The influence of tens of millions of small traders has just been announced by Alipay and WeChat payment officials.
personal collection code can continue to be used after March 1
On the 22nd, the China payment and clearing Association released that in order to implement the requirements of the notice of the people’s Bank of China on strengthening the management of payment acceptance terminals and related businesses, the China payment and clearing Association organized member units to conduct a serious study on further optimizing bar code payment services. It is hereby announced as follows:
I. further optimize the business environment and provide more accurate and convenient payment services. The “personal business collection code” is newly set, and users can choose to use it freely. Users use the “personal business collection code”, the service is not reduced, the experience remains unchanged, the code assignment process is free, and they can enjoy more efficient transaction reconciliation and other services.
II. The current “personal collection code” is not closed or deactivated, and its function remains unchanged.
III. respect users’ right to know and choice. Member units should unblock channels, strengthen communication and explanation to users, and avoid criminals taking the opportunity to defraud.
Next, China payment and clearing Association will guide member units to continuously improve the service function of collection code, enhance the security of bar code payment, better meet the diversified payment needs of users, safeguard the legitimate rights and interests of users and create a good market environment.
China payment and clearing Association
February 22, 2022
Later, WeChat and Alipay announced later that the personal payment code could continue to be used after March 1st.
In October last year, the central bank issued the “notice on strengthening the management of payment acceptance terminals and related businesses”, which is required to be implemented from March 1 this year; Put forward a series of management requirements for receipt bar code payment. At the same time, bar code payment has also been included in the supervision, and specific provisions have been made on the use of bar codes for personal collection, which will be implemented from March 1, 2022.
Among them, the provision that “individuals with obvious characteristics of business activities… Shall not provide collection services related to business activities through personal collection barcode” has aroused the concern of the market that “small vendors can no longer collect money with personal collection code”.
At that time, it was said on the Internet that the data of personal collection code for nearly four years would also be traced. Once the amount was large, the tax would be paid by 4.5%, and the overdue fine and fine would also be paid. On February 15, wechat and other two head Payment institutions responded that this statement was a rumor.
Previously, the public security organ, together with the financial management department, found that the use of personal collection codes for rental and sale, the transformation of payment acceptance terminals, and the application of false merchants are common means for criminals, causing many individual merchants to suffer financial losses.
The relevant requirements issued by the people’s Bank of China are precisely to strengthen industry management, plug loopholes, cut off illegal chains, better ensure the capital safety of individual merchants and hold Lbx Pharmacy Chain Joint Stock Company(603883) “money bags”.
Experts believe that street vendors no longer have to worry that the QR code pasted on the stall can no longer be used
