After drinking coffee at Guanyinqiao, after billing, the bills show that the spending is a supermarket in Dadukou... If you come across such bizarre things, you shouldn’t panic. This is not necessarily a “bank card stolenâ€, more. It may be that you have run into a POS machine "code" transaction, that is, the catering industry stores have installed wholesale supermarket POS machines to reduce the merchant's credit card fees.
"Package transactions" reduce the operating costs for businesses. However, for consumers, it is very likely that they will not receive credit card spending points, and second, it is inconvenient to check credit card information. However, in the future, this situation will be greatly eased. Yesterday, the Central Bank issued the "Circular on Perfecting the Pricing Mechanism for Bankcard Credit Card Fees" (hereinafter referred to as the "Notice"), which reduced the service fee rate of the issuing bank and no longer distinguished the types of merchants.
Credit card fees cancel industry classification
Yesterday, the central bank issued a “notice†that the level of POS credit card fees was uniformly reduced to a debit card transaction of no more than 0.35% of the transaction amount, and a single charge of no more than 13 yuan.
Credit card transactions do not exceed 0.45%.
The network service fee rate is reduced to no more than 0.065% of the transaction amount, and the maximum is no more than 6.5 yuan, and the issuer and acquirer are each responsible for 50%. After the policy is in place, it will be implemented on September 6, 2016.
However, the fee for service receipts that are closely related to the merchant is subject to the market adjustment price, and the acquirer negotiates with the merchant to determine the specific rate.
Coding into the hidden rules of catering and entertainment
According to relevant persons from Chongqing UnionPay, among the handling fees deducted for each credit card purchase, the acquirer, card issuer, and clearing institution are allocated according to the ratio of 2:7:1.
According to the reporter’s understanding, the current rates of bank card credit card fees vary according to different operating industries, and are divided into four categories according to the type of industry: the credit card fee rate for dining and entertainment is 1.25%; general merchandise stores such as department stores The fee rate is 0.78%; the fee rate for livelihoods such as supermarkets and gas stations is 0.38%; for public hospitals and education, it is 0.
"If a POS agent's rate is 0.38%, and other companies are basically 0.5% or more, then this is a great deal for us. Naturally, we will choose a company with a low rate." Jiangbei Ms. Chen, who works in the catering industry at Da Shiba, told reporters.
Another restaurant owner disclosed to reporters that because different industry POS machines need to pay different card fees, the wholesale category is the lowest, restaurant outlets will naturally choose to use low-cost credit card channels. "The situation of the code can be said to be the unspoken rules of the industry in the catering and entertainment industry."
Merchant card cost can be reduced by up to 63%
However, according to the introduction of Chongqing UnionPay, lower rates are given by the agents, and it is easy for the merchants to bring some hidden troubles, such as the deposit can not be returned, the funds can not be delayed and so on. Cancelling industry divisions and lowering fee standards is definitely a big plus for businesses. Some businesses that have not yet installed POS machines told reporters that they would consider installing POS machines if the fees were lowered.
After this adjustment, how much can be reduced for businesses? Chongqing UnionPay introduced that due to the current differential fee rates for different types of merchants' card-swapping fees, there are also some differences in the degree of benefit for different types of merchants after adjustment. The total amount of service fee and network service fee for merchants' credit cards and debit card transactions can be reduced by 53%~63%, respectively; businesses such as department stores can be reduced by 23% to 39%.
Bank may increase credit card points redemption
The "code" transaction is aimed at businesses to reduce operating costs. However, for consumers, the credit card spending points that should be obtained may disappear out of thin air, checking the card-swapping information may also become difficult, and may even affect the credit history.
According to the relevant personage of Chongqing Branch of the Bank of Communications, the current merchants whose credit cards can be integrated are basically department stores, retail stores, catering and entertainment, etc., while supermarkets and wholesale categories are low credit card rates, and there is no point. He also said that although the new regulation has eliminated the industry classification of deductions, in principle, it will not affect the bank's rules for points. At present, it has not yet received a new policy on points.
In addition, according to the reporter’s understanding, if consumers’ credit cards are used for long-term and large-scale purchases of credit cards in certain wholesale markets, technology companies, and building materials markets, they may be perceived by banks as “creditâ€, which will affect consumer credit card use and credit history. .
“After the implementation of the new regulations, the phenomenon of 'packeting' will be effectively mitigated. However, whether or not it can be completely eliminated is not entirely satisfactory. After all, there are still some special industries that enjoy preferential policies.†Chongqing UnionPay introduced that in order to encourage credit card spending, banks’ activities on credit cards and Points conversion may be improved.
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