Things you need to know about POS
POS machine is the payment machine equipment used by merchants for non-cash payment. You can read the information content of the article savings card, VIP card, barcode and QR code, which is used in the business process of acquiring business.
What types of popular POS machines are there?
Traditional POS: fixed type and wireless network mobile type
There are network lines and broadband lines for communication;
-Wireless network mobile type:
Communication methods include GPRS, mobile bluetooth, WIFI, etc.
Mobile phone pos machine: sub-audio frequency connection and mobile phone Bluetooth
-Audio credit card machine:
The communication method is: connect to the audio port of the mobile phone. Alias audio mobile phone pos machine;
-Bluetooth credit card machine for mobile phones:
The communication method is: connect to a Bluetooth mobile phone; the key is the keyboard version with password and the headline of the card.
Note: The credit card machine also has the difference of applying bank card magnetic stripe and core card.
What are the functions of the pos machine?
-Ensure the safety of assets and prevent the risk of cash payment
-Reasonably avoid cash and counterfeit coins, and avoid the trouble of change
-Reprint the market sales records and transaction invoices
-There is no need to have a lot of cash in the store, eliminating the hassle of storage
-Facilitate the consumer monetary consumption market and enhance the level of service projects
-Can reach all savings cards in China to complete transactions
-Simple handling process, more convenient for private accounts
-Lower credit card fees, reducing main business costs
What is a third-party payment enterprise?
Have a certificate of qualification recognized by the central bank; an independent third-party organization that provides platform transactions for electronic payments. The business scope of third-party payment companies generally includes: acquiring business, online payment, and prepaid card sales. At the same time, it is subject to regional restrictions. The business types of third-party payment companies include: Alipay wallet, qq wallet and other online payment companies, and China UnionPay, Yuanqian, etc. payment companies that provide offline promotion of acquiring business service projects.
5. What is the central bank payment license?
That is, the People’s Bank of China is authorized to engage in a business process license for non-financial companies that are authorized to engage in payment business processes in accordance with relevant laws and regulations. Its business types include:
(1) loan currency exchange.
(2) online payment.
(3) mobile payment.
(4) Landline number payment.
(5) Cable digital TV payment.
(6) Sale and processing of prepaid cards.
(7) Acquiring business.
(8) Other financial services signed by the People’s Bank of China.
Can a company that has obtained a central bank payment license be able to sit back and relax?
This is not the case. Generally, the central bank will review every 2-5 years depending on the sales market situation and the company’s production and operation conditions. For more serious violations, the payment business process license will be retrieved, and for those who are not good at operation, it will invite conversations. It conducts equity swaps or other collaborations with companies that are capable of fighting. The sample picture is as follows:
What is Yiqing and Erqing?
Merchants’ buying and selling assets are immediately settled by the third-party payment company with the license plate of the acquiring business to the merchant, and if the merchant’s buying and selling assets are settled by the non-third-party payment companies acquiring side, it is called the second settlement. The remittance party can actually be identified by looking at the bank statement of the savings card.
What is “interest rate”?
That is, the application of POS to carry out the transaction fee of credit card, the service fee is determined according to the different industry categories of the merchants and the MCC code specification required by China UnionPay. The service fee rights and interests are divided by the card issuing organization to obtain 70%, and the three-party payment platform receives 20% accounted for, China UnionPay settlement organization got 10%.
What is “divided commission”?
The sub-commission comes from the service fee for all users of the development trend based on the signing of the interest rate transaction on the POS, and the transaction fee remuneration paid by the acquirer to the method party. The optimized algorithm is that the transaction amount is multiplied by (the merchant’s contracted interest rate minus the cost and fee settlement interest rate derived from upstream and downstream), and the profit obtained is called sub-commission.
How to apply for pos machine?
Under normal circumstances, the merchant will give the materials to the third party to pay for the enterprise’s bid.
What is “MCC code”?
The merchant type code formulated by UnionPay Commerce, which is set by the third-party payment company for the acquiring business, is used to mark the natural environment of UnionPay credit card transactions. The main business scope and field of the merchant belongs to, and the clearing service fee of regional transfer merchants is distinguished The key basis for the specification; it is also one of the key data materials for the UnionPay credit card trading industry status and reporting, the UnionPay credit card business process risk control and manipulation. Simply put, the merchants apply for POS machines and need to follow their business licenses. Scope to clarify the credit card handling fee. The key is divided into: food and entertainment category 1.25%, general category 0.78%, to the top category 0.78% 26. People’s livelihood engineering category 0.38%
Can one document apply for multiple POS machines?
Under normal circumstances, private settlement accounts can handle one or two devices with one piece of material, and public account settlement accounts can apply for several devices based on their operating qualification certificates. But the details depend on the current policies of the three-party payment platform.
Why does a piece of equipment have various interest rates?
From the perspective of traditional POS, one machine with multiple interest rates is an illegal operation, but the sales market has requirements and there are existing reasons. Different interest rates mean different secret trading channels, which is the area of difference that allows the same merchant to add. Let merchants choose different economic and different interest rates to carry out transactions based on different requirements.
What is “to the top”?
According to China UnionPay field MCC code requirements, debit card transactions are calculated at the top. The service fee of 10,000 yuan has been higher than 20 yuan, and the service fee is uniformly paid at 20 yuan.
What is credit card integration?
POS machine consumption points are a kind of reward given by the issuing bank to the user for using the in-bank card. The essence is that a part of the sales income obtained by the financial institution from this transaction is given to the customer in gratitude. Therefore, in order to get points, then the user’s contribution to the financial institution should be exceeded, at least equivalent to the credit card profit of the financial institution, after all, there is no inexplicable and complete free lunch. According to the current situation of the sales market in China UnionPay area, generally speaking, the low deduction rate field contributes very little profit to the issuing bank, so most of it is not caused by points.
In addition, whether there are points is also related to the type of credit card. For example, generally bank credit cards all have points, while savings cards (not cashable) do not have points. However, this cannot be generalized. For example, the savings cards sold by China Merchants Bank now have POS points.
Therefore, the key to whether there are points lies in two levels: one is the interest rate of the POS machine assembled at the trading venue; the other is whether the type of credit card of your holder is causing the points. It is best to know the issuing bank beforehand.
Where can I buy copy paper for pos machines, and what specifications and models?
Generally given by regional agents, Taobao and stationery stores have sales, the market price is 0.5 yuan/roll, and the size is generally 57mm*40mm.
Note: pos machine copy paper is thermal paper roll
What is a flow card?
The SAM card used to connect the POS machine to the network for GPRS communication has a difference in calories, a difference in the level of communication data signals, a flow card with an 11-digit number that can be recharged online, and a one-time-use flow card for prepaid total flow. Generally, one POS machine; many devices are all built-in flow cards