After using the POS machine to make money on Saturday, the money will be received before 23:59 on Monday at the latest, usually between 2:00-6:00 in the afternoon.
Users need to note that any payment made after 22:40 in the evening will be considered the next day, and will generally be credited on T2; payments made on Friday, Saturday and Sunday will be credited on Monday.
Sales terminal - POS (point of sale) is a multi-functional terminal. It can be installed in a credit card's special merchants and acceptance outlets and connected to a computer network to realize automatic transfer of electronic funds. It has It supports functions such as consumption, pre-authorization, balance inquiry and transfer, and is safe, fast and reliable to use.
Supplementary information:
1. The basic principle of the POS system is to first create product information in a computer file. Through the computer cash register online architecture, the barcode on the product can be passed through the cashier. After the optical reading device on the device directly reads it (or directly enters the code from the keyboard), the product information (unit price, department, discount...) can be displayed immediately to speed up the checkout speed and accuracy. The detailed information of each product sales (price, department, time period, customer level) is automatically recorded and then transmitted back to the computer through the online architecture. Through computer calculation and processing, various sales statistical analysis information can be generated as the basis for business management.
The POS machine reads the cardholder’s magnetic stripe information on the bank card through a card reader. The POS operator enters the transaction amount, and the cardholder enters personal identification information (ie, password). The POS stores these information. The information passes through the UnionPay center and is sent to the card-issuing bank system to complete the online transaction, provide success or failure information, and print the corresponding receipt. The application of POS enables online consumption of bank cards such as credit cards and debit cards, ensuring the safety, speed and accuracy of transactions, avoiding complicated labor such as manual blacklist inquiries and order processing, and improving work efficiency.
2. There are generally the following modes of credit card payment using POS machines:
1. T0 instant credit: that is, the credit card will be credited to the account on the same day after the card is swiped, usually on Within 12 hours, but there is a rule: Generally, this method of deposit occurs at specific merchants. Such merchants have passed the bank's review and certification, are relatively high-quality merchants, and have met the conditions for applying for timely deposit. .
In addition, I would like to remind everyone that the T0 account can only be credited on the same day if the card is swiped on the transaction day. If it is a weekend or holiday, it will need to be postponed to the next working day. To give a simple example: For example, if you swipe your card on Saturday, it will take around 4 p.m. on Monday to arrive in your account.
2. T1 next-day arrival: This is the most common payment method, that is, the payment will arrive on the second working day after the card is swiped, usually around 3 o'clock on the second working day. Same as above, it will be postponed on weekends and holidays.
3. T2, T3 mode: This mode appears rarely, usually only for special users who pay very large amounts of credit cards. Due to the large turnover of funds, banks need to carefully verify such users, so they will There is a corresponding delay.
However, there is another situation where T2 and T3 are credited. The machine used to swipe the card is a second clearing machine, and the credit is often delayed or even not credited. Therefore, it is recommended that you never use the second clearing machine, otherwise it is easy to cause code hopping, non-account funds, card blocking and derating, etc.
4. S0 second payment mode: This payment method is more popular nowadays, that is, the funds will arrive immediately after swiping the card, usually within 10 seconds. However, if you want to use the second-to-deposit mode, you usually need to pay a second-to-deposit fee of 3 yuan. After all, this money is not settled by the bank immediately, but is advanced to you by the acquirer (the third-party payment company of the card machine). Yours, there will also be some risks, so users are required to pay this second delivery fee.