Why is there a daily limit for scanning QR code payment?

The central bank issued new regulations on barcode payment yesterday, clarifying that payment institutions must be licensed to provide barcode payment services, and will carry out hierarchical management of barcode payment amounts, with a single bank account or all payment accounts of the same customer, with a minimum daily limit of 500 yuan.

There are two ways to use the payment ***, one is the main read and the other is the read type. In the main reading mode, the payer uses the built-in reading software of the payment client app to scan the *** containing the payment link for payment. With a swipe of the mobile phone at ***, the payment is completed.

In our lives, there are more and more such scenes. Payment is currently an officially recognized payment method.

Why is the minimum daily limit of 500 yuan for <> QR code payment?

Summary: The introduction of the standard of 500 yuan for a single day has better protected the safety of users' funds and better guarded against some criminals.

On December 27, the People's Bank of China issued a notice on the "People's Bank of China Barcode Payment Business Specification (Trial)", which will be implemented from April 1, 2018. The new regulations classify the risks of various types of barcode (***) payments and specify transaction limits.

That is, if two or more types of valid elements, including digital certificates or electronic signatures, are used to verify the transaction, the customer can independently agree on the cumulative limit of a single day through an agreement;

That is, if two or more types of valid elements are used to verify the transaction, including digital certificates and electronic signatures, the cumulative transaction amount of a single bank account or all payment accounts of the same customer in a single day shall not exceed 5,000 yuan;

That is, if less than two types of elements are used to verify the transaction, the cumulative transaction amount of a single bank account or all payment accounts of the same customer in a single day shall not exceed 1,000 yuan;

That is, if a static barcode is used, the cumulative transaction amount of a single bank account or all payment accounts of the same customer in a single day should not exceed 500 yuan.

Alipay said that it highly agrees with the efforts made by the central bank to standardize barcode payment, Alipay is very concerned and is organizing a team to carefully study this notice, and will continue to collect the actual needs of users and merchants, and actively develop new technologies and explore the feasibility of new technologies applied to the field of barcode payment.

The risk of low security intensity of scanning equipment, low requirements for barcode payment, ordinary mobile phone cameras, supermarket simple cash register scanners and other devices that do not have security functions such as encryption and anti-demolition machines can identify barcodes, and are easy to be illegally modified and used by criminals.

Summary:Alipay has worked hard for the safety of people's property.

Alipay scan code payment limit is 500 yuan.

Use the payment code to pay, and the payment password is not required when the amount of a single transaction is less than or equal to 2,000 yuan. Once the limit is exceeded, the cashier will be called for identity verification, that is, the password will be entered for payment (no payment password is required within 2000 yuan, and it has nothing to do with whether the small-amount password-free is turned on), and the password-free payment is convenient.

Alipay (China) Network Technology Co., Ltd. is a third-party payment platform in China, committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always taken "trust" as the core of its products and services. It has two independent brands, "Alipay" and "Alipay Wallet".

Since the second quarter of 2014, it has become the world's largest mobile payment manufacturer.

Alipay scan code payment limit is 500 yuan.

Since April 1, 2018, the official website of the central bank has issued the "Barcode Payment Business Specification (Trial)", which has set "rules" for barcode payment: if static scanning code payment is used, the cumulative transaction amount of the same customer bank or payment institution in a single day should not exceed 500 yuan, and the maximum limit for dynamic scanning code payment is not limited.

Alipay scans the collection barcode that the merchant sticks on the counter is a static barcode, and the static barcode has a long time limit. Dynamic barcodes are relatively safe, changing from time to time, and generally displayed on the electronic screen dynamically changing.

The use of static barcode payment has a low risk prevention ability.

Therefore, the same customer bank or payment institution is stipulated.

The cumulative transaction amount in a single day should not exceed 500 yuan.

There is no limit to the amount, as long as you have money, you can pay directly, there is no 500 limit.

There is a limit. According to the regulations of the central bank, the cumulative transaction amount of a single bank account or all payment accounts and quick payment of the same customer should not exceed 500 yuan in a single day when using static barcode payment.

From December 1, 2016, when using an Alipay account to transfer money, the maximum number of transfers in a single day is 100 transactions of Biyin. The amount of a single transfer remains unchanged: 50,000 yuan for a single transaction, 200,000 yuan for a single day, 200,000 yuan for a single month, 50,000 yuan for a single transaction, 200,000 yuan for a single day, and 200,000 yuan for a single month.

From December 1, 2016, the same user can only open one payment account on Alipay; If there is no transaction within 6 months from the date of registration, the account may be suspended and can be used again after re-verification; If multiple accounts correspond to the same mobile phone number and are not reasonable, Alipay will notify and clean up such accounts.

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When the QR code payment limit is full, it means that when you use a payment method (such as WeChat Pay, Alipay, etc.) to make a payment, the payment amount has reached the limit of the payment method. This is to avoid the misuse of user funds and ensure the safety of users' accounts and assets. If you encounter a situation where the QR code payment limit is full, you can consider the following solutions:

1.Multi-code payment with grandchildren: If the payment amount exceeds the limit of the payment method, you can try to pay in multiple times.

2.Change your payment method: Another option is to change your payment method to make a payment.

If you need to frequently use a certain payment method to make high-value payments, you can contact the customer service or bank of the payment method to apply for an increase in the payment limit. However, increasing the late-chain payment limit requires multi-factor identity authentication, and may require a certain amount of proof of assets, which can be used for higher payment after approval. We hope you find these suggestions and answers helpful, and if you have any other questions that need to be answered, please feel free to ask them again and I will be happy to continue to help you.