The function of All in one POS

With the credit card slowly popularizing, more and more consumers have 2 or 3 credit cards per person or even more. 

All in one POS provide great convenience and attraction for credit card consumption. We don't need cash, a credit card can easily go around the world. So do you know what the POS system is used for?

The function of All in one POS is to serve as an auxiliary tool for transactions between merchants and users. It's a medium. And this medium is recognized and protected by the central bank. Funds generated by user transactions will be submitted to Union Pay through the receiving agency, and finally cleared to the issuing bank. The issuing bank then transfers the funds to the merchant. The whole process needs to charge the corresponding commission fee. This poundage is obtained by issuing bank, union pay and receiving institution respectively.

The most widely used pos system all in one is the merchant. As a merchant, it is convenient to collect money. When the user is shopping, he can directly swipe the card on the pos system. The current All in one POS supports flash payment by swiping the card and scanning the code, which can be described as a complete set of functions. Going out with a mobile phone and a card can complete all the payments, reducing the use of paper money, businesses also save time to find change and statistics of transaction flow, can be said to be the best of both sides.

All in one POS are also common for personal use. Although the use of POS all in one pc for cash is expressly prohibited, many people are still walking on the edge of the law. Such violations can lead to reduced credit card limits, but many banks have taken a neutral stance. After all, credit card will produce poundage. Poundage is also one of the main sources of profit from credit card consumption, only transaction flow can bring considerable profit.

This is how BVS explains the purpose of the All in one POS. Welcome to pay attention to our company's website!