POS machine prompts these 5 error codes! Be sure to stop swiping immediately!


Many merchant friends think that using POS cards is more secure than using POS to collect counterfeit money. However, the current POS machine's acquiring market is confusing, and the outbreaks of copy cards, fake cards and black cards have caused many merchant friends to suffer losses and become fooled. It is hoped that all major pos machines will use merchants to increase their vigilance. For example, POS machines will display an error code of 40, 41, 42 43, 44. Friends should remember to allow customers to re-card or cash in any case.

Now some fake cards can be used for consumption, and the receipt can be printed, but the cost of the card transaction is not accounted for. Many fake cards are cards that start with 6011, 644, and 65. Paste the number on the card reader to check the card number for comparison. Friends must check the card number when swiping the card. The cardholder must open a bank phone reminder and replace the IC chip card in time. The acquirer strictly guards against transactions in special areas, special time transactions, and special POS monitoring, such as immediate settlement, and real-time transfer to the account.

Then there are four reasons why some acquirers face more problems with the chargeback transaction:

1. The cardholder’s credit card is stolen and refused to pay;

2. The credit card consumption bill is different from the actual consumption place due to the set code;

3, transfer business stolen brush refused to pay;

4. Peer competition for malicious use of rules to refuse payment;

If we encounter the above problem of refusal, what should we do to protect our rights?

Xiaobian has three suggestions for friends:

1. The agent strengthens the daily transaction monitoring, strengthens the transaction verification for large amount of abnormal and abnormal trading time, and finds any doubtful points to contact the acquiring institution to freeze the funds in time, otherwise the agent will suffer losses if there is any problem;

2. Strengthen the identification of merchants, especially for transactions involving false merchants. Don't cause big losses because of small profits;

3. Involving the problem of the set code, pushing the specific unified solution to the merchant, so that when the consumer contacts the merchant, he can recall the transaction at that time and avoid further refusal.

The most troublesome problem for POS merchants is theft and refusal. With the severe crackdown on theft and refusal by the state, the spread of piracy and refusal has been largely alleviated.

However, as black cards, fake cards, fake cards and copy cards still exist, it is extremely important to remind POS machine merchants to use the standard acquiring process.

It is extremely necessary to know more about the fraud prevention information issued by payment companies, regional banks and local public security departments on a daily basis. Only when they have subjective safety awareness is the best safety fire prevention line. I hope this information will help my friends.

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