How to Make a QR Code Earn Money For Your Business
Making your QR code earn money for your business can be challenging. However, with the right know-how, these black-and-white squares can boost your revenue in no time.
QR codes provide several opportunities to earn money, from direct methods like contactless payments to indirect ones like marketing.
To help you get started, we’ve compiled a list of things that let you generate leads and profit for your business with the help of the best QR code generator.
Table of Contents
- Can I make money from a QR code?
- Innovative ways to make your QR code earn money and increase brand engagement
- How do you get paid with a QR code?
- Reasons why customers would rather use a QR code to pay money
- Payment platforms with QR code-scanning method
- Earn more money for your business with QR TIGER QR Code Generator
- FAQ
Can I make money from a QR code?
Yes, it is possible to make money with Quick Response codes. While they were originally intended to provide information, their versatility allowed people to use them in creative ways.
You might be wondering what businesses use QR codes today? Well, thousands. Numerous businesses across different industries use QR codes in their operations.
They use the technology to initiate payments with a scan. This has become prevalent online due to the growth of e-commerce and online shopping.
QR code payments at points of sale are also seeing usage increase in stores and restaurants.
Innovative ways to make your QR code earn money and increase brand engagement
Providing customers with a payback or incentive when they scan your QR codes effectively generates interactions and sales for your business. Here are some things you can do:
Interactive marketing
To attract customers, you will need to market your products and services. Several marketing strategies can accomplish this, one of which is using Quick Response codes.
By using these codes, you can create interactive experiences for your customers that will leave them with a strong impression of your business.
With enough engagement, you will find that more and more people choose to use your services, thus driving revenue upward.
QR codes for interactive marketing can be created through a QR code generator on the internet.
Lead generation
Lead generation usually involves getting information from potential customers that you can use to make sales. With this in mind, customers can help your business earn money by scanning barcodes meant to generate leads.
When they scan a form QR code, for example, they can open an online portal where they can enter their contact information. Using this data, businesses can nurture customer interest in their products and services and then market to them later.
Loyalty programs
Attracting customers is one thing; keeping them around is another. One effective method of accomplishing this is through loyalty programs that reward consistent customers.
Rewards from these programs usually involve discounts but can also include free items and other incentives.
How do dynamic QR codes work so well that customers are encouraged to participate in loyalty programs? One reason is that it’s so convenient to participate when using QR codes.
For example, customers can scan a multi-QR code at the POS for every purchase they make. By just using a device they always use anyway, they are now part of the loyalty program.
Once it reaches 100 scans (or depending on the perimeters you’ve set), they can redeem a code to receive their rewards.
Incentives and discounts
While incentives and discounts can be a part of loyalty programs, they can also be given away outside of them. Your business can make a QR code earn money by tying these perks to the act of scanning them.
For example, you can give customers a “Buy One, Get One Free” deal when they scan the QR codes on certain items.
Another way is by creating contest QR codes to drive engagement and promote your services and products.
Event registration
QR codes created with a dynamic QR code generator can speed up the event registration process, making it smoother and more accessible.
Notably, accessibility helps your business by making it easier for interested parties to register no matter where they are. This is especially effective when the QR codes are placed on advertisements in high-traffic areas.
Social media presence
What are QR codes used for if not to share more information with your audience? As a business, you should have several ways your customers can learn more about you; an essential one being social media.
You can easily create an all-in-one Link in Bio QR code that directs customers to your business’s social media handles.
While this doesn’t directly drive revenue, having an online presence provides a means of engagement between you and your customers.
Through social media, your customers can stay up-to-date on what your business is up to. Whenever you have an ongoing promotion, your customers will be notified and gain interest, thus leading to sales.
Sharing information
Customers will always prefer using the products from businesses they trust. One way of building this relationship with your audience is by sharing key information on the products you are selling.
This is where QR codes come in. Placing QR codes on product packaging lets customers learn things about your product digitally. Whether you are sharing its nutritional value or the product’s story, customers will learn to trust and choose your business over others.
How do you get paid with a QR code?
With QR codes becoming a popular payment method worldwide, almost all businesses have begun using them.
With 285 million online shoppers expected in 2025 and customers preferring digital payments, you will want to know how to set up QR code payments for your business.
Here are the steps you need to take to receive payments with QR codes:
- Choose a payment service provider. This will depend on your location and business needs.
- Create an account with your chosen payment service.
- Get a QR code generated by providing payment details.
- Test your QR code by scanning it with your smartphone.
- Display your QR code where customers can easily scan it.
Reasons why customers would rather use a QR code to pay money
In recent years, more and more people are choosing to make cashless payments through QR codes. To understand why, here are 3 key reasons that explain this trend.
Ease and convenience
According to QR code payment statistics in 2024, convenience is cited as the main reason behind the preference for QR codes. This is because QR codes only need a single scan to go through payments.
On the business side, setting up QR code payments is easy. All you need to do is get your code, display it at the point of sale, and scan it.
Increased security
Using a QR code for money transactions also makes your payments more secure. When scanning, the exchange of money happens digitally, so there’s no risk to your transaction in the physical world.
How do QR codes work in a way that provides more security? Well, they actually don’t store any of the customer’s payment information. Instead, they link the payment app to yours, where the money transfer occurs. This connection is encrypted to prevent any tampering while the payment is ongoing.
Another reason QR code payments are more secure is the authentication system. This is where the customer confirms their identity before attempting any transaction.
By making use of authentication methods, using a QR code to pay money ensures that your money can’t be used by others without your consent.
Minimal physical contact
Because of over 700 million cases of COVID-19 between 2020 and 2024, people needed a different payment method to keep them safe. This meant looking for ways to avoid having to exchange money with others and reduce the risk of infection.
Thanks to the contactless nature of QR code payments, customers worldwide began adopting them as their primary means of making purchases.
Payment platforms with QR code-scanning method
Several payment service providers offer their users a QR code option to pay. Each service offers its own host of features that make the payment process simple and convenient.
- Venmo - A popular payment service in the United States that is mostly used for personal transactions.
- PayPal - The owner of Venmo, PayPal is a digital payment platform that is used by businesses globally.
- CashApp - A mobile payment service primarily used in the United States.
- Payoneer - Over 150 countries use this payment service with a QR code option.
- Apple Pay - A payment service provider available on all Apple devices.
Earn more money for your business with QR TIGER QR Code Generator
QR codes are an effective tool in any business owner’s arsenal. Through its versatility, numerous innovative and engaging marketing campaigns have generated leads and boosted sales for businesses all over the world.
These digital tools have also streamlined several registration and payment processes, smoothing out the customer experience.
To make a QR code earn money for your business, you must first start with generating a functional and trustworthy one.
If you’re looking for a platform to get started, we’ve got you covered. QR TIGER has over 15 QR code solutions that support several types of content, allowing businesses from different industries to address their QR code needs.
Sign up today and get a $7 discount on any plan you purchase! Remember to refer a friend so you can get a free month.
FAQ
Are QR codes paid?
Generating dynamic QR codes will normally require a subscription plan. However, this doesn’t always apply to the generation of static QR codes.
Is it possible to earn money by scanning barcodes?
Earning money by scanning barcodes is possible by scanning the ones on your receipts using certain apps. These include:
- Ibotta
- Fetch Rewards
- Receipt Hog
- Swagbucks
- InboxDollars
By using these apps, you can earn cash back or accumulate points that you can then redeem for rewards.
How to generate a QR code to receive money?
You can generate codes like a QR code monthly payment portal that your customers can scan by using payment service providers.
