Credit card will deduct the service fee of WeChat merchants. After accepting customers' credit cards, stores have to pay 2% to 3% handling fees to banks and credit card centers. It's called a credit card fee.

According to the current Measures for Income Distribution of Bank Card Interbank Transactions of China UnionPay Network Access Institutions, all settlement fees of bank card acquiring business are borne by merchants, but the rates implemented by different industries are different, ranging from 0.5% to 4%. Generally speaking, the charge standard of credit card in retail industry is 0.8%- 1%, supermarket is 0.5%, and catering industry is 2%.

Extended data

How to calculate the charge for credit card swiping?

The handling fee for credit card swiping is borne by merchants, and the rates implemented by different industries are different, ranging from 0.5% to 4%.

Generally, the discount rate of the first type of merchants, including catering, hotels, entertainment, jewelry and gold ornaments, arts and crafts, is 2%-2.5%.

The second type of merchants, including real estate, automobile sales and wholesale, generally have a discount rate of 1%, and can apply for a single-comparison transaction cap.

The third type of merchants, including air tickets, refueling and supermarkets, generally enjoy a preferential margin of 0.5%- 1%.

The fourth type of merchants, including public hospitals and public schools, generally have different discount rates in different regions.

The general discount rate for the fifth category of merchants including general categories is 1%-3%.

References:

Baidu encyclopedia-credit card handling fee