Many merchants choose third-party payment instead of bank when they apply for a POS machine. Why? What is the difference between a bank and a third party payment? Let's take a look!
Commonality
The bank's pos machine and third-party POS have a big leader: the central bank. All third-party payments have a payment license issued by the central bank and a large margin deposit in the central bank, which are directly settled by the UnionPay channel.
Because the bank's requirements are high and the procedures are complicated, a large number of banks' POS machines are actually taking third-party channels. I believe everyone can understand them here. In fact, whether they are banks or third-party payments are safe.
But security is not absolute, and some lawless elements will use some loopholes to wipe the ball, so you must choose a big brand when choosing a third party payment! Never choose a second cleaning machine.
difference
First, the bank
1, go to the bank to handle the pos machine must be a public account, and the bank's POS machine can generally only save the savings card, can not swipe the credit card;
2. If a self-employed person opens a public account, he or she needs to prepare: business license, tax, code certificate, and online official seal. If the information is not uniform, it will cost hundreds of thousands of dollars to make up the information;
3. The bank opens a public account and swipes the card into the public account, which will generate certain taxes;
4, the bank is willing to open a public account to the individual account, you have to spend hundreds of thousands, such as: account opening fee, password payer fee, annual fee, etc.;
5, the bank is on the public account, withdrawal is very inconvenient, you must have a check to go to the bank to queue to the counter to withdraw money;
6. The bank handles the POS machine strictly, and the downtime is slow. The processing period is usually more than 15 days at the fastest. The arrival time is usually T+1.
Second, third party payment
1. All UnionPay logo credit cards can be swiped;
2, provide private (the money into the legal person account, do not enter the bank to the public account), can reasonably avoid tax;
3, the fastest arrival is seconds, T+1;
4. The rate is more competitive;
5, can handle mobile POS machines, approval is fast, easy to handle, can be off the same day;
6, no annual fee, better service;
7, there is a separate background operation, so you can check your daily card amount and money at any time.
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