It’s quite reliable. As a payment company with a state-owned background, Qianbao’s current practices are not that radical. However, the policy is stable and it is a breath of fresh air in the industry. The price has not been adjusted for several years. The quality of merchants is particularly stable. Although the market share is not very high, it should be said that customer stability should still be very good. So in general Qianbao POS machine is quite reliable. : 1. POS machine POS machine is a terminal reader equipped with barcode or OCR code technology. It has the cash or barter exchange limit cashier function, provides data services and management functions for commodity and media transactions, and performs non-cash settlement. It is widely used in electronic systems in retail, hotel and other industries. Its main function is to count product sales, inventory and customer purchasing behavior. Through this system, operational efficiency can be improved. 2. Can POS machines accept credit cards? POS machines can only accept UnionPay cards. POS is a multifunctional terminal. If it is installed at special merchants and acceptance outlets of credit cards and connected to the computer network, automatic transfer of electronic funds can be realized. It supports consumption, pre-authorization, balance inquiry, transfer and other functions, and is safe, fast and reliable. UnionPay cards refer to bank cards that comply with unified business specifications and technical standards and have the word UnionPay printed on them at designated locations. Most ** begin with 62. According to the relevant person in charge of the People's Bank of China, bank cards with the UnionPay logo must comply with the unified business specifications and technical standards stipulated by the People's Bank of China and be approved by the People's Bank of China. 3. The role of POS ① The role of POS machine is to serve as a transaction auxiliary tool between merchants and users. It is a medium, and this medium is recognized and protected by the central bank. The funds generated by users’ transactions will be submitted to UnionPay through the acquirer. , and finally settle to the card issuing bank. The card issuing bank records the funds to the merchant, and the entire process requires corresponding handling fees. This handling fee is obtained by the card issuing bank, UnionPay, and the acquiring institution respectively. ②POS machines are the most widely used by enterprises. Since it is convenient for merchants to collect payments, users can swipe their cards directly at the POS machine when shopping. Current POS machines support card swiping, code scanning and quick payment. It can be said that it has various functions. When you go out for consumption, you can complete all payments with a mobile phone and a card, which reduces the usage of banknotes. Merchants also save the time of making change and counting transaction flows. It can be said to be the best of both worlds.