There are so many reasons why the POS machine transaction did not arrive in time!
Dear friends, some netizens have recently reported that some POS machines have been delayed in receiving money after completing the transaction. Don't worry, listen to me slowly analyze the reasons for you.
First of all, you need to understand that the completion of the transaction does not mean that the money will go directly to the account. Sometimes there is a situation of "one-sided account". In other words, UnionPay has received the money, but due to network problems, the feedback has failed. This is very common, don't worry, the funds will be returned to the user who swiped the card.
Let's talk about system maintenance. In order to ensure the stability of the system, the payment company conducts regular maintenance. While they will notify users in advance, there may be problems with swiping the card during maintenance. So, when you see the maintenance notice, just wait for the maintenance to end before swiping the card.
Also, there is also a little knowledge point about the arrival mode of the POS machine. The T+1 method refers to the day after the business day. Therefore, if there is a holiday or weekend, the arrival time will naturally be delayed. In addition, trades made after 11 p.m. are considered the next day, so they will not arrive until the third day.
Of course, there are more headaches. If the transaction is deemed to be in violation, the funds may be frozen. At this time, it is necessary to provide relevant proof to unfreeze. So, don't violate the rules when swiping your card!
Finally, I have to mention the issue of payment companies. Sometimes, the payment company does not pay the customer, or the merchant replaces or reports the loss of the settlement card. Therefore, you must pay attention to check the settlement card information, and choose a regular POS machine with a payment license to avoid these problems.
Well, having said that, I hope it helps everyone. Remember to give it to your friends! Let's avoid the trouble caused by POS machine transaction problems!
This article is compiled and published by [Daewoo Technology Network] - Merchant Handling Risk Level.