My Persian Explanations of the central bank about charging fees from card purchase transactions
According to the report of Iran Economist, some audiences of Fars in a campaign titled “Cancel charging fees for card purchase transactionsThey demanded the relevant authorities to respond.
The audience wrote in this survey: “In the difficult economic conditions, when the government should support small businesses, which are generally people from this class, instead of incentive plans for entrepreneurship, we are suddenly witnessing the announcement of an irrational plan of “card transaction fees” under the pretext of improving the infrastructure; What is the need of this plan in this economic situation where small businesses can pay the price of running the shop with difficulty? This plan will cause discontent among the public, and over time, most of the businesses will collect card reader machines and buy and sell only with banknotes, which will cause complications. .
This campaign has received 112 signatures so far.
* The bank fee system has not changed in the last 10 years
In this regard, the Fars reporter followed up the issue from the Central Bank; According to the public relations announcement of the central bank, the current fee system in the last 10 years, despite the significant increase in costs and the inflation rate, has been stable and without any increase in price, while electronic banking services and their speed and accuracy have increased significantly. has been
According to the announcement of the central bank, what is considered as the payment system in our country has expanded rapidly over the past years and its volume has increased surprisingly, so that the number of Shatab transactions in just one day on March 27, 1401. It registered a record of 305 million numbers, and also on the same day, 209 million Shoprekey purchase transactions (including store card readers, online shopping portals, etc.) were recorded. Another point in this regard is that these transactions are carried out with 99.99% accuracy and accuracy.
* Collecting fees according to global standards
In all countries of the world, charging a fee for providing a service is an accepted principle, and service recipients are required to provide a fee for the services received. In the international payment network such as Mastercard and Visacard, a percentage is charged as a fee from the acceptor or store for card purchases. For example, in a $1,200 card purchase transaction, $39 is paid as a fee.
* The payment of the fee is for receiving the service
What is considered as a fee is in exchange for receiving a service that business owners benefit from.
Today’s business is tied to the electronic payment industry, and anywhere from stores and commercial centers and markets in big cities to small businesses in remote areas, they can easily access payment services and make their sales using card readers.
In fact, by using this technology, businesses can easily transfer their funds and not be delayed.
On the other hand, in our country, all the people who receive banking services also pay their fees. Currently, all users of electronic banking services, including money transfer services (including all card-to-card, Paya, Satna, and Paul) services, pay the fees for these services.
Only the owners of the card reader devices were the ones who used the valuable service while they did not contribute even a little to the payment network costs.
* The accepting bank bears the highest share in the payment of fees for card purchase transactions
Based on the new guidelines of the fee system, which is set with the aim of establishing balance and proportionality between the services received and bearing the costs of expansion and stability of the electronic payment network infrastructure, for each of the departments involved in the circle of card purchase transactions, such as the issuing bank, the accepting and accepting bank or A share is considered as a fee for the store that benefits from this service.
According to the new guidelines of the fee system, the receiving bank pays 5/10,000 of the amount of each transaction as a fee. The receiver or the store also pays a fixed amount of 120 tomans for transactions under 600 thousand tomans and 2/10 thousand of the transaction amount for higher amounts.
As can be seen, according to the reforms, the receiving bank has the highest share in paying the fees for card purchase transactions. The issuing bank also pays a fixed amount of 240 Rials for each transaction. Also, according to the new guidelines, the cardholder (customer) will not be charged a fee for buying a card.
* 65% of acceptors will pay less than 2 thousand Tomans per day
According to the timetable for the implementation of the circular for reforming the fee system, this circular will be implemented in stages, and transactions with high amounts will be implemented in priority.
Based on the new model of the fee system, the amount of 600 thousand Tomans is considered as the limit of micro transaction and a fee of 120 Tomans has been proposed for that. Transactions above this amount also have a share equal to 2/10,000 to pay the fee, and in this context, a ceiling of 4,000 Tomans is considered. In fact, higher transactions pay a percentage of the transaction amount as a fee.
In this regard, it is necessary to explain that by examining the transactions carried out in 1401, 65% of the acceptors will pay less than 2 thousand Tomans per day, and also 40% of the acceptors will pay less than one thousand Tomans per day.
With this consideration, we will witness a fair distribution in the payment of fees, and businesses with less transactions will have a lower share, and businesses with higher transactions, which naturally have more profit from their exchanges, will have a higher share of the fee payment.
* Problems of the payment network with the previous model of the fee system
In response to this demand, the Central Bank stated: The current fee system has been stable in the last 10 years, despite the increase in costs and the inflation rate, without any increase in price, therefore, the network and companies active in this field have become worn out in these years. It is almost impossible to invest in tools and infrastructure and the aging fleet of payment network equipment.
The fee system in our country is different from the experience of other countries and providing service without receiving a fee caused problems. The formation of unhealthy and destructive competition in the business environment of payment companies and even many banks is one of these cases. Due to the fact that until now the number of transactions, not necessarily the amount and turnover, has been the criterion and level of profitability for payment companies, therefore, many guilds and major business owners who have had transactions with high amounts but with a small number, have always been These companies have been under pressure to increase the number of transactions even with small and sometimes nominal amounts. The problem of formal transactions imposes a lot on the payment network and makes information processing difficult.
* The reform of the fee system is phased
Public Relations of the Central Bank announced: According to the timetable for the implementation of this circular, the reform of the acceptors’ fee system will be implemented in stages, and transactions with high amounts will be implemented in priority. Also, until further notice, the acceptors of some trades, such as bakeries, supermarkets, fuel stations, etc., are exempted from paying fees, and the share of these trades will still be paid by the accepting bank.
The benefits obtained from the fees are spent on the renovation of infrastructure and network equipment so that the services provided continue and new lighting is available to the people. Also, with the implementation of these reforms, the failure of transactions and the occurrence of unsuccessful transactions, the formation of unhealthy and destructive competition in the business environment of payment companies, and the occurrence of violations such as fake transactions will be prevented.
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