Today, most of the businesses in Yangzhou are equipped with POS machines. After consumers pay for the cards, the merchants need to pay a certain fee. In the past, some merchants often refused to swipe their cards because of excessive credit card fees, requiring customers to pay cash. In the future, this situation will become less and less. Recently, the National Development and Reform Commission of the People's Bank of China jointly issued the "Notice on Improving the Pricing Mechanism for Bank Card Credit Card Fees" (hereinafter referred to as the "Notice"). The "Notice" stipulates that in order to further reduce the operating costs of merchants and improve the business environment of merchants, The bank card processing fee will be lowered again from September 6.
Credit card processing fee will be lowered
Debit and credit cards will differentiate charges
It is understood that the bank card swiping fee is mainly the billing service fee charged by the acquiring institution, the card issuing bank service fee collected by the card issuing institution and the network service fee charged by the bank card clearing institution.
Taking a credit card as an example, the rate of credit card transactions is divided into 1:2:7 ratio between UnionPay, acquiring bank and issuing bank. "For example, if a consumer holds a CCB card and sends a card to the Shanghai Pudong Development Bank POS machine, it will generate a 10 yuan handling fee, then CCB will pay 7 yuan, Pufa will pay 2 yuan, and UnionPay will be 1 yuan." An industry insider.
The reporter learned that the current card handling fee policy was introduced in 2013. At that time, it was clear that the invoicing service fee was allowed to float up and down on the basis of the government guidance price, and the issuing bank service fee and network service fee were subject to government pricing. According to the standards set in 2013, the rate of catering and entertainment is 1.25% of the transaction amount; the general category is 0.78% for department stores; the rate for people's livelihood, such as supermarkets, is 0.38%. After the adjustment, the merchant industry classification pricing will be cancelled, and a lot of contents such as borrowing and credit card differential billing will be implemented, and the rate level will be greatly reduced in general.
According to the "Notice", after the adjustment, the card-issuing service fee is subject to government guidance price and cap management, and the debit card and credit card are differentially charged. The rate level is reduced to 0.35% of the transaction amount of the debit card transaction, the single charge amount does not exceed 13 yuan, and the credit card transaction does not exceed 0.45%. The network service fee is subject to government guidance price and cap management, and is collected separately from the acquiring and issuing agencies. The rate level is reduced to not more than 0.065% of the transaction amount, and the single transaction amount is not more than 6.5 yuan, and the card issuing and acquiring institutions each bear 50%. However, consumers need to pay attention to the fact that the transaction of the credit card does not implement a single cap control; the network service fee does not borrow or credit the card.
In addition, for some non-standard merchants, the issuing bank service fee and network service fee rate are preferential. For non-profit medical institutions, educational institutions, social welfare institutions, old-age care institutions, and charity organizations to swipe their cards, the card-issuing service fees and network service fees are fully reduced; for supermarkets, large-scale warehouse stores, utilities, and fuel, Traffic ticket merchants apply for card-issuing services and network service fees.
Annual reduction of about 7.4 billion
More than half of the cost of the restaurant and entertainment industry
According to the preliminary calculations of the central bank, after the implementation of the new policy of credit card rates, all types of merchants will reduce the spending of card processing fees by up to about 7.4 billion yuan per year. Among them, in the food and beverage industry and other industries, merchant credit card, debit card transaction card issuer service fee, network service fee rate can be reduced by 53% -63%, department stores and other industry merchants can be reduced by 23% -39%; supermarkets, etc. Through the implementation of preferential measures, merchants will maintain the overall stable rate of the rate during the transition period of the reform; non-profit medical, education, social welfare, pension, charity institutions will implement the full payment of the card-issuing service fee and network service fee.
After the New Deal canceled the industry classification, the biggest benefit was undoubtedly the catering and entertainment enterprises, and the reporters found that many companies are also very much looking forward to this. “Is the card rate lower? Is this true?†In a large hotel on the Yangtze River Road, the restaurant owner said that if the card fee is lowered, it is definitely good news for them. “Now we are in the catering industry. The fee is 1.25%. If the consumer brushes 100 yuan, we have to pay 1.25 yuan, and 10,000 yuan is 125 yuan. Like our restaurant, the amount of credit card for a year is at least six or seven million. If it is more than 100,000, it will be a big burden for us. If it can be reduced by half, it will save tens of thousands of dollars in that year."
In the interview, many merchants said that if the card processing fee drops, they will be more proactive in installing the card reader and encourage the card. “Swipe to avoid change, and to avoid receiving counterfeit money, we are still very willing.â€
Consumer consumption is more convenient
More merchants accept credit card or profit
The adjustment of the credit card fee mainly involves issuing banks, acquirers, clearing houses and merchants. It does not seem to affect ordinary citizens, but in fact, this has an impact on the lives of our people.
"Sometimes go out to eat, may be spent in some small restaurants, the boss will tell you that the POS machine is broken, can not swipe, it is recommended to pay cash, in fact, the real reason here is because the card fee is relatively high, these businesses Reluctant to accept customers to swipe the card. If this card fee is greatly reduced, then these merchants are more likely to accept the customer's credit card payment than before, which will help consumers get a better card consumption experience." The industry said so.
