Central Bank: "Chopping Hands" Don'T Worry. There Is No Restriction On Online Shopping Consumption.

Don't worry about "chopping hands party". The statement that the maximum limit of online shopping is 5000 yuan is the misreading. There is no limit to the amount of online shopping consumption.

The 5000 yuan limit is only targeted.

The deduction is not directed against the bank account.

In July 31st, the central bank distributed the weekend "big gift package" to issue the "non bank payment institutions' network payment business management method (Draft)" (hereinafter referred to as "draft opinion").

Subsequently, there are market participants for the draft article twenty-eighth interpreted as the third party payment account maximum payment amount is only 5000 yuan.

In response, the market reacted strongly.

It means never buying and buying anymore.

In the evening of July 31st, a central bank related person drafted by the draft draft responded exclusively to the reporters. In the market, there was no restriction on the consumption amount of online shopping, which was stipulated by the draft opinion that the maximum limit of online shopping was 5000 yuan.

Reporter: the twenty-eighth article of the draft opinion stipulates that the payment institution shall use the two category (or above) elements that do not include digital certificates and electronic signatures to verify pactions, and the accumulative amount of a single customer's payment account should not exceed 5000 yuan per day.

Market interpretation of this view, the third party payment account payment amount of 5000 yuan, is this consistent with the original intention of the draft?

The central bank: don't worry about "chopping hands". There is no limit to online shopping consumption.

The 5000 yuan limit is only targeted.

The charge is not directed against the bank account (the payment account is the capital account established by the consumer on the consumer platform, while the bank account is the fund account established by the consumer in the bank).

That is to say, when online shopping is deducted, when the amount of consumption exceeds 5000 yuan, after deducting 5000 yuan from the payment account, part of the excess of 5000 yuan is deducted from the bank card account.

Therefore, the consumption quota has not been affected in reality, but the way of withholding money is different.

For example, if Xiaoming buys a mobile phone worth 6000 yuan on Alipay, it happens that his Alipay account has 6000 yuan, but according to the regulations, Xiao Ming's consumption limit is only 5000 yuan per day. What should he do? In fact, there is no need to worry about this problem. Deducting money will deduct 5000 yuan from Xiaoming's Alipay account, and the remaining 1000 yuan will be deducted automatically from the bank account which is bound by Xiao Ming.

Just for the sake of financial security, if Xiaoming wants to reach the consumption of 5000 yuan payment account, Xiaoming needs to provide two kinds of cross validation of his information so that Xiao Ming can prove "you are you".

Reporter: the twenty-eighth article of the draft opinion stipulates that the payment institution should use less than two factors to verify the paction. The cumulative amount of a single customer payment account should not exceed 1000 yuan per day.

Suppose we have a scenario. If Xiaoming needs to use the online consumption items such as Uber taxi, the consumption quota will be limited to less than 1000 yuan?

Central bank: there is no limit.

In fact, on the same side, our supervision over the consumption quota of 1000 yuan is more lax, requiring only one type of verification information.

For example, Xiao Ming only needs to provide his ID card number or cell phone number. One of the two items, he can easily take a taxi with Uber.

However, if Xiao Ming is deducted for no reason and the amount is less than 1000 yuan, who should be paid? The draft article twenty-eighth also stipulates that the payment institution should undertake to undertake the risk loss and compensation liability of such pactions in an unconditional way.

Reporter:

The payment institution adopts pactions of two types (including or above) including digital certificates or electronic signatures, and the accumulative limit of a single day is agreed independently by the payment institution and the client through the agreement.

Does the amount of autonomy agreed mean unlimited? Let's suppose a scenario that if a local tyrant wants to buy BMW 7 online, can he buy it through the third party payment account?

The central bank: equally, it is also unrestricted.

The Internet can buy BMW's VIP customers. From a security standpoint, if the payment amount of the payment account is used, the payment institution can decide independently through the agreement.

There is a difference between the third party payment account and the bank account. According to the different verification standards, we will set up three levels of consumption level for the payment account. The most high-grade payment account is no consumption limit, the median is 5000 yuan, and the low grade is 1000 yuan.

The highest level includes two types of verification information, such as digital certificates or electronic signatures. The mid-range does not include two types of verification information, including digital certificates and electronic signatures.

With a high level of security, we can identify uniqueness, non repudiation and unforgery, so theoretically we can afford unlimited consumption.

On the contrary, the payment institutions will impose certain consumption limits on such high security customers, but the central bank has not set limits on them, which is determined by the payment institutions according to their own circumstances.

Reporter: the sixteenth draft of the draft opinion stipulates that the payment institution will open the payment account for individual customers and pay the network payment on the basis of the balance of the payment account. The balance payment paction of all the payment accounts (excluding payment accounts to the client's bank account pfer with the same name) should not exceed 200 thousand yuan per year.

If a personal customer has only a consumer payment account, the balance of all payment accounts shall be no more than 100 thousand yuan a year.

Is the customer certified by the highest level constrained by this rule, or can they pay unlimited consumption?

Central bank: theoretically, regulators do not pay customers' consumption limits for such customers (through the highest level of verification).

But because of safety considerations, the payment institutions often restrict the consumer's payment account.

The central bank advocates that the third party payment account be divided into two categories: the first is the comprehensive account, which is used for consumption, pfer and purchase of investment and financial products or services; the second is consumption account, which can only be used for consumption and pfers to the bank account of the same name.

The former (comprehensive account) accounts need to be cross validated in 5 ways, and the latter (consumer account) requires more than 3 cross validation.

The total annual payment account of the comprehensive account is not more than 200 thousand yuan, and the consumption account is not more than 100 thousand yuan.

Of course, there is no limit to the consumption of bank accounts.

Reporter: how does the draft reflect the safety of the third party payment account?

Central bank: bank account is bank credit, payment account is enterprise credit.

The payment institution is an enterprise account, and the amount of account is relatively large.

For example, some prepaid enterprises run away or bankrupt, then the prepaid cards will not be consumed by consumers.

Recently, the deposit insurance system stipulates that the compensation for personal savings accounts within 500 thousand yuan, which is higher than the level of corporate credit security.

Reporter: but the interest of the balance treasure and other financial properties of baby is much higher than that of the deposit bank. Is it possible for banks to deposit accounts with Alipay?

Central bank: if a bank goes to Alipay to open an account, it will be reversed.

If the control is not good, the risks of traditional financial institutions and Payment institutions will pass each other, so we must isolate them and allow traditional commercial banks to open accounts to the central bank and complete inter agency lending through the central bank's interbank payment system.

Therefore, article eighth of the draft opinion stipulates that payment institutions shall not open accounts for financial institutions and other institutions engaged in financial services such as credit, financing, financing, guarantee, currency exchange and other financial institutions.