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Banqup Terminal: what is it and why use it

Accept electronic payments via QR codes using just your smartphone with Banqup Terminal

Maxime avatar
Written by Maxime
Updated over 2 months ago

Need to accept electronic payments in your business? Banqup Terminal transforms your smartphone into a payment terminal, letting your customers pay quickly and securely by scanning a QR code. No need for expensive hardware or complex setups - you can be ready to accept payments in under 2 minutes.

Why use Banqup Terminal?

Say goodbye to traditional payment terminals and their associated costs. With Banqup Terminal, you get:

  • A completely virtual payment solution using just your smartphone.

  • Quick, contactless payments through QR codes.

  • Automatic recording of all transactions.

  • The ability to use multiple devices at no extra cost.

  • Instant crediting to your Banqup Business Account.

Plus, you'll be fully compliant with Belgian regulations requiring merchants to offer electronic payment options.

Who uses Banqup Terminal?

Whether you run a busy café, a market stall, or a medical practice, Banqup Terminal adapts to your needs. It's particularly popular with:

  • Shop owners who want a flexible payment solution.

  • Service providers like hairdressers and therapists.

  • Food and beverage businesses, from cafés to food trucks.

  • Event organizers and festival vendors.

  • Sports clubs managing their canteens.

The app works great for both fixed locations and mobile businesses, giving you the freedom to accept payments wherever you are.

How it works

Getting started is simple. Just download the app to your smartphone and connect it to your Banqup account. When a customer wants to pay, generate a QR code for the amount, and they can complete the payment using Bancontact. The money goes straight to your Banqup Business Account, and you'll have a clear record of every transaction.

Downloading the app

Download Banqup Terminal from your device's app store:

FAQ

What's the maximum transaction amount?

€1,500 per transaction, with no daily limit on total collections.

Do I need a physical terminal?

No, just your smartphone with the Banqup Terminal app connected to your Banqup account.

Can I install the app on multiple smartphones?

Yes, you can install it on as many devices as needed at no additional cost.

Where is the collected money credited?

All payments go directly to your Banqup Business Account.

Is there a transaction history?

Yes, all transactions are recorded in your Banqup account, regardless of which device processed them.

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