Why is it forbidden to use personal collection code for business collection?

Why is it forbidden to use personal collection code for business collection?

Why do you want to prohibit personal payment codes from being used for business collection? The release of this new regulation is to further improve the financial security of mobile payment. Fixed merchants can receive and pay through registered merchant codes, so why should personal payment codes be prohibited from being used for business collection?

Why do you want to prohibit personal payment codes from being used for business payment 1 With the rapid development of the Internet age, mobile payment has gradually replaced cash payment as the main payment method in people's daily life.

According to relevant data, China's mobile payment usage rate ranks first in the world. Last year alone, the per capita mobile payment in China reached 665,438+05. At the same time, banks have handled more than 235.2 billion electronic payment services. The data shows that each person will complete 1.6 mobile payments every day.

Moreover, in order to make mobile payment as convenient as possible for users, Alipay, WeChat, etc. Payment code service has been launched. However, just recently, the central bank suddenly announced a new regulation prohibiting merchants from using personal payment codes of Alipay and WeChat. What impact will this have on the domestic mobile payment market?

First of all, after the introduction of the new regulations, many users learned the relevant situation for the first time. Some people even think that this is a new regulation prohibiting users from using personal collection codes. But in fact, this is not the case. It is clear that it is forbidden to use personal collection code for business collection. However, it is also necessary to distinguish the actual use of users.

For example, one case is a personal static collection code, which can be used to collect money through screenshot and print scanning. The feature is that the payment code is valid for a long time, and even if it is separated for a long time, the QR code can be scanned and collected.

The other is the merchant code applied by the user personally. This kind of QR code is often obtained by the actual registration of merchants, with clear business information and detailed business qualifications.

Therefore, after distinguishing the difference between the two payment codes, we can know why the personal payment code is no longer allowed to be used as the payment code of the merchant.

In the past, many media reported that in the process of buying a car and buying a house, business people would show their personal receipt code to customers to collect money. Because the nature of the payment code is personal, not the qualification of the merchant's own registration, it will often encounter more trouble in the subsequent recovery process.

Restricting the use of personal payment codes for commercial purposes is actually to ensure the safety of users' funds. At the same time, it can also crack down on many illegal platforms and use personal collection codes for collection and payment operations.

Generally speaking, the release of this new regulation is to further improve the financial security of mobile payment. Fixed merchants can collect and pay through registered merchant codes, and the state will continue to study individual operators such as mobile vendors and snacks.

Secondly, the new regulations announced this time will be implemented from next March 1. In the meantime, it is still not ruled out that the new regulations will be adjusted again. I believe that in the end, the payment of both individual businesses and individual users can be guaranteed by law.

Will the personal collection code be disabled?

After learning about two different payment codes, many users will also wonder whether personal payment codes will be disabled. In fact, judging from the new regulations issued this time, there is no mention of prohibiting individuals from using payment codes to carry out mobile payment services. However, in terms of frequency of use, user groups and purposes, there may be corresponding adjustment strategies in the future to distinguish whether personal collection codes are illegally used for business.

As for the face-to-face collection of relatives and friends, it can still be affected. After all, it is impossible for users to complete temporary transactions by applying for merchant codes, which is extremely unreasonable.

With the rapid development of mobile payment market, the security problems in the process of mobile payment can not be ignored. The personal collection code and merchant code of WeChat and Alipay are managed separately, which is more convenient to provide a safe and perfect collection and payment environment for individuals and merchants. Distinguish whether there are transaction risks and environmental risks in each payment.

Only in this way can the mobile payment market develop more safely and continuously.

Why is it forbidden to use personal collection code for business collection? According to media reports, starting from next March 1, the personal receipt codes of WeChat and Alipay cannot be used for business receipt. Once the news was sent, it quickly rushed to the hot search and continued to screen on major social platforms.

