What is the handling fee for POS machines?

As of February 2021, China's domestic credit card rates are related to banks and merchant industries, and the handling fee standards of different banks are different, and the handling fee charging standards of different industries will be different. The card handling fee for food and entertainment is; The handling fee for merchants in department stores is; The credit card fees for supermarkets, gas stations and other merchants are;

The credit card fee for hospitals, education and other public welfare categories is 0; According to the new rules on POS machine card swiping, the overall rate level of card swiping has been greatly reduced, and the new regulations have cancelled the pricing of merchant industry classification, and the new policy of POS machine card swiping shows that the transaction fee of debit cards will not exceed the transaction amount, and the transaction fee of credit cards will not exceed the transaction amount.

The 2003 merchant credit card handling fee regulations were repealed on February 25, 2013, and the overall reduction in card fees was 23% to 24%.

Authorized stores are required to pay a handling fee of 2 to 3 percent to the bank and credit card center after accepting the customer's credit card. In order to save costs, some manufacturers will require cardholders to pay additional processing fees, because the card must be invoiced, so that the store cannot evade taxes.

According to the current Measures for the Distribution of Inter-bank Transaction Proceeds of Bank Cards of China UnionPay Network Access Institutions, the settlement fees of bank card acquiring business are all borne by merchants, but the rates implemented by different industries are different, ranging from 4%. Generally speaking, the credit card handling rate for the retail industry is 2% for supermarkets and 2% for the catering industry.

01 At present, the new regulations on POS machines point out that the transaction fee of debit card will not exceed the transaction amount, and the transaction fee of credit card will not exceed the transaction amount, and the handling fee charging standard of different banks is different. If it is a personal POS machine, the rate will be different from the bank POS machine.

Nowadays, a large number of people will choose to pay by card when they consume, for consumers, it is more convenient to pay by card than to carry cash, and if it is a credit card, the cardholder can also enjoy the interest-free period and some preferential services, but for merchants, they need to bear the POS machine card handling fee, so what is the current POS machine card handling fee?

At present, China's domestic credit card rates are related to banks and merchant industries, and the handling fee standards of different banks are different, and the handling fee charging standards of different industries will be different. The card handling fee for food and entertainment is; The handling fee for merchants in department stores is; The credit card fees for supermarkets, gas stations and other merchants are; The credit card fee for hospitals, education and other public welfare categories is 0; According to the new rules on POS machine card swiping, the overall rate level of card swiping has been greatly reduced, and the new regulations have cancelled the pricing of merchant industry classification, and the new policy of POS machine card swiping shows that the transaction fee of debit cards will not exceed the transaction amount, and the transaction fee of credit cards will not exceed the transaction amount.

How much is the POS machine credit card transaction fee?

Different banks will have a slight difference in the handling fee of the POS machine, taking Bank of China, Agricultural Bank of China, China Construction Bank, and Industrial and Commercial Bank of China as an example to introduce the handling fee charging standards of these four major banks:

1. Bank of China.

Standard merchant POS machine swiping card: The debit card handling fee is the amount of the card, with a cap of 20. The credit card handling fee is the amount of the credit card; Preferential merchant POS machine card swiping: The debit card handling fee is the amount of the card, with a cap of 16. The credit card handling fee is the amount of the credit card;

2. Agricultural Bank of China.

Standard merchant POS machine swiping card: The debit card handling fee is the amount of the card, with a cap of 20. The credit card handling fee is the amount of the credit card; Preferential merchant POS machine card swiping: The debit card handling fee is the amount of the card, with a cap of 13. The credit card handling fee is the amount of the credit card;

3. Industrial and Commercial Bank of China.

Standard merchant POS machine card swiping: The debit card handling fee is the amount of the card, and the cap is 17. The credit card handling fee is the amount of the credit card; Preferential merchant POS machine card swiping: If the debit card handling fee is the amount of the card, it is capped. The credit card handling fee is the amount of the credit card;

4. China Construction Bank.

Standard merchant POS machine swiping card: The debit card handling fee is the amount of the card, with a cap of 20. The credit card handling fee is the amount of the credit card; Preferential merchant POS machine card swiping: The debit card handling fee is the amount of the card, with a cap of 15. The credit card handling fee is the amount of the credit card;

Card transaction fee = transaction amount * card transaction rate. For example, if the transaction amount is 1,000, the rate is 0.6%, which is 1,000% 0.6 = 6. There are three main types of common rates for machines, zero reduction rate, 0.38% preferential rate, and 0.6% standard rate.

On September 6, 2016, China** officially implemented the "Notice of the National Development and Reform Commission People's Bank of China on Improving the Pricing Mechanism of Bank Card Swiping Fees", and there are new regulations on POS machine swiping fees, which are as follows: debit card POS machine handling fee rate shall not exceed, credit card POS machine handling fee rate shall not exceed; In addition, the maximum cost of the network service shall not be exceeded.

Merchant fee standards vary by industry:

1% for general industries and 2% for hotels.

Block transactions and wholesale transactions are generally capped at $20 or $50 per transaction.

With the popularity of card swiping, more and more small shops have begun to use POS machines, so what are the handling fees for POS machines? Let's take a look. 1. The standard of the handling fee for swiping the card of the POS machine is credit card swiping, savings card swiping, and the cap is 20 yuan.

3. Public medical institutions and schools have zero fees, and these two types of merchants need to apply, and they must comply with the information.

4. If you need to apply for a POS machine, you must contact a regular third-party payment company or **, and you must have a payment license.

