What is a POS machine one machine one yard? After the cardholder successfully prints the card on the merchant's POS machine, the ticket will be printed out. There is a merchant number on it. From the 8th to the 11th (4 digits), the MCC code of the POS machine of the merchant is corresponding to this code. It is the industry that the business operates. At present, the people's livelihood is 0.38% of the handling fee, the general category is 0.78%, and the entertainment category is 1.25%. Some POS machine practitioners will tell the merchants that they have cheap procedures for their personal gains. In fact, they will install the tools of the cheap fee industry to customers in high-rate industries, that is, apply low-rate codes (MCC). Code), when the merchants swipe the card, the MCC code on the small ticket is not consistent with the actual business project. This situation was discovered by UnionPay to be down or frozen, so the merchants are not involved in the POS! Beware of small and cheap, eat big losses! Compared with the big merchant model, the one machine and one code is less risky in terms of illegal operation, and the possibility of being checked out by UnionPay is greatly reduced, so the overall transaction volume becomes very small!
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Therefore, more POS institutions now use one machine and one code as a selling point, of course, there are also fakes! Because the real one machine and one code will eventually need to be verified after the card is swiped, otherwise there will be a virtual merchant number.
Top secret! What is a POS machine one machine one yard? One machine and one yard are also fake!