Forward payment of sales proceeds Settlement business support for cash flow April 30 6:17
An increasing number of restaurants are struggling to raise funds due to the spread of the new coronavirus. For this reason, payment providers are beginning to move forward the transfer of sales to free stores that have introduced cashless payment.
The use of cashless payments is spreading due to the government's support, but in the case of credit card payments, many contracts take 15 to 30 days before the sales amount is transferred to the store side, such as restaurants. It has been pointed out that it is a factor that puts pressure on cash flow.
For this reason, LINEPay, which is a payment method for smartphones, makes the transfer of sales proceeds, which normally takes up to two months or less, free of charge to the store by the end of June as early as that day.
Originally, a fee of 250 yen per time is required, but the number of uses after making it free is about 1.5 times the usual number.
In addition, some credit card companies, such as Mitsubishi UFJ Nikos and AEON Card's AEON Financial Service, are also considering individually responding to requests from member stores regarding the advancement of the transfer of sales.