315 strict counterfeit brand, fake brand of POS machine will you distinguish? (The card is recommended to look over)

The POS machine has a lot of fake brands. The fake brands in the industry are what we call OEM and Erqing. We promote their own fake brand products through the formal payment company's brand.

Erqing

First of all, let me first say that a formal clearing machine means that after the card is swiped, UnionPay, the bank or the payment company will directly clear the transaction amount to the merchant's collection account, and the funds will not go through other channels.

The second Qing refers to UnionPay, the bank or the payment company to first clear the transaction amount to the agent account of a company, and then the company will be liquidated to the merchant's account. Here, banks or payment companies think that they are merchants, but in fact they re-liquidate them from it to make a profit.

OEM

OEM means that the brand of the POS machine is a product of a payment company. This mode of the second company is used to walk through the payment company's channels or other illegal operations. But in fact this product is the product of this counterfeit company, not the company's products.

These counterfeit companies that do not have a professional payment license are not subject to relevant regulatory requirements. A large number of merchants are gathered in various ways to trade payments. Since the funds are not regulated, they can be controlled and controlled by the company. It is highly probable that funds will be intercepted, misappropriated funds, and dangerous situations in which funds are run. A non-certified company in a certain place has developed a large number of merchants using POS machines with "zero rate" and other means. Recently, the merchants have not cleared the funds on the grounds of "accounting errors, need to be verified". In the end, 10 million swipe gold rolls will run, involving more than 100 merchants.

Formal payment company

Formal payment companies must obtain relevant payment business licenses (payment licenses), and because the People’s Bank of China has issued a series of regulatory systems, the company’s activities of depositing and managing funds are regulated, and relevant funds must be required. The full deposit is in a qualified reserve bank. According to the customer's payment instructions, the funds are allocated by the bank and may not be misappropriated, occupied or borrowed. Therefore, a regular payment company can guarantee the security of funds.

Nowadays, under the strict crackdown of UnionPay, there are fewer and fewer illegal companies in Erqing and illegal, and the payment market is becoming more and more standardized. However, there are still non-compliant companies and products on the market. You must choose the company that uses the POS machine. You must choose a payment company that has a formal payment license!