According to Xiaobian, the new regulations on the latest 281 document of the central bank have recently triggered a big discussion in the industry!
In particular, the regulations on credit card credits for small and micro merchants are even more diverse! Some people think that in the future, POS and MPOS will be restricted by credit card swiping for 1,000 yuan/day. What is it actually like?
Let us carefully interpret the contents of the following central bank documents:
Standardize the management of small and micro merchants' acquiring business
For entity-specific merchants (small and micro-businesses) who are exempt from industrial and commercial registration in accordance with laws, regulations and relevant regulatory requirements, the acquiring institution may, after complying with the principle of “know your customerâ€, review the identity documents of the principal responsible person of the merchant. And the supporting documents provide the acquiring service for them. Auxiliary supporting materials include, but are not limited to, business premises lease agreements or property rights certificates, and certification documents issued by the management of centralized business sites, etc., which reflect the fact that small and micro businesses are actually engaged in commodity or service trading activities.
If the acquiring institution provides the acquiring service for the above-mentioned small and micro merchants, it shall not open the function of accepting the magnetic stripe transaction of the terminal. The acquiring institution shall dynamically adjust the types of bank cards and transaction limits that can be accepted in combination with the risk level of small and micro merchants. The maximum amount of credit card acceptance for all small and micro merchants handled by the same identity card at the same acquiring institution is The total amount is 1 000 yuan per day, and the monthly total is 10,000 yuan.
The clearing institution shall establish a business rules and management system for small and micro merchants to collect orders, and refine risk management measures such as small and micro merchant access, merchant registration, transaction limits and transaction monitoring.
It can be seen that the central bank has a clear definition of small and micro merchants, and it is not completely restricted to hand POS and MPOS!
Watching the heartbeat! In 2017, the payment industry has had so many big things...
2017 is about to pass!
Did you lose this year? Still earned? What did you get? What have you lost?
Bamboo Toothbrush,Eco Friendly Toothbrush,Bamboo Charcoal Toothbrush,Biodegradable Bamboo Toothbrush
Guangzhou China Han Oral Products Co., Ltd. , https://www.gzchinahan.com