In addition, the industry believes that the business cost of the business will decline, it will certainly benefit consumers to a certain extent, so for our ordinary people, this policy will also make us indirectly benefit.
Credit card processing fee will be lowered
Debit and credit cards will differentiate charges
It is understood that the bank card swiping fee is mainly the billing service fee charged by the acquiring institution, the card issuing bank service fee collected by the card issuing institution and the network service fee charged by the bank card clearing institution.
Taking a credit card as an example, the rate of credit card transactions is divided into 1:2:7 ratio between UnionPay, acquiring bank and issuing bank. "For example, if a consumer holds a CCB card and sends a card to the Shanghai Pudong Development Bank POS machine, it will generate a 10 yuan handling fee, then CCB will pay 7 yuan, Pufa will pay 2 yuan, and UnionPay will be 1 yuan." An industry insider.
The reporter learned that the current card handling fee policy was introduced in 2013. At that time, it was clear that the invoicing service fee was allowed to float up and down on the basis of the government guidance price, and the issuing bank service fee and network service fee were subject to government pricing. According to the standards set in 2013, the rate of catering and entertainment is 1.25% of the transaction amount; the general category is 0.78% for department stores; the rate for people's livelihood, such as supermarkets, is 0.38%. After the adjustment, the merchant industry classification pricing will be cancelled, and a lot of contents such as borrowing and credit card differential billing will be implemented, and the rate level will be greatly reduced in general.
According to the "Notice", after the adjustment, the card-issuing service fee is subject to government guidance price and cap management, and the debit card and credit card are differentially charged. The rate level is reduced to 0.35% of the transaction amount of the debit card transaction, the single charge amount does not exceed 13 yuan, and the credit card transaction does not exceed 0.45%. The network service fee is subject to government guidance price and cap management, and is collected separately from the acquiring and issuing agencies. The rate level is reduced to not more than 0.065% of the transaction amount, and the single transaction amount is not more than 6.5 yuan, and the card issuing and acquiring institutions each bear 50%. However, consumers need to pay attention to the fact that the transaction of the credit card does not implement a single cap control; the network service fee does not borrow or credit the card.
In addition, for some non-standard merchants, the issuing bank service fee and network service fee rate are preferential. For non-profit medical institutions, educational institutions, social welfare institutions, old-age care institutions, and charity organizations to swipe their cards, the card-issuing service fees and network service fees are fully reduced; for supermarkets, large-scale warehouse stores, utilities, and fuel, Traffic ticket merchants apply for card-issuing services and network service fees.
Annual reduction of about 7.4 billion
More than half of the cost of the restaurant and entertainment industry
According to the preliminary calculations of the central bank, after the implementation of the new policy of credit card rates, all types of merchants will reduce the spending of card processing fees by up to about 7.4 billion yuan per year. Among them, in the food and beverage industry and other industries, merchant credit card, debit card transaction card issuer service fee, network service fee rate can be reduced by 53% -63%, department stores and other industry merchants can be reduced by 23% -39%; supermarkets, etc. Through the implementation of preferential measures, merchants will maintain the overall stable rate of the rate during the transition period of the reform; non-profit medical, education, social welfare, pension, charity institutions will implement the full payment of the card-issuing service fee and network service fee.
After the New Deal canceled the industry classification, the biggest benefit was undoubtedly the catering and entertainment enterprises, and the reporters found that many companies are also very much looking forward to this. “Is the card rate lower? Is this true?†In a large hotel on the Yangtze River Road, the restaurant owner said that if the card fee is lowered, it is definitely good news for them. “Now we are in the catering industry. The fee is 1.25%. If the consumer brushes 100 yuan, we have to pay 1.25 yuan, and 10,000 yuan is 125 yuan. Like our restaurant, the amount of credit card for a year is at least six or seven million. If it is more than 100,000, it will be a big burden for us. If it can be reduced by half, it will save tens of thousands of dollars in that year."
In the interview, many merchants said that if the card processing fee drops, they will be more proactive in installing the card reader and encourage the card. “Swipe to avoid change, and to avoid receiving counterfeit money, we are still very willing.â€
Consumer consumption is more convenient
More merchants accept credit card or profit
The adjustment of the credit card fee mainly involves issuing banks, acquirers, clearing houses and merchants. It does not seem to affect ordinary citizens, but in fact, this has an impact on the lives of our people.
"Sometimes go out to eat, may be spent in some small restaurants, the boss will tell you that the POS machine is broken, can not swipe, it is recommended to pay cash, in fact, the real reason here is because the card fee is relatively high, these businesses Reluctant to accept customers to swipe the card. If this card fee is greatly reduced, then these merchants are more likely to accept the customer's credit card payment than before, which will help consumers get a better card consumption experience." The industry said so.
In addition, the industry believes that the business cost of the business will decline, it will certainly benefit consumers to a certain extent, so for our ordinary people, this policy will also make us indirectly benefit.
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