Recently, everyone was shocked by the news that Alipay WeChat personal collection code can't be used for business collection. Some stall consumers expressed concern about not being able to collect money. So some small partners don't know what it means that the collection code can't be used for business collection. Below I bring you the introduction that the collection code cannot be used for operating collection. Let's take a look at it with interested friends.

what do you mean, the collection code cannot be used for operating collection?

Specifically, it means that the payment code of personal WeChat or Alipay cannot be used to collect money, but the QR code of merchant payment can still be used for business collection, provided that it needs to be commercialized, not personal. If you are a self-employed household, you need to apply to a collection service organization (such as WeChat, Alipay, etc.) for conversion to a commercial collection code. If I don't quite understand this, let me give you an example as follows:

1. Case 1

Xiao Wang is the owner of a restaurant, but he has been using the personal WeChat Alipay receipt code to collect money. However, with the formal implementation of the standard payment acceptance terminal requirements by the central bank on March 1, Xiao Wang will no longer be able to collect money from buyers through his own personal collection code. If you want to continue to use the collection code to collect money, you need to apply to the collection agency, that is, WeChat or Alipay platform for commercialization. After commercialization, you can continue to use the collection code to collect money.

2. Case 2

Xiao Li has his own fruit shop, and has already applied for the business license of individual industrial and commercial households. The QR code of payment posted in his store has been applied for the commercial payment code through WeChat and Alipay platforms. After the implementation of the new regulations of the central bank, he will not be affected, and consumers can pay by scanning the QR code of the collection.