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FX live, 150 of 153 currencies refreshed 26 Sept 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
PayPay · launched 2018
Japan's largest QR wallet. It bought the market with a zero merchant fee for its first four years, then began charging, a textbook case of a fee history that starts at nothing.
Taken from the provider's own published pricing. Source: PayPay published merchant rate (1.60%–1.98%).
Market
In force since 1 Oct 2021
1.98% effective
+74.4% relative · from 1.14%
relative · 3 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
1 Oct 2021 → current
Merchant fees introduced for the first time after three years of free acceptance.
13 Jun 2020 → 1 Oct 2021
19 Jun 2018 → 13 Jun 2020
Online pricing across every country where this method is available, with the cost on a ¥100 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Japan | 1.98% | ¥2 | 1.98% | 1 Oct 2021 | Published rate |