Q. Why Do I Need to Set an Expiration Date?

A. Administrative procedures may be required

• If the expiration date is longer than six months, it may be subject to the Payment Services Act.
• Depending on the maximum amount setting and your members’ charge status, procedures such as notification to an administrative agency may be required immediately.

✅ In the following case, the chapter on Prepaid Payment Instruments under the Payment Services Act does not apply. Administrative procedures under that chapter are not required.

• The expiration date of the e-money is less than six months

✅ In the following case, administrative procedures related to Prepaid Payment Instruments are not required.

• As of the reference date*, the combined unused balance of all members does not exceed JPY 10 million for self-issued e-money
  • *Twice a year: the end of March and the end of September

ℹ️ If you are unsure how to configure the setting, use the following as a reference.

• Set the expiration calculation method to “Calculate from the charge date” and set the expiration period to six months.

⚠️ If the expiration calculation method is set to “Update on each transaction use”

• Even if the configured period is short, depending on how the balance is used, it may be possible to hold the balance for six months or longer. In that case, the expiration date may be treated as longer than six months, and the balance may be subject to the Payment Services Act.

• For more information about the Payment Services Act and administrative procedures, see the following page.
  • Detailed Information About the Payment Services Act