Pyeongtaek City to Subsidize Card Transaction Fees for 5,153 Pyeongtaek Sarang Card Merchants

Approximately 123 Million Won to Be Automatically Distributed
to Ease Small Business Owners' Management Burden

Pyeongtaek City in Gyeonggi Province (Mayor Choi Wonyong) announced on September 29 that it will support credit card transaction fees for Pyeongtaek Sarang Card merchant partners in order to ease the management burden of small business owners and vitalize the local economy. The subsidies will be paid sequentially in early October.

Pyeongtaek City Hall view. Provided by Pyeongtaek City

This project is an independent policy by Pyeongtaek City to support small business owners, targeting Pyeongtaek Sarang Card merchants with annual sales of 1.5 billion won or less in the previous year. The scope of support covers card transaction fees incurred from January to June of this year for payments made with the Pyeongtaek Sarang Card.

The support will be provided to a total of 5,153 merchants, amounting to approximately 123 million won. Depending on the merchant's sales volume, the city will reimburse 10% to a maximum of 30% of the card transaction fees, with a cap of 500,000 won per merchant. However, if the calculated support amount is less than 5,000 won, the merchant will be excluded from the payout.

Notably, there is no application process required for this support, as it is provided automatically for the convenience of small business owners. The subsidy will be directly deposited into each merchant's existing payment account in early October.

Following this support for the first half of the year, Pyeongtaek City plans to continue providing card fee subsidies to Pyeongtaek Sarang Card merchants at the end of the year as well, thereby maintaining its ongoing management support policies for local small businesses.

Mayor Choi Wonyong emphasized, "The Pyeongtaek Sarang Card serves as an essential link connecting local consumption to increased sales for small business owners and revitalization of the local economy. We will make multifaceted efforts so that small business owners can truly benefit on the ground, including reducing the burden of transaction fees during the payment process."

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