Is there any handling fee for Taobao credit card payment?

The credit card express system does not charge a handling fee, but the limit is 500 yuan. Sellers who support credit card payment on Taobao can pay the full amount when shopping with a credit card, but Taobao will charge the seller a handling fee of 1, and sellers generally It is necessary to add this 1 fee to the price of the product and let the buyer bear it.

The Alipay handling fees for buyers who use credit card payment services to purchase goods are as follows:

1. The same rates apply to international credit card (VISA, MasterCard, JCB) payments, and the transaction amount is charged uniformly. 3.

2. The credit card installment fee is subject to the rate prompted on the Alipay payment page.

3. All Taobao marketplaces have not opened credit card payment, but are eligible for credit card payment. If you are unable to pay large amounts via credit card, you can choose to pay 1 of the transaction amount (including shipping costs) yourself. Service fee to complete payment.

4. Except for the above circumstances, there is no handling fee.

Taobao’s credit card payment is free of charge, but there is a payment limit. Different banks have different regulations. You can check it when you pay. If you exceed the limit, you will not be allowed to pay!

Taobao supports credit card payment, but not every store can. When searching for a product, you can check "Credit Card Payment" under the search box. Generally, there will be a credit card-like logo below the product. . Taobao credit card payment is free of charge.

How much handling fee will be charged by the merchant when paying with a credit card on Taobao?

When shopping on Taobao, the buyer uses a credit card to pay, and the handling fee deducted is 1, but the handling fee is not necessarily the same. It is borne by the seller or it may be borne by the buyer.

When paying with a credit card, the regulations on who will deduct the handling fee are as follows:

If the seller has activated the credit card payment function and uses a credit card to pay and confirm receipt of the goods, the seller’s Alipay will receive A handling fee of 1 will be deducted from the payment.

If the seller does not activate the credit card payment function and uses a credit card to pay, the buyer will enjoy a free credit card limit of 500 yuan per month, and consumption within the free limit will be exempted from handling fees. For consumption exceeding the free limit, if there is no alternative credit card for payment, a handling fee of 1 will be charged.

So, if the free credit card payment limit is exhausted, please choose Alipay or debit card payment to avoid incurring handling fees.

Extended information:

Credit card

Credit card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the billing date (English: BillingDate).

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.

How to calculate the credit card processing fee

The specific calculation formula: credit card service fee = card fee rate × credit card amount

1. Credit card processing fee is usually charged by the merchant. The fees paid by banks and third-party institutions are deducted from the cardholder's card balance, and the remainder is the amount actually received by the merchant. Some merchants will refuse to swipe a card unless the cardholder voluntarily bears the handling fee, so you need to understand the charging standards and algorithm for the card swiping fee.

2. General credit card service fees are determined by the POS card rate and card amount. The rates for traditional swipe cards and quick passes are different.

If you use the traditional method of swiping the card, such as inserting the card directly on the POS machine and swiping the card, the standard rate is 0.6; for quick pass, 0.38 for less than 1,000 and 0.6 for more than 1,000.

1. After the store accepts the customer's credit card, a 2-3 handling fee must be paid to the bank and credit card center. It’s called a swipe fee. In November 2012, the central bank issued the "Notice of the People's Bank of China on Implementing Adjustments to Bank Card Handling Fee Standards", stating that this fee reduction only involves domestic bank card consumption transactions. The merchant card handling fee regulations implemented in 2003 will be abolished at the same time from February 25, 2013, and the overall card fee rate will be reduced by 23 to 24.

2. After the store accepts the customer's credit card, it needs to pay a handling fee of 2-3 to the bank and credit card center. In order to save costs, some manufacturers will require cardholders to pay additional handling fees, because an invoice must be issued to swipe the card, so the store cannot evade tax.

3. According to the current income distribution method for bank card inter-bank transactions of China UnionPay network institutions, the settlement fees for bank card acquiring business are all borne by merchants. However, the rates implemented in different industries are different, and the rate standards range from It varies from 0.5 to 4. Generally speaking, the card swiping rate in the retail industry is 0.8-1, in supermarkets it is 0.5, and in the catering industry it is 2.

