The bank card processing fee rate is implemented by the differential rate system. In order to avoid paying excessive card processing fees, some merchants often sneak in the types of merchants to avoid paying high-cost credit card processing fees. This situation is called in the industry. As a "set of code", the market is very much vocal about the reform of the credit card rate. A few days ago, the National Development and Reform Commission issued the "Preliminary Opinions on Improving the Pricing Mechanism for Bank Cards and Fees (Consultation Draft)", which reduced the credit card rate (excluding the bill of lading service fee) of restaurants and entertainment businesses from 1.03% to 0.63%. The decline was 40%. Analysts pointed out that lowering the rate can make some changes in the offline payment market, but the remaining problems such as POS "sets" have not been fundamentally resolved. National Development and Reform Commission adjusts bank card credit rate The National Development and Reform Commission recently issued the "Preliminary Opinions on Improving the Pricing Mechanism for Bank Card Credit Cards (Draft for Comment)" (hereinafter referred to as "Draft for Comment"). The focus of the reform of the "Opinion Draft" is to cancel the category of restaurants and entertainment businesses, but The credit card industry classification has not been cancelled directly. The current three types of merchants will be simplified into two categories, the category of restaurants and entertainment will be cancelled, and restaurants, hotels, entertainment, and jewelry merchants will be merged into the “general categoryâ€. In short, it is to reduce the credit card rate (excluding the bill of lading service fee) of the restaurant and entertainment merchants from 1.03% to 0.63%, a drop of about 39%. The current bank card credit card fee standard is mainly based on the Notice on Optimizing and Adjusting the Bank Card Credit Card Fees issued by the National Development and Reform Commission on January 21, 2013, and the highest level of food and entertainment (including restaurants and hotels) , entertainment, etc.) The handling rate is 1.25%; the general category (including department stores, wholesale, etc.) is 0.78%; the people's livelihood (including supermarkets, large warehouse stores, etc.) is 0.38%. Since the previous processing rates of catering and Minsheng supermarkets differ by nearly one basis point, many acquirers will provide lower-cost "MCC codes" (ie, merchant category codes) for merchants in the high-rate industry. The name of the merchant on the cardholder's bill is inconsistent with the actual merchant. This is the so-called "set" phenomenon. Mr. Zhang, a citizen of the public, found out that he had a purchase record in a large supermarket when he checked the details of his credit card, but he had never been to these places during this time. When he suspected that the credit card was stolen, Mr. Zhang also found that the amount of each credit card of the consumption details can be matched, and the total amount is not much, but only a few merchants are inconsistent with the actual consumption. After the explanation of the credit card customer service, Mr. Zhang later understood that this was the so-called “set of code†behavior of the merchant. POS "set of code" chaotic Due to the lack of supervision, POS "sets" behavior is very rampant. According to the statistics of UnionPay, in 2014, there were up to 1.6 million non-standard merchant names, including “sets†or special billing violations. In the first half of 2014 alone, more than 180,000 merchants were found to have violated the “sets of codesâ€, accounting for 40% of all illegal merchants. Especially in the catering service industry, the problem that the POS machine purchase order information is completely inconsistent with the business license of the merchant is more prominent. The industry believes that the direct cause of the "set of code" is the differential rate system for bank card swiping, especially the catering industry has always had a high rate, so many catering merchants handle a pos machine in other industries in order to reduce costs. Beijing Business Daily reporter has repeatedly reported the confusing situation of the POS machine market. Compared with commercial bank POS distribution, third-party payment companies generally have POS machine deployment outsourcing, and POS agent sales are rampant. Due to the price difference of handling fees between different merchants and different transaction types, a large number of "sets of code" and "set of channels" transactions were caused. During the investigation, Beijing Business Daily reporter found that many POS machine agents claimed that they only need the applicant to provide personal ID card, mobile phone number and bank card account to apply for POS, whether you are a merchant or not, regardless of the merchant type and POS. Whether the machine category is consistent. "To achieve the 'set of code' situation, you only need to virtualize one business license business scope." A POS machine agency personnel bluntly told the Beijing Business Daily reporter. Another POS machine agent told the Beijing Business Daily reporter, "In the process of selling POS machines, it will not