The billing service refers to the final cardholder swiping the card at the bank signing merchant for bank settlement. The process of acquiring bank settlement is to get the transaction documents and data from the merchants, deduct the fees calculated according to the rate, and then pay the money to the merchants, from which a certain percentage of the handling fee is deducted.
With the increasing trend of bill collection and settlement services and financial disintermediation, emerging industries of Internet finance with P2P, crowdfunding model and third-party payment as the core are gradually taking shape.
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Significance of bill collection and settlement service:
Cardholders get various conveniences by using bank cards and pay for them. The development of acquiring business is to provide cardholders with an environment and improve the convenience of using bank cards, so acquiring business is an indispensable foundation for the operation of the whole bank card system.
Through cooperation and cross-marketing with special merchants, developing acquiring business and providing preferential or additional value-added services for cardholders are powerful means to improve cardholders' satisfaction and loyalty and build the core competitiveness of bank cards.
In addition, the development of POS acquiring business can also provide a channel for entering new market types, make market preparations for the opening of new corporate settlement business and credit card business in the future, and lay a foundation for personal loans, consumer credit and other businesses.
Baidu Encyclopedia-Bill Collection Business