Kakao Pay Waives Payment Fees for New Merchants... "Supporting Small Businesses"

Fee Waivers for Newly Onboarded Small and Medium-Sized Offline Merchants
Exemption Until Year-End, Plus Marketing Support

Kakao Pay announced that it will fully waive Kakao Pay Money payment fees for newly registered small and medium-sized merchants at its offline payment affiliate stores until the end of the year.

From May 18 to June 30, newly affiliated merchants with annual sales of 500 million won or less who complete their application and review will be eligible for this benefit. The waiver applies to barcode and QR payment fees for Kakao Pay Money. Payment transactions made through Kakao Pay Money account for approximately 61% of the company’s total payment volume, so the fee exemption is expected to have a significant impact.

Additionally, merchants whose first Kakao Pay payment occurs after affiliation will receive an extra marketing package called the ‘Owner’s Success Kit’. This support policy is designed to assist store marketing by encouraging visits and repeat visits from potential local customers in nearby neighborhoods.

A payment kit that can be used without complicated or expensive systems such as terminals or barcode scanners will also be provided free of charge.

A Kakao Pay official stated, “Our goal is to become a partner that alleviates the management burden of small business owners facing a period of high inflation and high oil prices, and connects them to loyal customers without additional costs or complicated steps. We will create a payment ecosystem that benefits everyone, providing value to both users and merchants.”

This content was produced with the assistance of AI translation services.