Originally Posted by
nick5000
I have a Hong Kong unionpay card (from HSBC). About 50% of merchants in China doesn't accept it. They say they don't accept foreign cards. Maybe that's not the correct reason, but that's what they're saying.
I wonder if this card will have the same issue.
I heard that in China some acquirers charge merchants about 2% fee for accepting foreign issued CUP cards , while domestic cards are only 0.45% debit/0.55% credit. That may explains why some merchants don't want to accept such cards.
Fortunately, I haven't encounter this issue with my foreign CUP cards in most merchants.