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| Difference between Static & Dynamic QR Code |
The introduction of UPI, or the Unified Payment Interface, is a revolution in the payment ecosystem in the Indian context. It makes accepting and giving payments so easy that lakhs of small and medium businesses and crores of common people use it without hesitation. Today, the poorest Indians have smartphones and bank accounts. So everybody is using UPI. There is no need to carry cash and coins with them.
With time, the QR Code also evolved from static to dynamic. They both possess some benefits and some drawbacks. But as the owner of a small business or a Kirana Shop, which QR should you use? A question that puzzled the business owners.
So, as an expert in QR Codes, I am stating here all the pros and cons of both the static and the dynamic QR codes. Read them accordingly and choose one that suits you most.
What is a static UPI QR Code?
A static QR code is static or fixed by nature. It directly embeds fixed information into its pixel pattern. It embeds the beneficiaries' bank account or UPI information. It is the easiest and most cost-effective way to receive money via QR Codes.
Pros of Static UPI QR Code
- Simple and Free: Static UPI QR Codes are easy to generate and print. There are so many sites like UPI QR CODE GENERATOR that generate QR Codes completely free.
- No Technical Expertise: You can generate the QR Code with a few clicks on the site. No technical expertise is needed.
- No Need for a POS Machine: You don't need to pay for a POS machine.
- Permanent setup: After printing the QR Code, no further changes are needed. Money will be received 24*7.
- Fast Transaction: Money can be received seamlessly with no delays.
- Universal Acceptance: The QR code is accepted by all UPI Apps.
- Easy to Print: You can print this anywhere. Just download it and print it.
So long story short, who should use the static QR code? In my opinion, small businesses like Chai-Wala, Pan Masala Shop, Kirana Shop owners, all hardware stores, and all shops in the marketplace should use this Static UPI QR Code because this is free, safe, permanent, and easy to use. You don't even need a UPI Payment app; you only need a bank account in any bank. With the UPI QR Code Generator with Bank Account, you can easily receive money.
Cons of Static UPI QR Code
There are a little backdraws of Static UPI QR Code. These codes do not automatically populate the transaction amount. Users have to type the amount before sending the money. So if your transaction amount is fixed, e.g., Rs 50 only, then you can go for dynamic QR Codes.
What is a dynamic UPI QR Code?
As the name suggests, dynamic QR codes are more flexible. Because they are generated uniquely for every user. Here, the users receive a pre-filled payment amount and their details automatically.
Pros of Dynamic UPI QR Code
- Error Prevention: As you enter the Amount and the Receiver's name in advance, there is a little chance of error in receiving money.
- Easy reconciliation: Many fields are prefilled and autofilled, making it easy to reconcile.
- Enhanced Security: There is almost zero chance of fraud in a dynamic QR code.
- Real-time Analytics: You get real-time analytics.
- Flexibility: As you filled in the amount yourself, you can change it any time.
- Faster Scanning and Payments: Long story short, as most of the parts in the in the senders payment app are already filled, money is sent faster.
Cons of Dynamic UPI QR Code
Like Static UPI QR Code, Dynamic QR Code has some cons too. It is a bit more complex than a Static QR Code to generate. Some Dynamic UPI QR Code Generators charge money (subscription fee) for generating a QR Code. (Don't worry, our UPI QR Code Generator is Dynamic and free.) Another factor is that it fully relies on the internet. Without the internet, there would not be the QR Code. Sometimes these QR Codes come with an expiry date.
Static QR Code or Dynamic QR Code
Let us come to the point: which QR Code should you use? You have already learned about the pros and cons of both static and dynamic QR codes. So it is up to you now to decide which one suits you most.
Do your customers pay a fixed price for every transaction, or is the payment amount large, or the payee is remote, then you can go for a Dynamic QR Code. For Salary payment, the monthly cable operators' bill, requesting money from a friend, Dynamic QR is the best. For display in the shop, Static QR is the best. So, generate your UPI QR Code now by using our UP QR Code Generator.
NB: We Do Generate Both Static and Dynamic QR Codes.