How to Calculate Credit Card Chargebacks

Specific Calculation Formula: Credit Card Service Fee = Card Rate x Credit Card Amount

1. Credit card chargebacks are usually paid by merchants to banks and third-party organizations, i.e., they are deducted from the cardholder's card amount, and the rest is the actual amount received by the merchant. Some merchants will refuse to swipe a card unless the cardholder voluntarily bears the fee, so it is also important to understand the rates and algorithms for swiping fees.

2. The general credit card service fee is determined by the POS card rate and the card amount. The rates for traditional card swiping and flash payment are different. If you swipe your card in the traditional way, such as inserting the card directly at the POS, the standard rate is 0.6%; for flash payment, 0.38% for less than 1,000 and 0.6% for more than 1,000.

1. After stores accept customers' card swipes, they need to pay 2-3% handling fee to banks and credit card centers. The central bank issued the "Notice of the People's Bank of China on the Implementation of the Adjustment of Bank Card Handling Fee Standards" in November 2012, stating that the reduction of the handling fee only involves the domestic bank card consumption transactions.The merchant card handling fee regulations implemented in 2003 have been repealed since February 25, 2013 at the same time, and the overall reduction of card fee rates ranges from 23% to 24%.

2. After accepting a customer's card, the specialty store has to pay a 2-3% handling fee to the bank and credit card center. Some vendors will ask cardholders to pay an extra handling fee to save costs, as card swipes must be invoiced so that stores can't evade taxes.

3. According to the current revenue distribution method for bank card interbank transactions of China UnionPay networked institutions, the settlement handling fees for bank card acquiring business are all borne by merchants, but the rates implemented in different industries are different, with the rate standard ranging from 0.5% to 4%. Generally speaking, the card swipe fee rate is 0.8%-1% for the retail industry, 0.5% for supermarkets, and 2% for the catering industry.

4. In November 2012, the central bank issued the "People's Bank of China on the effective adjustment and implementation of bank card swipe service fee standard notice", saying that the fee reduction only involves the domestic bank card consumption transactions, the relevant provisions of the merchant card swipe service fee implemented in 2003 since February 25, 2013 at the same time canceled the swipe rate of the overall decline of 23% to 24%.

5, the central bank notice shown in the annex to the bank card handling fee standards, to maintain the current card handling fee industry differentiated pricing. The industry is categorized into four main categories: food and beverage and entertainment, general, livelihood and public welfare. The overall rate of reduction is 23% to 24%, of which the rate of reduction in food and beverage entertainment is 37.5%.

6. The first category is restaurant and entertainment, including catering, entertainment, jewelry, handicrafts, real estate and auto sales. The composite rate was reduced from 2% to 1.25%, a decrease of 37.5%. Among them, the card issuer service fee of 0.9%, bank card clearing agency network service fee of 0.13%, the base price of the acquiring service fee (can be up and down 10%) 0.22%, real estate and auto sales unit price from the original 10 yuan to 80 yuan.

7, the second category for the general category, including department stores, wholesale, social training, intermediary services, travel agencies, scenic area tickets, etc., the integrated rate was reduced to 0.78%, of which the issuer service fee is 0.55%, the bank card clearing agency network service fee 0.08%, the base price of the acquiring service fee (which can be up and down by 10%) 0.15%, the cap of the wholesale category of 26 yuan.

8, the third category is the livelihood category, mainly including supermarkets, hypermarkets, water, electricity and gas payment, gas, transportation tickets, etc., the overall rate of 0.38%. The fourth category is zero-rate hospitals, education and other public welfare categories.

How to calculate the credit card 8 points

The credit card 8 points algorithm is as follows

The credit card 5,000 charge 8 points is 50,000.08 = 400 yuan. There is no charge for credit cards, those that charge are fraudsters, fooling around with fake cards or taking personal credit card information to steal money, don't believe it.

Credit cards, also known as credit cards, are proof of credit issued by commercial banks or credit card companies to credit-qualified consumers. It takes the form of a card with the name of the issuing bank, expiration date, number and name of the cardholder printed on the front and a magnetic strip and signature strip on the back.

How to calculate credit card fees

The standard rate of 0.6% is charged for direct credit card swipes on POS machines, and the rate for third-party POS machines will be higher, and there will also be a single-stroke service fee, which is based on a rate standard regardless of how many swipes are made.

1. Credit card fees vary. Credit card processing fees are usually borne by the merchant, but can sometimes be relatively large. The fee is deducted from the consumer's credit card amount. The rest is the amount that the merchant actually arrives at, and some merchants are reluctant to let consumers use their credit cards. This is because if the user wants to use the credit card, they have to bear the cost. Credit cards have two main functions, one is to make purchases and the other is to withdraw cash, and different fees are incurred in different situations. If a cardholder spends $10,000 directly on a credit card, the cardholder is not charged a service fee.

