The pos machines of any bank or any payment company are not used for unlimited credit card swiping or other transactions, and there is an upper limit. Different banks and different payment companies have different amounts of pos machines.
2. What is the credit card limit for pos machines?
POS machines have two credit lines, one is a debit card (savings card) and the other is a credit card. If it is a bank credit card, the maximum amount can be determined according to the user's credit card amount. The general credit card limit is 50,000 yuan, and the single-day limit is 300,000 yuan. If it is a savings card, it cannot exceed the current cash amount in the card. You can swipe your card directly within the available limit until your limit is used up. If the available amount is negative, it means that your account has exceeded and you can't continue to use it.
There is no minimum credit card for POS machines. No matter how much you spend, you can swipe your card, and the customer does not bear any handling fee.
Third, pos card matters needing attention
1, line prevention. Don't cash out in large amounts when you have the opportunity to swipe your card. This is illegal. Once the bank finds out that you have cashed in many times, your high-quality title will disappear and many permissions will leave you.
2. Risk prevention. Some POS machines use the high name of credit card to lure many people to use it, but they don't think it is a trap. The real amount is determined by the POS machine itself and the amount given to you by the bank!