Is there a handling fee for swiping a credit card?

According to the regulations on the use of credit cards, whether online or offline, there is a handling fee for swiping a credit card, but the handling fee is not necessarily It is all borne by the seller, and it may also be borne by the buyer. If the seller has activated credit card payment, the seller will pay the handling fee; if not, the buyer will pay. If you use a credit card to make purchases on Taobao and don’t want to pay the 1% handling fee, just change the payment method to a debit card or Alipay balance payment, so you won’t be charged a handling fee.

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Credit card swiping fee

Credit card swiping fee is charged by the following institutions

1. The card issuer, that is, the bank that applies for a credit card for you. Credit cards are also credit products, and they also have costs. Of course, banks will not do loss-making transactions. This is the largest part of the handling fee. , since the currency reform in 9.6, the overall handling fee has been around 60 yuan, and the card issuing bank has to deduct at least 40 to 50 yuan.

2. The clearing agency, which is the UnionPay clearing organization under the Central Bank, all normal transaction payments are received on the second working day after UnionPay clearing. The maximum single transaction does not exceed 7.5 yuan. Normally, the transaction is 1 It costs about 3-5 yuan per 10,000 yuan.

3. The acquiring agency is mainly composed of banks and third-party payment licensed institutions. The handling fee is deducted from the first two items, and the rest belongs to the acquiring agency.

The credit card swiping fee is borne by the merchant. For traditional POS machines, the card swiping fee is 0.6%, while for discount merchants such as large supermarkets and gas stations, the card swiping fee is 0.3%. As for schools, hospitals, public facilities and other places, merchants who use credit cards do not need to pay handling fees because these places are of a public welfare nature. When users swipe their cards, they only need to pay the consumption amount, and the handling fee is deducted from the card swiping amount by the clearing agency.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit limit.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card, becoming the first bank to issue a credit card.

In 1959, Bank of America issued the Bank of America card in California. Since then, many banks have joined the ranks of card-issuing banks. By the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards became popular not only in the United States, but also in the United Kingdom, Japan, Canada and European countries. Since the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other regions have also begun to handle credit card services.

In the 1960s, credit cards sprouted and developed rapidly in developed European and American countries such as the United States, Canada, and the United Kingdom. After more than 50 years of development, credit cards have been widely accepted in more than 95% of countries around the world. In the 1980s, with the reform and opening up and the development of the market economy, credit cards began to enter China as an electronic and modern consumer financial payment tool. In the past ten years, they have developed by leaps and bounds.

How to calculate the credit card processing fee?

The handling fee for credit card payments is a handling fee ranging from 1% to 2.5% paid by the merchant to UnionPay, and does not need to be borne by the individual. It is illegal for merchants to ask consumers to bear handling fees. If a merchant requires consumers to pay the handling fee themselves, consumers can refuse and complain to the UnionPay customer service center.

If it is a POS merchant, the UnionPay card transaction fee for each transaction will be deducted. General supermarket merchants will deduct a handling fee of 0.38%, general merchants will deduct a handling fee of 0.78%, and jewelry, catering and entertainment merchants will deduct a handling fee of 0.38%. 1.25% handling fee, wholesale market merchants deduct 0.78% up to a capped handling fee of 26 yuan, regardless of credit card and debit card, it is the same standard.

Extended information:

Notes on using credit cards:

Don’t be too early: Try not to swipe your card before 9 a.m., because according to common sense, most stores have not yet Open the door.

Don’t be too late: Try not to swipe your card after 11 p.m., because according to common sense, most stores are closed and online transactions are not affected by time.

Don’t swipe integers: Don’t swipe integers such as 10,000 or 5,000. It is recommended that you don’t use decimal points every time you swipe your card, and the amount you swipe should not be repeated or regular.

People's Daily Online - Who pays the handling fee for credit card swiping at a 4S store?

Baidu Encyclopedia-Card swiping fee

Credit card swiping fee

Credit card swiping fee is usually borne by the merchant, that is, it is deducted from the amount of the consumer's card swiping fee fee, and the remaining money is the actual amount received by the merchant.

However, sometimes the amount of credit card swiping is relatively large, and some merchants are not very willing to let consumers swipe their credit cards. If they want to swipe their credit cards, the consumer needs to bear the handling fee.

The specific handling fee collection method is related to the amount of the card swiped and the method of swiping the card.

Credit cards have two methods: direct swiping and quick-pass swiping. Direct swiping means taking the credit card and inserting or swiping the card to make a purchase. Quick-pass swiping means putting the credit card close to the POS machine or using WeChat or Alipay on the mobile phone. After binding the card and paying close to the POS machine, the card swiping rate is different.

1. Swipe your card directly: UnionPay POS machines charge a standard rate of 0.6%. Third-party POS machines charge higher rates and also charge a single service fee, no matter how much the amount is swiped. The rates are all implemented according to a rate standard.