4. In November 2012, the central bank issued the "Notice of the People's Bank of China on Effectively Adjusting and Implementing Bank Card Service Fee Standards", stating that this fee reduction only involves domestic bank card consumption transactions, and the relevant regulations The merchant card swiping service fees implemented in 2003 have been canceled at the same time since February 25, 2013, and the overall card swiping rate has dropped by 23% to 24%.

5. The bank card handling fee standards shown in the attachment of the central bank notice will maintain the current differentiated pricing in the card handling fee industry. The industry classification is mainly divided into four categories: catering and entertainment, comprehensive, people's livelihood and public welfare. The overall decline was 23 to 24, of which catering and entertainment dropped by 37.5.

6. The first category is catering and entertainment, including catering, entertainment, jewelry, handicrafts, real estate and car sales. The comprehensive rate dropped from 2 to 1.25, a decrease of 37.5. Among them, the card issuing bank service fee is 0.9, the bank card clearing agency network service fee is 0.13, the acquiring service fee base price (can fluctuate by 10) is 0.22, and the unit price of real estate and automobile sales has increased from the original 10 yuan to 80 yuan.

7. The second category is the general category, including department stores, wholesale, social training, intermediary services, travel agencies, scenic spot tickets, etc. The comprehensive rate is reduced to 0.78, of which the issuer service fee is 0.55, and the bank card The network service fee of the clearing agency is 0.08, the base price of the acquiring service fee (can fluctuate by 10) is 0.15, and the wholesale limit is 26 yuan.

8. The third category is people’s livelihood category, which mainly includes supermarkets, hypermarkets, water, electricity and gas payments, refueling, transportation ticketing, etc. The overall rate is 0.38. The fourth category is zero-interest hospitals, education and other public welfare categories.

Do merchants charge fees for credit card payments?

For credit card payments, cardholders do not need to pay any fees, but merchants may need to pay certain fees. Different types of merchants need to pay different handling fees, which can be divided into three main categories:

1. Standard category: such as catering, entertainment, hotels, etc., the handling fee is 0.6;

2. Discount categories: such as supermarkets, gas stations, etc., the handling fee is 0.38;

3. Public welfare categories: such as non-profit charities, schools, hospitals, etc. The handling fee is 0.

After the customer swipes the card, the transaction will be included in the bill and will be issued on the bill day. As long as the customer can repay the loan on time and in full before the repayment date (inclusive), he or she will enjoy the interest-free period and no interest will accrue.

After the store accepts customers' credit cards, they need to pay a handling fee of 2 to 3% to the bank and credit card center. It’s called a card swipe fee. Special stores must pay a handling fee of 2 to 3% to banks and credit card centers after accepting customers' credit cards. In order to save costs, some manufacturers will require cardholders to pay additional handling fees, because an invoice must be issued to swipe the card, making it impossible for stores to evade taxes.

The credit limit refers to the maximum overdraft limit that the bank gives your credit card when it approves your credit card. You can only use the card to make purchases within this limit. If you exceed this limit, you cannot use the card to make purchases. The credit limit is determined based on a comprehensive evaluation based on the information you filled in when applying for a credit card and the relevant supporting documents provided. The main card and supplementary card share the same limit. Under normal circumstances, the RMB limit and the USD limit in a dual-currency credit card can be converted to each other. For example, if your limit is 30,000 RMB, when you use the card overseas, your credit limit is approximately equivalent to 5 ,000 USD.

The credit limit will be adjusted regularly by the bank, but you can proactively provide relevant proof of financial resources to request adjustment of the credit limit. In addition, when you need a higher limit within a certain period of time when traveling abroad, moving to a new home, etc., you can request to increase the temporary credit limit.

The second quota, which is the so-called quota that can only be used in installments, is an external quota that does not occupy your original quota. According to ME Love Card, banks that support the use of the second quota in installments include China Everbright Bank and Bank of China.

China UnionPay credit cards can be paid online without activating online banking, which is mainly based on UnionPay’s cardless payment channel. Credit card holders do not need to use online banking when making certified payments, quick payments and ordinary payments. Cardholders use their credit cards to make online purchases without having to open online banking. They only need to provide personal verification information such as a password, a mobile phone number stored in the card-issuing bank, and a dynamic password to make online payments conveniently.

