POS machine swiping credit card handling fee

POS machine swiping - handling fee = actual rate for the card swiping amount. For example, the user spends a sum of 10,000 yuan and uses a Bank of China debit card to swipe the card The POS machine card swiping rate is 0.5, so the handling fee = 100000.5 = 50 yuan. According to the capped preferential policy, A needs to pay a 20 yuan handling fee. If he uses a Bank of China credit card, the card swiping rate is 0.6, then 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.

Is there any handling fee for using POS machines with credit cards?

There is no handling fee for cardholders using POS machines with their credit cards.

According to bank regulations, the credit card swiping fee does not need to be paid by the cardholder. The POS machine card swiping fee is borne by the merchant. The handling rates are different in different industry types. The POS machine card swiping fee is based on the merchant's business. According to the industry and scope of licensed business, the card processing fee will be deducted from the merchant's account.

Credit card installment payment means that when the cardholder uses a credit card to make large purchases, the card-issuing bank pays the merchant a one-time payment for the goods (or services) purchased by the cardholder. Apply to deduct consumption funds in installments from the cardholder's credit card account, and the cardholder will repay according to the monthly credit amount.

In the past, credit card installments mainly included bill installments and single consumption installments. Banks usually charged corresponding handling fees based on the number of installments.

Whether it is bill installment or single consumption installment, the premise is that consumption behavior occurs first, and then the bank sets the installment repayment of the credit loan generated.

Most domestic banks in China have credit card installment services. Installments are generally divided into shopping mall (POS) installments, "mail order installments" and bill installments through the Internet, mail, etc. depending on the occasion. .

Shopping mall installment, also known as POS installment, means that cardholders go to shopping places, such as "malls" where installment can be purchased. When checking out, please show a credit card that supports installment payment at the mall and indicate that you need to pay in installments. The cashier will swipe the card on a dedicated POS machine according to the number of issues required by the cardholder (such as 3 issues, 6 issues, 12 issues, etc., a few shopping malls support 24 issues).

Note: Cardholder identity verification is required when making installment purchases in shopping malls, so remember to bring your ID card. Shopping mall installments are generally free of charge for three installments. The rates for 6 and 12 periods vary from bank to bank. Installment products can generally be purchased as long as they are normally sold in the shopping mall. In many cases, cardholders can also bundle multiple items together for checkout and then make installment payments.

Mail order installment means that the cardholder receives the installment mail order catalog manual sent by the card-issuing bank (or the bank's online installment mall) and chooses from limited products. Then order through the online installment mall, call or fax the mail order installment application form, etc. to the bank for installment mail order.

There is generally no handling fee for mail order installments regardless of the number of installments. However, due to the long ordering cycle (in many cases it will take more than 15 working days to get the product) and the relatively cumbersome return and exchange process, it is recommended to do more comparisons before purchasing.

Bill installment is the most convenient installment method. Basically, all card-issuing banks can support this installment method, and the application is simple. Users only need to submit an installment application to the card-issuing bank by phone or other methods after swiping their card for consumption and before monthly bills are sent.

However, please note that each bank will stipulate some special cases. For example, speculative card swiping will not be successful in installments. So before proceeding with staging, be sure to read the staging manual carefully. The disadvantage of bill installment is that the handling fee is not waived. The longer the number of installments, the higher the handling fee, all of which must be borne by the cardholder.

How to calculate the POS handling fee for credit card swiping

Different POS machines have different charging standards.

1. If the smart POS machine pays through QR code, the handling fee is generally 0.38, and the other is the same as the traditional POS machine;

2. The mobile POS machine communicates with the POS machine through Bluetooth Connect to make purchases. The handling fee for this card payment method is generally 0.68 3 yuan/transaction.

3. The standard handling fee for traditional POS machines is 0.6 for credit card swiping, with a maximum of 20. If you pay by credit card at discounted merchants such as supermarkets and gas stations, the credit card handling fee is 0.38, with a maximum of 18. There is no handling fee for swiping cards in public hospitals, schools and other places.

