How e cash is used and where e cash can be used

Hello, generally speaking, UnionPay chip cards issued by banks that meet the standards of the People's Bank of China have two basic accounts, one is an ordinary financial account, and the other is an electronic cash account. An ordinary financial account is a savings account, which can handle online deposits and withdrawals, transfers, consumption and other services. The extra electronic cash account of the chip card is an account closely related to the QuickPass function.

An e-cash account is equivalent to an e-wallet, similar to a bus card. The maximum storage limit is 1,000 yuan, and only the chip card with electronic cash can be used for flash payment.

Generally, banks issued. Meet the standards of the People's Bank of China. Even chip cards have two basic accounts.

One is a regular financial account. The other is an electronic cash account. A regular financial account is a savings account.

Online deposits and withdrawals can be made. Transfer. consumption and other businesses.

The extra e-cash account is an account that is closely related to the QuickPass function. An e-cash account is equivalent to an e-wallet. It is similar to a bus card.

Save before you use. No overdraft. If the card is lost, the loss will not be reported in advance.

The maximum deposit limit is 1,000 yuan. Only chip cards that store electronic cash can be used for flash payments. 2. How do I know if my chip card can use the QuickPass function?

There are many kinds of UnionPay chip cards issued by the People's Bank of China. Cards that support QuickPass. There will be an obvious one on the card face.

A combination of Chinese and English. Qu ckpass QuickPass. Only chip cards with this logo can be used for flash payments.

But partially. The card can be used to use an electronic cash account by inserting the card. If you do not have the above mark, the chip bank card cannot use the UnionPay quickpass function.

3. Some POS machines support the function of inserting cards to use the balance of electronic cash accounts. If you use the feature. Yesterday's transaction was deducted from the balance of the electronic cash account.

And offline consumption is not networked. Do not enter a password. Receipts are not signed.

If you choose not to use it. The transaction uses the balance of the financial account. and trade online.

A password is required. Receipt signature. It should be noted that:

If you choose an electronic cash account and the electronic cash account is insufficient to pay for the transaction. The POS machine automatically trades online. Prompted for a password.

Electronic cash can be used in public transportation, as well as in places such as health care, education, utility billing, highway tolls, convenience stores, chain fast food restaurants, supermarkets, standardized vegetable markets, etc.

Electronic cash has the following features:

1. There should be an agreement and authorization relationship between the bank and the merchant.

2. Users, merchants and e-cash banks need to use e-cash software.

3. e-cash bank is responsible for the transfer of funds between users and merchants.

4. Electronic cash is anonymous to users, and the use of electronic cash consumption can protect users' information.

In layman's terms, electronic cash transactions are an account with an e-wallet buried on your bank card. You can choose whether to pay with a bank card account or an electronic cash account when you swipe your card.

Electronic cash is treated as cash, and the account limit is 1,000 yuan, which is the same as cash. In other words, if you lose your card, you can go to reissue it, and the money in the Yinwan filial piety account will be retained, but the money of electronic cash will not be recovered, just like your wallet is lost, and the cash in it cannot be recovered.

The advantage of electronic cash is that the payment is fast, and the bank card is the same as the bus card, and you can put it on the POS machine, and at the same time save the trouble of making change.

Electronic cash is actually a technology that simulates cash in electronic form. The electronic cash system attempts to make cash for the most important aspects of the transaction replication ruler: convenience, low fees (or no transaction costs).