For urban consumers, the frequency of offline transactions using credit cards is increasing. Whether it is eating at a restaurant or shopping in a mall or supermarket, you can pay by credit card, which is convenient and safe. But do you know that the credit card is swiped on the pos machine, and how is the money transferred from the bank account to the merchant? Is the credit card swiping time and the crediting time consistent? Below, Xiaobian to reveal the process of credit card swiping on the POS machine.
POS receipt process
1. Cardholder's card swiping process
Generally, the cardholder consumes at the merchant, and the whole process includes presenting the card; the cashier performs the card swiping on the POS machine, and the cardholder cooperates with the input of the password; after the cashier finishes the card, the merchant retains the account and hands it over to the cardholder to check the amount and the cardholder Signature in the signature column; the cashier will compare the signature of the cardholder with the signature on the back of the credit card, and return the card together with the signature to the cardholder.
2, POS machine receipt process
The credit card holder swipes the credit card on the merchant's POS machine, and the merchant POS machine initiates an authorization request to the acquiring institution. The acquiring institution initiates an authorization request to the issuing bank through the switching center (CUPS and other card organization), and the issuing bank verifies the authorization and counts In the cardholder account, the acquiring institution receives the authorization to pass the instructions to the merchant POS machine, and the merchant asks the acquiring institution for the payment, and the customer takes the goods. Thereafter, the issuing bank and the acquiring bank clear the transaction through the card organization.
The trading time of the POS machine receipt is inconsistent with the accounting time. The general crediting time is the day after the trading time.
What is the POS receipt fee?
According to the regulations of the National Development and Reform Commission, starting from February 25, 2013, the bank card processing fee is charged according to the following rules:
The handling fee for catering merchants was reduced from 2% to 1.25%; the merchants' handling fee for department stores was reduced from 1% to 0.78%, the supermarkets were reduced from 0.5% to 0.38%, and the public commerce merchants were still 0%. The property and car were originally 10 yuan per pen.
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