What is pos?

Pos is a kind of pos machine, also known as credit card reader.

The card reader reads the magnetic stripe information on the cardholder's bank card, the card swiping operator inputs the transaction amount, the cardholder inputs the personal identification information, namely the password, and the card swiping machine sends the information to the issuing bank system through the UnionPay center to complete the online transaction and print the corresponding bill.

The application of POS machine realizes the online consumption of bank cards such as credit cards and savings cards, ensures the safety, rapidity and accuracy of transactions, avoids tedious labor such as manual blacklist inquiry and bill pressing, and improves work efficiency. There are mainly bank pos machines and machines of third-party payment companies in the market, and third-party payment companies are the most used by individuals. According to the size, it is divided into three models: large, medium and small.

Advantages of the three modes:

Large-scale traditional ticketing pos machine: many merchants pool, strong induction stability, high performance, small ticketing volume, low rate, and no second payment. It can be combined with various transaction methods such as credit card, flash payment, WeChat, Alipay, UnionPay, China UnionPay Express, mobile payment, flower shop, JD.COM, etc. It is also an essential model for professional card-raising families.

Medium-sized electric sign pos machine: small size, easy to carry, stable merchants, no secondary payment, slightly lower activation threshold, only a little deposit or the required amount can be activated.

Small portable mpos: small size, easy to carry and low activation threshold.