Rakuten Smartpay lowers its transaction fee

Wed, Jun 19, 2013: Rakuten Inc. has decided to lower the transaction fee for the Rakuten Smartpay service. Effective from 18 June 2013, small and medium sized businesses can accept credit card transactions on smartphones and tablets via Rakuten Smartpat with a transaction fee of 3.24 per cent.

In an effort to encourage more business owners to adopt Rakuten Smartpay, Rakuten agreed to waive the initial fee of 2,980 yen for setting up the service if users open and designate a Rakuten Bank account for payments and process a transaction of 1,000 yen or more. Meanwhile, Rakuten will run a campaign offering double the usual amount of Rakuten Super Points (2 points per 100 yen spent) to customers making purchases with a Rakuten Card at Rakuten Smartpay affiliates from June 26 to the end of July.

Author: VSDaily Editor

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