The relationship between scan code payment and credit card POS: alternative or fusion?


The development of cash has taken 300 years, the development of bank cards has taken 50 years, the development of online payment has taken 10 years, the development of mobile payment may only take 3 years, and the pos machine has been in China since the 1990s. Is the popular role quickly submerged in the torrent of history?

Mobile payment, which is derived from the penetration rate of 58% of smartphones, has swept through China in the past few years. Major corporate giants such as Alipay, WeChat Pay, and Jingdong Pay have launched offensives to compete for mobile payment.

Mobile payment

The advantage of mobile payments is that they have a large potential user base. The portability of mobile phones provides the basis for carrying out various mobile payment services. At the same time, with mobile communication networks, mobile payment can be carried out at any time and anywhere, spanning time and geographical restrictions. Based on smart card technology, smart card and mobile phone are combined to have the characteristics of safe and rapid transaction, which is the development direction of mobile payment technology.

Like the current mobile phone-end platforms such as Alipay and WeChat, all support mobile phone online payment and offline mobile phone scanning code payment, which brings convenience to consumers. Therefore, in order to cater to this trend, offline entities have also equipped various devices that support scan code payment. More common are scanners and POS machines that can generate QR codes and infrared scanners.

POS machine
1. Solid payment concept
Swipe card payment has never been trusted to be slowly accepted. After a long period of time, POS machines have changed a payment habit and enabled businesses to manage information. The fundamental problem solved by POS machines is the speed of consumers and businesses, which is conducive to providing standardized services for merchants, and also makes the consumer experience much better than the previous bookkeeping consumption.

After more than 20 years of development, the POS system of the merchant has formed a system. Even if the mobile payment is overwhelmed, the merchant can not easily give up the POS system that he has been operating for many years and adopt a new payment method. It is a sign of mobile payment such as WeChat payment or Alipay on the merchant's checkout counter, and there are also many POS machines.

2, credit card points
For credit card users, the credit card's points can be said to be a must. It is appropriate to use POS to swipe credits, but what about mobile payments? Please see the picture below:

Point difference
In addition to the Shanghai Pudong Development Bank, the credit card for mobile payment can be described as unsatisfactory. The UnionPay payment is mainly suitable for online payment of computer equipment, and the mobile terminal is developing slowly. Therefore, in order to score, it is necessary to swipe the card.

3, the small amount of scanning code limit is inevitable
After the "96" fee change, the credit card swipe is not capped, and the handling fee is greatly increased. For the cash-card holders on the market, the cost is increased. So even if the handling fee can be lowered a little, it can save a lot of money for users with a large transaction volume.

Catch up with the central bank to release the QR code policy, the QR code officially went to the table, the rate of the QR code credit card payment is obviously lower than the various offline POS products, which was once sought after by everyone, and the fire is a mess. However, suddenly a large area limit, and the two-dimensional code paid a cold water.

4. The POS machine that does not admit defeat does not stop innovation.
Of course, POS machines are not easily "conceived" because of the popularity of mobile payments. The technology industry has emerged a large number of innovative POS equipment products, dealing with mobile payments.

For example, the popular POSS machine that supports "swing card payment" can be swiped after a short contact with the sensor as long as it is a UnionPay card with a Quick pass logo. POS machines with large NFC chips in large supermarkets and fast food restaurants can implement Applepay, Samsung pay, and even scan code. It is a successful case of combining mobile payment and POS payment.

After the predecessors planted trees, people took advantage of the cold, and the POS machine broke the original consumption thinking, at least making consumers have a stable transition to Internet payment. The advent of the mobile payment era has indeed enhanced the convenience of micropayments in life, but the rigid demand for basic equipment of POS machines cannot be ignored.

The development of payment methods is not only a simple and rude waste, but a constant search for the combination of convenience and practicality. Going to the mall to spend often asks "Can you pay Alipay / WeChat" instead of "can you swipe the card", the difference is that the POS machine is definitely available.

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