2. QuickPass card swiping: QuickPass card swiping has a small-amount double-free function. By default, transactions not exceeding 1,000 yuan are subject to a preferential rate of 0.38%, and for transactions exceeding 1,000 yuan, the standard rate is 0.6%. When charging, this will lead to a situation where the deducted handling fees are calculated differently even though they are all the same way to swipe a card.

In addition, if the handling fee is borne by the merchant, although the consumer will not be deducted, if he cannot repay in full and chooses installments, then installment handling fees will be incurred. Different from the charging standard for credit card deduction, the specific rate is related to the number of installments, and the rates are different for different banks.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Main features

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range;< /p>

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and meet social needs.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered, which is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. Moreover, many people do not set passwords on their credit cards, and carelessly discarding the credit card credentials may lead to credit card theft.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.

Is there a handling fee for using POS with a credit card?

Credit card holders do not need to pay a handling fee when using the POS machine. Instead, the merchant pays a handling fee. The rate of the handling fee As follows:

1. When swiping a card at a general merchant, the handling fee is 0.7% of the card amount.

2. When swiping a card at merchants in the categories of catering, entertainment, hotels, jewelry, and arts and crafts, the handling fee is 1.4% of the card amount.

3. When swiping a card at real estate or car sales merchants, the handling fee is 0.7% of the card amount, and the upper limit of the handling fee is 40 yuan.

4. When swiping a card at a wholesale merchant, the handling fee is 0.7% of the card amount, and the upper limit of the handling fee is 16 yuan.

5. When swiping the card at merchants, supermarkets, gas stations, etc., the handling fee is 0.35% of the card amount.

6. Banks do not charge handling fees when credit cards are swiped at public schools and hospitals.

1. Sales terminal - POS (point of sale) is a multi-functional terminal. When it is installed in the special merchants and acceptance outlets of credit cards and connected to a computer network, automatic transfer of electronic funds can be realized. It supports consumption, pre-authorization, balance inquiry and transfer functions, and is safe, fast and reliable to use.

2. Processing process:

1. First. Prepare the relevant POS machine procedures and stamp the copies.

2. Second. Submit the information for review, sign the contract after approval, and prepare to install the POS machine.

3. Third. Door-to-door installation and simple training on credit card swiping at POS machines can be completed and can be applied for both fixed and mobile POS machines.

3. The basic principle of the POS system is to first create product information in a computer file. Through the computer cash register online architecture, the barcode on the product can be directly read through the optical reading device on the cash register device. (Or enter the code directly from the keyboard) Product information (unit price, department, discount...) can be displayed immediately to speed up the checkout speed and accuracy.

The detailed information of each product sales (price, department, time period, customer level) is automatically recorded and then transmitted back to the computer through the online architecture. Through computer calculation and processing, various sales statistical analysis information can be generated as the basis for business management.

4. The POS machine reads the cardholder’s magnetic stripe information on the bank card through a card reader. The POS operator enters the transaction amount, and the cardholder enters personal identification information (ie, password). POS This information is sent to the card-issuing bank system through the UnionPay center to complete the online transaction, give information on success or failure, and print the corresponding receipt.

The application of POS enables online consumption of credit cards, debit cards and other bank cards, ensuring the safety, speed and accuracy of transactions, avoiding complicated labor such as manual blacklist query and order pressing, and improving work efficiency. efficiency. The design requirements of the magnetic stripe card module meet the needs of three-track magnetic cards, that is, the module must be able to read magnetic cards with 1/2, 2/3, and 1/2/3 tracks.

As for the POS commission rate, it is deducted as a percentage of the transaction volume. The deduction rate is different according to different industries:

1. It is 1% for general industries and about 2% for special industries. (Such as hotels, hotels, jewelry, handicrafts, etc.).

2. For bulk transactions and wholesale transactions, the discount rate is capped, generally 0.5%-1%, with a cap of 20 yuan or 50 yuan for a single transaction.

3. The handling fee shall be borne by the merchant and will be deducted by UnionPay when clearing funds. Of the income, the card-issuing bank gets 70%, UnionPay gets 10%, which is a fixed part, and the rest is the income of the acquiring bank or acquiring company.

4. Any other discount rates, such as 0.4%, 0.8%, 1.6% or 1.8%, etc., the handling rates are different in different industry types, which are unified across the country.

POS card swiping fees will be deducted from the merchant's account according to the industry and business scope of the merchant's business license.

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 the card unless the cardholder voluntarily bears the handling fee, so you also 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 2-3% handling fee 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 credit card service fees implemented in 2003 have been canceled at the same time since February 25, 2013, and the overall card credit 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 sales price of real estate and automobiles has been 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%. The network service fee of the bank card 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, which mainly includes supermarkets, hypermarkets, water, electricity and gas payments, refueling, transportation ticketing, etc., with an overall rate of 0.38%. The fourth category is zero-interest hospitals, education and other public welfare categories.

That’s it for the introduction of whether there is any handling fee for using a credit card.