hello. Flower road girl. Today’s topic is about Zeropay. These days, there are a lot of Zeropay ads, so everyone must have heard of it.
Not too long ago, I thought, ‘I just passed by the Zero Pay advertisement and thought, ‘Just a debit card is the best’, but if you use it well, it is a system with many benefits. Then, shall we take a closer look at how to use Zero Pay and its benefits?
# What is Zeropay?
Zero Pay is an account-based mobile payment service created through cooperation between the government, local governments, financial companies, and private simple payment operators to enable a 0% commission rate to ease the burden of credit card commissions for merchants. Zero Pay Seoul, Zero Pay Busan, Gyeongnam, etc. are used by attaching the name of the region after Zero Pay. 제로페이 사용법
# How to use Zero Pay?
First of all, in order to use Zero Pay, you must sign up for Zero Pay. You can sign up through the bank application, and in the case of business operators, you can apply on the Zero Pay website (www.zeropay.or.kr) or offline. 좋은뉴스
In the case of business application, as with most membership registration, you can apply and inquire through your business registration number after entering information such as ID and password after self-authentication.
# How to use Zero Pay: Payment method
1. Enter payment amount
Access the bank application you are using and click the Zero Pay menu → Enter your payment password → Scan the store’s QR code → Enter the payment amount to complete the payment.
2. Scan the QR code
Payment is completed by scanning the QR code in the consumer’s easy payment app at the affiliated store with a scanner.
I will show you the Shinhan Bank application I use, Shinhan Sol (SoL), as an example.
This is the first screen when accessing the Shinhan Bank app.
Enter the top menu.
Among the menus on today, go to the menu called <Living Finance Platform>.
Can you see the tab called <Sol Pay/Zero Pay> in the third column? click!
Go to the Zero Pay tab
You can check membership registration and payment transaction history.
I went to the payment tab.
As shown in the screen above, payment details and withdrawal accounts, etc.
You can check right away.
Shall we click once to make a zero pay payment?
Your payment method will appear. As mentioned above, you can either scan the QR code yourself or take a picture with a barcode. These days, there is a point where you do not have to enter the payment amount in conjunction with the POS machine.
I mostly use it at convenience stores or restaurants, and barcodes are the most convenient. You just need to show the barcode like handing over a discount card.
Zero Pay is easy to think of, so if you enter a QR code (barcode) in your account, money is directly deposited into the other party’s account. It is a simple mobile service that transfers money from the linked account you wrote down when you signed up as a member of Zero Pay to the account of the affiliated business operator.
Is it a combination of account transfer and credit card payment? How to use Zero Pay is simple, right?
# What are the benefits of Zero Pay?
1. 40% Consumer Income Deduction
Currently, 15% for credit cards and 30% for check cards are deducted from income. Zeropay provides a whopping 40% income tax deduction (as of 2019). Previously, 40% preferential treatment was applied only to small business owners, but the same applies to general merchants!
2. Business fee 0%
From the business point of view, when using Zero Pay, the fee is 0% for businesses with annual sales of 800 million or less!!!, 0.3% for annual sales of 800 to 1.2 billion, compared to the existing card fee of 0.8 to 2.3%. Low.
3. Payment is possible without installing a separate application
There is an advantage of being able to pay without installing a separate application because it is linked to bank apps, but this is a real advantage and a disadvantage. It also proves that Zero Pay does not have its own platform.
If you think of Kakao Pay or Samsung Pay, you can directly connect to each platform and make payments, but Zero Pay is linked to the bank app, so you have to access the bank app every time, log in, and enter the payment amount to use it.
There is no such thing as free in this world.
4. Discounts on public facilities
Although it varies slightly depending on each local government, you can receive discounts on usage fees when using cultural facilities, public parking lots, and each public facility.
# What’s missing?
# Zero Pay Negative Eyes
It’s been a while since Zero Pay has been implemented, but it seems that the usage rate is still low, and in fact, there are many negative views. First of all, since it is possible only with a mobile phone, even if there are many people who do not know how to use Zero Pay, there are bound to be inconveniences such as not using phone banking.
In some surveys, it is said that more than 40% of respondents said that they had no intention of recommending to people around them, and that they had signed up on the recommendation of a public official.
1. Consumers must directly enter the payment amount.. Payment time 1-2 minutes
Simple payment apps in the banking sector usually have a lot of capacity and take a relatively long time to run. Because of this, it takes some time to pay.
In addition, if it is not updated because it is not used often, the time until payment is delayed or it is easy to pay a credit card again. It is true that compared to credit cards, where payment is completed in about 10 seconds, it is far less convenient when it comes to convenience.
2. Competitiveness with existing cards
15% income deduction for credit cards + benefits for each card company, and Zero Pay offers 40% income deduction + discount benefits for public facilities. How competitive is it? From the consumer’s point of view, it is not easy to use Zero Pay just because the income deduction is slightly higher.
Also, from the point of view of business owners, there is no reason to apply for Zero Pay as the credit card fees for small business owners are already low. Rather, there are many opinions that are concerned about reverse discrimination and unfair competition against credit card companies that are funded and operated by private companies.
#my thoughts
Well, there are many opinions about Zero Pay, but I am positive about Zero Pay. First of all, it contains the intention and willingness to improve the problem of high fees by card companies, and in the case of small amounts, there is no need to enter cash receipts individually.
It is expected that if the system is complemented by taking advantage of the benefits of income deduction and helping small business owners, the number of users will increase and it will be a good policy for mutual benefit.
Why don’t you try to benefit from the use of Zero Pay at the upcoming year-end? I highly recommend. I learned about how to use Zero Pay, etc. I hope it was helpful. thank you