The prospect of QR code payment

As the People's Bank of China reformed the pos acquiring rate on September 6th, the offline traditional credit card acquiring market was hit hard, the settlement interest rate rose, and the merchants' rates were lowered, resulting in the loss of profits of payment companies and service providers engaged in pos acquiring nearly 1/2. It can really be said that it is struggling to survive in the cracks, which confirms the joke that "mother goes to war and grows nothing", but the payment company can't sit still and can't fight offline.

With the fee reform, the two major payment giants, WeChat Alipay, led the market trend, providing competitive online payment channels and technical support to major third-party payment companies and fourth-party technology companies. Since then, scan code payment and cardless payment have become out of control.

I have worked in the payment industry for many years, watched the ups and downs of many payment products, and paid attention to the demands of many users. A brief analysis of the "inside story" of QR code payment can give you some reference!

Advantages of QR code payment:

1, low rate: payment is made through Alipay and WeChat forward/reverse scanning QR code, and the rate of various products on the market is set as: t+ 1.38%, d+0.5%. There is also a payment of about 1 yuan through the UnionPay payment interface. Of course, there are also some "subversive" companies, and we will ignore all kinds of wonderful prices for the time being.

2. Low cost: scanning code payment is presented in three ways: electronic QR code, card QR code and table card. Electronic code has no cost, as long as you build the system, it will be inexhaustible. Cards and table cards need to be made, and the cost is about 50 to 3 yuan. There is no need for equipment costs such as POS machines, equipment depreciation and maintenance costs, which promotes the outbreak of scanning code payment.

3. Low risk: you don't need to carry a bank card when using the QR code to pay, which fundamentally eliminates the losses caused by fake cards. Two-dimensional code payment belongs to online mobile payment mode, which is not restricted by UnionPay, without any damage to the card, without sealing or reducing the card.

4. Easy to popularize: Consumers have changed from carrying cash-bank cards-mobile phones. Under this thrust, scanning code payment is the trend. In addition, QR code payment can be used anytime and anywhere, with a wide range of applications and high consumer acceptance. It also brings convenient and affordable collection tools to merchants, and the market naturally comes naturally.

The disadvantages are also obvious: mixed fish and dragons, forward scanning is limited by UnionPay, and the amount of reverse scanning is low. At present, there are thousands of WeChat, but some code scanning products have UnionPay express payment, with a single payment of about 20,000 yuan and a rate of 0.6% second, which enhances the flexibility of products and meets the needs of large credit card swiping. (For example, there are UnionPay shortcuts for linkage code scanning payment, extreme speed code scanning payment and Marui code scanning payment).

Let's talk about the security of funds. Online code scanning is more complicated than offline POS technology, and there are many processes: WeChat Alipay channel, payment company (third party), D0 funder, and cardless technology company builder (fourth party). Card-free products need four parties to participate in cooperation, which is really complicated. For users, there is a simple way to tell whether it is safe: look at the flow of funds after scanning code payment and the payee (such as Minsheng Bank). Secondly, look at the account: for example, UnionPay payment, so-and-so bank makes money directly, which is relatively safer. Everything else is floating clouds!

Simply put, QR code payment is a hot topic this year, subverting the traditional pos thinking and leading the innovative payment trend, which is a product that completely changes the payment industry. Scanning code payment is favored by many young people. You only need to bring a mobile phone to eat, go shopping and take a taxi. There is no need to put so many cards in your wallet. More and more people see the development prospect of QR code payment, but they can't start blindly. They can fully understand, study in detail and experience for themselves first, so as to ensure that it is beneficial and harmless to you!

Example: The above is only for the reference of friends who want to know about the water testing situation in the industry!