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 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, 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.

How to calculate 8 credit card points

The calculation of 8 credit card points is as follows

8 points for a credit card of 5,000 is 50,000.08=400 yuan. There is no fee for applying for a credit card. Those who charge fees are scammers who use fake cards to fool people or steal personal credit card information to steal funds. Don't believe it.

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 name of the issuing bank, validity period, number, cardholder name and other contents printed on the front, and a magnetic stripe and signature strip on the back.

How to calculate the credit card handling fee

Swiping the card directly on the POS machine is charged at a standard rate of 0.6. The rate of the third-party POS machine will be higher, and the bill will also be charged. A service fee, no matter how many rates are charged, will be implemented according to one rate standard.

1. Credit card processing fees vary. Credit card processing fees are usually borne by the merchant, but can sometimes be relatively large. The fee will be deducted from the consumer's credit card amount. What remains is the amount that actually arrives at the merchant, and some merchants are reluctant to let consumers use their credit cards. Because if users want to use a credit card, they have to bear the fee. Credit cards mainly have two functions, one is to use the card to make purchases, and the other is to withdraw cash. The fees incurred in different situations are different. If the cardholder directly uses the credit card to spend 10,000 yuan, the cardholder will not be charged a service fee.

2. As long as the user pays on time within the specified repayment period, the cardholder can enjoy the interest-free period without paying any interest or service fees. If the cardholder is unable to repay the entire amount within the stipulated time, in order to avoid installment payment, the user can choose to process the installment payment or repay the specified minimum amount. Installment payments are subject to a handling fee, which varies depending on the cut-off fee. If the user chooses to make a minimum payment, interest will be charged at a daily rate of 0.05, with the minimum payment compounded monthly until the cardholder pays off the balance in full.

3. Credit card minimum payment amount = consumption within the credit limit × 10 prepaid cash transaction amount × 100 unpaid portion of the last minimum payment × 100 consumption outside the credit limit × 100 all fees and interest × 100 . If a cardholder withdraws cash using a credit card, a fee is charged based on a percentage of the amount withdrawn. Different banks charge different handling fees, such as China Everbright Bank, Agricultural Bank of China, Bank of Communications, etc., which charge 2.5% of the withdrawal fee, which is generally 1-3% of the withdrawal amount, that is, 10,000 yuan. The commission is about 100-300 yuan.

: In addition to the handling fee, there is also a daily interest fee of 0.5%. Although cardholders do not need to pay fees when using credit cards for swiping purchases within the specified repayment period, banks will charge fees to merchants. Different types of merchants charge credit card fees. If a general merchant uses a credit card for swiping purchases, the rate is usually 0.6 , that is to say, if you use a credit card to spend 10,000 yuan, the bank can charge the merchant a handling fee of 60 yuan. It is recommended to consult the bank for specific circumstances.

How to calculate the credit card swiping fee? How much handling fee will be deducted from 10,000?

Nowadays, many people use credit cards to make purchases in daily life, and credit card swiping will generate handling fees. Although it is generally borne by the merchant, it is best for the cardholder to also Understand how this fee is calculated. So, how to calculate the credit card swipe fee? How much handling fee will be deducted from 10,000? Let’s give a brief introduction today.

How to calculate the credit card swiping fee?

Credit card swiping fees are usually paid by merchants to banks and third-party institutions, that is, they are deducted from the cardholder's swiping amount, and the remainder is the actual amount received by the merchant. Some merchants will refuse to swipe credit cards unless the cardholder voluntarily bears the handling fee, so it is also necessary to understand the standards and algorithms for credit card swiping fees.

General credit card swiping fees are determined by the POS machine swiping rate and the amount of the card swiped. The rates for traditional card swiping and quick pass swiping are different. If the card is swiped in the traditional way, such as inserting and swiping the card directly at the POS machine, the standard rate will be applied; if the card is swiped with QuickPass, if the amount exceeds 1,000 within 1,000, the fee will be charged.

Specific calculation formula: credit card swiping fee = card swiping rate × card swiping amount

How much handling fee will be deducted for 10,000?

If the card is swiped for 10,000 yuan, it will be swiped in the traditional way, that is, 10,000×yuan, and there will be a handling fee of at least 60 yuan.

Swipe the card according to the QuickPass method, even if you swipe 10,000 yuan directly, you will also have to pay a handling fee of at least 60 yuan. Then the handling fee is only 38 yuan.

The above is the relevant introduction to "How to calculate the credit card processing fee? How much is the processing fee deducted for 10,000". I hope it will be helpful to everyone.

How to calculate the credit card processing fee?

The handling fee for credit card swiping 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 1.25 The merchants in the wholesale market deduct a handling fee of 0.78 yuan and a maximum of 26 yuan. It does not distinguish between credit cards and debit cards. They are all 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.