Australia Independent Station Credit Card Collection

In fact, from the perspective of buyers and sellers, it is a win-win situation.

VISA/MASTER credit cards cover a wide range of people, and basically everyone has one. However, other e-wallets such as PayPal, Sofortbanking, Giropay and other e-wallets require you to register an account first and bind a credit card for consumption, while a credit card only requires one. The card information can be used for payment at any time, which is the difference between the two payments.

Sellers choose third-party credit card payment channels to expand their customer base. As long as a consumer has a VISA/MASTER credit card, he may become your customer.

Increasing payment methods can increase the order conversion rate and make profits. After all, an advertisement now burns so much money and attracts customers, but they do not place an order and pay when they reach the payment page. This is still a pity for the seller.

A good independent website/self-built website must have complete payment methods that can meet the needs of different customers, and credit card payment is undoubtedly the most common payment method.

This not only increases the competitiveness of sellers’ websites, but also increases competition among peers. Similar products are in the same market. If you have a credit card payment channel and your peers do not, you can win more orders.

What benefits does that have to consumers?

Consumers can pay directly with credit cards on the website, and the payment success rate is relatively high, avoiding the trouble of repeated payments.

Consumers do not need to use methods such as Western Union or TT to avoid being deceived.

Consumers can pay with credit cards with confidence because there are third-party payment companies that protect sellers. Due to settlement conditions, consumers do not have to worry about the seller not delivering the goods.

Choosing the credit card payment channel is not only convenient for the seller, but also for the buyer.

When choosing a payment method, sellers need to consider the stability and security of the credit card channel, as well as the acquisition success rate and risk control plan. A good risk control plan can help you avoid fraudulent orders and intercept blacklists. Transactions, etc. to protect merchants from losses. It does not mean that choosing the credit card payment channel means giving up other payment methods. It is necessary to comprehensively combine multiple payment methods to meet the needs of different customers.

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What is bank card acquiring?

Bank card acquiring refers to the ++ fund settlement service provided by the contracted bank to merchants. In the end, the cardholder swipes the card at the bank's contracted merchant and the bank settles the payment. The process of settlement by the acquiring bank is to obtain the transaction documents and transaction data from the merchant, deduct the fees calculated based on the rate, and then pay the merchant.

The bank card acquiring process

Take a credit card as an example. The acquiring usually refers to a certain bank. You swipe your card to buy something, sign and leave. The merchant keeps the purchase form you signed, and then gives it to the bank that issued the card machine. This bank is the acquiring bank. After the acquiring bank receives your purchase order at that time, it will pay the merchant according to the above amount. The merchant will get the money he deserves for the product. The acquiring bank then asks the card issuing bank for the money through the UnionPay platform. Just pay the money back to the card issuer. Of course, it is not that simple. There are handling fees in every link, otherwise banks and UnionPay will not make any money. In fact, the entire process when you swipe your card is realized through UnionPay, the ultimate sharing intermediate link network.

The role of bank card acquiring business

Card issuer. Domestic banks are mainly commercial banks, which are responsible for issuing various bank cards to cardholders and charging certain fees for providing various related bank card services. They are the initiators and organizers of the bank card market.

Acquirer. Responsible for the development and management of special merchants, authorization requests, bill settlement and other activities. Its benefits mainly come from the sharing of transaction fees and service fees of special merchants.

Potential cardholders. It occupies a central position in the bank card market. It is the market foundation that generates the demand for purchasing bank card products and their derivatives. It is the creator of the interests of bank card users and financial institutions, special merchants and bank card organizations. It is the core of marketing. Main object.

Specialized merchants.

Refers to sellers, individuals, companies or other organizations that have signed a merchant agreement with the acquirer to accept bank cards.

Acquisition outsourcing services. Enterprises that are entrusted by acquiring institutions to engage in non-core businesses in acquiring business. A bank card acquirer is one that is authorized by each credit card organization to handle contract signing with specially contracted stores, and advances the cardholder's transaction account in advance when clearing payments with the specially contracted stores.

What is the credit card consumption process?

