POS card swipe fee: What is the impact of the adjustment? How to swipe in 2017?

POS card swipe fee: What is the impact of the adjustment? How to swipe in 2017?

From September 6, 2016, the POS machine card processing fee will be adjusted. What is the impact on the business users after the POS machine card processing fee adjustment? The following small series for everyone to read:

1. Increase in cashing costs

The New Deal canceled the capped POS machine, mainly to curb credit card cash. Previous credit card cap offers have been exploited by many lawless elements, using their low rate features to illegally cash out. For example, the previous fee of 10,000 yuan may be 150 yuan, and may be 200 yuan or even higher in the future.

2. Effectively prevent unlawful merchants from violating the set code

Different merchant card processing fees vary. When using a POS machine to swipe a card, depending on the merchant's main business and industry attributes, the acquiring institution sets an "MCC code" for the merchant, and the card processing fee paid by the merchant is determined by this code.

For example, the code of the catering category is 5812, and the supermarket category is 5411, so some merchants violate the rules in order to pay less credit card fees. For example, the catering category with higher handling fee is set to a relatively low supermarket category. For consumers who like to swipe credit cards, the most direct loss is that there is no points. If you want to swipe your card for 20,000 yuan, you will not have a point. More serious will be suspected of being cashed by the bank, thus affecting credit.

3, the merchant may refuse consumers to brush the "high rate" credit card

After credit card spending, the credit card rate will be higher than the debit card. The same is to spend 1,000 yuan on the card, if you use a debit card, the merchant may have to pay a handling fee of 2 yuan, while the credit card, the merchants need to pay a higher fee, such as 5 yuan.

As a result, there are likely to be some merchants, especially small merchants, in order to reduce costs, increase profits, and refuse consumers to brush "high rate" credit cards, instead encouraging consumers to pay by cash or debit cards.

4, more than 8334 yuan will pay more than the original fee

The reporter saw the card rate adjustment notice posted by the 4S shop at the obvious location of the 4S shop payment office in Daming Road, Nanjing. "After September 6th, anyone who swipes a credit card in the store will charge a handling fee at a rate of 0.6% and no longer has a cap of 50 yuan." The notice also advises customers to choose a debit card with a lower cash rate or a much lower rate. .

Many 4S stores have chosen to take credit card credit rates after the New Deal. In addition, real estate sales and building materials wholesale are also high-volume industries.

However, there are not many credit lines that can reach tens of thousands or even hundreds of thousands. However, at a rate of 0.6%, the fee for users who pay more than 8,334 yuan will exceed the previous 50 yuan. However, compared with the previous 1.25% rate, after the New Deal, as long as the user's cost is less than 8334 yuan, credit card is still more cost-effective than before.