Rakuten lowers transaction fee for Smartpay credit card transaction service

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Rakuten Inc has lowered the transaction fee of the Rakuten Smartpay service for credit card transactions on smartphones, tablets and other mobile devices to 3.24%.

Rakuten Smartpay is a credit card transaction service for use on smartphones that was started on December 6, 2012. Rakuten said it lowered the transaction fee in order to make the service even easier to introduce for small- to medium-sized businesses owners.

Rakuten is also running a campaign until the end of July that will effectively refund the initial fee (normally 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.