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Why is the POS machine bound to a credit card?

Why does the POS machine need to be bound to a credit card?

The POS machine is bound to a credit card mainly for authentication. Since many personal card swiping machines are now used, such as hand swiping machines, the money swiped by the user is directly transferred to the user's bank card when using it, that is, it can be credited after swiping the card. At this time, the payment institution needs to advance the money to the user first, so it is necessary For authentication, submit a credit certificate to the payment institution, then binding a credit card is the most direct way to submit the certificate.

1. POS machine

POS machine is a terminal reader equipped with barcode or OCR code technology. It has the cash or barter exchange limit cashier function, provides data services and management functions for commodity and media transactions, and performs non-cash settlement. Widely used in electronic systems in retail, hotel and other industries. Its main function is to count product sales, inventory and customer purchasing behavior. Through this system, operational efficiency can be improved.

2. Do I need to log out when the POS machine is not in use?

You can choose not to log out when the POS machine is no longer in use. Generally, it will not have any impact, because there is no fee when the POS machine is not in use. You only need to pay a handling fee if you swipe your card, but if you don't cancel, you will continue to pay maintenance fees.

① If your POS machine is handled at a bank, just go to the bank to cancel it; you can also find a professional who installs the POS machine for you and explain the situation and cancel it; or check the POS machine brand , then call customer service and ask to cancel the POS machine. This method requires the number of the POS machine. Generally, you can tell which bank's POS machine it is through the icon.

② If your POS machine was purchased through a third-party company, this type of POS machine generally does not support logout. As long as it is not used, it can be destroyed. There is no need to worry about other problems.

3. Is the arrival time of the POS machine real-time?

It is not real-time arrival.

① Generally, the payment will arrive on the second working day (some small banks will advance the account and arrive on the same day). The arrival time mainly depends on your bank account, and it will not be less than 3 pm at the latest. point.

② The POS merchant link must be kept well. The order adjustment time is 180 days, so it should be kept for at least 6 months. Be sure to ask the customer to sign for confirmation. If there is no receipt, the funds may be reimbursed by the merchant.

③ Regarding accounting, the bank statement can be used as the voucher. The acquirer will not and cannot provide the merchant with the account receipt.

④Working days are the time excluding holidays. For example, if the payment is made on September 30, it will not arrive until October 8, and there are 7 days of holidays in between.

Why do Lazada sellers tie their credit cards?

This is to verify that the owner of the POS machine and the payee belong to the same person.

The credit card bound to the POS machine is mainly used for authentication. Since many card swiping machines are now used by individuals, such as hand swiping machines, the money swiped by the user is directly transferred to the user's bank card during use, and the money will be credited in seconds, that is, it can be credited after swiping the card

Lazada Co., Ltd. was established on November 26, 2018. The legal representative is Zhang Guangyuan. The company's business scope includes: wholesale and retail (including online sales): food (operated in accordance with the license issued by the Food and Drug Administration), technology development, technical consulting, technical services, and technology transfer in the field of information technology. Operation and management of e-commerce platforms, corporate image planning, real estate information consultation, translation services, trademark agency, intellectual property agency (operated according to license issued by the science and technology department), health information consultation (excluding diagnosis and treatment), self-owned house leasing, General freight (operated according to the license issued by the transportation department)

Why does the POS machine need to be bound to a credit card?

The POS machine is bound to a credit card because credit cards currently only support POS machine payment. After binding, you can make quick payments, which is very convenient and does not need to carry cash.

This ends the introduction on why POS machines are bound to credit cards and why POS machines are bound to credit cards. I wonder if you have found the information you need?