the QR Code: Select the QR code icon and use your phone’s camera to scan the recipient’s Zelle code.
Enter Amount: Input the amount of money you wish to send after receiving any payment requests.
Confirm and Send: Review the transaction details and confirm the payment.
How to receive money on Zelle
Generate Your QR Code: In the Zelle app, find the option to generate your personal QR code.
Share Your QR Code: Share this QR code with the person who wants to send you money.
Receive Funds: Once the sender scans your QR code and completes the transaction, the funds will be transferred to your account.
Sending money via a banking app
Zelle allows you to send money from your mobile bank account if you’re a Bank of America, JPMorgan Chase, Wells Fargo, Truist, Capital One, PNC Bank, and U.S. Bank account holder.
When you log in on any of these banks’ apps, just select Zelle when prompted for the payment method. Your bank will transfer the amount via the Zelle app.
Since you have to share your mobile number or email address to receive money on the app, Zelle gives you the chance to use the Zelle code so you don’t have to type this information to your sender.
How to find and share your Zelle QR code
If you want to receive money, you would have to retrieve the Zelle QR code. To do this, go to the app and tap My Code. You can save and print this code if you want to share it with anyone you want to receive a transfer from.
Also see: Apple Pay QR Code: Making Payments on iOS
Also see: Venmo QR Code: Transfer Money Very Easily on Your Smartphone
Zelle QR Codes for Business Payments
Anyone with a Zelle account can get the best out of the QR code —whether it be to make money transfers among friends and family, or to allow payments if you own a business.
Business owners can set Zelle For Bussiness in their business banking accounts and business credit cards. However, do keep in mind that some extra fees and maximum transfer limits may apply due to the banks’ policies.
How to Use Zelle QR Codes for Business Payments
Setting Up Zelle for Your Business
Sign Up for Zelle: Ensure your bank or credit union offers Zelle for business accounts. If it does, sign up for Zelle through your financial institution’s website or mobile app.
Create a Business Profile: Set up a business profile in the Zelle app, including your business name and contact details. This profile will be associated with your business bank account.
Generating Zelle QR Codes
Access the Zelle App: Open the Zelle app on your smartphone or tablet.
Generate a QR Code: Navigate to the option to generate a QR code within the app. This is usually found in the payment or receive money sections.
Enter the necessary details, such as your business name and any specific instructions or amounts for the payment.
Using Zelle QR Codes with Customers
Display the QR Code: Print the QR code and display it at your checkout counter, on invoices, or within your business premises.
Include the QR code in digital invoices sent via email or embedded in your website for online transactions.
Customer Scans the QR Code: Customers open their Zelle app, select the option to scan a QR code, and use their phone’s camera to scan the displayed code.
They enter the payment amount if not pre-set and confirm the transaction.
Receive Payment Confirmation: You will receive a notification from Zelle confirming the transaction has been completed. Funds are typically transferred instantly to your business bank account.
Examples of the Zelle QR code for businesses
Also see: PayPal QR Code: Paying With Just One Scan
Retail stores and other businesses
Regardless of the size, if you’re running a retail store or any other type of business, you’re certainly not short of cashless payment options.
Setting up a Zelle QR code in the checkout area will allow Zelle users to pay for their purchases in a flash.
Restaurants and food service
According to The Future of Customer Engagement and Experience, tapping and holding a phone or credit card to execute payments via short-range technology increased by 100% year-over-year in the US.
Restaurants jumped on the bandwagon after COVID-19 erupted and started offering cashless and contactless payments. Now, the trend is here to stay.
The Zelle QR code will help restaurants stay attuned to these payment methods. If you’re a restaurant or bar owner, just print a Zelle code and place it in the checkout area displaying the Zelle app logo.
E-commerce sites
Online stores of any size can rely on the Zelle code for payments to offer secure, quick transactions. This is an especially handy solution for customers as they won’t need to pay using an email address or a phone number.
FAQs
How do I get my Zelle QR code?
Go to the app and tap My Code. You can save and print this code if you want to share it with anyone you want to receive a transfer from.
Which Banks Offer Zelle for Business Accounts?
These are some of the best-known banks that offer Zelle for Business:
- Ally Bank
- Bank of America
- BMO Harris Bank
- Capital One
- Chase
- Citi
- Discover Bank
- Fidelity Bank
- Morgan Stanley
- PNC Bank
- US Bank
- USAA
- Wells Fargo
Are there any fees for using Zelle QR codes?
No, Zelle does not charge fees for sending or receiving money using QR codes. However, it’s always good to check with your bank or credit union to ensure they don’t have any additional fees.
Is it safe to use Zelle QR codes?
Yes, using Zelle QR codes is safe as long as you ensure the QR code you are scanning or sharing is legitimate. Always verify the sender’s or recipient’s details before completing a transaction to avoid scams.
Can businesses use Zelle QR codes for payments?
Yes, businesses can use Zelle QR codes to receive payments from customers. This can be especially useful for small businesses, freelancers, and service providers who need a quick and convenient way to accept payments.
What if my bank doesn’t support Zelle?
If your bank or credit union does not support Zelle, you won’t be able to use Zelle or its QR code feature. Check Zelle’s website for a list of participating financial institutions or consider switching to a bank that offers Zelle.
What should I do if a Zelle QR code transaction fails?
If a transaction fails, ensure you have a stable internet connection and that you’ve entered all details correctly. If the problem persists, contact your bank’s customer service or Zelle support for assistance.
Can I use Zelle QR codes for international transactions?
No, Zelle is currently only available for transactions between U.S.-based bank accounts. You cannot use Zelle or its QR codes for international transfers.
Wrap-Up
The Zelle app works wonders when it comes to transferring money in a breeze to friends, family, and business payments.
But the QR code makes it all more convenient to users as scanning the QR code will be enough to send the money securely and at no cost!
