How much handling fee will be deducted for swiping 100,000 RMB with POS machine credit card?

The handling fee for swiping 100,000 RMB with POS machine credit card can be divided into the following five situations:

1. Normal merchants : The handling fee for credit card consumption is generally 0.6. A handling fee of 10,000 for a credit card is 60, and a 100,000 is 600. The handling fee for a debit card is 0.5, up to 20 RMB. Even if a 100,000 is swiped, the handling fee is still 20 RMB;

2. Preferential merchants: There is a handling fee of 0.38% when using a bank credit card, the handling fee is 38 for spending 10,000 yuan, and 380 for spending 100,000 yuan; the handling fee is 0.4 for using a debit card, up to 18 yuan, even if the swiping fee is 100,000 yuan , the handling fee is also 18 RMB;

3. Public welfare merchants: bank credit cards and debit cards do not charge any fees;

4. Any other deduction 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;

5. Public hospitals, public schools, and charities do not charge POS machine credit card handling fees.

POS machine is a multi-functional terminal device issued by UnionPay or the acquirer to contracted merchants. It can be used to swipe credit cards, debit cards, etc. After the cardholder swipes the payment at the merchant directly into the UnionPay account, UnionPay settles with the acquirer, and the acquirer then settles with the merchant. In the process of swiping the card for consumption through the POS machine, UnionPay and the acquirer will charge a certain POS Machine card swiping fee.

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. Different industry types have different handling rates, which are unified across the country.

1. The general industry is 1, and the special industry is around 2 (such as hotels, hotels, jewelry, handicrafts, etc.);

2. The discount rate is capped for bulk transactions and wholesale transactions. Generally, it is 0.5-1, with a cap of 20 yuan or 50 yuan for a single transaction;

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

4. Any other discount rate, such as 0.4, 0.8, 1.6 or 1.8, etc. Different types of industries have different handling rates, which are unified across the country;

5. Public hospitals, public schools, and charities do not charge POS machine credit card handling fees.

Frequently Asked Questions about Using POS Machines

1. Before using the POS machine, you need to check whether the power supply of the host is connected, whether the connection between the machine and the server is normal, and whether the POS printing paper is installed;

2. At the end of the daily operation, the operator must implement "end-of-day resolution". It should be noted that after the POS machine needs to be replaced due to various reasons, the "end-of-day resolution" needs to be completed before proceeding. Replace;

3. Do not debit the user repeatedly due to repeated card swiping. During the transaction, if the receipt has not been printed out, the operator must first select "Reprint". If the voucher still cannot be printed out after reprinting, select "Query Current Transaction" to query the batch number and merchant serial number of the transaction. Then turn off the power and check whether the machine is connected correctly. After unplugging and plugging again, choose to print special records.

How much is the handling fee for credit card swiping at POS machine?

The charging standards for credit card swiping at POS machine are different for each bank. For example. 1. For construction, transportation, and Bank of China cards, when using a debit card, the handling fee rate is 0.5, with a cap of 20 yuan; when using a credit card, the handling fee rate is 0.6. 2. For Agricultural Bank of China cards, using a debit card When using a credit card, the handling fee rate is 0.5, with a cap of 20 yuan; when using a credit card, the handling fee rate is 0.5. 3. For ICBC and China Guangfa Bank cards, when using a debit card, the handling fee rate is 0.5, with a capping of 17 yuan; When swiping a credit card, the handling fee rate is 0.6. 4. For savings bank cards, when swiping a debit card, the handling fee rate is 0.5, with a cap of 17 yuan; when swiping a credit card, the handling fee rate is 0.55.

5. For China Merchants Bank cards, when using a debit card, the handling fee rate is 0.6, with a cap of 19 yuan; when using a credit card, the handling fee rate is 0.66. 6. For CITIC Bank cards, when using a debit card, the handling fee The fee rate is 0.5, with a cap of 18 yuan; when using a credit card, the handling fee rate is 0.55.

POS means "point of sale" in Chinese, and the full name is point of sale information management system. It is a terminal reader equipped with barcode or OCR code technology and has a cash or barter limit cashier function. Its main task is to provide data services and management functions for commodity and media transactions, and to conduct non-cash settlement.

How much is the handling fee for POS machine swiping?

The rates of each POS machine on the market are different, most of them are 6 yuan, which means 6 yuan for 100 yuan.

Merchant payment rates are divided into 3 categories:

1. Traditional POS machine

1. Standard credit card swipe is 0.6, while debit card swipe is 0.5 , with a maximum cap of 20.

2. For discounts such as swiping cards in supermarkets, gas stations and other places, the handling fee is 0.38 for credit cards and 0.4 for debit cards, with a maximum cap of 18.

3. For public welfare items, such as swiping credit cards at public hospitals and schools, there is no handling fee.

2. Smart POS machine

Smart POS machine has the same card payment fee as traditional POS machine, except that smart POS machine can also pay through QR code, and through QR code The handling fee for receiving payment is generally 0.38.

