Credit card handling fee
① Cash withdrawal fee
Different banks have different regulations on the handling fee of credit card withdrawal. The general handling fee is about 1% of the withdrawal amount, which will limit the withdrawal amount.
② Credit card handling fee
When swiping cards in shopping malls, merchants need to pay different fees to UnionPay according to the regulations of different industries. According to the regulations, this fee is paid by the merchant to UnionPay.
Credit card handling fee collection
According to the new standard of credit card fee, the service fee rate of issuing bank is lowered to 0.35% for debit card transaction and 0.45% for credit card transaction. In addition, the network service fee charged by the bank card clearing institution is reduced to no more than 0.065% of the transaction amount, and the card issuer and the acquirer each bear 50%.
According to the latest regulations on credit card swiping, the handling fee for swiping is 0.6%, which is not capped, so the general merchants charge about 0.6% for swiping, and the money is paid by the merchants. Generally, credit card withdrawal fees are relatively high, and there is interest.