Since 2016, the bank card processing fee will be officially lowered. According to the new regulations, the issuer's service fee charged by the card issuer will be differentially charged for debit and credit cards. Then, what is the merchant POS machine fee? Let's take a look at it with Xiaobian.
What is the merchant pos machine fee?
On September 6, 2016, the Chinese government officially implemented the Notice of the National Development and Reform Commission of the People's Bank of China on Improving the Pricing Mechanism for Bank Card Credit Card Fees. The POS machine has a new fee for card processing fees. The specific performance is: debit card POS The card processing fee rate must not exceed 0.35%.
Credit card POS machine card processing fee rate shall not exceed 0.45%, network service fee shall not exceed 0.0325%, catering, hotel, entertainment, jewelry, decorative arts and crafts, real estate vehicles shall be charged at a rate of 1.25%. Card processing fees, wholesale, department stores, intermediary, training, scenic spots, etc., according to 0.78% of the POS machine card processing fee.
In addition, refueling, supermarkets, transportation ticket sales, water and electricity payment, government, and convenience pos machine credit cards are charged at a rate of 0.38%. In addition, public hospitals, public schools, and charity credit cards do not charge POS machine credit card fees.
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