Gyeongju City Requires Registration of 'Gyeongju Pay' Merchants for Use... Mandatory Under the 'Gift Certificate Act'

Gyeongju City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] The Gyeongju Love Gift Certificate, 'Gyeongju Pay,' will enforce mandatory merchant registration starting July 1.

Until now, Gyeongju Pay allowed payments at establishments with card terminals without merchant registration, except for certain restricted sectors such as entertainment venues, gambling-related businesses, department stores, large supermarkets, corporate supermarkets, headquarters-operated franchise stores, online e-commerce, corporate-operated gas stations, and transportation.

However, from July 1, merchant registration will be mandatory in accordance with the "Act on the Promotion of Local Love Gift Certificates."

Applications can be submitted online or offline until June 30, and the required documents are simply the Gyeongju Love Gift Certificate Merchant Registration Application and a copy of the business registration certificate, making registration easy.

Gyeongju Pay offers users cashback benefits of 6?10% at payment, 30?40% income deduction, and provides small business owners with various benefits such as reduced card fees and increased sales.

A Gyeongju city official stated, "According to the law, establishments that have not applied for merchant registration cannot use Gyeongju Pay, so we ask all interested businesses to apply within the period without omission."

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