Naver Pay to Cover Fees for Small Merchants for Family Month Promotion

Naver Pay (Npay) will cover payment fees for small online and offline merchants as part of a promotion tied to May, widely observed in South Korea as “Family Month.”

Naver Pay said April 28 that it will support Npay fees incurred from May 4 to May 10 by eligible small merchants using its online and in-store payment services, as well as Naver’s reservation and ordering services.

The company said the program is intended to help small business owners benefit from increased spending during a period when payments typically concentrate around Children’s Day and Parents’ Day through online shopping, in-store payments and transactions made via Naver reservations and orders.

Merchants classified as “small sellers” under National Tax Service criteria — including Npay online and in-store payment merchants and Naver reservation and order merchants — will be included automatically, without a separate application.

For online and reservation/order merchants, the company will cover fees across all payment methods. For in-store payment merchants, support applies to transactions paid with Npay Money and points. The total eligible Npay fees accrued during the support period will be paid in full in a lump sum in June.

This is the seventh time Naver Pay has introduced a plan to support or lower fees for merchants. It previously covered in-store payment fees in full for small and midsize merchants during the Lunar New Year holiday period in February.

A Naver Pay official said the company will continue efforts to practice “mutual growth finance” by providing services and support measures that help small business owners who use Npay grow their businesses.