2. As long as the user pays on time within the specified repayment period, the cardholder can enjoy an interest-free period without paying any interest or service charge. If the cardholder is unable to repay the full amount within the specified time, in order to avoid paying by installment, the user may choose to process the installment or repay the specified minimum amount. Installment payments are subject to a handling fee which varies according to the cut-off fee. If the user chooses to make a minimum payment, interest is charged at a daily rate of 0.05% and the minimum payment is compounded monthly until the cardholder pays the balance in full.

3. Credit card minimum payment = spending within credit limit x 10% cash advance transactions x 100% unpaid portion of last minimum payment x 100% spending outside credit limit x 100% all fees and interest x 100%. If a cardholder withdraws cash using a credit card, a fee is charged based on a percentage of the amount withdrawn. Different banks charge different commissions, such as China Everbright Bank, Agricultural Bank of China, Bank of Communications, etc., which charge 2.5% of the withdrawal fee, which is usually 1%-3% of the withdrawal amount, i.e. 10,000 RMB. The commission is about 100-300 yuan.

:In addition to the commission, there is also a daily interest charge of five-tenths of one percent. Although the cardholder in the specified repayment period to use credit card spending credit card, do not need to pay fees, but the bank will charge the merchant, different types of merchants charge credit card fees, if the general merchants use credit card spending credit card, the rate is usually 0.6%, that is to say, with a credit card card spending 10,000 yuan, so the bank can be charged to the merchant 60 yuan commission, the specifics of the proposed The bank will be able to charge the merchant $60 for the purchase of 10,000 yuan.

How to calculate the credit card processing fee?

Now many people in the daily life of the credit card consumption, and credit card is a credit card processing fee, although generally by the merchant to bear, but the cardholder is also best to understand how this fee is calculated. So, how do you calculate the credit card processing fee? How much is the handling fee for 10,000? The first thing you need to do is to get your hands dirty.

How does the credit card processing fee work?

The credit card processing fee is usually paid by the merchant to the bank and the third-party organization, that is, deducted from the amount of the cardholder's credit card, and the rest of the merchant's actual amount. Some merchants will refuse to accept a credit card unless the cardholder voluntarily pays the fee, so it's also necessary to know the fee schedule and algorithm.

General credit card processing fees are determined by the POS rate and the amount of money charged. The rates are different for traditional credit card swipes and flash card swipes. If it is a traditional way to swipe the card, such as directly in the POS machine to insert the card, swipe the card, according to the standard rate; flash payment swipe card, within 1000 more than 1000 according to the charge.

Specific formula: credit card processing fee = credit card rate × amount of the card

How much processing fee is deducted from 10,000?

If you swipe a card for 10,000, you will need at least 60 yuan in handling fees for swiping the card in the traditional way, i.e., 10,000 x yuan.

By flash card, direct brush 10,000 also according to the standard rate, the same at least 60 yuan to pay the handling fee, if more than one small amount of less than 1,000 yuan, i.e., brush 10 times 1,000 yuan, then as long as 38 yuan of the handling fee on the line.

The above is "how to calculate the credit card processing fee? The first thing you need to know is how much money you have to pay for the purchase of a new car, and how much you have to pay for the purchase of a new car.

How do you calculate credit card fees?

The credit card processing fee is paid by the merchant to the UnionPay 1%-2.5% of the processing fee, do not need to be borne by the individual. It is a violation of the law for merchants to require consumers to pay the fees themselves. If a merchant asks a consumer to pay the fee, the consumer can refuse and file a complaint with the UnionPay customer service center.

If a POS merchant deducts the UnionPay card transaction fee for each transaction, the general supermarket merchant deducts 0.38%, the general merchant deducts 0.78%, the jewelry, food and entertainment merchant deducts 1.25%, and the wholesale market merchant deducts 0.78% up to a maximum of 26 yuan capped fee, without distinguishing between credit cards and debit cards, all the same standard. The same standard is applied to both credit and debit cards.

Expanded Information:

Precautions for credit card use:

Don't be too early: try not to swipe your card before 9 a.m., because as a matter of common sense, most of the stores aren't open yet.

Don't be too late: try not to swipe your card after 11 p.m. because, as a general rule, most stores are already closed, and online transactions are not affected by time.

Don't brush the whole number: don't brush 10,000, 5,000 and other whole numbers, try to brush each time the card is recommended without a decimal point, and the amount of the card should not be repeated, and not regular.