First, why should the merchants install pos machines?
With a POS installed, turnover will generally increase by 20%! Electronic payment is increasingly becoming an integral part of people's daily lives. In the face of this huge demand, domestic mainstream financial POS vendors are accelerating into the "fast lane" of development.
At present, the POS industry has entered a period of steady growth. From the perspective of coverage of POS terminals, the number of POS machines per capita in China is much lower than that of foreign countries, and the market space is broad. The data shows that China has 13.7 POS machines per 10,000 people. In the United States, the number jumped to 179 units, while in South Korea it was 625 units.
The People's Bank of China has accelerated the upgrading of the bank card industry. Before 2015, the bank magnetic stripe cards will all be replaced with IC cards, and the financial IC cards have entered a rapid and large-scale development stage. With the change of bank card "core", POS manufacturers face new considerations: in terms of security, IC card readers that comply with PBOC2.0 and EMV2000 specifications are required, and the whole machine security (including terminal host and password keyboard) is highly valued. --- In addition to the publicly known PIN pad, all aspects involved in the storage, processing and transmission of sensitive information should be security modules.
Second, what are the benefits of installing a pos machine?
1. Retain customers: The store can use credit card consumption, and will not lose customers because it does not support card swiping;
2. Let your business face the 3 billion holders of domestic bank cards and 1.5 billion holders of international cards;
3. Safety: no need to keep a lot of cash in your shop;
4. There is no need to worry about invalid checks, the receipt of counterfeit banknotes and the risk of carrying large amounts of cash to the bank;
5, can avoid human error in cash operations and the occurrence of theft;
6. Attract more consumers: The survey shows that most merchants can increase sales by 20% by accepting bank card payments;
7. Encourage customers who want to shop in cash but who want to shop;
8. Instant background transaction data allows you to control the sales and operation status of sub-mergers at any time;
9. Improve transaction processing speed and improve the efficiency of merchant funds.
10, easy to analyze in-store sales data, more reasonable inventory management.
Many merchants do not know whether to choose a bank or a third-party payment when choosing a pos machine. So what is the difference between a bank and a third-party payment? Is it safe to choose third-party payment?
Commonalities:
Both the bank's pos and third-party pos have a big leader: the central bank. All third-party payments have a payment license issued by the central bank and a large margin is paid by the central bank. All directly go through the UnionPay channel settlement. And because the bank procedures are complicated and the requirements are high, a large part of the bank's pos machine is actually a third-party channel. (I didn't think of it, my friends? I believe everyone sees it here, in fact, whether it is a bank or a third party. Payments are safe.
difference:
1: Most bank pos machines must have a public account, and if you install a money transfer machine, you can't swipe your credit card.
2: If a self-employed person opens a public account, he/she needs to prepare: business license, tax, organization code certificate, account opening permit, corporate seal, legal person's private seal, these things. If the information is not uniform, it will take several hundred to make up the information. Nearly a thousand dollars. Now that the policy is loose, individual households can also handle it.
3: The bank opens a public account and swipes the card into the public account, which will generate certain taxes.
4: The bank is willing to open a public account to the self-employed, and you have to spend hundreds of thousands. For example: account opening fee, password payer fee, annual fee. . .
5: The bank is very inconvenient to withdraw funds from the public account. You must have a check to go to the bank to queue up to withdraw money.
6: The bank handles the pos machine strictly, and the machine is slow. The processing period is usually the fastest, and it takes more than 15 days. The arrival time is usually t+1.
What about third-party payment POS machines?
1: All UnionPay logo credit cards can be swiped.
2: Provide private (the money into the legal person account, do not enter the bank to the public account), reasonable tax avoidance, this you know.
3: The account is fast t+1.
4: The rate is more competitive.
5: Can handle mobile POS machine, quick approval, convenient and quick to handle. Can be off the same day.
6: No annual fee, the service is definitely better than the bank.
7: There is a separate background operation, so you can check your daily card amount and money at any time.
8: Simply speaking, as a third-party payment, the POS machine business procedure is simpler, the account is faster, t+1 days arrive, the deduction rate is low, and the machine is fast!
