Generally, the POS fee rate is deducted as a percentage of the transaction volume, and the deduction rates vary according to different industries.
1. Traditional POS machine
1. Standard credit card swiping charges are 0.6%, while debit card swiping charges are 0.5%, with a maximum cap of 20.
2. For discounts such as swiping credit 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 for consumption, and the card swiping fee of the mobile POS machine is generally about 0.6% + 3/pen.
No matter how much the card is swiped, the card issuer and UnionPay will receive a total handling fee of 0.4825% from each card swipe. If the payment company wants to make money without losing money, the POS machine rate must be higher than 0.4825%.
Different products have different rates. For the same fee, the handling fees incurred when swiping different products are also different. When swiping a card, the POS machine will display discounted or public welfare products. The rate will be very low or even 0. In fact, your abnormal code hopping behavior will be accessed by the bank, which will harm the interests of the bank and ultimately your own interests. The credit card may be reduced or blocked.
POS card swiping fee standards after the 96 fee change
On September 6, 2016, the National Development and Reform Commission and the People's Bank of China issued a notice on improving bank card swiping fee pricing. The notification of the mechanism was officially implemented, which is called the 96 fee reform.
The main contents of the 96 fee reform
1. The cap rate has been canceled for the credit card (credit card) fee reform.
2. Integrate multiple rates. After the integration, there are only two categories: standard and reduced (standard merchants and non-standard merchants).
3. Clear regulations have been made on the respective proportions of the three-party institutions’ sharing of credit card handling fees.
The original 0.78% general category and 1.25% catering and entertainment categories such as clothing, KTV, catering, gold jewelry, stationery, hairdressing, dry cleaning and other industries have been merged into the current standard category.
The preferential category is originally the people's livelihood category. Supermarkets, large warehouse stores, water, electricity and gas payment, refueling, and transportation ticketing merchants that meet UnionPay standards can enjoy a transition period of 2 years after applying for on-site registration and approved by UnionPay. The annual discount is 22% off the marked category.