It took Lakala 14 years to become the only acquiring payment institution currently listed on the A-share market, and in 2011, it was one of the first to obtain the "Payment Business License" issued by the central bank. As early as the end of 2015, Lakala took the lead in launching a smart POS, which was one year ahead of similar products in the market. And after 3 years, its smart POS market coverage reached the first place. At the same time, it is the first in the industry to launch the Lakala smart POS cloud platform, so that the smart POS can be equipped with cloud applications.
Lakala has a wide range of payment products, ranging from basic and smart POS machines to smart face payment "cloud stores". The basic POS machine has two levels of 0.5% and 0.6% in terms of merchant card transaction fee (referred to as "rate"), which is determined according to the membership level opened. The standard rates are: 0.5% of the transaction amount for debit cards; 0.6% for credit cards. However, Lakala does not specify in the details on the official website which type of card the two rates are for, so you need to pay attention to this point when purchasing. POS machines that are lower than the standard rate are very likely to have a higher rate in the later stage.Code hopping"Phenomenon.
The feature of Lakala smart POS machine is that merchants can download a variety of APPs to assist store operation, as well as anti-slip design and anti-demolition and self-destruction mechanism during use. The smart face payment "cloud shop" product is divided into three versions, and the prices are 899 yuan, 1700 yuan and 2499 yuan according to different configurations, of which 2499 yuan is a dual-screen face painting version. If the customer has purchased more than three times in the store, he can directly pay by brushing his face, but the "cloud store" only supports the use of the store when the network is installed.
In terms of POS machine suppliers, Lakala cooperates with Liandi Commercial, Shengteng and Newland, and some of their products have passed UnionPay certification. For example, Liandi Commercial's M35, Ascend's C35E, and Newland's ME30 have all passed the "Device Security Certification" and "Payment Application Software Security Certification" of POS machines. It should be noted here that in the past two years, Lakala's hand-brushed POS products (used by individuals or small and micro merchants) have frequently "jumped codes", and the industry has nicknamed "the little prince of code hopping", which has also been complained by consumers in the news. Regardless of the brand, it is recommended to regularly check whether there is code hopping in the POS machine transaction, which is the safest practice.
