The settlement period stands for ts, which means the second is up. Both are based on the settlement cycle. Under normal circumstances, the settlement period of POS machines is t 1, which means that the account will be received the next day and the holidays will be postponed. D 1 based on t 1, holidays will not be postponed, and the accounts will be received normally. Ts, relative to both, is a second. Just brush it and arrive directly. T 1 means that all POS transactions occurred on the same day are postponed to the next trading day for settlement. This settlement method is in line with the fund settlement method of UnionPay, and its security and stability are greatly guaranteed. Settlement cycle refers to the length of transaction time covered by each payment calculation. Because there are a lot of frequent transactions in the actual business, such as JIT production in some enterprises, they have to be delivered many times every day. If settlement, invoicing and payment are required every time the goods arrive, the cost of both parties will increase, so a settlement cycle is usually agreed.

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1, third-party payment

Third-party payment refers to an independent institution with certain strength and credit guarantee, which is connected with the bank payment and settlement system by signing contracts with major banks to facilitate transactions between the two parties. In the third-party payment mode, after purchasing goods, the buyer uses the account provided by the third-party platform to pay for the goods (to the third party), and the third party informs the seller that the goods have arrived and requests delivery; The buyer will notify the third party to pay after receiving the goods and confirming the inspection; Then the third party transfers the money to the seller's account.

2.POS machine

POS machine is a terminal reader equipped with bar code or OCR code technology, which has the cashier function of cash or barter bank, provides data service and management function for commodity and media transactions, and carries out non-cash settlement. Widely used in electronic systems in retail, hotel and other industries, its main function is to count the sales, inventory and customer purchase behavior of goods, and the operating efficiency can be improved through this system.

3. What is the meaning of D+ 1 on the 3.pos machine?

D stands for one day. D+ 1 means that the account will be received the next day regardless of the trading day or holidays. POS machine delivery method:

①T+ 1 arrives at the account, the next working day of swiping the card. For example, in 2022, it is Tuesday, and the money for swiping the card will arrive on Wednesday the next working day. In 2022, it will arrive on Friday, next week, and on Saturday and Sunday.

2 T+0 arrives, which means that the money for brushing POS machines will arrive on the same working day.

(3) D+0 account, that is, the credit card will be credited in one or two minutes, which is equivalent to real-time account and second account.

4. can 4.pos brush flowers?

Yes, users should have known for a long time that POS machines can only swipe bank cards, but with the upgrading of consumption, some POS machines in the market support Alipay payment. Flower buds are one of the payment methods of Alipay. As long as the POS can pay with Alipay, the payment can be completed with the flower bud. However, even if you can pay with flowers on POS machines, there is a limit in 200 yuan.