Credit card consumption process:

1. Swipe the card at the POS machine

Swiping the card at the POS machine is the most common way to use a credit card, and it is a way of swiping the card online. . When swiping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding POS machine according to the card issuing bank and the currency type to be paid. The magnetic stripe of the magnetic stripe credit card is crossed on the POS machine, or the chip credit card is inserted into the card slot, connected to the bank and other payment++, and the corresponding amount is entered. After remote payment++ accepts the information, the POS will print out a receipt (at least two copies) for payment by card. The cardholder should sign the receipt after checking that the information on the payment receipt is correct. After the operator checks the signature on the receipt and the signature on the back of the credit card (including that the name completely matches and the handwriting basically matches), the credit card and a copy of the credit card payment receipt are given to the cardholder. At this point, the card swiping procedure on the POS machine is completed.

2. RFID machine taps the card

Tapping the card on the RFID machine is a new type of credit card usage method, and it is also a networking method. When tapping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding card machine according to the card issuing bank and the currency type to be paid, enter the corresponding amount, and place the credit card flatly no more than 10cm above the sensor. The RFID machine will emit a signal after sensing the credit card, and then continue the operation process. After Remote Payment++ accepts the information, the printer (if connected) will print out a receipt for payment by tapping the card, but unlike the previous method, the cardholder does not need to sign. , faster and more convenient than previous methods. At this point, the card sensing program on the RFID machine is completed.

3. Manual order pressing

Manual order pressing is usually used when there is no POS machine or the Internet is not available. The order pressing operation must have a pressure-sensitive copy of the "direct purchase order" (at least two copies) and a telephone number. The inspection work before pressing the order is the same as that of POS machine. Then, the operator's credit card uses the ++ and name raised on the credit card to print on the purchase form, and writes the amount, date and other information, and then calls the acquiring bank's authorization hotline to report the card information and apply for authorization. The authorization code obtained is written on the purchase form, and the cardholder signs it after confirming it is correct. After the operator checks the signature, the credit card and purchase order copy are handed over to the cardholder. At this point, the manual order pressing process is completed. Authorization calls are usually made immediately. In some areas with poor communication or good credit ethics, merchants may encounter situations where the merchant will deliver the goods to complete the transaction after pressing the customer's signature. The authorization will be completed in the future, but the merchant is at risk of encountering the credit card ++ (if the customer pays with an invalid card, it will not be discovered immediately without applying for an authorization code immediately).

4. Online payment

From the perspective of cardholders, online payment is considered to be the riskiest among several credit card payment methods, because people with malicious intentions Phishing, eavesdropping on network information, and fake payment++ may be used to steal user information. When paying online, you need to enter ++, the validity period of the credit card, the Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 number next to the signature column on the back of the card, the online transaction password, and sometimes you need to enter your name, a verification code randomly generated by the web page, etc. After the input is completed, click Submit to complete the online payment. With the development of the Internet, the security of online payment and credit card payment has gradually improved, which has also set off the trend of online consumption.

5. TV and telephone transactions

Similar to online payments, ++, validity period, Visa CVV2 code/MasterCard CVC2/UnionPay CVN2 and other information are required.

6. Pre-authorization

Pre-authorization is generally used to pay a deposit, that is, freezing a part of the available credit card limit as a deposit. The process of pre-authorization is similar to that of manual order pressing, but the content of the call requires pre-authorization of the corresponding amount. It does not require payment, and there is no need to press the order. You only need to issue a certificate of receipt of the deposit. Generally, pre-authorization will be canceled by the merchant during checkout.

If the merchant forgets to cancel, you can call the merchant to request cancellation. You cannot cancel by calling the authorized agency. Or, wait for the bank to automatically cancel the pre-authorization (usually 7 to 30 days).

Credit card application:

In most cases, citizens with full capacity for civil conduct (citizens over 18 years old in mainland China) and with certain direct financial resources can Apply for a credit card from the card issuer. Sometimes, legal persons can also be applicants.

Those who apply for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country. Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature.

What is the process for credit card payment?