Other regulations:

1. After the 96 fee reform in 2016, the central bank formulated a unified credit card swipe fee standard, that is, the card swipe fee rate is 0.6 in the standard category. For example, if we cash out 10,000 yuan, the handling fee is 10,000.06 = 60 yuan.

2. The above are the standard merchants. There are also two major categories of merchants: discounts and exemptions and charity merchants.

According to the current uniform rate policy, the card swiping rate for discount and exemption merchants is 0.38-0.48, and the card swiping rate for charity merchants is 0.

When we cash out, we determine the card swiping rate based on the specific merchant type code, that is, the MCC code. Usually, after swiping the card on the POS machine, the printed transaction receipt can be See. There is a 15-digit merchant number on the transaction receipt, of which digits 8-11 are the MCC code.

For example, if the MCC code is 5813, then the merchant type it represents is a casual drink establishment (bar, pub, coffee shop, cafe, cafe, teahouse). The merchant is classified as dining and entertainment, and the card swiping rate is 0.6 .

POS is a multi-functional terminal that can be installed in credit card merchants and acceptance outlets and connected to a computer network to realize automatic transfer of electronic funds. It supports consumption, pre-authorization, and balance. Functions such as inquiry and transfer are safe, fast and reliable to use. It is difficult to obtain basic business information in bulk transactions. The introduction of POS systems is mainly to solve the blind spots of information management in the retail industry. An important part of the chain store management information system.

Fixed POS machine

The advantages are:

1. Software upgrade and maintenance are relatively easy;

2. Network dial-up method, dial-up Fast;

3. POS transaction settlement is relatively easy.

The disadvantage is: it requires online operation, and customers need to go to the cashier to pay.

Businesses suitable for integrated transformation projects.

How much is the handling fee for using a POS machine to swipe a credit card?

Credit card holders do not need to pay a handling fee when using a POS machine. Instead, the merchant pays the handling fee. The handling fee rate is 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 such as restaurants, supermarkets, and gas stations, the handling fee is 0.35 of the amount swiped.

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

Use your own ID card to apply for a POS machine and swipe your own credit card. What impact will this have on your credit card? Let’s not talk about anything else. Let’s first clarify the process of fund settlement: 1. Nowadays, many POS machines can withdraw cash in seconds. But in fact, these funds are not directly transferred to our account. That is to say, after each transaction, the money is usually advanced to the cooperative bank or other acquiring institutions. Money must go through such a process before it can flow into our hands.

So how do the funds flow after the credit card is swiped?

First of all, they all flow into the UnionPay reserve account. On the second day, that is, after the second working day, these accounts will settle the amount to the merchant at the POS machine. This is actually like a wall, blocking all information between the two parties. That is to say, the credit card issuing bank and settlement bank cannot contact each other, and they have no way to see each other's transaction information.

Generally speaking, the POS machine will automatically assign a merchant to us, that is, the system will automatically match us after swiping the card. Generally speaking, they are merchants with points, such as the catering industry we are familiar with, the entertainment industry, and hotels and other merchants. This will be of great help to Ting'er, because the information received by UnionPay and the bank shows that the consumption of these cardholders is real consumption, and the points are very high, so it is of great help to Penguin. big. In this case, you don’t have to worry about this or that at all, just take the card and swipe it.

Credit cards belong to bank cards, but POS machines belong to a third-party payment company, and the information between the two does not flow. In other words, the bank cannot see who is the owner of the POS machine, and the payment company does not know who the cardholder is. So it is absolutely no problem to use your own POS machine to swipe your own credit card. But when you swipe your card, you must remember something like this: when looking for a machine, you must look for a machine that clears the card, and you must not look for a machine that jumps codes randomly. That would be very harmful. For example, if you sometimes spend money here, it will appear on his bill that he spent money there, and this problem will arise.

For example, if you sleep in a hotel all night, but the bill shows that you also consumed a certain amount of medicine in the hospital, this seems very wrong, so it is better not to do this as much as possible to avoid any consequences. Don’t let the bank’s risk control system catch you for unnecessary risks.

