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, etc. for payment, and the corresponding amount is entered. After the remote payment accepts the information, the POS will print out a receipt for the card payment (at least two copies). 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 the remote payment accepts the information, the printer (if connected) will print out a receipt for tap-card payment, but unlike the previous method, the cardholder does not need to sign. For example The previous method is faster and more convenient. 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 uses the credit card pressing equipment to print the raised name and name on the credit card on the purchase form, and writes the amount, date and other information, then calls the acquiring bank's authorization hotline, reports the card information, applies for authorization, and obtains The authorization code 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 payments may be used to steal user information. When paying online, you need to enter the credit card validity period, 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, the requirements, 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.
How to make Alipay payment with credit card? How to make Alipay credit card payment?
The operation method of Alipay credit card payment is as follows:
1. Open Alipay.
2. Click "Pay/Receive Money".
3. Alipay displays the payment code, click "Payment Method" below.
4. Select "Credit Card".
5. Return to the payment code page. At the time of actual payment, payment will be made by credit card.
How to activate credit card payment
Steps for Taobao merchants to activate credit card payment:
1. Log in to the Taobao seller personal center and click the "Seller Map" button in the upper right corner Enter.
2. Then move the mouse to the "Transaction Logistics Management" column.
3. Since there are many items in this column, it will only be displayed when the mouse moves there. After expanding, select the "Credit Card Payment" item.
4. Select the "Credit Card Payment Button".
5. Enter the credit card service page and click "Buy Now" to order.
6. Then you need to pay the amount. The service fee is now 0. Click the "Agree and Pay" button to submit.
7. After the order is successful, the buyer can choose to pay with a credit card. Note that the credit card processing fee is a bit high, which is 1% of the payment amount, so please consider whether it is cost-effective before activating.
Operating environment:
Brand model: Lenovo yoga14s
System version: Windows 11 Professional Edition
App version: v98.0.4758.82
Taobao is the largest online retail and business district in the Asia-Pacific region. It was founded by Alibaba Group in May 2003.
Taobao is China's most popular online shopping and retail platform, with nearly 500 million registered users and more than 60 million regular visitors every day. At the same time, the number of online products per day has exceeded 800 million. An average of 48,000 items are sold every minute.
As of the end of 2011, Taobao's single-day transaction volume reached a peak of 4.38 billion yuan, creating 2.708 million direct and full employment opportunities.
With the expansion of Taobao's scale and the increase in the number of users, Taobao has also transformed from a single C2C online marketplace into a comprehensive e-commerce model including C2C, group buying, distribution, auction and other e-commerce models. Sex retail district. It has become one of the world's largest e-commerce trading platforms.
On March 15, 2016, it was exposed at the 315 Party that Taobao merchants were deceiving consumers such as fraudulent orders.
On March 29, 2016, Alibaba Group CEO Zhang Yong clarified the strategy for Taobao’s future: communityization, contentization and local life are the three major directions.
On August 8, 2018, Alibaba Taobao revealed that it will enter the field of MR (mixed reality) shopping and will launch a product at the 2018 Maker Festival - Taobao Buy.
On December 12, 2019, the "Hurun.com 2019 Hurun Brand List" was released, and Taobao ranked fourth with a brand value of 300 billion yuan.
How to pay with a credit card
To pay with a credit card, activate it in mobile banking first, and then bind your mobile phone number. When paying, you can operate it directly on your mobile phone. You can directly ask the merchant to scan your WeChat payment code and pay. (WeChat Apple 12, ios14, WeChat version 8.0.13)
If you are shopping in a mall, you can pay directly with a credit card. Credit cards can also be set directly for password-free payment. Because it is troublesome to have to enter the password every time, if you ensure that the credit card will not be lost, you can enable password-free card payment.
The most important thing about credit cards is to remember the repayment date. After all, a lot of interest will be deducted for late repayments. Therefore, you must repay on time, otherwise the price you pay after spending in advance will be a bit high.
Credit card security tips:
(1) Set a complex password as a separate online banking password. Do not use simple numerical arrangements, birthdays, phone numbers, etc. as passwords. Separate your online banking passwords from passwords used for other purposes. Do not use the same password.
(2) Prevent account theft. Choose the transaction seller merchant carefully, and do not disclose your credit, validity period, password and other information to the virtual seller or anyone else. Do not trust any requests for account numbers and passwords via email, text messages, phone calls, etc. Cardholders who have provided their account number and password to unknown persons or websites should immediately change their password through online banking or counter services, or apply for password loss reporting through the card-issuing bank's customer service phone number. Do not use online banking in public places (such as Internet cafes). When completing online banking services or leaving midway, exit the online banking page in a timely manner.
(3) Log in to the correct online banking website. Directly enter the bank's website address in the browser to enter the website page, and add the URL to your favorites for easy use next time. Do not access the online banking website through links from other websites. If you find a fake bank website, report it to your bank immediately.
(4) It is recommended that you use a bank card exclusively for online shopping payments.
How to pay with a credit card?
The credit card is first activated in mobile banking and then bound to your mobile phone. When paying, you can operate it directly on your mobile phone. I often bind it to my WeChat account and can directly ask merchants to scan my WeChat payment code and pay.
If you are buying something in a mall, you can pay directly with your credit card. At this time, you need to use a password, but for some small amounts, you can directly set it to password-free payment. Because it is troublesome to have to enter the password every time, you can enable small-amount password-free payments if you ensure that your credit card will not be lost.
The most important thing about credit cards is to remember the repayment date. After all, a lot of interest will be deducted for late repayments. Therefore, you must repay on time, otherwise the price you pay after spending in advance will be a bit high.
How to spend with a credit card
When the cardholder is making a purchase, he or she can directly swipe the card at the POS machine of a merchant that supports credit cards. You can also bind third-party applications, such as Alipay, WeChat, etc., to pay for consumption with a credit card.
The method of swiping a credit card is:
1. Give the credit card to the cashier of the merchant, and the cashier will take the card and swipe it on the POS machine.
2. The cardholder enters the credit card password.
3. POS will automatically print out the transaction voucher.
4. The cardholder signs the transaction voucher and the transaction is completed.
Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially appointed commercial service departments, and then the bank will make settlements with merchants and cardholders. Cardholders can overdraft within the prescribed limit.
Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the specified credit limit. The so-called credit card generally refers to a credit card only.
In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can apply for a credit card from the card issuing bank. Sometimes, legal persons can also be applicants.
Applicants 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.
That’s it for the introduction to the credit card payment process.