Benefits for EZL Card Membership

Considerable saving: time and cost for managing cash

• No need of cash trade, credit car slip, deposit/withdrawal of sales and cost
• We deposit your trade amount of EZL Card in a designated back account on the next day
• You can save labor, time and cost for managing cash

Secure the base for sales maximization

• Once joining the membership, 1.5 million EZL Card holders become your customers.
• We make a persistent effort to increase your sales through PR and advertising through EZL homepage, events, and such.

Reasonable franchise fee and operation cost

• Cheaper than existing credit cards so that you get more profits.

• Transportation Fee

  1.5% ~ 2.4%

• Distribution Fee

  2.0% ~ 9.0%

• Online Membership Fee

  Negotiable

distribution franchise fee (including VAT)

VAT Refund for Electronic Currency Transaction

• Deduction benefit from VAT tax of electronic currency payment (2 of Article 32, Value-Added Tax Act)
• 2% of payment amount (upper limit: 5 million won) will be deducted from tax amount due or refund for paid tax.

Compliance Details of Member Stores

• A member store shall not reject to provide goods and/or services to or put a customer in a disadvantageous circumstance for the reason he or she use a means of ‘prepaid electronic payment or electronic currency’ (“electronic currency and etc.” hereinafter) such as Mybi Card, Hanaro Card, and/or EZL Card.
• A member store shall not charge a customer membership fee.
  ① Act of faking transaction through electronic currency without actually providing goods and/or services
  ② Act of exceeding transaction over actual sales amount through electronic currency
  ③ Act of transaction through electronic currency in the name of other member store
  ④ Act of lending the name of one’s member store to others
  ⑤ Act of transaction through electronic currency for others
• Non-member stores shall not perform business transaction through electronic currency.

Responsibilities for Member Stores

• A financial company or an electronic financial company shall not pass to a member store any of the losses occurring from the following transactions specified as blow. However, when a financial company or an electronic financial company can prove that a loss is attributed to a mistake, intentionally or negligently, of a member store, it can make whole or partial compensation claim for the loss. How, this effect shall be included in a agreement with a member store. Otherwise, a member shall be exempted from the liability.
  ① Transaction by lost or stolen electronic currency
  ② Transaction by forged or counterfeited electronic currency
  • No need for extra operation cost besides membership fee
  • Can save communication expense (one transmission of transactions a day)