Wechat will pay back the credit card, and there will be no free lunch to eat in the future! On July 1, wechat announced that since August 1, 2018, in addition to the platinum and Gold members of Fortune Global and users with fixed transfer of more than 500 yuan from the 'love investment plan', all users of Fortune Global will be charged 0.1% for each credit card repayment, with a minimum of 0.0% .1 yuan.
Wechat explained that there will be a payment channel fee behind each repayment. In order to enable users to enjoy part of the free product experience, Tencent TenPay has been investing in the cost of service fee subsidies. In recent years, with the rapid development of credit card repayment business, the channel handling fee cost is also growing rapidly.
The reason why wechat credit card repayment hasn't been charged to users before is that wechat has been investing in cost subsidies to meet user experience. However, with the increasing number of credit card repayment users and the increase of channel fees, the company is gradually unable to bear it.
However, there are other ways of free repayment for users to choose. After enquiry, Alipay's credit card payment is free of charge. Alipay's computer terminal pays for its own repayment free, and repayment for others requires 0.2% of the handling fee. The bank's App direct repayment does not charge any fees.