According to some banks and acquiring institutions today (July 1st), after various domestic banks, payment institutions, etc. launched various measures to improve the convenience of overseas visitors' payments to China, international card organizations have steadily promoted credit card fee preferential policies, and the foreign card transaction fees have recently decreased significantly. On June 15th, Visa and Mastercard completed fee reduction system transformation work in mainland China. Currently, domestic acquiring institutions have lowered the offline credit card transaction fees of merchants, except for specific industries, based on the fee reduction notices issued by Visa and Mastercard. Acquiring institutions have basically completed the fee reduction work by the end of June, including merchant fee rate system transformation, merchant notification, and agreement replacement, etc. (CCTV news).
国际卡刷卡优惠工作稳步推进，外卡交易手续费已明显下降
International credit card discounts are steadily advancing, and transaction fees for foreign card transactions have significantly decreased.
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