Since September 6, 2016, after the implementation of the new regulations for bank cards in China, there has been a change in the handling fee for bank card swiping in China. So what is the latest POS machine card processing fee? Let's take a look at it with Xiaobian.
How to charge the bank card credit card rate?
At present, the domestic credit card rate is linked to the industry classification. The highest fee rate for meal and entertainment is 1.25%; for general stores such as department stores, 0.78%; for supermarkets and gas stations, 0.38%; for hospitals, education, etc. Rate.
According to the new regulations, the service level of the issuing bank is no longer differentiated from the merchant category. That is to say, the commercial industry classification price cancellation, in general, significantly reduced the rate of credit card rates.
The New Deal shows that the level of the card-issuing service fee rate is reduced to 0.35% for the debit card transaction and no more than 0.45% for the credit card transaction.
The rate of the network service fee charged by the bank card clearing institution is reduced to not more than 0.065% of the transaction amount, and the card issuer and the acquirer each bear 50%. From the category point of view, catering enterprises can reduce the fee processing fee by 53%-63%, and merchants in department stores and other industries can reduce 23%-39%. After the implementation of the New Deal, hospitals, education and other public welfare cards are still at zero rates.
POS machine card processing fee is not capped
Along with the arrival of the industry's traditional peak season, this news may cause many businesses to have a headache: from September 6th, the merchant's handling fee for credit card POS machine will be cancelled.
At the beginning of March this year, the National Development and Reform Commission and the People's Bank of China issued the Notice on Improving the Pricing Mechanism for Bank Card Credit Cards (hereinafter referred to as the “Noticeâ€), in which the handling fee for POS card swiping was clarified. At present, cosmetics agents in some regions have received new rates for relevant banks.
The new card processing fee implemented on September 6, 2017 canceled some merchant industry classification pricing, and no longer imposed credit card processing fee capning on real estate, automobile, and wholesale industries, and implemented separate charging and debit charging for standard categories.
The lowest rate of debit card: 0.35% of the issuing bank (single 13 yuan cap) + billing service fee (market adjustment price)
Minimum credit card rate: 0.45% for issuer + charge for service (market adjusted price)
According to the acquirer, there is a need to calculate the operating cost of 0.15 percent or more. The cost of the new rate billing agency is approximately:
Debit card rate: 0.35% + 0.15% = 0.5% (single 20 yuan cap)
Credit card rate: 0.45% + 0.15% = 0.6%
The above is the cost, and it is estimated that it will increase by about 0.1%. That is to say, the standard fee-paying merchants charge credit card fees of about 0.7% or more!
The above is the relevant content of the bank card credit card compiled by Xiaobian. I hope the above content will help you. In addition, Xiao Bian believes that regardless of the card processing fee, anyway, the final cost of this part of the cost is our consumers.
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