Financial authorities, credit card companies - the maximum limit of 2% commission merchant point

[Korea before lower cervical financial newspaper reporter] promote financial authorities cut by 2% up to 5% commission on the cost of the levy to the point in the franchise contract between the issuer and the merchant point. In the meantime, it is to throw points related to contracts entered into between credit card companies and merchants to ease the cost burden for merchants.

Financial authorities 20 days '3rd 20 people experience financial practices reforms' announced the plans, the card in the direction of improving the rights and interests of small, medium-sized franchise company announced that it would improve business practices points.

Meanwhile, the credit card merchant and card Sagan was a dispute arose numerous points franchising agreements. Previously, when the payment card members at the point ~ 0.02 merchant customers to earn points at the expense borne by merchants line up to 5% was achieved. However, credit card companies are in many cases do not notice describes the obligation for the overall business activities related to merchant point as recruitment, contract renewal, costs properly.

This financial authority is planning to update and strengthen the physician at the time of renewal verification to the merchant agreement specifically described and explained in the contract to receive the benefits provided by the merchants.

Self-induced reduction of the point extinction point and commissions is planned to be improved to take advantage of benefits such as the merchant to marketing costs or return fees to the merchant Go back to the merchant.



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