That video makes no sense, sorry. In order to clean the pads (which is pretty much needed for the new component to actually be in place), you need a soldering iron. If you have the right soldering iron (temp controlled, small tip), you can do the repair much more easily. Also, what they do not show is the need to "bake" the board to melt the product by putting the board in an oven. Good luck putting a board as complicated as a P3S in an oven and hoping to get the perfect reflow temperature for every component on both sides. Unless you have a professional reflow oven with temperature controlled profiles, you will destroy the board (components will shiftand/or be damaged by the heat). Reflowing a board is hard, and no repair person would ever reflow an entire board when a single component needs a simple soldering that can be done with a <$40 soldering iron. I would most definitely not recommend anyone to use that product:the video is misleading
Conductive ink or glue is also not recommended for a quadcopter: vibrations will make the bond fail. Might work in some cases for more stationary devices
The OP asked the same question on RCGroups and the answer is the same: use a temperature controlled soldering iron and that switch can be re-soldered in a few seconds. If the OP is not familiar enough with a soldering iron, it's easy to find a friend or hobbyist with one. Or, worst case, any phone repair shop can do that soldering job for a very low cost (since the board is already open and ready)