What does the UnionPay receipt code mean?

UnionPay acquiring code refers to the QR code of China UnionPay China UnionPay Express Receipt, which belongs to the merchant acquiring code. UnionPay's payment code is unlimited every day, and the rate is low. You can apply for a business license or not, and support Alipay, WeChat, credit card, flower shop and other payment methods. Regarding the rate, only the other party needs to charge a handling fee when paying by credit card, while the debit card does not charge a handling fee. Usually, when collecting money by credit card, a handling fee of 0.38% of the transaction amount is charged.

Unionpay collection code application steps:

1. On the homepage of China UnionPay Express APP, click the receipt code.

2. Enter the collection coding interface, and click Personal Collection.

3. Enter the opening interface and click the button to open it immediately.

4. Enter the information and click Submit Application.

5. Enter the verification interface and click Start Verification.

6. Complete face recognition according to the prompts.

7. In this way, the collection code was successfully opened.

UnionPay refers to China UnionPay Co., Ltd., a joint bank card organization in China. It was founded by more than 80 domestic financial institutions in March 2002 and is headquartered in Shanghai. The major banks in the UnionPay organization can realize the interconnection between systems through the UnionPay interbank transaction clearing system, and realize the cross-bank, cross-regional and cross-border use of bank cards. In addition to urban and rural areas in China, UnionPay's network also extends to overseas areas such as Asia, Europe and America. The competent unit of UnionPay is the People's Bank of China, and the enterprise is state-owned.

China UnionPay Express is a unified mobile payment strategy product of the banking industry launched by Bank of China. It is an APP application and belongs to a mobile transaction settlement tool for non-cash receipts and payments. The main functions of China UnionPay Express include: the inquiry and use of the preferential rights and interests of UnionPay banks; Apply for bank cards online, bind UnionPay cards and enjoy account services; Provide convenient services such as credit card repayment and enterprise payment. Users can bind and manage all kinds of bank accounts through China UnionPay Express APP, and use the mobile payment services of banks, including QR code payment, cardless payment, transfer, mobile phone flash payment, boarding code and other mobile payment services, and enjoy all kinds of preferential rights.

Version information: Take China UnionPay Express 9. 1.3, Apple13 (IOS15.4.1system) and Huawei mate40(HarmonyOS2 system) as examples.