What is the acquiring business?

Bank card acquiring business refers to the settlement service of local and foreign currency funds provided by the signing bank to merchants. That is, in the end, the cardholder swipes the card at the bank signing merchant and the bank settles.

Receipts are divided into:

1) online receipt, that is, online receipt.

2) Offline receiving, that is, non-network receiving.

Pos acquiring: participating in various acquiring banks (such as ICBC, CCB and Bank of Communications). ), UnionPay Business, Tonglian Payment, Digital Wangfujing, Guangdong Hanxin and Shanghai Shande.

②ATM receipt

Bank card acquiring institution refers to a financial service institution authorized by various credit card organizations to sign a contract with a special store and advance the cardholder's trading account when conducting capital settlement with the special store.

Expand the barriers to entry in the data acquisition market

First, it is capital-intensive. The capital investment of first-line acquiring institutions in system construction, POS terminals, clearing reserve funds, etc. is not less than 654.38 billion yuan;

Second, it is manpower intensive. According to the regulatory requirements, the acquiring institution must set up branches in the areas where it conducts business. The network of mainstream acquiring institutions basically covers the first-tier and second-tier markets in China, and even the township market, with more than thousands of ground service teams;

Third, the incubation period of entrepreneurship is long. While the business network continues to expand and the business scale continues to grow, most of the small and micro businesses served by the acquired party cannot contribute their operating income quickly. It will take three to five years for the first-line acquirer to break even in its main business.

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