Recently, there seems to be a heated discussion that Alipay WeChat personal payment code cannot be commercialized after 1 in March this year. In particular, some small vendors use personal payment codes. Many people are asking what the payment code rate of WeChat merchants means. Below, I will introduce you to the meaning of the payment code rate of WeChat merchants. Interested friends come and have a look.

What does the WeChat merchant payment code rate mean?

Generally speaking, different industries charge different fees. Take the retail industry as an example. Because there are many transactions and the profits are relatively low, the fees charged by Alipay and WeChat are generally around 0.38%. In other words, the merchant needs to pay 3.8 yuan as a handling fee for collecting 1000 yuan. In general industries, such as catering, leisure, entertainment and commerce, the handling fee is generally around 0.6%. If consumers use flower beds or credit cards, they will be charged a handling fee of 0.8%, which is the rate for WeChat merchants to collect codes.

The above is the introduction of what the payment code rate of WeChat merchants means, and I hope it will help everyone.