Starting today (September 6), the Notice on Improving the Pricing Mechanism for Bank Cards and Fees Issued by the National Development and Reform Commission and the People's Bank of China was officially implemented. The new POS card swiping policy issued in March will be the bank. Card credit card rate "waist", canceled the merchant industry classification in the previous charging standard, implemented differential debit card and credit card billing, credit card processing fee is not capped.
The new policy of POS card swiping directly affects various merchants, institutions and consumers in the industry. The catering and entertainment industry's card processing fee has dropped by more than half. The credit card fees for large-scale consumer industries such as real estate, automobiles and wholesale will rise. Some third-party payment platforms are worried about the business space being squeezed, which can be described as a few happy ones.
The bank card credit card fee is mainly composed of the billing service fee collected by the acquiring institution, the card issuing bank service fee collected by the card issuing institution, and the network service fee charged by the bank card clearing institution.
Previously, China implemented differential rates in accordance with the industry, mainly in the four industries of catering, entertainment, general, people's livelihood and public welfare. The rates were 1.25%, 0.78%, 0.38% and 0% respectively. This part of the cost is distributed to the issuing bank, the acquiring institution and the bank card clearing organization in a ratio of 7:2:1.
It can be seen that when there is a price difference between the credit card processing fees in different industries, the catering business merchants bear the highest rate of credit card printing. For every 100 yuan spent by the user, the restaurant owner will be charged a handling fee of 1.25 yuan, which is a great pressure.
After the implementation of the New Deal, there will be no distinction between merchant categories, the rate level will be reduced to a debit card rate of no more than 0.35% of the transaction amount, the single charge amount will not exceed 13 yuan; the credit card transaction will not exceed 0.45%, and no single entry will be implemented. Capping control. It is no wonder that the owners of the restaurant and entertainment industry first stated that they were "loose."
Consumers may have a better experience in online shopping in the future. The New Deal requires network service fees, regardless of debit cards and credit cards, to be collected separately from the acquiring and issuing agencies. The rate level is reduced to not more than 0.065% of the transaction amount, and the amount of the single transaction is not more than 6.5 yuan, which is 50% by the acquiring and issuing agencies. That is to say, when charging to the acquiring and issuing institutions, the amount of the single charge does not exceed 3.25 yuan.
However, in the New Deal, the "credit card credit card processing fee is not capped", but the real estate, automobiles, wholesale and other large-scale consumer industry practitioners are a bit worried.
According to the public information of major banks and payment companies, the debit card fee rate is adjusted to 0.5% to 0.6%, and credit card fees are not capped.
According to the previous fee rate, the credit card fee is generally around 60 yuan, which is borne by the merchant. After the implementation of the New Deal, a 100,000 yuan car will be purchased with a credit card, and a handling fee of 450 yuan will be paid according to the 0.45% handling fee rate.
For example, the credit card purchase and the down payment, the intentional gold as an example, the previous 50,000 yuan fee was capped and paid 26 yuan, after the implementation of the new regulations, according to the 0.45% standard to pay 225 yuan.
It is worth noting that the "Notice on Improving the Pricing Mechanism for Bank Cards and Fees" has been officially implemented, and the average rate in Mainland China has been further reduced. According to a practitioner in Hong Kong, the Hong Kong rate is between 1% and 2%, and the average US rate is about 2%.
Bankers commented on the New Deal that the bank card processing fee is not charged to cardholders, which means that the bank and UnionPay intermediary business income is damaged, but in the long run, it will encourage merchants to accept credit card. For credit card holders, some existing merchant package codes, bad cardholders using cash violations, etc. will be effectively curbed.
Overall, this policy adjustment has greatly reduced the rate level, which is conducive to reducing the operating costs of merchants and improving the business environment. It will not only increase consumer spending, but also help consumers to obtain a better experience of credit card consumption. When the relevant person in charge of the National Development and Reform Commission and the People's Bank of China answered the reporter's question, he said, "Preliminary estimates show that after the implementation of the policy, the total amount of merchants' spending can be reduced by about 7.4 billion yuan per year."
For the “small and medium-sized merchants will increase their willingness to swipe their cardsâ€, Li Yinghao, CEO of WeChat payment and Alipay, said that the POS machine fee reduction may impact third-party payment of profit margins, there will be some worries, but “the overall impact is small. ".
In this regard, Yinsheng paid executives responsible for related business also said that scan code payment corresponds to small multi-frequency transactions, regardless of future scanning code or smart phone NFC (near-range wireless communication technology), is an important part of the market, sweep The triumph of the code will also promote the bank's UnionPay and third parties to provide more competitive financial services, which is a good thing in the long run.
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