whether to swipe visa or unionpay in Korea depends on what settlement channel is provided by the POS machine during personal consumption. Generally, visa is swiped when visa is marked on the POS machine, and unionpay is swiped when unionpay is marked. In addition, in South Korea, the visa brand or UnionPay brand will have corresponding preferential activities, and consumers can also choose visa or UnionPay according to the preferential activities. Visa card may charge a certain handling fee for going through the visa channel. Different banks have different regulations, generally it is 1.5% of the transaction amount, and it may also be reduced or exempted.

Tips: The above contents are for reference only.

Response time: October 25th, 221. Please refer to the latest business changes announced by Ping An Bank in official website.