consider what kind of customers, and finally the rate of customers swiping cards is determined by the channel, so there will be set-up behavior. ". The deduction rate of general POS machines ranges from 0.6% to 1.25%. Agents can divide the commission to about 0.25%. The greater the amount of credit card, the more achievements. “The lottery is often not the merchant’s own fraud, but the dealers, third-party payment companies in order to save their own expenses or increase their profit share,†an industry source said. A third-party payer believes that “the revenue model of POS dealers is similar to converting retail to wholesaleâ€. He believes that third-party payment agencies can indeed provide merchants with lower rates, and then use the economies of scale to earn a certain price difference. The industry expects to cancel the classification pricing is not realized Reducing the fee for catering card swiping can make a certain improvement in the offline payment market, but the remaining problems such as POS "sets" have not been fundamentally resolved. The industry has been hoping to cancel the classification pricing to solve the "set of code" chaos in the current market. However, this reform only reduced the rate and still failed to cancel the industry classification. “There is a arbitrage space for the difference,†said a third-party payer. He believes that "in accordance with common sense, in general, the final reform version is difficult to make large changes, which to some extent indicates that the POS rate reform will not achieve one-off lending and separate rates. 'This means that the chaos in the bank card acquiring industry continues. On the basis that the supervision has not been fully implemented, the situation of the package and the rate will spread widely." According to the analysts of Yinzhou.com, such a business classification seems to be reasonable and reasonable according to the high and low rate of return of each industry. In fact, there are loopholes. Because in the actual operation, as long as you do some hands and feet in the business classification, it is easy to achieve the mismatch between high-yield merchants and low fees, and the above behaviors are more difficult to supervise. Therefore, this pricing mechanism has to some extent breeds violations and illegal acts such as merchants' credit card cashing. However, some analysts also said that considering the elimination of classified pricing, there is a dilemma in the allocation of fees and charges, and the low level of integration will have a greater impact on the revenue of the relevant operating agencies; if it is high or in the middle, it means lowering the catering, At the same time as the cost of real estate and automobile sales, the fees for the people's livelihood merchants have increased, and the public may be equally unacceptable. The above-mentioned joint-stock bankers believe that the flat rate will indeed hurt some merchants' interests. Before the unified rate is implemented, UnionPay should increase the penalties for POS violations. The liquidation of the clearing market will bring benefits to merchants In addition to POS card swiping transactions, at present, "online transactions" such as two-dimensional code payment are increasingly favored by merchants and consumers, and this payment method also avoids the clearing service fee. To this end, the "Opinion Draft" proposes that it does not distinguish between "online and offline" trading channels, and uniformly releases the invoicing service fee, while the network service fee incurred during the liquidation through the bank card such as China UnionPay, the issuing bank service fee, etc. Continue to implement government pricing, and implement market adjustments through related expenses incurred in transactions through other channels. The market is more concerned about whether the regulatory layer will release the instalment service fee, will it trigger the industry price war? The industry believes that the current visionary acquiring institutions are to win the market with services and risk control. These services also bring benefits to the acquiring institutions. It is not impossible for the acquiring institutions to achieve zero charges. It is worth mentioning that from June 1st, the Bank of China's bank clearing market was officially opened, and China UnionPay's more than ten years of monopoly era officially ended. Prior to this, major third-party payment institutions 觊觎 clearing the market, looking forward to the opening of the liquidation market. "The liquidation of the liquidation market will introduce competition, which is expected to improve service efficiency, reduce the cost of credit card, and bring benefits to merchants." A payment industry expert analyzed. Glass Bottle,Glass Double Wall Bottle,Glass Tea Bottle,Glass Bottle With Silicone Cover Ningbo Auland International Co.,Ltd. , https://www.eversportsbottle.com
According to the requirements of the National Development and Reform Commission, the credit card processing fee is divided into 7:1:2 for the issuing bank, clearing house and acquiring institution. The service fee of the acquiring institution can be 10% floating above and below the standard.
It is still difficult to remove the POS "set code" chaos