How to apply for POS
With the popularity of mobile payment, POS machines have become an important tool for merchants to collect payments. Whether it is a physical store or an online merchant, handling POS machines can improve transaction efficiency and customer experience. This article will give you a detailed introduction to the POS machine handling process, precautions, and recent hot topics to help you quickly understand and choose a suitable POS machine service.
1. POS machine handling process
Applying for a POS machine is usually divided into the following steps:
| step | Detailed description |
|---|---|
| 1. Choose a service provider | Choose a bank or third-party payment institution (such as Alipay, WeChat Pay, Lakala, etc.) according to your needs. |
| 2. Prepare materials | Business license, legal person ID card, corporate account (or personal bank card), business location certificate, etc. |
| 3. Submit application | Submit the application through the official website, APP or offline channels and wait for review. |
| 4. Sign a contract | After passing the review, a service agreement will be signed to clarify terms such as rates and settlement cycles. |
| 5. Installation and use | After receiving the POS machine, follow the instructions to activate and start using it. |
2. Things to note when handling POS machines
1.Rate comparison: The rates of different service providers vary greatly, so you need to choose the lowest-cost plan based on the transaction volume.
2.billing cycle: Generally T+1 (delivery the next day), some service providers support real-time payment, but the rate is higher.
3.Equipment costs: Some service providers provide POS machines for free, but may charge a deposit or require the transaction volume to meet a certain standard.
4.security: Choose a formal institution with a payment license to avoid the risk of secondary clearance.
3. Recent popular POS machine topics
The following is the hot discussion about POS machines on the Internet in the past 10 days:
| topic | heat index | Main content |
|---|---|---|
| “POS machine rates increase” | ★★★★★ | Many payment institutions have raised their rates, and merchants need to pay attention to cost changes. |
| "Personal POS terminal processing restrictions" | ★★★★☆ | Some banks have tightened the processing of personal POS machines and require proof of real business operations. |
| "Smart POS machine function upgrade" | ★★★☆☆ | Supports new functions such as member management and inventory statistics to help merchants digitally operate. |
| "Growth in demand for cross-border payment POS machines" | ★★★☆☆ | Foreign trade merchants’ demand for multi-currency settlement POS machines has increased significantly. |
4. How to choose a suitable POS machine?
1.Choose according to transaction scenario:
2.Select by rate:
| Payment method | average rate |
|---|---|
| Credit card swipe | 0.55%-0.6% |
| Scan the QR code to pay (WeChat/Alipay) | 0.38%-0.6% |
| Debit card swipe | 0.5% (capped at 25 yuan) |
5. Summary
Applying for a POS machine is a key step for merchants to improve payment collection efficiency. By comparing rates, functions and service provider qualifications, you can choose the POS machine solution that best suits your business. In the near future, we need to focus on rate adjustments and policy changes to optimize the cost structure in a timely manner. If in doubt, it is recommended to consult a professional payment service consultant.
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