Friday 6 December 2013

Update On Union Pay Credit Cards

Union Pay is the preferred credit card used by Chinese tourists. An official from the Commonwealth Bank has advised us that most of their mobile EFTPOS machines should have been updated to accept Union Pay by now.
A word of warning – the Commonwealth Bank’s charge rate for Union Pay is 2.6%. That is a significant impost compared with the standard 1% charge rate and may influence your ability to bargain with Union Pay card users.