With the implementation of the one-machine-one-code policy, the merchants who use the machine to brush out are fixed, which increases the difficulty of risk control for banks. So, how to solve this problem?
First of all, we need to understand the difference between online and offline card swiping. Online card swiping belongs to the business scope of Internet payment, while offline card swiping belongs to the business scope of bank card acquiring. At present, the regulatory authorities have imposed restrictions on offline card swiping on one machine and one household, but online card swiping is not affected.
From the bank's perspective, since 2019, the bank has started to encourage customers to spend online, such as binding WeChat, Alipay, UnionPay, etc. Since 2020, Ping An Bank has taken the lead in not giving offline credit card points, and other banks have followed suit. In addition, banks such as GF, China Merchants, CITIC, and Ping An restrict customers from swiping cards offline, but online swiping is unimpeded, and all of them have points.
Through big data analysis, we found that most of people's real consumption behaviors are completed through online card swiping or mobile payment. And 90% of those who still choose to use their cards offline are likely to engage in irregular behaviors, such as cashing out. Therefore, in order to ensure the safety of funds and simulate real consumption behavior, it is not advisable to use offline credit cards for a long time.
From a regulatory point of view, the online credit card business has always been strictly regulated, and abnormal transactions or frequent changes of merchants are not allowed. In contrast, the offline card business has only begun to be restricted after a period of brutal growth, so online card swiping is more in line with the current regulatory logic.
In addition, there are many mobile POS products on the market, but please pay attention to the distinction, we do not recommend using UnionPay mobile channel for transactions. Because of the excessive use of this channel for transactions, you may be alerted by the bank to the risk of fraudulent behavior. On the contrary, the UnionPay mobile channel is more suitable for small transactions. We need to find a connected channel for online payment, and this is the right choice.
In short, when making payments, you should pay attention to standardized operations to avoid unnecessary risks. If you have any questions about online card swiping or any related issues, or need further explanation, please leave a question in the comment area. We will do our best to help.