WeChat merchant fees will be deducted for credit card swiping. After a store accepts a customer's card, it must pay a handling fee of 2 to 3% to the bank and credit card center. It’s called a card swipe fee.

According to the current "Measures for the Distribution of Income from Bank Card Inter-bank Transactions of China UnionPay Network Institutions", all settlement fees for bank card acquiring business are borne by merchants, but the rates implemented by different industries are different. Standards range from 0.5% to 4%. Generally speaking, the credit card processing fee in the retail industry is 0.8%-1%, in supermarkets it is 0.5%, and in the catering industry it is 2%.

Extended information

How to calculate credit card swiping fees

Credit card swiping fees are borne by merchants. Different industries have different rates. Rate standards range from 0.5% to 4%.

The first category of merchants includes catering, hotels, entertainment, jewelry and gold ornaments, and arts and crafts. The general discount rate is 2%-2.5%.

The second category of merchants includes real estate, car sales, and wholesale. The general discount rate is 1%, and you can apply for a single transaction cap.

The general discount rate for the third category of merchants, including air ticketing, refueling, and supermarkets, is 0.5%-1%.

General discount rates for the fourth category of merchants, including public hospitals and public schools, vary depending on the region.

The fifth category of merchants includes general discount rates of 1%-3%.

Reference material: Baidu Encyclopedia-Card swiping fee