Ms. Xu is doing business in a professional market in Hangzhou. There are two POS machines in the store. One can only use a debit card, and it has been deactivated through a large state-owned bank. Nowadays, a POS machine handled by a third-party payment company can be used to swipe credit cards.
Due to risk considerations, most banks have set a certain threshold for individual industrial and commercial households to handle POS machines. For example, if the three certificates are required, the public account will be opened first. Individual industrial and commercial households who cannot set up a public account can only make a telephone POS machine and cannot swipe a credit card.
In July this year, the central bank issued the No. 9 Announcement of 2013, “Administrative Measures for the Collection of Bank Cardsâ€, canceled
The original "special merchants who use personal bank settlement accounts as billing bank settlement accounts are not allowed to accept credit cards", exempting the establishment of "hard accounts".
However, since the implementation of the new regulations in the past two months, most banks have not canceled the original restrictions, but a large number of third-party payment companies have taken advantage of it. At present, there are more than 250 companies that have obtained “third-party payment licensesâ€. The market competition is becoming increasingly fierce. In order to compete for customers, most companies have lowered the threshold for offline POS machines, leaving a huge security risk.
Bank threshold has not been lowered
Yesterday, the quick financial reporter went to some banks to inquire about the POS machine as an individual industrial and commercial household. As a result, none of the five banks allowed the POS machine to which the personal account was bound to accept the credit card business.
"Although the regulations were issued in July, we have not received the implementation rules. At present, POS machines that can swipe credit cards must open a public account," said a customer manager of a state-owned bank. The account manager of another commercial bank told reporters that the POS machine can be bound to a private account, but must open a public account when processing, otherwise it will not be approved.
Opening a public account means that individual industrial and commercial households must have complete information such as business license, tax registration certificate, and organization code. Many merchants do not have it. Even if they are available, banks are more cautious in terms of capital security considerations.
Ms. Xu at the beginning of this article reflects that there are many POS procedures and strict audits. Some banks require merchants to provide water and electricity bills or telephone bills, and they will take photos at the store strictly. In order to control risks, some banks set transaction limits and even charge risk deposits to merchants.
In order to avoid the loss of customers due to the inability to swipe credit cards, Miss Xu had handled a POS machine through a third-party payment company under the introduction of a friend last year. The procedure was simple and the transaction amount was not limited.
Jiang Yan was previously responsible for the promotion of offline POS machines in a third-party payment company. Customers who claim that banks can't do it can generally do it. "The advantage of banks is that they are timely and have high market credibility. Our advantage is that the threshold is low. There are no restrictions and the credit card rate is flexible."
So how low is the threshold in Jiangkou? The reporter's investigation found that almost anyone who can afford to pay for a POS machine is basically a zero threshold.
500 yuan can be packaged into self-employed
On the Internet, the quick financial reporter first found a Ningbo POS machine to handle the company. After the other party learned that the reporter did not have a business license, he politely refused. "The business license is a hard threshold, and there is no way to do it."
Then the reporter contacted a POS machine in Hangzhou to handle the company. Salesman Leaflet introduced,
The company is an agent of a third-party payment company. It can handle all kinds of public and private POS machines. “You don’t have to go to the bank to set up a public account, but you need three certificates.â€
When the reporter said that he was just opening a small shop on the street, after the three cards were not in line, he said with ease, no, we can help you pack it.
The packaging he said is to create personal fakes as individual industrial and commercial households, and the operation method is relatively simple. For example, Xiaoye’s company had previously worked with several large markets to install POS machines in batches. In a large market, there are always some merchants who do not need a POS machine, and their information can be used.
"This operation is the easiest, as long as 500 yuan. The disadvantage is that the transaction amount can not be too high, otherwise it will be traced." Of course, he has a more "perfect" way, that is, to help handle the "three certificates", have a family I can't see the store that I can't touch. "The photo of the store will also be found in the place, material.
No one came to check it when you handed it over. â€
The second method costs 2,000 yuan. The advantage is that the fee can be reduced from 0.78% to 0.5%. This is a common practice in the industry, and some agencies can do as long as 1,000 yuan.
According to the market conditions, the deposit of the third-party payment company's POS machine is 1000-2000 yuan, and the merchant can also buy a POS machine for 3,000 yuan to enjoy the rate capping (usually 26-40 yuan). It can be seen that the threshold and cost of handling a POS machine are quite low. Jiang Yan believes that these practices of agents are known to third-party payment companies, but for the market share, the agency is allowed to do so.
POS machine becomes a cashing tool
Another reason is that the card processing fee is also an important part of the third-party payment company's income source. For those who are only responsible for the installation, there is no risk as long as there is no major illegal event.
However, this directly puts the credit card issuing bank on the cusp of the cusp. Once someone uses these POS machines to maliciously swipe the card and fails to repay at the expiration date, it is likely to generate bad debts. Last year, the Beijing police data showed that in just two years, the percentage of POS machines that were suspected of illegal credit card cashing by the police had increased from less than 5% to nearly 40%.
Jiang Yan said that the general situation is that merchants can help their friends cash out and charge a fee. The extreme point is that someone has set up a special cash-out company with a POS machine.
In an office building in Wenyi Road, Hangzhou, the reporter found a cashing company. The company does not have any name, only rent a room of less than 20 square meters in the building, even the boss plus less than ten employees.
Xiao Zheng, a salesman, said that employees are usually responsible for soliciting business through WeChat, Weibo, and website channels, mainly providing cash, credit card and other services. "The cash rate is about 2%, and the credit card is charged a 2.5% fee." â€
He also revealed that the POS machine is not handled by the bank. The company does not have any licenses. It only knows that large amounts of money can be swiped every day. As for the business, he only said that when he was good, he could make 150,000 waters a week.
Jiang Yan learned that with the increase in the number of large-capacity credit card holders, it is not difficult to have a net income of more than 100,000 a month after having a fixed number of fixed customers. The cash after cashing mainly flows into areas with high short-term gains such as private lending, and the risks can be imagined.
According to the "Beijing Evening News" report, last year, Beijing had investigated and dealt with a cash-out company that illegally cashed out 1 billion yuan. Since these POS machines use false information at the time of processing, the cash-out company is easy to "evaporate", the bank can only recover from the cardholder, but many people are unable to repay, resulting in a large number of credit card bad debts.
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