Nowadays, it is a big era of mobile payment. People have already developed the consumption habit of “one card is easy to consumeâ€, so in order to cater to the consumer merchants, they have configured POS machines in the store for consumers to use, but many people do not Understand the pos machine, when there is a small problem, they will rush to find a supplier, so listed some basic knowledge for the merchant to learn. The POS machine's small knowledge as a merchant must understand more and better. In today's environment, the POS market is booming but the system is not perfect. Many unofficial authorized institutions are disrupting the market, so merchants must understand this type. Knowledge, when buying a POS machine, take the initiative, distinguish between true and false, and protect their own interests! Wenzhou Vigorous Pet Products Co.,Ltd , https://www.vigorouspet.com
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1. What is the limit?
POS machine quotas are common to merchants that settle accounts with private accounts, such as single transaction limits, or single card transaction limits, or daily arrival limits, etc., which impose different limit requirements based on different risk control policies of the acquirer to reduce illegal transactions. risk.
2. Can the name of the merchant be taken at will?
It is not allowed to start at will. According to the requirements of the trading message specified by UnionPay (the guide for the completion of the Chinese name of the merchant), the name of the merchant is composed of administrative divisions, font size, industry and organization.
3. What is a machine and a code?
The machine that is officially processed is one machine and one code. According to the five-certificate information of the merchant, the MCC code authorized by UnionPay and can be checked is bound to a machine to protect the security of the merchant's funds.
4. What is the machine to join the network?
The source of the POS terminal generally has two places, or a custom machine provided by the payment company. The POS program belonging to the brand has been installed in the POS machine, or the bare machine sold by the POS terminal manufacturer is provided by the downstream channel. Negotiate the purchase price, and install the POS program provided by the payment company that belongs to the model, and need to enter the equipment number of these self-contained bare metal into the payment company's system database. Many payment companies support their own agent channels to bring their machines to the network. However, in fact, according to the UnionPay regulations, such behaviors are likely to cause trade security risks are not allowed.
5. What is an electronic signature?
The electronic ticket automatically generated by the POS terminal according to the consumer order and provides a signature function.