QFPay

QFPay Overview for Merchants

QFPay is a payment technology company that provides in-store and online acceptance across cards and popular digital wallets. Merchants use QFPay to unify card and QR code payments at the point of sale, enable secure web and mobile checkout, add payment links for remote collection, and plug into e-commerce platforms. QFPay focuses on practical integration, fast settlement timelines for supported methods, and a real-time merchant portal for operations. The provider reports serving more than 1 million merchants with billions of cumulative transactions processed and a cumulative transaction value measured in the hundreds of billions.

Key Capabilities At A Glance

• Multichannel acceptance: POS terminals with card and QR, online checkout, APIs, payment links, recurring payments, and WeChat Official Accounts or Mini Programs.

• Broad payment method coverage: support for major card brands and 15 digital wallet or local methods listed in the FAQ.

• E-commerce integrations: ready-made plugins for Shopify, WooCommerce, Magento, and OpenCart.

• Developer resources: hosted checkout, embeddable components, common APIs, and POS SDKs.

• Merchant operations: a free portal for real-time transaction records, export and reconciliation.

Supported Payment Methods

According to the FAQ, QFPay HK supports 15 methods. These include Visa, Mastercard, UnionPay cards, Apple Pay, Google Pay, Samsung Pay, PayMe, Alipay, AlipayHK, WeChat Pay, WeChat Pay HK, BoC Pay, Tap and Go, Faster Payment System, and UnionPay QuickPass. Merchants can apply once and activate multiple methods, or select only the methods they need.

Settlement Timelines

• QR code payments can be disbursed as quickly as T+1.

• Card transactions can be settled as quickly as T+2.
  Actual bank-in dates depend on bank processing.

In-Store Payments

Mobile Terminal

QFPay’s mobile terminal accepts both card and QR payments in one device. Hardware features described include a rear and front camera, card slots for swipe and insert, an NFC sensor area for contactless, and a built-in high-speed printer. Transaction records are visible via the QFPay merchant app on the terminal, and the portal provides real-time access to view, sort, filter, and download data.

POS Integration and POS API

Merchants can integrate existing cash registers or ECR systems with QFPay using the POS API. The terminal supports card chip and NFC as well as QR payments. QFPay states the solution meets EMV certification standards and secures data with encryption and authentication. Developers can connect their merchant app to the QFPay POS and manage payments, refunds, and receipts programmatically.

Merchant App and QR Code Stickers

For simple in-store workflows, the Merchant App collects payments and shows transaction history. QR code stickers are available for static QR acceptance in supported scenarios.

Online Payments

QFPay Checkout Services

Merchants can use a secure, low-code hosted checkout page or embed checkout components into their own site. The checkout can be branded with the merchant’s logo and colors, and it automatically adapts to PC and mobile. Integration is described as fast, with only essential parameters required to start testing. The platform supports a range of local payment methods, consistent with the FAQ list.

Payment Link

Payment links allow remote or invoice-style collection without a full website. Merchants generate a link and share it with customers to complete payment through their devices.

Recurring Payment

Recurring payment supports card payments and tokenization. Sensitive card data is replaced with tokens to help reduce risk while enabling automatic subsequent charges. Notifications and automated completion are part of the described flow.

WeChat Official Accounts and Mini Programs

QFPay enables complete payments inside the WeChat ecosystem, including Official Accounts, Moments, chat windows, and Mini Programs. The product page highlights RMB support for businesses that operate in or deal with the Chinese market.

E-Commerce Plugins

QFPay provides plugins for Shopify, WooCommerce, Magento, and OpenCart. The Shopify page describes a Hong Kong deployment where customers can pay with wallets such as Alipay, AlipayHK, WeChat Pay, China UnionPay QuickPass, FPS, and cards. Availability and supported methods depend on market and integration, so merchants should confirm compatibility and coverage for their store.

Developer Experience

The Developer Centre documents in-store, online, and e-commerce integrations:

• In-store modes: Merchant Present QR Code Mode, Consumer Present QR Code Mode, and the POS API.

• Online shop: Visa and Mastercard online payments, hosted Checkout Services, an embeddable component, Recurring Payment, and online pre-authorisation.

• SDK references: links to wallet vendor SDKs and downloads for POS and app-to-app integrations.

Documentation provides structure for parameter fields, integration flows, and testing guidance. Technical support contact details are published for developers.

Merchant Operations and Financing

• Merchant portal: access real-time transaction records without waiting for daily or monthly statements. The portal can support exporting data for accounting and reconciliation and managing multiple cashiers.

• Connectivity: payment terminals connect via Wi-Fi or SIM card.

• Fees: QFPay indicates there are no annual fees or machine rental fees. Transaction fees apply per the contract for each transaction.

• Financing: QFPay participates in the Commercial Data Interchange program. With merchant consent, QFPay can provide transaction data to financial institutions to help expedite lending decisions.

Security And Compliance Notes

• Encryption and authentication are highlighted for POS and online products.

• The POS API page states the solution meets EMV certification standards and ensures PCI compliance on the terminal side.

• Recurring payments use tokenization to avoid storing raw card data in merchant systems.

Merchants remain responsible for implementing their own data security controls and compliance processes appropriate to their environment, especially when handling card data on their infrastructure. Using hosted or tokenized flows can reduce exposure.

Implementation Workflow

1. Application and KYC
   Submit required documents and sign the contract. The FAQ notes account opening can be completed as quickly as 1 working day after documents are accepted and risk assessment is done.

2. Method Selection
   Choose the payment methods relevant to your business. A single application can activate multiple methods, and you can add methods later.

3. Integration Path

   • In-store: deploy mobile terminals and connect cash registers through the POS API if needed.

   • Online: use the hosted checkout, embed a component, or implement APIs.

   • E-commerce: install the plugin for your platform where available.

4. Testing and Go-Live
   Follow the Developer Centre for test parameters, then move to production. Ensure reconciliation and refund flows are tested in the portal.

5. Operations
   Monitor real-time transactions in the portal, export reports, and manage cashiers. Confirm settlement timelines for your methods and bank.

Who QFPay Fits Best

• Retail, food and beverage, and services that want unified card and QR acceptance with built-in printing, QR order flows, and POS integration.

• Online merchants that need a fast hosted checkout or a low-code component plus payment links for remote invoices.

• E-commerce sellers on Shopify, WooCommerce, Magento, or OpenCart who need wallet acceptance in supported markets.

• Merchants seeking financing where transaction data can support loan applications through participating institutions.

Conclusion

QFPay offers a multi-channel acceptance stack that spans terminals, QR, web checkout, links, recurring payments, and WeChat flows, with plugins for popular e-commerce platforms and developer-friendly APIs. The FAQ clarifies supported methods, settlement timeframes, and the absence of annual or rental fees, while the portal and device features support day-to-day operations. For merchants active in supported markets, QFPay can centralize card and wallet acceptance with a straightforward path from application to go-live.