It seems that now is the era where you lose money in many ways if you pay cash when you buy something. Especially now, most consumers are receiving considerable benefits by using local currency issued by each local government. In today’s article, we will learn about ZeroPay, which is more useful than local currency in many ways. We will tell you what Zero Pay is, how to use it, where to use it, and what benefits it offers.
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What is Zero Pay?
What are the benefits of Zero Pay?
How to use Zero Pay
Where to use Zero Pay
What is Zero Pay?
First, for those of you who don’t know what Zero Pay is, I’ll briefly explain. Zero Pay is a ‘mobile simple payment system’ introduced to the market in 2018 with the aim of reducing the payment fee burden for small business owners. It is a system that transfers money directly from the buyer’s account linked to Zero Pay to the seller’s account when payment is made through a QR code or barcode, which is a payment method that is familiar to us now. 제로페이 사용법
zero pay
What are the benefits of Zero Pay? 좋은뉴스
The reason why we were able to activate Zero Pay, a new payment system relatively quickly, is thanks to the various benefits of Zero Pay. The use of Zero Pay has several advantages for both users and merchants.
Zero Pay User Benefits
1) Discount benefits
As anyone who has used local gift certificates knows, the benefit of local currency is that you can get a 10% discount on your purchase when you use it at merchants. Zero Pay is the same benefit, allowing you to purchase goods or services with a 10% discount.
2) Easy to use
Zero Pay is linked with applications of various banks (about 50). So, you do not need to install a separate app. If you have a bank app or payment company app already installed on your phone, you can easily pay through the Zero Pay function in the app.
3) Available nationwide
As you know, local gift certificates cannot be used outside of that region. However, Zero Pay has more than 1.4 million merchants nationwide. In other words, even if you travel to another area, you can get a 10% discount if you pay with Zero Pay. Of course, it can only be used at Zero Pay affiliated stores, and most affiliated stores have a Zero Pay sign attached to the front of the store.
consumer benefits
4) Available in franchises and large marts
Another advantage of Zero Pay is that it can be used at large franchise restaurants, clothing and cosmetics stores, large marts, and convenience stores. This part also does not apply to local currencies.
5) Discounts on cultural and tourist facilities
Zero Pay discounts are also applied when using various cultural and tourist facilities. Currently, most of the benefits are concentrated in the metropolitan area, but will gradually expand nationwide. You can get up to 30% discount on entrance fees to facilities such as botanical gardens and zoos, and up to 10% discount on public parking lots.
6) Income deduction benefit
Another great advantage of Zero Pay is that you can receive an income deduction for year-end settlement. You can deduct 30% of the payment amount, which is not low compared to credit cards and cash receipts, which have a deduction rate of 15 to 40%.
7) Local currency and mobile Onnuri gift certificates can be purchased
The last part of the user benefit is that you can purchase local currency or mobile Onnuri gift certificates with Zero Pay. You can purchase Onnuri gift certificates and local gift certificates through the Zero Pay app.
Zero Pay Merchant Benefits
Zero Pay also has several benefits from the point of view of merchants. Let’s look at these parts one by one.
1) No payment fee
One of the biggest benefits for stores affiliated with Zero Pay is that the payment fee is 0%. Not all stores are free, but the commission is free for businesses with less than 5 full-time workers and annual sales of 800 million won or less.
Normally, when paying by credit card, merchants have to pay 0.5 to 3% as a card fee, but Zero Pay is a more preferred payment method than card payment from the point of view of small business owners because Zero Pay saves money on that expense.
Zero Pay Fee
2) Sales increase
As the number of Zero Pay users increases, stores that are affiliated with Zero Pay will be more likely to attract more consumers than those that do not.
3) Preferential benefits for small businesses
Zero Pay merchants receive various preferential interest rate benefits targeting small businesses. Typically, when using various small business loan products, you can get a loan with better conditions than non-affiliated stores.
4) Overseas Easy Payment
Foreigners residing in Korea and foreign tourists can also make payments through Zero Pay, so they can make payments immediately without the need for currency exchange, which can further attract foreign customers.
5) Other benefits
In addition, there are various benefits for franchise owners, such as easy membership sign-up, free subscription fee, AI assistant consultation, and real-time sales management through the application.
Zero Pay Merchant Benefits
Above, we have seen that Zero Pay provides various benefits to consumers and merchants. Now let’s look at how to use Zero Pay.
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How to use Zero Pay
There is nothing difficult at all once you get used to using Zero Pay. Usage is divided into two types. You can use one of the easiest methods described below.
1. Using affiliated banks and payment company apps
As mentioned earlier, Zero Pay can be used without installing a separate app. If you are using the ‘NH (Nonghyup) App Cash’ application, you can also make payments using Zero Pay through the app. We’ll let you know how. Even if it is another application, there is no big difference in how to use it, so you can refer to the following method.
1) Run the app and log in. In the case of NH App Cache, you can check the ‘Zero Pay’ button on the main screen of the app. When making a payment, click this button.
Nonghyup Zero Pay
2) Then, the camera [1] that can scan the QR code turns on. After scanning the QR code at the merchant, enter the amount to pay and click OK.
Zero Pay payment method
3) As in method 2 above, you can scan the store’s QR code with your mobile phone, but you can also create your own QR code and scan your code at the place of use. Just press ‘Generate QR Code’ [2] on the screen below.
4) Show the corresponding QR code or barcode at the time of payment and scan it to make payment.
Zero Pay QR Code
2. Using the Biffle Zero Pay app
The second way to use Zero Pay is to use an application called ‘Biffle Zero Pay’.
1) Download and install the ‘Biffle Zero Pay’ app. (Android/IOS)
2) Login is required. Sign up and log in by verifying your identity with your name and mobile phone number.
3) On the home screen of the app, go to the [Zero Pay payment from account] menu and enter the account number to link with your bank account.
4) After completing the registration, you can pay by scanning the QR code at the merchant through ‘Biffle Zero Pay’. You can also purchase mobile Onnuri gift certificates, local currency, convenience store or hypermarket mobile gift certificates here.
Biffle Zero Pay
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Where to use Zero Pay
There are more than 1.4 million Zero Pay locations across the country. Available at most convenience stores and hypermarkets. In addition, most stores that can use it will have a zero-pay sticker in front of the store or a zero-pay banner in front of the checkout counter. If the mark below is displayed in a store, the store is a place where you can pay for Zero Pay.
Where to use Zero Pay
Please check the Zero Pay member stores in your area below.
View My Local Zero Pay Merchants
This is how to use Zero Pay and how to use it. Once you get used to using it, you can get a 10% discount very easily, and it can be used in many regions, so please take advantage of it. thank you