Many merchants are asking what is the difference between a bank POS machine and a third-party POS machine? Is the third party POS safe?
1) Common features of bank POS machines and third-party POS machines:
Bank POS machines and third-party POS machines all have a big leader: the central bank. All third-party payments are paid by the central bank and are paid by the central bank with large sums of money. They all use UnionPay channels for settlement. Moreover, due to complicated bank procedures and high requirements, a large part of the bank’s POS machines actually take third-party channels (think not to put, little partners?) I believe everyone here sees that, in fact, whether it is the bank or the first All three trips are safe.
2) Differences between bank POS machines and third-party POS machines:
â— Let's talk about the bank first:
1. Most bank pos machines must have a public account, and if you install a transfer machine, you cannot swipe a credit card.
2. If self-employed people open public accounts, they need to prepare: business licenses, taxation, organization code certificates, account opening licenses, corporate seals, corporate seals, and these things. If the information is missing, it will take hundreds of dollars to supplement these materials. Nearly a thousand dollars. Now that the policy is loose, the self-employed can handle it.
3. Banks open public accounts and swipe transactions into the public accounts, which will generate a certain amount of tax revenue.
4. The bank is willing to open a public account for self-employed individuals. You have to spend hundreds more. For example: account opening fee, password payment device fee, annual fee.
5. Banks are very inconvenient to withdraw money from the public accounts. They must get cheques and go to the bank to get cash at the counter.
6, the bank to deal with strict pos machine audit, slow down, the processing cycle is usually the fastest have more than 15 days, arrival time is usually t +1.
â— Third-party POS:
1. All CUP logo credit cards can be brushed.
2. Provide personal benefits (entering money into legal accounts, not into the bank's public accounts), and reasonably avoiding taxes. You understand this.
3, arrival fast t +1.
4, the rate is more competitive.
5, can handle mobile pos machine, approval fast, convenient and fast. The machine can be taken off the day.
6. No annual fee is charged, and the service is better than the bank.
7, there is an independent background operation, convenient for you to check your daily credit card amount and money.
8, simply as a third party to pay the pos machine business procedures easier, faster arrival, t + 1 days arrival, deduction rate is low, fast!
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