Shajijinghou industry to clean up a gun, pay plate highlighting the scarcity of

Last week, the central bank officially issued a "remit to pay the world", "" Rich Friends "," Yi Bao "," accompany to pay "the four Third-party payment agencies of the punishment advice, the" listed provinces and cities outside the area to stop the development of new merchants, and all the stock of merchants and receiving terminals in accordance with the provisions of a comprehensive clean-up. "

The punishment has been for a long time. In March this year, the central bank issued a bulletin of the People's Bank of China on the risk of pre-authorization of bank cards, requirements from April 1 onwards, including "remit to pay the world", "Yeepay pay", "accompanying pay", "rich Friends", "Sheng", "Cayou", "Sea branch Financing", "Czech Ching Tong" 8 Third-party Payment Agencies nationwide have suspended access to new businesses. The four third party payment agencies that were apparently punished did not do so.

The industry to straighten out a gun

As for the third party payment agencies are still holding a lucky mentality to access the newly developed merchants, a large part of the reason is that named companies consider this an industry phenomenon, the size of the payment agencies involved, and the two-dimensional code suspended by the central bank, still under the central bank's eyes, and therefore the naming event.

This time, the central bank issued a ticket is targeted to the violation of third-party payment agencies to punish, visible industry to rectify the big resolution.

The penalty payers are bound to get hammered in the receipts business, "remit to pay the world" within a year evacuated 15 provinces and cities of the existing receipts business, "rich Friends", "Yi Bao" then withdrew from the 7 provinces of the receipt business, "accompanying payment" also forced to exit 5 provinces 2 city receipts business.

Sets of code, cutting machine, disorderly elephant tufted

Below the line receipts the processing fee divides into the proportion generally is, the issuing bank, the receipt institution, the UnionPay =7:2:1. In the handling fee rate on the 0.3%-2% range, not the same industry fee differences allow the receipt of the Agency to see the interests of space, sets of code, cutting machine and other chaotic image also produced.

"Set code" refers to "MCC code", also known as merchant Class code. In order to compete for the user resources, the third party payment organization often gives the user enterprise a low handling fee POS machine. For example, restaurants, hotels, entertainment, jewelry gold ornaments, arts and Crafts category handling fee is 1.25%, wholesale merchants, department stores, intermediaries, scenic tickets and other fees for 0.78%, transportation ticketing, utilities, government, convenience category, public service fees for 0.38%. By forging virtual merchant, the receiving institution frequently changes the information of the merchant, or forges the net information of the merchant to reach the set code purpose. For example, a Third-party payment agency would put a POS for a department store in a gold-selling store to reduce the fees to be paid. At present, offline billing business is highly competitive, the code is also in the industry to accept a single enterprise bigger and stronger "only way."

It should be noted that the receipt of a business can be a third-party payment agencies can also be the bank itself, the public to understand that the entire POS market, the bank Self-and accounted for 40% of the share. The frequent nesting of third party payment agencies and the development of new merchants ' behavior in the disruption of online billing market, but also inevitably affect the interests of banks.

In addition to the secrecy that is disclosed in the industry, the third party is responsible for the "cutting" behavior of third-party payment agencies. "Cutting Machine" is also a way to help third-party payment agencies to quickly access user resources. Third-party payment to reduce handling charges, such as bait, so that merchants upgrade the original POS program, by the competitor's original program to replace the program to obtain new users. It is this phenomenon that has ravaged the central bank's request to four paying institutions to "stop developing new businesses".

Payment Plates Highlight Scarcity

According to statistics collected by the public, the central bank issued a total of five batches of third party payment licences by July 10, 2014, totaling 269 licences. As early as May 18, 2011, 27 units were approved, 13 were approved on August 29, 2011, 61 were approved on December 22, 2011, 95 were approved on June 27, 2012, and 19 were approved on July 15, 2014.

Although central bankers say the licences will not be stopped, the current reality is that the speed of licensing is slowing, the standard of application will be stricter, and the rarity of licences will gradually emerge.