With a POS installed, turnover will generally increase by 20%! Electronic payment is increasingly becoming an integral part of people's daily lives. In the face of this huge demand, domestic mainstream financial POS vendors are accelerating into the "fast lane" of development.
At present, the POS industry has entered a period of steady growth. From the perspective of coverage of POS terminals, the number of POS machines per capita in China is much lower than that of foreign countries, and the market space is broad. The data shows that China has 13.7 POS machines per 10,000 people. In the United States, the number jumped to 179 units, while in South Korea it was 625 units.
The People's Bank of China has accelerated the upgrading of the bank card industry. Before 2015, the bank magnetic stripe cards will all be replaced with IC cards, and the financial IC cards have entered a rapid and large-scale development stage. With the change of bank card "core", POS manufacturers face new considerations: in terms of security, IC card readers that comply with PBOC2.0 and EMV2000 specifications are required, and the whole machine security (including terminal host and password keyboard) is highly valued. --- In addition to the publicly known PIN pad, all aspects involved in the storage, processing and transmission of sensitive information should be security modules.
Second, what are the benefits of installing a pos machine?
1. Retain customers: The store can use credit card consumption, and will not lose customers because it does not support card swiping;
2. Let your business face the 3 billion holders of domestic bank cards and 1.5 billion holders of international cards;
3. Safety: no need to keep a lot of cash in your shop;
4. There is no need to worry about invalid checks, the receipt of counterfeit banknotes and the risk of carrying large amounts of cash to the bank;
5, can avoid human error in cash operations and the occurrence of theft;
6. Attract more consumers: The survey shows that most merchants can increase sales by 20% by accepting bank card payments;
7. Encourage customers who want to shop in cash but who want to shop;
8. Instant background transaction data allows you to control the sales and operation status of sub-mergers at any time;
9. Improve transaction processing speed and improve the efficiency of merchant funds.
10, easy to analyze in-store sales data, more reasonable inventory management.
Many merchants do not know whether to choose a bank or a third-party payment when choosing a pos machine. So what is the difference between a bank and a third-party payment? Is it safe to choose third-party payment?
Commonalities:
Both the bank's pos and third-party pos have a big leader: the central bank. All third-party payments have a payment license issued by the central bank and a large margin is paid by the central bank. All directly go through the UnionPay channel settlement. And because the bank procedures are complicated and the requirements are high, a large part of the bank's pos machine is actually a third-party channel. (I didn't think of it, my friends? I believe everyone sees it here, in fact, whether it is a bank or a third party. Payments are safe.
difference:
1: Most bank pos machines must have a public account, and if you install a money transfer machine, you can't swipe your credit card.
2: If a self-employed person opens a public account, he/she needs to prepare: business license, tax, organization code certificate, account opening permit, corporate seal, legal person's private seal, these things. If the information is not uniform, it will take several hundred to make up the information. Nearly a thousand dollars. Now that the policy is loose, individual households can also handle it.
3: The bank opens a public account and swipes the card into the public account, which will generate certain taxes.
4: The bank is willing to open a public account to the self-employed, and you have to spend hundreds of thousands. For example: account opening fee, password payer fee, annual fee. . .
5: The bank is very inconvenient to withdraw funds from the public account. You must have a check to go to the bank to queue up to withdraw money.
6: The bank handles the pos machine strictly, and the machine is slow. The processing period is usually the fastest, and it takes more than 15 days. The arrival time is usually t+1.
What about third-party payment POS machines?
1: All UnionPay logo credit cards can be swiped.
2: Provide private (the money into the legal person account, do not enter the bank to the public account), reasonable tax avoidance, this you know.
3: The account is fast t+1.
4: The rate is more competitive.
5: Can handle mobile POS machine, quick approval, convenient and quick to handle. Can be off the same day.
6: No annual fee, the service is definitely better than the bank.
7: There is a separate background operation, so you can check your daily card amount and money at any time.
8: Simply speaking, as a third-party payment, the POS machine business procedure is simpler, the account is faster, t+1 days arrive, the deduction rate is low, and the machine is fast!
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