1. Swipe the card with the POS machine, 2. Take the card with the RFID machine, 3. Press the order manually

Instructions

1: Swipe the card with the POS machine

< p>(1) The POS machine reads the cardholder’s magnetic stripe information on the bank card through a card reader. The POS operator enters the transaction amount, and the cardholder enters personal identification information (ie, password). The POS passes this information through The UnionPay center will send it to the card-issuing bank system to complete the online transaction, give information on success or failure, and print the corresponding receipt.

(2) The application of POS enables online consumption of bank cards such as credit cards and debit cards, ensuring the safety, speed and accuracy of transactions, and avoiding complicated labor such as manual blacklist inquiry and order pressing. Improved work efficiency.

Two: RFID machine taps the card

(1) Tapping the card on the RFID machine is a new type of credit card usage method, and it is also a networking method. When tapping a card, the operator should first check the credit card's validity period and cardholder's last name and other information. Then, select the corresponding card machine according to the card issuing bank and the currency type to be paid, enter the corresponding amount, and place the credit card flatly no more than 10cm above the sensor.

(2) The RFID machine will emit a signal sound after sensing the credit card, and then continue to operate the program. After Remote Payment++ accepts the information, the printer (if connected) will print out a receipt for card payment, but with Different from the previous method, the cardholder does not need to sign, which is faster and more convenient than the previous method. At this point, the card sensing program on the RFID machine is completed.

Three: Manual pressing

Manual pressing means that according to the bank card acceptance agreement signed between the acquirer and the merchant, the cashier uses an imprinting machine to press the order manually. Complete normal consumption transactions. This method is applicable to credit cards (including credit cards and quasi-credit cards), but debit cards do not have this function.

In the credit card business, what are the issuing bank and acquiring bank? Can you give an example?

Acquiring bank (acquiring institution)

Acquiring bank It is the most important participant in the acquiring business and is responsible for signing special merchants, installing and maintaining machinery, fund clearing and transfer, etc. Before the emergence of third-party information transfer agencies, all the work of the acquiring business was undertaken by the acquiring bank alone. With the extension and subdivision of the acquiring industry chain, more and more professional service providers have joined the acquiring industry. .

Card issuing bank (card issuing institution)

Card issuing bank refers to the issuing bank of the credit card held by the cardholder in the acquiring business.

Example: Take a credit card as an example, pay the merchant the amount above, sign and leave. After the acquiring bank receives your purchase order at that time. The merchants will get the money they deserve for the goods, otherwise banks and UnionPay will have no money to make. The merchant keeps the purchase form you signed, and you swipe your card to buy things.

In fact, when you swipe your card, the entire process is realized through UnionPay, the first sharing intermediate link network, and then it is handed over to the bank that issued the card swiping machine. This bank is the acquiring bank. The acquiring bank then goes to the card issuing bank to ask for the money through the UnionPay platform, and there are handling fees in every link. Just pay the money back to the card issuer. Of course it's not that simple.

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1. Definition of acquiring business

Acquiring business refers to cardholders’ direct consumption at special merchants, cash withdrawals at designated business outlets, and Authorization, liquidation, loss report, chargeback and other services caused by this. Acquiring business in a broad sense includes over-the-counter cash withdrawals, ATM cash withdrawals, and consumer acquiring, etc. Acquiring in a narrow sense refers to consumer acquiring. In my country, the acquiring business is divided into internal card acquiring and foreign card acquiring. Internal cards refer to bank cards based on RMB accounts issued by banks within the People's Republic of China and the People's Republic of China. Foreign cards refer to bank cards based on ++ accounts issued by overseas banks or overseas credit card companies and can be used globally. of bank cards.

2. Acquiring business process

1. Developing merchants

Finding suitable special merchants is the beginning of the acquiring work, and it is also the most important step. Merchants with good reputation and large business volume can not only create considerable profits for the acquiring bank, but also avoid unnecessary troubles such as merchant fraud risks, cashier operational errors, and customer complaints. The two parties can also use the acquiring business as an opportunity to deepen cooperation. Provide support to other businesses.

2. Installation of machinery and merchant training

Common acquirers include POS machines, manual card presses, PIN keyboards, etc. Some large merchants will install new cash registers on the original cashier system or merchant management system. It will be modified on the basis of adding credit card consumption function.

That’s it for the introduction to the credit card acquiring process.