In today’s digital era, cashless payments are becoming increasingly popular among the public. One of the most practical and versatile payment methods is QRIS (Quick Response Code Indonesian Standard).
QRIS not only makes transactions easier for customers but also helps business owners manage their finances more efficiently. So, how do you create a QRIS for your business, and how much does it cost? Check out the complete guide below.
1. Understanding QRIS in Transactions
QRIS is a national QR code standard issued by Bank Indonesia to facilitate digital payments. With QRIS, business owners can receive payments from various e-wallet applications using a single QR code, making transactions more convenient and efficient.
2. How to Create a QRIS for Your Business
If you are planning to start a business, you can use QRIS as one of the accepted payment methods. Here are the steps to create a QRIS for your business, as reported by DetikFinance:
2.1 Register on the QRIS Website
Register your business through the official QRIS provider website (qris.id/register) or partner banks offering QRIS services. Make sure to choose a trusted provider that suits your business needs.
2.2 Fill Out the Form and Upload Documents
Complete the registration form with accurate business information. Upload the required documents, such as ID card (KTP), Taxpayer Identification Number (NPWP) (if available), and bank account details for fund withdrawals. Ensure all documents are in the correct format to avoid verification delays.
2.3 Pay the Registration Fee
After filling out the form, you will be required to pay an initial registration fee. The registration fee is typically Rp30,000 to obtain a soft copy of the QRIS, which you can print yourself.
2.4 Receive Username and Password
Once the payment is confirmed, you will receive a username and password to access the QRIS management system. With this account, you can monitor transactions, check financial reports, and update business details when needed.
2.5 Complete Additional Documents
Some providers may require additional documents depending on your business category. For example, legally registered businesses may need documents such as Business License (SIUP), Business Registration Certificate (TDP), or Articles of Incorporation.
2.6 Data Verification
The QRIS provider will verify the submitted data before activating your QRIS. This process can take a few working days, depending on the provider’s policies.
2.7 Monitor Transactions
Once your QRIS is active, you can track transactions in real-time via the dashboard provided by the QRIS provider. This feature allows you to:
● Monitor daily revenue
● Check transaction history
● Set up automatic fund withdrawals to your registered bank account
3. QRIS Registration Requirements
3.1 Individual Business Category
● Business owner’s ID card (KTP)
● Personal bank account
● NPWP (optional)
3.2 Corporate Business Category
● Business incorporation documents
● Company NPWP
● Corporate bank account
3.3 Gas Station Business Category
● Gas station business license
● Business NPWP
● Corporate bank account
4. QRIS Registration and Transaction Fees
After learning how to register for QRIS, you also need to know about the associated costs. Here are the details:
4.1 Initial Registration Fee
● QRIS registration fee: Rp30,000 (to obtain the soft copy of the QR code).
4.2 Transaction Fees (Merchant Discount Rate - MDR)
● Regular merchants: 0.7%
● Education merchants: 0.6%
● Gas station merchants: 0.4%
● Non-profit organizations: 0% (no transaction fee)
4.3 Fund Withdrawal Fee
Funds can be withdrawn once the balance reaches Rp25,000, with a processing time of 2-5 working days.
● Withdrawal of Rp25,000 - Rp49,999: Rp2,000 (BCA, BRI, Mandiri only)
● Withdrawal of Rp50,000 and above: Rp3,000
● Withdrawal to banks other than BCA, BRI, and Mandiri: Additional Rp2,900 fee
4.4 Fee Simulation
If a store receives a Rp300,000 payment with a 0.7% transaction fee, the deductions would be:
● Transaction fee: 0.7% x Rp300,000 = Rp2,100
● Withdrawal fee (if withdrawing Rp100,000): Rp3,000
● Transfer to BCA: Rp0
● Total deduction: Rp5,100
● Final amount received: Rp294,900
5. Benefits of Using QRIS for Your Business
5.1 Boosts Sales
By providing an easy and practical digital payment method, customers are more likely to make transactions at your store. QRIS enables faster transactions compared to cash, reducing customer wait time and increasing sales.
5.2 Enhances Transaction Security
Using QRIS helps minimize risks such as:
● Circulation of counterfeit money
● Loss or theft of cash
● Errors in financial records, as transactions are automatically recorded
5.3 Improves Customer Experience
With QRIS, customers can pay using various e-wallet apps without worrying about carrying cash. The fast and seamless payment process improves customer satisfaction, encouraging repeat purchases.
5.4 Simplifies Financial Management
All QRIS transactions are automatically recorded, making it easier to:
● Manage business finances
● Track daily transactions
● Prepare accurate financial reports
5.5 Compatible with Various Banks
QRIS can be used for transactions with almost all banks in Indonesia connected to the national payment system. Customers can pay using e-wallets or mobile banking apps, offering more payment flexibility.
With QRIS, your business can become more modern, efficient, and secure in handling transactions. Don’t wait—register your QRIS today.
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