How much will be the handling fee for POS machines?

How much does a credit card fee cost?

1. POS machine card handling fee = card amount * actual rate.

2. Handling fees for credit cards in state-owned banks.

Bank of China capped.

Agricultural Bank of China capped.

ICBC capped.

China Construction Bank capped.

Japan Post Bank capped.

3. Joint-stock bank card handling fee.

Bank of Communications capped.

China Merchants Bank capped.

China CITIC Bank capped up.

Minsheng Bank was capped.

Ping An Bank capped up.

China Guangfa Bank capped.

4. According to the requirements of the pricing mechanism, the handling fee of POS machines in the catering and department store industry can be reduced by 2 4 percent, but at the same time, the credit card will no longer enjoy the cap discount.

On September 6, 2016, China** officially implemented the "Notice of the National Development and Reform Commission People's Bank of China on Improving the Pricing Mechanism of Bank Card Swiping Fees", and there are new regulations on POS machine swiping fees, which are as follows: debit card POS machine handling fee rate shall not exceed, credit card POS machine handling fee rate shall not exceed; In addition, the maximum cost of the network service shall not be exceeded.

Merchant fee standards vary by industry:

1% for general industries and 2% for hotels.

Block transactions and wholesale transactions are generally capped at $20 or $50 per transaction.

The latest card handling fee standard for POS machines in 2019: At present, the central bank has not had a clear restriction on POS card swiping, but after the standard was formulated in September 2016, although the fixed rate of major banks has not changed, with the different preferential activities and the scope of card swiping, their handling fees are still different

In addition to the fixed regulations of the bank, there are also different handling fee standards for consumption scenarios

1. If it is a consumption scene of dining, dining, staying in a hotel, or KTV entertainment venues, as well as jewelry and arts and crafts in shopping malls, the handling fee standard is between 2%.

2. If you are renting a house, the general deduction rate for real estate merchants, as well as automobile 4S store sales, and wholesale market merchants is 1%, and you can apply for a single transaction cap.

4. If the card consumption is carried out in public hospitals and public schools, the general deduction rate is between 1% and 3%.

5. If you make a purchase at an ordinary general merchant, the deduction rate is 1% to 3%.

1. Catering, hotels, entertainment, jewelry, arts and crafts, real estate and automobiles will be charged according to the rate of POS machine card swiping fee.

2. Wholesale, department stores, intermediaries, training, scenic spot tickets, etc., will be charged according to the POS machine card handling fee.

4. In addition, public hospitals, public schools, and charity cards do not charge POS machine card swiping fees.

The following table is the standard for charging POS machine card fees in various industries:

POS is a multi-functional terminal, which can be installed in the special merchants and acceptance outlets of credit cards and connected to the computer to form a network, and the automatic transfer of electronic funds can be realized.

It has features such as support for spending, pre-authorization, balance inquiry, and transfer, making it safe, fast, and reliable to use. It is difficult to obtain basic business information in bulk transactions, and the introduction of POS system is mainly to solve the blind spot of retail information management. An important part of the chain store management information system.

The handling fee rate of POS is deducted as a percentage of the trading volume, and the deduction rate varies according to different industries

1. 1% for general industries and about 2% for special industries (such as hotels, hotels, jewelry, handicrafts, etc.).

2. For bulk transactions and wholesale transactions, the deduction rate is capped, generally 20 yuan or 50 yuan for a single transaction.

3. The handling fee shall be borne by the merchant and shall be deducted when UnionPay clears the funds. 70% of the revenue is obtained by the issuing bank, 10% is the fixed part of the income, and the rest is the income of the acquiring bank or acquiring company.

4. Any other deduction rate, such as .6% or so on, the handling fee rate is different for different industry types, and this is unified across the country.

The consumer will not deduct the money from the consumer's bank account by swiping the card on the POS machine, and the handling fee deducted from the card of the POS machine will be deducted from the merchant's bank account. The POS machine card handling fee is deducted from the merchant's account according to the industry and business scope of the merchant's business license.

The reply is as follows: 1. Catering jewelry ** bath and massage category:;

3. Most of the common clothing, shoes and hats: Your hardware store belongs to this.

4. Wholesale market: up to 26 yuan cap (actually more than 35 caps);

5. Real estate and automobiles: up to 80 yuan cap.

1. If you are a buyer, there is no handling fee for card consumption;

2. If you are a merchant and have applied for a POS machine of Ping An Bank, the handling fee can be referred to:

Domestic UnionPay debit card: the transaction amount is capped at RMB;

Other UnionPay cards (including domestic UnionPay credit cards and overseas UnionPay cards): There is no cap on the transaction amount.

This fee is the standard of the head office, and each branch can customize the credit card rate according to the actual local situation, for more information, please consult your relationship manager.

Hardware stores are generally capped at the dollar of a credit card and a debit card.

Currently, there are three basic types of rates based on the type of merchant.

1.Standard class.

2. Preferential categories. 3. Public welfare: 0

Like your hardware store, it is a standard tired, it should be charged left and right, if it is relatively high, you can change to a pos machine.

Different industries have different charging standards, and the normal card handling fee is a few thousandths.

I am doing the pos machine rate of the regular payment license, you can contact me to understand.

1.Standard, credit card swiping; Savings card swipe, up to 20 yuan. Taking 10,000 yuan as an example, the handling fee for credit cards is 60 yuan, and the handling fee for savings cards is 20 yuan; 2.

How much will be the handling fee for POS machines?