Who can run a foreign currency pos machine?

Foreign currency pos machines can be opened in Chinese banks. You need to bring five certificates and sign a special merchant to accept Visa master foreign currency contract.

For some domestic industries, it is inconvenient to meet thousands of foreigners every day, so it is necessary to apply for a foreign currency pos machine. To handle a foreign currency POS machine, you need to find a corresponding bank and provide relevant qualifications. It is recommended to find professionals who can operate safely and quickly and get the machine quickly.

I. Where can I apply for a foreign currency POS machine?

Generally speaking, the review process of foreign currency pos machines is strict, and merchants need to provide five certificates such as business license, tax registration, organization code, account opening permit and legal person ID card. After these documents are brought, you can go to the local bank to handle them. Generally speaking, it is recommended to choose Agricultural Bank of China, one of the four major banks. In the process of handling, it is necessary to sign a special merchant with the bank to accept the Visa master foreign currency POS contract. After the contract is completed, it shall be handled by the sponsor.

Second, the general industry of foreign currency POS machines

Our domestic UnionPay has very strict control over the consumption abroad channel, and merchants need to strictly implement relevant regulations before using POS machines. Some general industries dealing with foreign currency POS machines include restaurants, bars, foreign trade companies, hotels and a few other enterprises. Generally, hotels will need to open foreign currency POS machines. This industry has a large business volume and needs to be recycled directly. If you go from UnionPay, the handling fee is too high. The biggest feature of these industries is that they have more contact with foreigners. Opening a foreign currency pos machine can accept foreigners' credit card payment. Generally speaking, MasterCard, DC, JCB and other foreign currency cards can be used.

Third, the handling of foreign currency POS machines also needs to guard against risks.

Regular merchants must choose regular channels to handle foreign currency pos machines, and do not decode overseas pos machines at will, otherwise it will be easy to handle fake POS machines, which will lead to the theft of their users' bank card information and pose certain risks. When the card information is exposed, it is very likely that this information will be sold abroad, and it will be detected in the later stage of risk control. At this point, businesses should be prepared for risk prevention and control, and beware of being deceived.