The difference between Ruiyinxin hand-brush pos and traditional large pos.

In principle, both of them transmit transaction data to banks, acquiring institutions and UnionPay, the host server of UnionPay as the transaction data processing center, sort out transaction data and funds, send settlement instructions to acquiring institutions, and finally complete the credit card collection operation;

Shape contrast: the traditional POS has a large shape, with a physical keyboard, which can be divided into two types: mobile and fixed machines, and hot printing paper, which can print signature receipts. The mobile phone card reader is very compact, the audio version is connected to the earphone hole of the mobile phone, the Bluetooth version is connected to the mobile phone through Bluetooth, and the card is swiped on the card reader through APP operation;

Functional comparison: the main function of traditional POS is to collect money, and the application scenario is used by merchants operating in entities to collect money; The application scenario of mobile phone card reader is personal convenience payment. In addition to the collection function, there are more convenience functions, such as water, electricity, coal, telephone recharge, credit card repayment, transfer and remittance, train tickets, plane tickets and so on.

From the comparison of processing methods and access conditions, both processing methods are to apply to banks and third-party payment companies, and e-commerce platforms can also be purchased. Formal traditional POS machines need to provide merchants with three certificates: business license, legal person ID card and bank license; More than 95% of companies that use mobile phone card readers only need users to provide ID cards and bank cards for real-name verification, which is relatively convenient;

From the comparison of safety factors: from the trading principle, as long as it is a regular machine, both are safe. The traditional POS machine adopts one machine and one household, and it is more standardized for merchants to access the network with three certificates, physical keyboard and printing small tickets. The credit card reader adopts the method of one machine, one code and real-name authentication, and reduces the risk in the transaction by limiting the single amount, thus achieving the purpose of convenient payment. Whether it is safe or not depends on the flow of funds. After swiping the card, the fund settlement parties are UnionPay, banks and payment institutions. The funds of this machine have only been liquidated once, and the funds are settled by formal institutions, and the flow is clear and safe, and vice versa.

From the perspective of future development:

With the improvement of consumption level and the growth of per capita credit card, the next decade will be the golden period of mobile payment. All kinds of payment products and payment companies are ready to go, enhance product competitiveness and seize basic users. Payment is no longer a traditional credit card transaction, but more card-free, mobile phones, and even fingerprints, face scanning, and sound waves are all payment media. Traditional payment methods are gradually replaced by new payment tools, and credit card reader is a semi-mobile payment product, which is the evolution product of traditional POS.