On June 3rd this year, official website 10, the central bank, issued a document, which put forward specific requirements for the management of payment acceptance terminal business, the management of special merchants, and the monitoring of acquiring business, and it will be implemented on March 1 2022.

It is worth noting that bar code payment, which is frequently used in daily life, is also included in the scope of supervision. The "Notice" has made specific provisions on its use, mainly focusing on formulating the classification management system of payment barcodes, prohibiting personal static payment barcodes from being used for remote non-face-to-face payment, and not using personal payment barcodes to carry out payment services related to business activities.

What specific changes will this requirement bring?

First of all, the personal collection code can no longer be used in business scenarios; Second, the merchant code rate is relatively higher, and the merchant cost increases; The third is the personal code or limit.

In view of this, what should the "roadside stalls" do?

Some people think that the payment industry should introduce some fee reduction policies to reduce the cost of merchants and improve the acceptance of individual operators.

This is a way of market regulation! If you have profitable transactions, you should pay taxes! This is just a ceiling for small businesses in the future. It does not restrict small-scale collection and prohibit remote collection rights. We also need to consider the retail problem of retail investors in the market. Retail investors can only sell agricultural products and specialty products. Is it necessary to apply for a so-called commercial receipt code?

Some people think that although the fee reduction is being implemented, in any case, the cost of merchant code is still a little higher than that of personal code, and small and micro merchants are sensitive to price, so it is not surprising that they are unwilling to change the code for the time being.

Generally speaking, the introduction of this policy will help to better protect the financial security of individual operators and small and micro businesses. For the sake of the property safety of the broad masses of the people, I hope everyone will actively support the new policy and not give criminals an opportunity.

Why is it forbidden to use personal collection code for business collection? Recently, it was reported that "WeChat and Alipay collection codes cannot be used for business collection". As soon as the news came out, many people worried that the QR code of collection in daily life could still be used.

In fact, the "new regulations" only add a "protective wall" to scan code payment. Merchants who use "code cards" or print and package QR codes need to apply to payment service agencies (such as WeChat and Alipay) to convert them into commercial payment codes. Consumers can still continue to pay by scanning codes in small restaurants and roadside stalls, provided that these self-employed and small and micro businesses apply for business codes.

Previously, some merchants used "code cards" or printed and packaged QR codes to collect money. This kind of personal static collection of bar codes has low security and is easy to be used by criminals. For example, some criminals use the "running sub-platform" to attract a large number of people to use personal static collection barcodes to remotely transfer gambling funds with gamblers, and hide gambling funds in many normal trading scenarios. Some use WeChat payment and Taobao payment "static code" vulnerabilities to implement "remote fraud" and so on. Therefore, this kind of "personal static collection barcode" must be applied to the collection service organization (such as WeChat, Alipay, etc.). ) to convert it into a commercial receipt code. In addition, according to the relevant requirements, it is not allowed to provide business-related payment services for individuals with obvious business characteristics through personal payment barcodes.

Effectively distinguish the scenes and uses of payment barcodes used by individuals and special merchants, prevent payment barcodes from being rented, lent, sold or used for illegal activities, upgrade "static code" to "dynamic code", and bring barcode payment into the scope of safety supervision, making up for previous loopholes. Through this change, we can prevent and intercept criminal acts and fully protect the interests of consumers.

The new policy is by no means to let consumers "have cash in their pockets", but to make it safer for consumers to pay by scanning code. The central bank's regulation of payment terminal management this time is to adopt a combination of unblocking and blocking. While strictly prohibiting the use of personal payment codes for merchant payment, it provides convenience for individual operators and roadside vendors to access the merchant code payment system, which not only ensures the convenience of people's code scanning payment and the security of personal information, but also takes into account the security and legality of merchants.

This new regulation will take effect on March 1 2022. Before the relevant requirements are implemented, the payment service organization must comprehensively and fully evaluate the normal payment needs of customers and formulate supporting service solutions to ensure that the service cost does not rise and the service quality does not drop.