Does WeChat payment with a credit card count as credit card swiping? This article will teach you about credit card WeChat payment

Many cardholders can make payments at merchants that support credit cards after binding their credit cards on WeChat. However, during the payment process, many cardholders will want to know whether credit card WeChat payment counts as the number of card swipes. After all, most bank credit cards can reduce the annual fee based on the number of card swipes. Now, let’s review some matters regarding credit card WeChat payment.

1. Does WeChat payment with credit card count as credit card swiping?

This depends on the bank’s regulations.

After all, some banks have no requirements on the form of consumption, as long as the number of credit card swipes reaches the limit. As for how to swipe the card, you can pay online or offline. In addition to online consumption, WeChat Pay can also be used for offline consumption, and the number of card swipes is also counted.

However, some banks require merchants with points to use WeChat payment. Only China Merchants Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, Ping An Bank, China Everbright Bank, China CITIC Bank, Shanghai Pudong Development Bank, etc. have points. China Guangfa Bank, Bank of China and Bank of Communications are the ten banks.

2. Is there a limit for credit card WeChat payment?

This is available, and the limit is divided into single/daily/monthly. The WeChat payment limit for different banks and credit cards is different.

According to information from Tencent’s customer service department, except for three banks, CITIC Bank, Bank of China, and Baoshang Bank, which have no limit on WeChat payments, most commercial banks have a single transaction limit between 1 and 10. The single-day limit is between 10,000 and 200,000, and the single-month limit is between 10,000 and 600,000. The specific limit depends on the card issuing bank.

For example, the single transaction limit of China Merchants Bank credit card is 30,000 yuan, and there is no daily limit; while the single transaction limit and daily limit of Bank of Communications credit card are both 10,000 yuan.

3. Is there any handling fee for credit card WeChat payment?

WeChat payment will involve a handling fee. According to the credit card rate stipulated by UnionPay, it is 0.60%. However, this handling fee is not borne by the payer, but is deducted directly from the payee. In addition, if you use WeChat to pay, the payee will also be charged a certain fee for withdrawing money after receiving the money. That is, the free limit exceeding 1,000 yuan will be charged at a rate of one thousandth.

The above is the relevant introduction to "Does credit card WeChat payment count as credit card swiping? This article will help you understand credit card WeChat payment". After reading this, I believe everyone has a general understanding of credit card WeChat payment.

Is credit card WeChat payment equivalent to credit card consumption?

Credit card WeChat payment is a swipe card payment. Because WeChat payment is a quick payment that belongs to Tenpay, and it belongs to the category of card consumption. Online shopping with a credit card is considered consumption and enjoys the interest-free period. However, most banks do not award points for online purchases and cannot be converted into installments.

Extended information:

The consumption method of using credit card and debit card is basically the same, with some small differences. Please follow the following methods when swiping a credit card:

1. When swiping a credit card, please keep the credit card away from your sight to avoid misuse or theft of the card;

2. Do not sign at will on a blank or incomplete transaction form;

3. Before signing, please confirm whether the transaction amount listed on the transaction form is correct, and pay attention to the consumption currency Are the type and amount in upper and lower case correct?