Don't do it for free! Bank POS fiasco! 80% of merchants are keen on third-party payment for POS!

Most of them choose to apply for bank POS:

1. If there is a loan demand, it will not work;

2. Various relationship households;

3. The deceived POS machine has been harmed;

The other reason is the use of POS products provided by third-party payment companies.

So what exactly is the difference between bank and third-party payment? Is it safe to choose third-party payment?

So let ’s talk about the common ground first:

Bank POS and third-party POS have a big leader: the central bank. All third-party payments have payment licenses issued by the central bank and pay huge deposits in the central bank. All settle directly through UnionPay channels. And because of the complicated bank procedures and high requirements, a large part of the bank's POS machines actually use third-party channels. Three-party payment is safe.

But security is not absolute, because some criminals will use some loopholes to wipe the ball, so you must choose a big brand when choosing a third-party payment! Never choose the second clear machine and the POS machine without payment license.

Then we will talk about the differences:

Third-party paid POS ...

1. All credit cards with UnionPay logo can be swiped.

2. Provide private access (money into legal person accounts, not bank to public accounts), reasonable tax avoidance, you understand.

3. T + 0 is fast for arrival.

4. The rate is more competitive.

5. Can handle mobile POS machine, fast approval, convenient and fast. You can disembark on the same day.

6. Support scan code, Alipay, etc.

7. There is an independent background operation, which is convenient for you to check your daily credit card amount and payment at any time.

SO: In simple terms, the POS machine business procedure as a third-party payment is simpler, the payment is faster, T + 0 days to the account, the deduction rate is low, and the machine is fast.

Besides banks, after reading a comparison of interest that has not been dealt with at all:

1. Most bank POS machines must have a public account, and if you install a transfer machine, you cannot swipe your credit card.

2. For self-employed to open a public account, you need to prepare: business license, tax, organization code certificate, account opening license, corporate seal, private seal of legal person, these things, if the information is not complete, it will be hundreds Nearly a thousand dollars. Now that the policy is loose, self-employed individuals 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. Banks are willing to open self-employed accounts for self-employed individuals, and you have to spend hundreds or thousands. For example: account opening fee, password payment device fee, annual fee.

5. It is inconvenient for banks to withdraw money from public accounts. They have to write a cheque and go to the bank to queue up at the counter to withdraw money.

6. Banks handle strict POS machine review, slow down, and the processing cycle is usually 15 days at the fastest. The arrival time is usually T + 1.

7. The POS machines handled by banks are all fixed POS machines. There is no hope to go to the bank to handle mobile POS machines.

Source: Shenzhen POS Investment Promotion Center [China Pay Payment POS] http: //