People today use credit cards, and there are various ways to use them. You can spend as much as you want without a credit card. So how much do you know about various payment methods?
Offline payment
Offline payment is to pay by swiping your card at the POS machine. You swipe your card through a terminal and enter the password. The POS machine will send this information to the card-issuing bank system through the UnionPay center, complete the online transaction, give information on success or failure, and print the corresponding receipt. The small card swiping machines currently on the market are hand swipes. In principle, this traditional POS machine channel is also used.
Scan QR code to pay
Scan QR code to pay is a new generation wireless payment solution based on an account system. Under this payment plan, merchants can compile transaction information such as account numbers and product prices into a QR code, and customers can scan the QR code with their mobile phones to achieve payment settlement with the merchant's Alipay or WeChat account.
Quick payment
Quick payment means that when users purchase goods, they only need bank card number, account name, mobile phone number and other information, and the third-party payment will send a mobile dynamic password to the user's mobile phone number. On the phone, the user enters the correct mobile phone dynamic password to complete the payment.
Mobile payment
Mobile payment currently mainly includes apple pay, Huawei pay, and Xiaomi pay. Applepay is an NFC-based mobile payment function released by Apple at the 2014 Apple Autumn New Product Launch, which binds credit cards and bank cards to the mobile phone in advance. When making a purchase, turn on your mobile phone, turn on the Quick Pass function, and pay by touch at a terminal such as a POS machine. No internet required for successful payment. This type of mobile payment is a payment method developed based on the NFC function. Currently, UnionPay is mainly promoting this type of business in conjunction with various mobile phone brands.