What does the T+0 POS machine mean?
The so-called T+0 refers to all successful transactions on the POS machine, and the POS machine settlement funds are transferred to the designated settlement account on the day of the silver, and the special settlement processing business of the relevant service fees is charged. At present, the T+0 POS machines that are popular in the market are all paid by the payment company, and the funds are advanced on the same day, and a high processing fee will be charged accordingly.
The T+0 POS machine is very beneficial for the rapid turnover of funds, but because T+0 has many financial security loopholes, in the event of an accident, it will cause great losses to the cardholders and merchants.
What does the T+1 POS machine mean?
T+1 means that the POS transactions that occurred on the same day are extended to the next trading day for settlement. This settlement method is in line with the way of UnionPay's settlement of funds, and the security and stability are greatly guaranteed.
What does the D+0 POS machine mean?
D+0 POS machine, as long as the transaction occurs, whether it is a trading day, a holiday or a bank break, can achieve the same day.
Merchants who want to apply for the D+0 machine can think about it, the holiday bank is resting, and who will give you the settlement of funds? Where is your money going, the security and instability of this POS machine is debatable.
Recommendation: T+0 POS machine is now widely distributed in the market, but because it is too insecure, it is recommended to handle the most common T+1 POS machine in order to protect its own funds.
In the UnionPay card payment acceptance service, the T+0 settlement business nails will transfer the settlement funds of Party B to the settlement account designated by Party B on the day of the UnionPay card transaction, and collect the special settlement processing business of the relevant service fees.
At present, it is more popular in the industry to carry out this business by means of joint payment by the payment agency and the agent. The purpose is to standardize the risk of the agent developing the merchant and maximize the win-win situation.
Similarly, individual institutions have carried out T+0 settlement services in violation of regulations, and such risks have circumvented relevant regulatory requirements, but have reduced the pressure on the exchange of institutions.
The so-called T+0 refers to all successful transactions on the POS machine, and the POS machine settlement funds are transferred to the designated settlement account on the day of the silver, and the special settlement processing business of the relevant service fees is charged. At present, the T+0 POS machines that are popular in the market are all paid by the payment company, and the funds are advanced on the same day, and a high processing fee will be charged accordingly.
The T+0 POS machine is very beneficial for the rapid turnover of funds, but because T+0 has many financial security loopholes, in the event of an accident, it will cause great losses to the cardholders and merchants.
What does the T+1 POS machine mean?
T+1 means that the POS transactions that occurred on the same day are extended to the next trading day for settlement. This settlement method is in line with the way of UnionPay's settlement of funds, and the security and stability are greatly guaranteed.
What does the D+0 POS machine mean?
D+0 POS machine, as long as the transaction occurs, whether it is a trading day, a holiday or a bank break, can achieve the same day.
Merchants who want to apply for the D+0 machine can think about it, the holiday bank is resting, and who will give you the settlement of funds? Where is your money going, the security and instability of this POS machine is debatable.
Recommendation: T+0 POS machine is now widely distributed in the market, but because it is too insecure, it is recommended to handle the most common T+1 POS machine in order to protect its own funds.
In the UnionPay card payment acceptance service, the T+0 settlement business nails will transfer the settlement funds of Party B to the settlement account designated by Party B on the day of the UnionPay card transaction, and collect the special settlement processing business of the relevant service fees.
At present, it is more popular in the industry to carry out this business by means of joint payment by the payment agency and the agent. The purpose is to standardize the risk of the agent developing the merchant and maximize the win-win situation.
Similarly, individual institutions have carried out T+0 settlement services in violation of regulations, and such risks have circumvented relevant regulatory requirements, but have reduced the pressure on the exchange of institutions.
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