Payment is by UnionPay’s Visa method

VISA is a credit card organization originated in the United States. It is currently the largest international credit card organization, with 65% of the world’s market. . Credit card is a payment method that originated in the United States and is popular all over the world. Users submit relevant and necessary information (copy of ID card, proof of income, copy of social security card, etc.) and the bank will generally review your information in about 15-20 days. , assess the risk, and then it depends on the situation. Credit cards are payment cards that do not require cash in advance and can be overdrafted. The bank will give you a certain consumption payment limit based on the information you submit. Within the limit, you can consume first and repay later. In Europe, the United States and even areas outside mainland China, 65% of people hold credit cards and prefer credit cards to pay for shopping and consumption. In the United Kingdom and Canada, even more than 80% of people have credit cards. However, in China, only some people in coastal big cities have credit cards. Use, for example: Shenzhen. Because card-issuing banks require users to have a stable job and income to repay overdrafts, many employees of small and medium-sized companies and SOHO friends are turned away. In the mainland, cards are basically only issued to civil servants and senior managers of large enterprises. So it’s no surprise that everyone is unfamiliar with credit cards. VISA credit card payment is made for our customers.

Questions:

1. Unlike ordinary savings cards and debit cards, credit cards do not support credit card to credit card transfers;

2. Credit cards are born Its function is consumption payment. In shopping malls, online shopping is more used than cash. Friends who are in retail can develop customers in this area;

3. VISA credit card payment must be made by a bank or VISA organization. Payment gateway, or POS machine;

4. Since China’s foreign exchange control regulations are very strict on foreign exchange supervision, the only domestic POS machine provider is China UnionPay, and it currently does not support international cards. For credit cards issued by major domestic banks. There are only a handful of companies that also provide international credit card payment gateways, including Agricultural Bank of China, Industrial and Commercial Bank of China, Advertising (Shouhuibao), Capital Easy, IPS, NPS, and Online Banking.

In-depth understanding:

1 Credit card and PAYPAY can collect remittance online. It also needs the support of a third-party remittance collection platform.

2 This is non-3D Transactions,

1) In foreign countries

- The credit is relatively good, so there are relatively few. This is one reason,

- They do business to a certain extent. Budget to prepare for non-payment of funds, so they are not afraid of these.

- It requires a relatively high cost. The budget on the website is very high, security encryption must be done, and risk assessment must be done. ,

2) In China

- The domestic credit mechanism is not that good,

- Foreigners are interested in messing with the Chinese and maliciously refuse to pay, especially Those who do replicas often encounter these foreign gangsters

3 Account opening is very expensive and requires monthly maintenance fees. You can consider using Paypal