From today on, the bank card swipe service fee will be officially lowered. According to the new regulations, the issuing bank service fee charged by the issuing authority will be charged for different debit cards and credit cards. The debit card rate is reduced to no more than 0.35% of the transaction amount, and a single charge of 13 yuan is capped; the credit card rate cannot exceed 0.45%, and a single charge is not capped.
According to the analysis, the bank card swipe service fee reduction will directly reduce the business costs of merchants, catering and other industries have benefited a lot. The credit card's single-payment "not capped" rule may affect large amounts of consumption such as purchasing a car.
▲List of bank card swiping fees and the maximum rate. From the National Development and Reform Commission website
How to adjust it?
-- A single debit card charge 13 yuan cap
The National Development and Reform Commission and the People's Bank of China jointly issued the Notice on improving the pricing mechanism of bank card swiping fees in May March, which has substantially reduced the charging level since September 6. From today on, the majority of merchants will welcome a "cost reduction package ".
It is understood that the bank card swipe service fee is mainly the card issuance service fee charged by the card issuer, the network service fee charged by the bank card clearing institution, and the settlement service fee charged by the receiving institution. According to the new regulations, the level of service fee and network service fee of the issuing bank will be reduced, and the service fee in the settlement process will be adjusted in the market price.
The service fee charged by the issuing authority will be changed to non-differentiated merchant categories. The government guides the price and upper limit management will be implemented, and the debit card and credit card will be charged differently. The deduction of the service fee level of the issuing bank is that the debit card transaction does not exceed 0.35% of the transaction amount, and the credit card transaction does not exceed 0.45%. The payment amount for a single debit card transaction shall not exceed 13 yuan, and the credit card transaction shall not be subject to a single charge cap control.
At the same time, the rate of the network service fee charged by the bank card clearing institution is reduced to 0.065% of the transaction amount, and the fee for a single transaction cannot exceed 6.5 RMB, regardless of the loan or loan amount. In addition, for non-profit medical institutions, educational institutions, social welfare institutions, pension institutions, charity card swiping transactions, the implementation of card issuance service fees, network service fees in full relief.
Who will benefit the most?
-- Rates for catering and other industries fell by more than half
The reporter noted that the bank card swipe service fee reduction will directly reduce the business costs of merchants, catering and other industries have benefited a lot.
"Preliminary estimates: After the implementation of the policy, all types of merchants can reduce the annual spending on card swiping fees by about 7.4 billion yuan ." The relevant persons in charge of the National Development and Reform Commission and the People's Bank of China disclosed in a response to a reporter that there were some differences in the degree of benefit for merchants in different industries after the adjustment. The total service fees and network service fees for card issuers and debit card transactions in the catering and other industries can be reduced by 53%-63% respectively, and that for department stores and other industries can be reduced by 23%-39%.
Let's calculate an account. Taking the catering industry as an example, according to the previous charging policy, 0.9% of the card issuing service fee will be charged to catering merchants. Based on this, if the customer swipes the card for 1000 yuan, the merchant needs to pay a service fee of 9 yuan. After the new regulations are implemented, the merchant only needs to pay a service fee of 4.5 yuan at most, and a transaction can save 4.5 yuan.
Zhao, who opened a Sichuan food restaurant in Beijing, told the reporter that more and more customers now prefer to use card swiping. The reduction of the card swiping service fee will save them a real "real gold and silver ", this reduces the operation pressure on restaurants and is expected to be implemented as soon as possible.
What is the impact?
-- The credit card service charges "not capped" or affects large-value consumption.
The new regulation has made different policies for the service fees of debit cards and card issuers. The charge for a single debit card transaction is 13 yuan, but the credit card transaction does not implement a single charge cap control. In the outside world, the credit card bill is not capped, or will affect the use of a credit card to buy a car and other large-value consumption.
For example, if you use a credit card to buy a car, the service charge of the issuing bank is subject to a cap of 60 yuan according to the previous policy. After the new regulations are implemented, you will also use a credit card to swipe your card at 0.1 million yuan, merchants must pay 0.45% yuan service fee at a rate of 450.
Why do credit card transactions not implement single-payment cap control? Zhao Xijun, vice president of the School of Finance and finance of Renmin University of China, told the reporter that, compared with debit cards, the credit card can be overdraft, and the bank needs to pay for it, it must bear the risk of capital occupation and other costs and relatively high business losses. If the cap limit is imposed, the overdraft of 10 thousand and 0.1 million will only pay the same amount of money, which is unreasonable for banks. This will also help increase the cost of illegal cash-out and reduce the phenomenon of illegal credit card cash-out.
In addition, what are the impacts on consumer card swiping transactions after the new regulations are implemented? The relevant persons in charge of the National Development and Reform Commission and the People's Bank of China told reporters that the bank card swiping service fee is not charged to card holders. This policy adjustment significantly reduces the rate level in general, helps reduce the business costs of merchants and improve the business environment, not only does not increase consumer spending, but also helps consumers get a better experience of card swiping.
