Originally Posted by
Bbcei
I'm really curious about Tencent's decision to absorb the interchange fee for transactions under 200. What does Tencent get out of it? With a 60,000 annual transaction limit, and assuming a 2% interchange fee, Tencent could lose 1200 per customer.
Has anyone tried charging a transaction over 200RMB using a foreign credit card yet? Curious to know if the 3% transaction fee that's incurred is correctly coded and gets waived by cards like Chase Sapphire Reserve.