Recently, some university graduates who want to start a business have found this reporter and want to know about the knowledge and precautions of the merchant pos machine. In addition, the reporter found that some merchants who have installed POS machines also have some questions about the application of POS machines. In this regard, the reporter specially consulted the relevant persons of the Shijiazhuang Central Branch of the People's Bank of China and asked them to answer them.
Question 1: Which of the acquiring institutions in Hebei Province can handle POS machines?
What are the benefits of accepting bank cards compared to cash transactions? I believe merchants have the knowledge that they can collect prompts quickly, correctly, check out the accounts accurately, safely and hygienicly, facilitate performance statistics, and fundamentally get rid of the problem of “zeroing and wiping outâ€. Wait. But for which institutions can handle POS machines, many merchants are not very clear.
According to the person in charge of the Shijiazhuang Central Branch, the main body of the acquiring business in our province is divided into two categories: banking financial institutions and third-party payment institutions:
First, all types of banking financial institutions can conduct bank card acquiring business in compliance.
Second, the third-party payment institution branch needs to complete the bank card receipt business in the province after the completion of the record by the pedestrian Shijiazhuang Central Branch. With the increase in the number of third-party payment institutions that have completed the filing, the Shijiazhuang Center Sub-branch has posted a list of third-party payment institution branches that can carry out bank card acquiring business in Hebei Province on the official website. The list will be updated dynamically for the public. Inquire. As of December 1, 2014, there are 17 branches of third-party payment institutions that have compliance with the bank card acquiring business in our province, namely: Tonglian Payment Network Service Co., Ltd. Hebei Branch, Lakara Payment Co., Ltd. Shijiazhuang Branch, Yibao Payment Co., Ltd. Hebei Branch, UnionPay Business Co., Ltd. Hebei Branch, Quick Money Payment and Clearing Information Co., Ltd. Hebei Branch, Shanghai Huifu Data Service Co., Ltd. Shijiazhuang Branch, Shanghai Huashi Information Technology Co., Ltd. Shijiazhuang Branch, Ping An Electronic Payment Co., Ltd. Hebei Branch, Lefu Payment Co., Ltd. Shijiazhuang Branch, Shande E-Commerce Service Co., Ltd. Hebei Branch, Accompany Payment Co., Ltd. Hebei Branch, Kayou Payment Service Co., Ltd. Hebei Branch, Zhonghui Electronic Payment Co., Ltd. Hebei Branch, Guangdong Jialian Payment Technology Co., Ltd. Hebei Branch, Shanghai Fuyou Payment Service Co., Ltd. Hebei Branch, Shenzhen Yinsheng Electronic Payment Technology Co., Ltd. Hebei Branch, Beijing Haike Rongtong Payment Services Co., Ltd. Village branch.
According to reports, merchants want to install a POS machine with the necessary conditions: the merchant holds a valid business license issued by the industrial and commercial department, holds a valid tax registration certificate or tax payment certificate, has a fixed business location, has a certain scale of operation and Proof of continuing operations or other requirements that are specifically required by the acquiring institution. After the acquiring institution completes the deployment of the POS machine, the merchant shall test whether the information of the card-small ticket is consistent with the information provided by the merchant. If the information is inconsistent, the acquiring institution shall be required to correct it in time. At this point, the merchant becomes the special merchant of the acquiring institution, and the acceptance agreement is made in two copies. The acquiring institution and the special merchant each save one copy, so that the special merchants claim legal rights.
Question 2: With so many acquirers, which one should I choose?
At present, in addition to the qualifications of various banks in the domestic bank card collection market, as of September 2014, more than 60 payment institutions nationwide have obtained bank card acquiring business licenses, and currently have the qualifications for bank card receipts in our province. A total of 17 third-party payment institution branches have completed the filing. So, how should a merchant choose an acquirer? Pedestrians suggest that the following issues should be focused on:
Check the list of third-party payment institution branches that carry out bank card acquiring business in Hebei Province through the website of the pedestrian Shijiazhuang Central Branch. The relevant payment institutions in the list can carry out bank card acquiring business in compliance with Hebei Province. The merchants are requested to check the list of websites in time to determine whether the acquiring institution has the qualification to deploy POS machines in compliance with the regulations in our province.
Handle formal channels for POS machines, avoid online purchases, and reduce agency handling. POS machines belong to financial instruments and are related to the security of merchants' funds. At present, fraudsters pretend to be the acquiring institutions, and they are tricked into POS by the merchants at a discount rate. When the merchants start to install the POS machine, the account is normal, but with the accumulation of funds in the merchant account or a large amount of funds, the fraudster may maliciously deduct or suspend the account, causing the merchant to suffer direct economic losses.
Carefully check the POS management company's qualifications and, if necessary, call the acquiring institution's hotline for verification. Some POS machine agencies do not have the corresponding business qualifications, but they still pretend to be the acquiring institutions for POS marketing. Since these companies have no professionals and employees are highly mobile, after the merchants handle the POS machines from these companies, the funds reconciliation, capital error handling, machine maintenance, and consumables distribution are not guaranteed, resulting in troubles in the use process.
Check the POS machine to print a small ticket to ensure the authenticity of the transaction. At present, POS machines are deployed on the market in the form of merchants paying deposits and collecting institutions. However, some POS machine agencies use forged business licenses and tax registration certificates to apply to low-deduction rate POS to sell to merchants. After getting the POS machine, the merchant must carefully check whether the small ticket information printed by the POS machine is consistent with its own information. Inconsistent ones may be falsely applied for POS machines. Such POS machines are likely to cause financial losses. The financial consumer rights protection department and the regulatory agency cannot effectively determine the legal rights of the special merchants because they cannot determine the ownership of the POS machine.
Question 3: What are the rules for card processing fees? Is there any risk of violations?
In the interview, the reporter found that there are individual acquirers in the market in order to compete for merchants, and they will not hesitate to obtain lower rates by forging merchant information and changing merchant categories. The pedestrians of Shijiazhuang Central Branch said that this behavior violated the relevant provisions of the “Administrative Measures on Bank Card Collection Businessâ€, which disrupted the order of the bank card acquiring market and caused great harm to the bank card acquiring market credit system. Faced with both economic and administrative risks: the POS machine applied for false materials, the merchant's own financial security can not be guaranteed, once the risk occurs, the regulatory authorities can not effectively protect the legitimate rights and interests of the merchant; because the forged documents have violated the law, the merchant will face the inability to contact the POS The machine agency company compensated for the funds and was implicated in the crime of forging the state agency documents by the agency.
It is understood that the current implementation standards for bank card swipe fees in China are "Notice of the People's Bank of China on Effectively Adjusting the Implementation of Bank Card Fees and Fees," and "National Development and Reform Commission on Optimizing and Adjusting Bank Card Fees." Notice, the document clearly defines four rate standards according to the merchant category: 1.25% for meals and entertainment, 0.78% for general classes, 0.38% for people's livelihood, and 0 for public welfare.
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