Closing your credit card account is something you must do if you no longer intend to use your credit card. If you do not cancel your account, the bank will charge the credit card's annual fee.

As long as there is no overdraft on the card, you can apply for account cancellation at any time.

If the card has not expired, you need to apply first and go to the bank to cancel the account after a certain number of days; if the card has expired and the account balance is zero, you can go directly to the designated bank outlet to cancel the account. Account procedures. When canceling an account, you should bring the original valid identity document and card. If it is inconvenient for you to go through the account cancellation procedures, someone else can do it for you. The agent must hold a power of attorney written by the principal (in person) and bring the original valid identity document to handle the account cancellation business.

What are the credit card fees?

1. Installment fee:

After a credit card applies for installment, a certain fee will be charged based on the number of installments, the installment rate, and the amount of the installment. of. Some are collected in one lump sum, while others are collected in installments on a monthly basis.

2. Cash withdrawal fee:

When you withdraw cash from your credit card, not only will you be charged 0.05% interest every day from the day of withdrawal, but also A handling fee is charged. It's just that different banks have different charging standards.

However, most banks charge credit card cash withdrawal fees based on 1% of the cash withdrawal amount. Some banks will also set minimum and maximum limits. The minimum payment is usually RMB10 per transaction, and the maximum payment is RMB50 (in).

3. Handling fee for loss report and replacement:

A credit card will also be charged a handling fee when it is reported as lost and reissued. Different banks and different card types will charge different fees. For cards made with special processes, the replacement fee is relatively expensive.

4. Annual fee:

If the credit card does not meet the conditions for annual fee reduction or exemption, corresponding annual fees will be charged according to different card types.

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a credit card that records cardholder account information, has bank credit lines and overdraft functions, and provides cardholders with relevant banking services. All types of media.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Interpretation

According to Article 7 of the "Regulations on the Supervision and Administration of Credit Card Business of Commercial Banks": A credit card refers to a bank that records relevant information about the cardholder's account, has bank credit limit and overdraft functions, and is Various media that provide cardholders with related banking services.

How is the credit card installment payment fee deducted?

The calculation method of credit card handling fee is: transaction amount × installment handling rate × number of installments.

The handling rates for different periods are also different and should be based on the standards of each bank. For example, if you spend 6,000 yuan in 3 installments, and the handling fee for the 3 installments is 1.95, then the installment handling fee for each installment is 39 yuan, and the monthly repayment amount is 2,117 yuan. Divided into 6 installments, the handling fee for 6 installments is 3.6, so the installment handling fee for each installment is 36 yuan.

I believe that many people will receive enthusiastic text messages or even phone calls from banks after using their credit cards to remind users that they can use the installment repayment service. The reason given by the bank is that installment has many benefits, such as extending the repayment period of the credit card, reducing short-term financial pressure, avoiding overdue credit cards, etc.

But in fact, the bank cannot afford to pay early if it is not profitable. It is obviously not good-hearted to suggest that users choose to repay in installments. So what are the benefits of credit card installment repayment for banks? In fact, it is very simple. Users' installment repayment can bring revenue to the bank. However, if the user repays in full before the final repayment date, the bank will not make any money from the user. dime.

Interest refers to the remuneration that currency holders (creditors) receive from borrowers (debtors) for lending currency or monetary capital. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.

Definition:

1. Money other than principal received from deposits and loans (different from ‘principal’).

2. Interest (interest), in abstract terms, refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. To put it less abstractly, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed currency or capital. Also called sub-gold, the symmetry of the parent fund (principal). The formula for calculating interest is: Interest = Principal × Interest Rate × Deposit Term (that is, time).

Interest is the remuneration received by the owner of the funds for lending the funds. It comes from a part of the profits generated by the producers using the funds to perform operational functions. It refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. The calculation formula is: interest = principal × interest rate × deposit period x 100

3. Classification of bank interest

According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.

That’s it for the introduction of credit card payment fees.