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Payment Encyclopedia What is the three-in-one payment circle?

Nowadays, there are various large and small card swiping machines on the market. They say you can choose your own industry, choose your own merchant, and choose your own MCC code.

Does POS machine really have this kind of technology that allows you to choose everything? How can we find out if this credit card machine actually works as advertised?

How do we verify whether the bills we generate are consistent?

Below we will introduce to you this three-in-one inspection method.

The three documents are bank statement, UnionPay statement, and purchase order or credit card receipt.

Bank statements can be viewed on the bank’s app.

UnionPay bills can be checked on China UnionPay’s official app, Cloud QuickPass.

The card receipt is a receipt signed when swiping the card for consumption. The merchant will give us a copy. This can be called a purchase order or a receipt.

For example, when we go to see a movie, we sign in when we go to pay, and then the merchant gives us a small ticket as shown in the picture: The name of the double household is Wanda International Cinema Co., Ltd.

Then we open the Industrial and Commercial Bank of China app. The name of the merchant is also Wanda International Cinema Co., Ltd.

We then open the China UnionPay official app and use Cloud QuickPass. You can also The merchant inside is Wanda International Cinema Co., Ltd.

The merchant names and locations of these three orders are all the same. This is called three orders in one.

And if it is code hopping. It may be that your receipt is inconsistent with your merchant name, or the region is inconsistent, or even the industry is inconsistent.

For example, if you choose a movie theater and the receipt is also a movie theater, but your bank statement and UnionPay statement show that it is a supermarket, hospital, school, etc., then the three orders are not in one. This situation It's called code hopping.

If we use this kind of code-hopping POS machine, it will be very harmful to our credit card, and it will easily cause the card to be derated and blocked.

Oh Brush Partner, three orders in one, can stand the test! Worth the bill!