PayPay Corporation, a joint venture company of SoftBank Corp. and Yahoo Japan Corporation makes a fee necessary for depositing sales proceeds from merchants into financial institutions except JNB free of charge until September 30, 2020. The period in which the fee for depositing money into financial institutions except JNB will be extended to until June 30, 2020 (*1), in line with the period of the “Cashless Consumer Return Business” promoted by the Ministry of Economy, Trade and Industry (METI). Note that JNB will continue to be available free of charge.
In addition, with respect to merchants that set JNB as a deposit destination, money is supposed to be deposited on the day following a sales date only if an accumulated sales amount is 10,000 yen or more. However, from October 1, 2019, money will be automatically deposited on the day following a sales date, regardless of an accumulated sales amount. Note that a fee for depositing money in this case is also free of charge.
* From July 1, 2020, a fee for depositing money to financial institions other than JNB will be 105 yen (tax included).
For more details, please see the website below for merchants.
Not that JNB will carry out a campaign for merchants from May 15, 2019. For more details, please see the website of JNB below from May 15.
PayPay Corporation will continue to provide the convenience of smartphone payments to all retailers, service providers and users, and strive to operate services in which customers can use with a feeling of security with an aim to create a society where they can do cashless shopping anywhere in Japan.
*Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.
