What is the small exemption visa? What kind of transaction is free of confidentiality?

What is the small exemption visa? What kind of transaction is free of confidentiality?

I don't know if you have found out that many card friends spend credit card spending at some merchants. They only need to pull out the mobile phone and touch it on the pos machine. You can complete the transaction without signing and entering a password. This is actually the use of a small amount of confidentiality-free visa-free service for credit cards. So, what exactly does this small-value secret-free visa-free service mean? Let's take a look at it with Xiaobian.

What is a small exemption

The small exemption visa exemption is a small amount of fast payment service provided by China UnionPay for cardholders. When the cardholder uses the financial IC card with the “flash payment” function, when the designated merchant carries out a certain amount (300 yuan in the territory, the local limit is subject to the local limit) and the following transactions, the card or mobile device only needs to be close to the pos. The machine can accept the "flash payment" sensing area "swing card" of the terminal, and the payment can be completed. You will not be required to enter a password or sign during the payment process.

Which cards support small exemption visa exemption?

The card is a UnionPay financial IC card with "flash payment" function.

The card number starts with "62" and has the UnionPay logo and the "Flash Pay" logo. The cardholder can judge whether the card face has a "flash payment" logo.

If the cardholder is not using a traditional card, but a mobile device with a "flash payment" function, it can also support a secret-free visa-free.

What kind of transaction is free of confidentiality?

1) Adopting a card payment method

The IC card is not close to the POS “flash payment” sensing area (ie “swing card”), and the card is not supported by the card or the card.

2) The amount of a single transaction is below a certain amount (inclusive) (300 yuan in China, and the local limit is subject to overseas);

3) Compliance with the risk control requirements of the issuing bank, for example, no more than the limit of the exempted visa-free transaction on the day, which is subject to the issuing bank regulations.

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