The third-party payment institution that is not known, the risk of POS machine cashing is so great!

Third-party payment is an intermediary for payment processing and settlement between merchants and customers. The profit model is to collect service fees from customers according to the proportion of transaction volume. The main business is collection, which is divided into four types, namely POS service, internet payment, mobile payment. And cross-border payment services.

In the market, relying solely on the acquiring business, the income of third-party payment institutions has been very impressive. The annual profit of an organization can be as high as 100 million. The profit of third-party payment companies depends mostly on some gray businesses, such as POS machines.

For a third-party payment institution, a POS machine will issue an individual or a merchant. The fee incurred for each transaction will have a handling fee. The more transactions, the more the fee, so the higher the profit earned, but the POS machine is used to cash out. The behavior is undoubtedly good for third-party payment institutions.

However, this kind of business, after many financial institutions' management policies have been issued, have corresponding supervision. In the Internet, the purpose of third-party payment agencies is to provide small, fast, and convenient micro-payment services, which limits the scale of the business. And these businesses also carry risks.

As far as the first business is concerned, in the case of cooperation with merchants, there is a transaction of funds, and the theme of the POS machine is the individual, the merchant is acting as an auxiliary role, the idea of ​​the merchant cashing is not feasible, but the individual will apply for the virtual Commodities are traded in cash, and the current policy is not targeted in this regard. The use of POS machines for credit card cashing may be caused by this part of the regulatory gap.

However, the current set of personal, from the bank's point of view is also illegal, if the regular repayment, the bank's loopholes, so the bank may not pursue legal responsibility. At present, third-party payment companies have more problems in cashing out, and licensed companies are more problem-prone.

Since the central bank issued the third payment license for the first time in 2011, a total of 271 payment licenses have been issued. In January 2018, the central bank announced the fifth batch of renewal decisions, leaving only 243 payment licenses on the market.

The amount of payment licenses has entered a rare, in principle, not to issue new payment licenses, the old sayings are rare, the limited number of payment licenses, their own prices will also increase, so if third-party payment institutions Without cherishing the license and continuing to follow the loopholes in the policy, the regulatory authorities will make corresponding legal provisions and may not recover the existing third-party payment institution license.