Which payment method is preferred by the bank for online payment and offline payment by credit card?

In the absence of third-party payment, credit card purchases can only be paid in cash after swiping cards at online shopping machines and ATM withdrawals. With ...

Mar 04,2022 | Colorfully

In the absence of third-party payment, credit card purchases can only be paid in cash after swiping cards at online shopping machines and ATM withdrawals. With the global gateway credit card processing popularity of third-party payment (WeChat, Alipay), more and more users, every bank can directly connect to the third-party payment credit card for payment, and use the third-party payment to get consumption points.

What is the difference between the development of third-party mobile payment and offline credit card payment?

Online consumption payment and offline POS machine brush consumption payment methods are different, cardholders can choose offline card payment or online scan code payment according to their preferences.

Are online payment and POS machine card different for merchants?

The handling fee charged by online third-party payment banks to merchants is 0.3%, and the handling fee charged by offline card payment banks is 0.6%.

Which payment method do banks prefer to us?

According to the traditional offline swiping fee of 0.6% and the online fee of 0.30%, many of us must say that the development of Bank of China will definitely choose more fees, and such a bank will make more money.

As early as nearly two or more years ago, banks were very fond of offline POS swiping cards because of the high fees for merchants.

However, many people who use credit card POS to swipe the card are not real consumption, but use POS for transaction simulation consumption. Some payment companies have the opportunity to switch to discount merchants or public welfare merchants after cardholders swipe their cards. Robbed the bank of cheese.

For example, the bank could have earned 0.6% of the merchant's card swiping fee, but because some bad payment companies jumped to the 0.38% discount or directly to the public welfare merchant after the cardholder's consumption, the public welfare fee is 0, and the bank earns The handling fee collected becomes intercepted by bad POS payment companies.

That is to say, the 0.6% handling fee, the bank did not earn a cent, and was intercepted by the bad payment platform companies. The main purpose of the bank issuing the card to the cardholder is for us to make money for ourselves. The POS machine payment service company does this for bank development. Definitely don't want to.

In order to protect their own rights and interests, the bank relaxes the restrictions on offline virtual POS card merchants of F Bank credit card. If the online code or face swipe can be used in seconds, it will affect the offline POS machine card of real merchants. Banks have more than a dozen well-known POS machine payment companies offline cards are indispensable.

The risk rate of bank offline POS card swiping is too high. Most cardholders swipe their card, and the debt ratio rises sharply. Overdue payment seriously affects the banking financial system, but all banks support online payment and consumption. Supporting online consumption with points also shows that online payment is also a future trend.

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