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Foreign card transaction fees have decreased. Multiple banks have followed up

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According to the WeChat official account of the Financial Times, according to the relevant person in the payment industry, the domestic acquirer has reduced the service charges for offline card transactions of foreign households in some specific industries according to the notice of fee reduction issued by Visa and MasterCard. The acquirer has basically completed the work of fee reduction at the end of June, including the transformation of the merchant rate system, merchant notification, agreement replacement and other work. Later, it will make good use of this service charge policy dividend, further strengthen the construction of foreign card acquiring scenarios, and effectively serve the payment convenience of overseas visitors to China. At present, multiple banks have announced that they will actively follow up and adjust the acquiring fee rates of corresponding merchants, and transfer the card organization's benefits to merchants without any difference.
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