What does it mean to be a special merchant of a credit card (debit card)?
A credit card (debit card) special merchant refers to a bank card agreement signed with an acquiring institution, accepting bank cards in accordance with the agreement, and entrusting the acquiring institution to complete the settlement of transaction funds. These special merchants will provide stores, restaurants, entertainment venues and other services to credit card (debit card) customers, and the special merchants will be divided into physical special merchants and online special merchants.
Some services of the card-issuing bank can only be purchased with a credit card (debit card) at a specially appointed merchant, in order to ensure the authenticity and accuracy of the merchant information.
Do merchants charge fees for credit card payments?
There are many online shopping platforms. Most online shopping platforms do not charge fees for credit card payments, and there is no interest. (Except for credit card consumption installment or bill installment, installment fee interest will be generated),
However, some merchants on Taobao have not opened the credit card collection function. If you choose to pay by credit card, the buyer needs to pay an additional 1 % handling fee will be prompted on the payment page.
Credit card classification:
(1) According to different card issuers, they can be divided into bank cards and non-bank cards
(1) Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
(2) Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.
(2) According to the different objects of card issuance, it can be divided into corporate cards and personal cards
(1) Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, national party and government agencies, military units, groups and other legal entities.
(2) Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.
(3) According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards
(1) Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.
(2)Gold card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.
(4) According to different repayment methods, credit cards can be divided into credit cards and debit cards
(1) Credit cards. It is a card-issuing bank that provides bank credit. When making a payment, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of the cards currently used internationally are of this type.
Credit card (2) Debit card. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.
(5) According to the different circulation scope of credit cards, they can be divided into international cards and regional cards
(1) International cards. An international card is a credit card that can be used outside the country of issue and is accepted worldwide. The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.
(2)Regional card.
A regional card is a credit card that can only be used within the issuing country or within a certain region. Most of the various credit cards issued by commercial banks in my country are regional cards.
Who pays for the cooperation between the credit card and the merchant?
The first is the merchant's profit. Usually, the merchant can give a 15% discount. This is a pure merchant's profit. The bank will give promotions to the outlets. Return.
Of course, there are more ways to return than this, such as loans. Furthermore, it is the kind of half price, buy one get one free, the merchant will give a 20% discount, and the remaining 30% discount will be subsidized by the bank. The purpose of the bank is of course very simple, which is to increase the amount of card issuance, because the handling fee for card consumption is divided between the card issuer, the bank and UnionPay.
How do bank credit cards cooperate with special merchants?
There are generally several ways for banks to cooperate with special merchants: First, merchants can give profits. Usually merchants can offer a 50% discount. This is purely a profit for the merchant, and the bank will promote the outlet in return. Of course I don’t know about this kind of return method, such as a loan or something like that. In addition, it is half price, buy one get one free, the merchant will give a 20% discount, and the remaining 30% discount will be subsidized by the bank. Of course, the purpose of the bank is very simple, which is to increase the number of card issuances, because the handling fee for credit card consumption is divided between the card-issuing bank-bank-UnionPay. The handling fee is divided into 7:2:1, so banks are working hard to issue cards, and the profits from this part are relatively objective.
1. Credit card, also known as credit card, is a credit certificate issued by a commercial bank or credit card company to consumers who meet credit conditions. It takes the form of a card with the name, expiry date, number and cardholder name printed on the front and a magnetic stripe and signature strip printed on the back. Consumers holding credit cards can go to specialized commercial service departments to shop or consume, and then the bank will settle the account with the merchant and cardholder, and the cardholder can overdraw within the prescribed limit.
2. Do not deposit cash in advance, consume first and repay later, enjoy the interest-free repayment period, independent installment repayment (minimum repayment amount), join VISA, MasterCard, JCB and other international credit card organizations for global use.
It is one of the fastest growing financial services today and is an electronic currency that can replace traditional cash circulation to a certain extent.
It has both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, or they can also obtain certain loans from card issuers by using their credit cards.
It is a high-tech product integrating financial services and computer technology.
Can reduce the use of cash and money.
Can provide settlement services to facilitate shopping and consumption and enhance a sense of security.
It can simplify collection procedures and save social labor.
It can promote product sales and social needs.
3. Compared with ordinary bank savings cards, the most convenient way to use a credit card is to make ordinary purchases without cash in the card. In many cases, you only need to repay the consumption amount on schedule.
You can make overdraft purchases without deposits and enjoy an interest-free period of 20-56 days. Interest will be paid on time without any fees (most banks charge 0.5% interest on the day of withdrawal, plus a 2% handling fee. ICBC does not charge handling fees for cash withdrawals, only interest).
Swiping your card when shopping is not only safe and convenient, but you can also earn points and give gifts.
If you use your bank card to spend at a special merchant, you can enjoy a discount.
Accumulate personal credit, add credit records to your credit file, and benefit for life.
It is accessible nationwide and you can withdraw money or make purchases by credit card at ATMs and POS machines with the UnionPay logo; (Note: Credit cards are only suitable for consumers to swipe their cards, it is best not to withdraw cash, it is very expensive and not cost-effective)
Use a credit card to spend money, get existing points from some credit cards, and enjoy various discounts and draws throughout the year, so you will always be surprised when you use the card; (most credit cards do not have points for online payment, but online shopping is very convenient and fast)< /p>
This concludes the introduction to credit cards and merchants and how to obtain credit card merchant payment codes. Have you found the information you need?