With the further development of mobile payment, mobile POS machines have also realized the function of swiping credit cards. The main features of credit card swiping by mobile phone POS machine are as follows.

1, and the amount of consumption and collection: the lowest credit card consumption is 10 yuan, and the highest is 20,000 yuan;

2. merchant settlement rules T+ 1 (legal working day settlement only). All transactions before today will be settled on the next working day and received before 12 to 3: 00 pm and noon. If it is overdue at present, it will not be sent at 3 o'clock, and the payment of mobile merchants will be postponed until the legal holiday next Monday.

3. Description of merchant settlement: All receipts collected by mobile merchants on the same day will be settled normally on the next working day according to the implementation rate of mobile merchants;

4. Once the mobile phone card reader is activated, the user information will be permanently bound and cannot be changed or returned.

Generally speaking, it is good to swipe a credit card with a mobile phone POS machine, but it is convenient and increases the credit card risk. Everyone must protect information security to avoid unnecessary trouble.