Waving a card means that you can pay quickly as long as you are stuck near the sensing area. Generally, the single amount does not exceed 1000 yuan, and no password and signature are required. As for swiping the card, this means swiping the card through the card slot on the side of the POS machine or inserting it into the card slot at the end of the POS machine, and completing the payment after entering the password and signature.
However, most bank cards are in the traditional credit card swiping mode, and those cards with flash payment function are in the form of swiping. If you want to know if you can swipe your bank card, just look at whether there are Chinese "Flash Pay" and English "Express Pass" on the card face.
Of course, the premise of being able to swipe your card also requires a contactless payment terminal that supports UnionPay's "flash payment". Not only flash payment cards, but also UnionPay mobile payment products can "wave cards".
In addition to non-contact payment such as "swipe card", flash payment also includes various payment methods such as QR code payment and remote online payment. Like UnionPay mobile phone flash payment, you don't need to take out a credit card. You only need to bind the credit card to the mobile wallet, and then put the middle and upper part of the back of the mobile phone near the flash payment sensing area of the POS machine when paying.
Credit card, also called debit card, is a credit certificate issued by a commercial bank or credit card company to eligible consumers. It is a card with name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.
The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1, the English translation and writing standard for public services was formally implemented, and the English names of credit cards were specified.
Credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment is made on the billing day.
Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.
From the date of 202 1 1 1, the credit card overdraft interest rate is determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of the credit card overdraft interest rate is cancelled (the original upper limit is 0.7 times of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate).
On May 25th, 2002/KLOC-0, the Supreme People's Court promulgated and implemented the Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Civil Disputes over Bank Cards.