3. Mobile POS machine

Mobile POS machine actually connects to the POS machine through Bluetooth of the mobile phone to swipe the card, and the card swiping fee of the mobile POS machine is generally about 0.6 3/ Pen.

: How to choose POS machine

Choose POS according to different needs

Many users like to use low-rate POS and feel that low fees can save a lot of procedures. In fact, what kind of POS you use depends on your own card swiping needs.

Some cardholders require points for swiping their cards in order to complete the task of swiping the card and waive the annual fee; some cardholders want to earn points to participate in activities in exchange for discount gifts, and some want to improve their consumption quality and credit card limit. . For this type of users, it is recommended to choose a POS with a rate of about 0.60. Credit card transactions are rewarded with points. The card issuer will only be willing to increase the limit of your card after it has obtained certain benefits to avoid derating or even blocking the card.

For cardholders who have less need for POS use and use cash for consumption from time to time every month, there are no big requirements for the rate. They can choose quick, scan code and other methods, as long as they have funds. Safe payment, together with daily shopping, eating, paying utility bills, etc., is not only a normal phenomenon, but also enriches the bill. Anyway, no one requires you to spend money at merchants with points.

Depending on the frequency of POS use

For users who swipe their cards frequently, you can choose regular one-clear POS with standard rates. If you want to save some handling fees, you will lose points. Or you may reduce the credit limit and block the card, and if you lose your credit, you will lose more than you gain! After all, you are not swiping your card to save money.

For users who swipe their cards with low frequency, on the premise of financial security, they can save whatever they can, and choose whichever is lower. However, it should be noted that "there is no free lunch in the world", and there is no such thing as a free lunch. A regular POS has a zero-rate fee! After all, any service behavior needs to be supported by an economic foundation.

In the face of those POS with ultra-low rates or even zero rates, you should be more vigilant!

How to calculate the credit card handling fee for POS machines?

POS machines - Handling fee = actual rate for the card amount. For example, if the user spends a sum of 10,000 yuan and uses a Bank of China debit card to swipe the card at a POS machine, the card swiping rate is 0.5, then the handling fee = 100,000.5 = 50 yuan. According to the capping preferential policy, A You need to pay a handling fee of 20 yuan. If you use a Bank of China credit card to swipe the card, the card swiping rate is 0.6, so the handling fee = 100000.6 = 60 yuan.

Currently there are several rates for POS machines. The handling fee for using a POS machine to swipe a card depends on which payment channel you choose to settle the transaction.

If you swipe your card, it is 0.6, and if you scan a QR code or QR code, it is 0.38. If you scan the QR code or use Cloud QuickPass, it is 0.38. Different POS machines have different rates. If you are using a large machine such as a merchant POS machine or an electronic signature POS machine, the standard rate is 0.6 for card swiping, 0.38 for scanning the QR code, and UnionPay Quick Pass (1,000 yuan). Within) 0.38.

The rates of POS machines vary. Many users always like to use low rates just to save a few dollars in handling fees. But did you know that the state stipulates that the minimum rate for POS machines should not be lower than 0.55? On the one hand, banks cannot make money; on the other hand, low rates are easy to skip, leading to risk control, which is extremely risky. If you want to protect the security of your card, it is best to use a rate of around 0.60, which is the most reliable, stable, and unanimously recognized rate in the industry.

According to the official websites of each bank, it can be seen that the POS machine rates charged by bank institutions’ debit cards and credit cards are as follows:

1. Bank of China 0.5~20 with a cap of 0.6;

2. The Agricultural Bank of China has a cap of 0.5 between 0.5 and 20, the Industrial and Commercial Bank of China has a cap of 0.6 between 0.5 and 17, the China Construction Bank has a cap of 0.6 between 0.5 and 20, and the Bank of Communications has a cap of 0.5 between 0.5 and 20;

3. Postal Savings Bank of China 0.5~17 The cap is 0.55;

4. China CITIC Bank is capped at 0.55 from 0.5 to 18, and Minsheng Bank is capped at 0.55 from 0.45 to 20; 5. China Guangfa Bank is capped at 0.6 from 0.5 to 17.

From the perspective of bank information, the debit card POS machine swiping rate is mostly 0.5, among which the Minsheng Bank rate is lower at 0.45. The credit card POS machine swiping rate is usually higher than the debit card by about 0.1. Most of them are 0.6. Users should note that compared with debit cards, credit cards do not have a preferential policy on handling fee caps.

The current card payment rates are divided into three types:

1. Standard type: 0.6

Standard type: the fee rate used by ordinary merchants and users. That is the standard rate, which only costs 0.60 when swiping a card;

2. Discount type: 0.38

The card issuing bank charges 0.325, and UnionPay charges 0.0325 (charged to the card issuing bank and payment institution respectively), so The handling fee for reduction or exemption is generally 0.38-0.48.

3. Public welfare type: 0 rate

Hospitals, schools, nursing homes and other public places are free of charge.

That’s it for the introduction of the handling fee for credit card swiping at POS machine.