Cardholders do not have to pay any fees for credit card purchases; merchants global payments card processing fees may have to pay a fee. However, there are different fees for different types of merchants, which fall into three main categories.
Standard category: such as restaurants, entertainment, hotels, etc., the processing rate is 0.6% ;
2. Preferential category: such as supermarkets, gas stations, etc. The handling fee rate is 0.38%;
3. Public welfare category: such as non-profit corporate charity organizations, schools, hospital management, etc., the handling fee rate is 0.
After the customer swipes the card, the transaction will be included in the bill when it goes up. As long as the customer is able to pay in full by (and including) the payment date, they will be entitled to an interest-free period with no interest.
Of course, if the customer does not pay the bill in full within the required repayment cycle, a revolving interest rate will be incurred, charged at a daily rate of 5/10,000 from the date the transaction is recorded.
Late payments occur naturally. If the customer chooses to split the bill, a splitting fee will be charged.