Finally, what I want to say is that in principle, there is no problem at all if you use the POS machine issued by your own ID card to swipe your own credit card. When we usually swipe our cards, we must also spend reasonably. We must be clear about our financial situation and cannot spend money carelessly. Only by swiping our cards reasonably can we increase our credit card limit.

If you can check the big credit data, it is best to check it. You should take good care of your credit so that you will not be rejected when applying for a credit card!

Swipe a credit card through a POS machine How much is the handling fee

The handling fee charged by the POS machine for swiping 10,000 yuan is as follows: Standard merchants: the credit card swiping fee is 0.6, and the swiping fee for 10,000 yuan is 60 yuan; the deposit card swiping fee is 0.5, and the swiping fee is 0.5. There is a handling fee of RMB 20 (capped) per ten thousand. Preferential merchants: The credit card swiping rate is 0.38, and a handling fee of 38 yuan is charged for 10,000 swiping charges; the debit card swiping rate is 0.4, and a 18 yuan (capped) handling fee is charged for 10,000 swiping charges. Charity category: There is no handling fee for credit card and debit card purchases.

Because the types of merchants are different, the handling fee ratios are also different. The handling fee for a debit card is 0.5. Ordinary debit cards are directly capped at 25 yuan. If the card is swiped for 10,000 yuan, the handling fee will not be deducted after reaching 25 yuan, so the final handling fee is 25 yuan. However, the handling fee deducted from the POS machine for swiping 10,000 yuan depends on what card the consumer uses. The handling fee for a credit card is 0.6, so a handling fee of 60 yuan is deducted for 10,000 yuan.

The handling fee of preferential merchants itself has a certain discount and is charged at 0.38. For example, only large supermarkets and gas stations can handle such preferential POS machines, and they need a corresponding business license. If you swipe a card for RMB 10,000, a fee of RMB 38 will be deducted.

If the card is swiped at a school or government department, how much handling fee will be deducted for 10,000 yuan at the POS machine? Because this type of merchant has zero handling fee, no matter how much the card is swiped every time, there is no handling fee. This type of merchant is indeed more cost-effective, but it is not a merchant that consumes frequently.

The handling fees of each bank's POS machine are as follows:

Bank of China: The standard debit card POS machine swiping rate is: 0.5--20 capped, and the credit card rate is 0.6.

Agricultural Bank of China: The standard debit card POS machine swiping rate is: 0.38-16 capped, and the credit card rate is 0.38.

Industrial and Commercial Bank of China: The standard debit card POS machine swiping rate is: 0.5--20 capped, and the credit card rate is 0.5.

China Construction Bank: The standard debit card POS machine swiping rate is: 0.5--20 capped, and the credit card rate is 0.3.

Bank of Communications: The standard debit card POS machine swiping rate is: 0.5--20 capped, and the credit card rate is 0.6.

Ping An Bank: The standard debit card POS machine swiping rate is: 0.335--19.75 capped, and the credit card rate is 0.633.

How to calculate the handling fee for flashing POS machine

1. Use of POS

The POS machine is a thing that looks like a calculator. There is a small one next to it. The gap is for swiping cards. The function of the POS machine is: Merchants can use the POS machine to collect transfer rights from payment methods such as WeChat, Alipay, and credit cards, and can also bind accounts to check balances.

2. What is the standard for credit card swiping fees at POS machines?

The national charging standard for POS machines is 0.6, which means that you only need to pay a handling fee of 60 yuan to swipe a card of 10,000 yuan. Assuming that the transaction amount is 10,000 yuan, the fee charged when the user uses the POS machine to swipe the card is 60 yuan.

The country divides POS machine rates into three types:

(1) Standard type

The standard type POS machine fee is 0.6

(2 ) Discount type

The POS machine handling fee for preferential type is 0.38, such as supermarkets, gas stations, train tickets, airplane tickets and other ticket sales outlets, etc.

(3) Reduction type

Public hospitals, public schools, welfare homes, charities, etc. all have 0 rates

This is the introduction to the credit card POS machine handling fee and why the credit card POS machine handling fee is so high. It's over. Did you find the information you need?