On March 1, the new regulations on the use of personal collection barcodes will be implemented soon, and the attention of all parties has heated up again recently. As March approaches, many stall owners and vendors are most concerned about whether they need to transcode. On the evening of February 22, the China Payment and Clearing Association issued an announcement saying that "the current 'personal collection code' is not closed, does not stop, and the function remains unchanged." At the same time, the announcement of the Payment and Clearing Association clearly states that users can freely choose to use the newly established personal operation collection code. That night, Alipay and WeChat Pay also issued announcements to explain this.
The personal collection code is not used, and the business collection code is voluntarily upgraded
According to the "Announcement on Optimizing Barcode Payment Services" issued by the China Payment and Clearing Association on the evening of the 22nd, in order to further optimize the business environment, more accurate and convenient payment services are provided. A new "Personal Business Collection Code" has been set up, which users can freely choose to use. Users use the "personal operation collection code", the service is not reduced, the experience remains unchanged, the code assignment process is free, and can enjoy more efficient transaction reconciliation and other services. At the same time, the current "personal collection code" is not closed, not stopped, and the function remains unchanged.
There are two main points in the announcement of the Payment and Clearing Association. The first is to clearly state that the "personal collection code" is not closed, does not stop, and the function remains unchanged. The second point is the new "personal operation collection code", users can freely choose to use, the service is not reduced, the experience is unchanged, and the code assignment process is free.
In other words, whether the user has set up a new personal operation collection code is up to him. The relevant person in charge of the Payment and Clearing Association said that users with obvious business activity characteristics are encouraged and guided to use personal business collection codes, but it is by no means mandatory "one-size-fits-all", and the vast majority of users are not affected, especially the township residents who sporadically sell their own seasonal agricultural and sideline products or their own handmade small commodities, urban local stall mobile vendors and other users are basically unaffected.
A new "Personal Business Collection Code" will be set up, and the service will be upgraded
So, how is the "personal business collection code" mentioned in the announcement different from the previous "personal collection code"? What are the benefits of merchants using the business code?
Wang Pengbo, a senior analyst at Broadcom Consulting, explained that in fact, there is no difference between personal code and merchant code on the medium. Only when the acquirer identifies the identity, there is a distinction, behind the personal code is an individual user, behind the personal operation collection code is also a personal user (equivalent to merchant management), and the corresponding merchant behind the merchant code is the merchant. The merchant code needs to provide more supporting materials such as business license, legal person certificate, etc. From the functional point of view, the merchant code should be more powerful, such as the personal code can only accept other people's debit card transfer payment, and the merchant code can be used for credit cards and debit cards. Previously, Alipay and WeChat Pay also issued paper media collection codes to individual users, but they were still personal codes in nature.
In this regard, the relevant person in charge of the Payment and Clearing Association explained that on the one hand, the personal operation collection code can accept credit card payment, and can also obtain value-added services such as account management, transaction reconciliation, and specific marketing. On the other hand, the personal operation collection code can also better realize the prevention and control of transaction risks and more effectively protect the safety of user funds.
How do I transcode? Alipay and WeChat will send targeted invitations
In response to the need to transcode, how to transcode and charges and other issues of concern to individual operators, Alipay and WeChat Pay also issued announcements on the evening of the 22nd to explain.
WeChat Pay and Alipay announcements on the situation related to personal collection codes
Alipay said in the announcement that after March 1, the personal payment code can continue to be used and enjoy a series of existing services, including free withdrawal. Its announcement pointed out that from March 1, Alipay's personal collection code can be upgraded to the "personal operation collection code". The upgrade process is completely free. After the upgrade, the original rights and interests such as free money collection and free cash withdrawal will continue to be enjoyed, and will also enjoy higher rights and interests such as the "dare to collect and dare to lose" guarantee amount. Alipay will combine the user's collection characteristics, issue a personal collection code upgrade invitation to the user, and provide personal payment code upgrade service under the premise of respecting the user's choice.
WeChat Pay also explained in the announcement that after March 1, combined with the user's collection situation, it will successively issue invitations through WeChat collection assistant message notification and other means, provide personal operation collection codes under the voluntary circumstances of users, receive material code plates for free, and enjoy more rights and services such as operating ledgers and business analysis.
In this regard, Wang Pengbo analyzed to the Nandu reporter that the use of the original personal collection code was not restricted in any way, and the conversion of the "personal collection code" was completely based on the principle of voluntariness, and the user transcoding did not increase any cost, and after transcoding, he could also enjoy more services such as business analysis. More notably, from the overall point of view, the regulatory policy on personal collection barcodes will not have any impact on the sustainable development of the industry from the market operation level. The ordinary user's scanning code payment experience will not be affected, and the operating costs of the largest number of small and micro merchants will not increase.
According to the relevant person in charge of the payment association, fully considering the actual situation of customers such as mobile vendors, small and micro merchants and individual operators who apply for personal business collection codes are charged in accordance with the principle of "low is not high", and the standard charges of personal collection codes are reduced.
Written by: Nandu reporter Xiong Runmiao