Third party pays "poor"

Abstract: Suppose you Taobao after shopping in the payment under the pay environment under the Brush credit card 100 yuan, the merchant will pay Alipay pay 1 yuan handling fee. How the 1-dollar money is distributed between the issuing bank, the unilateral and the transfer of clearing institutions is now the focus of the dark war. According to projections, 2014

If you are shopping in Taobao after paying the payment environment under the credit card 100 yuan, the merchant will pay Alipay 1 yuan handling fee. How the 1-dollar money is distributed between the issuing bank, the unilateral and the transfer of clearing institutions is now the focus of the dark war. It is forecast that the total transaction volume will reach 8 trillion online in 2014. Tens of billions of of the total number of card processing fees has been fixed. Large chunks of "cake" inevitably let people grab a broken head.

"If UnionPay is disconnected, most third-party payments will be lost by profit, and a large number will be closed," he said. "A large third party pays the relevant business person to" the first financial daily "said. What he refers to is a series of efforts to disconnect UnionPay's third party payment with the bank payment interface in the near stage.

In a recent board meeting, the "bill on further standardizing the bank's and UnionPay's interests in the non-financial institutions" (hereinafter referred to as "the bill") shows that the steps it brought to the Board's consideration were "since September 2013, the member banks have ceased to add new bank card payment interfaces to the AU institutions, Stock interface no longer add no card to take, transfer, on behalf of the licensing and other UnionPay card business ";" The member banks set up a unified pricing mechanism by the end of 2013 to complete the operation of the non-gold agency charges, the relevant fees and charges not less than the price standard of UnionPay.

UnionPay's goal is "before December 31, 2013, the complete completion of the non-gold institutions under the line UnionPay card trading business migration, unified to send UnionPay transfer"; "Before July 1, 2014, the realization of the non-gold institutions of the Internet UnionPay card transactions full access to UnionPay."

August 13, UnionPay has begun to take action: the convening of 52 of its agreement with the Third-party payment agencies to participate in the bank card receipts business operation and receipt of a method of interpretation meeting, said trans-corporate transactions should not be sent to bypass UnionPay.

"Silver Lenovo Maur collect a handling fee. said the third party payer. According to the financial data of UnionPay, its main source of income is still the channel cost.

But it's not that simple. "Some Third-party payment bargaining power is too strong, and the bank long negotiations, the banks either choose direct connection after the charges are depressed, or can not do similar Alipay pay, resulting in customer churn." A bank branch of the card department told the newspaper, large third-party payment agencies have a "monopoly" trend.

UnionPay's paper estimates that the main member banks ' payment business on the UnionPay card line costs more than 3 billion yuan a year.

Third party pays "poor"

Our industry is a meager profit industry. "These third party payers provide their industry monitoring data to this newspaper: for the entire industry, the rate of credit card fees charged is 0.6% on average, but the average rate for issuing bank is 0.4%, that is, the third party pays about 30% of the fees, because it doubles as" receipt "and" transfer liquidation "two roles, It is equivalent to the "2" and "1" in the "7:2:1" of the online POS environment.

In the case of debit cards, he said, third parties charged the merchant side with a 0.1%~0.2% rate of 0.1%. "Earn less by paying credit cards." "From their institutions, 80% of the online payment transactions are made by debit cards because of the high rate of debit card usage in large payments."

Judging from the financial situation of the third party, some small and medium organizations are still struggling on the break-even line.

In this case, UnionPay's "involvement" will increase costs.

"There are only two possibilities of rising costs." "The third party said that those who have bargaining power at the merchant side will be able to pass on the cost, which is likely to be passed on to the buyer by the merchant.

In fact, the intention of UnionPay to disconnect the direct connection has been long-standing. On December 19 last year, the UnionPay industry Authority issued a letter on the cooperation between the standard and non-financial payment institutions for UnionPay card business, saying that direct link increased the risk of banking business and undermined the comprehensive income of banks.

Subtly, July 5, the central bank issued the implementation of the new "bank card receipts Business management measures", said that "the receipt agencies to send the transaction information directly to the issuing bank, should be in the card issuing bank compliance with the relevant Bank card clearing institutions agreed to sign a cooperation agreement." This is considered by the industry as the central bank's default direct link.

At this point, UnionPay convened 52 third party payment agencies with which they reached an agreement, saying that trans-corporate transactions should not be routed around UnionPay.

"In 2005, Alipay spent two years to talk about the next 4 banks to cooperate directly, when Ma Yun and UnionPay to talk about, hoping to get UnionPay channel, but UnionPay feel that our market is too small, ignore." "There are Alipay staff recently told the newspaper, he is difficult to accept is," now Alipay 10 years to talk about the nearly 200 banks, UnionPay again to cross a knife.

These Alipay staff in the talk with our correspondent three times stressed that "monopoly will kill the industry." "Why does offline pay for years without innovation, while online payments, mobile payment innovation constantly?" Because the dynamism of an industry is based on openness and competition rather than on unified pricing. ”

UnionPay "Rights protection"

From the point of view of UnionPay, there is another set of calculation mode. UnionPay internal documents said, according to the research in the Pay card on the line, the third party to pay the main member banks to pay the actual fee rate of only about 0.1%, and this newspaper interviewed the card Ministry of the people also corroborated this rate, and said "there are less than 0.1%".

Some bankers say that a growing number of third parties are paying "to form a large share of users to make banks".

And regarding the third party payment institution to the merchant set the rate, has the profession to tell this newspaper, according to its understanding Taobao sellers to pay 0.7%~1.2%. This reporter to the bulk of furniture suppliers, clothing sellers, food sellers and other identity and different monthly trading volume information asked to pay treasure customer service rate, the answer is "open credit card payment after 1%, no discount, but the use of debit card payment is not charged."

Because the rate of each payment institution is classified as trade secret, there is no authoritative data outside. But in the idea of UnionPay, some third-party agencies have both the bargaining power to make it in the middle of the link, and the credit card issuing bank is not enough to cover the cost of its loan funds.

So the model that UnionPay hopes to achieve is: the third party institution is connected to UnionPay, paying the credit card 0.55%, average 0.4% of each business rate; UnionPay connects each card issuing bank, pays 0.3%~0.55% rate, third party pays to merchant end, then "market price".

Another reason why UnionPay requires access is that it is "activist". UnionPay's motion said that third party payments and banks in direct connection with a large number of illegal bank Pay card payment and other business, seriously damaging commercial banks and UnionPay commercial interests and brand equity. UnionPay said that some of the third parties to pay in the direct connection of the same type of change, the use of merchant class code and other irregularities, in the process of business development through the interception of magnetic intercept, the private retention of the cardholder sensitive information, but also the cardholder's account information security is threatened. To this end, UnionPay as a card organization, the lead to promote the non-gold institutions to standardize the development of UnionPay card receipts business, is the inevitable requirement of business risk prevention, but also participate in the financial security and legitimate rights and interests of the important guarantee.

The bill also says that Third-party payments have mastered a large number of customer data through E-commerce and infiltrated the financial sector. "has shaken the bank to the customer the dominant right, has gradually formed the big impact to the traditional banking business". It is from this, UnionPay brought to commercial banks "joint unified action."