How does the international credit card payment channel work? Does the merchant need to apply for a credit card?

Step 1: Buyers select the products they want to buy in the online store (click "addtocart" to add the selected products to the shopping cart)

Step 2: View shopping Details of the products purchased (click "checkout" to pay for the purchased products)

Step 3: Select the express delivery type (after selecting the express delivery type, click "continue" and select the payment method)

Step 4: Select the payment mode (select our credit card collection-95epay payment)

Step 5: Order confirmation (make final confirmation, then click "confirmorder" to enter the payment page for credit card payment )

Step 6: Enter the 95epay credit card payment page, where the buyer fills in his credit card information (after filling in the relevant credit card information, click "payment" and the system will transfer the credit

< p>Card information, order amount, order number, automatically encrypted and sent to the bank for verification)

Step 7: Return the payment result (the running order number formed by the website and the payment result seen by the buyer )

Step 8: The merchant can see the payment status of the order in the merchant backend of 95epay. If the payment is successful, the merchant can deliver the goods to the buyer.

What is a foreign trade credit card payment channel?

Generally, it refers to when merchants are doing counterfeit trade. For international trade and foreign trade payment, foreigners generally use the Internet. When shopping on the Internet is paid with a domestic credit card, the transaction will involve the issue of international credit card payment. At this time, the merchant needs to have a port that can accept international credit card payment in order to connect the payment. Paysunny is a foreign trade credit card collection channel with stable channel and high success rate.

How to sign a cross-border credit card payment channel

The steps to sign a cross-border credit card payment channel are as follows:

1. Apply for a merchant number. The merchant applies to register a merchant number on the official website of wintopay;

2. Sign the relevant service agreement. After the merchant receives the electronic agreement, print it out in duplicate and sign it (the company stamps the official seal) , express or scan, and give it to our company;

3. The merchant pays the money. The merchant pays the relevant account opening fees to the account designated on the official website;

4. Review and open the channel. After the company's finance department confirms that the payment has arrived, it will notify the risk control and channel department to review the information provided by the merchant. If it is correct, the channel will be opened.

How to open shopify international credit card payment channel

International credit card collection mainly cooperates with third-party payment companies. As one of the major international payment methods, it is deeply trusted by consumers. Especially in Europe and the United States, due to the relatively complete credit system, almost every adult has a credit card, and they are accustomed to and rely on credit card payment in daily consumption. The penetration rate is similar to domestic WeChat and Alipay. Consumers only need to have an international credit card to complete real-time online payment, which is safe, convenient and worry-free! Merchants only need to provide a domestic bank account for bank settlement to achieve payment purposes.

I will use the familiar Yingpay to introduce to you how to handle and open international credit card payment channels.

1. Apply for a merchant number. The merchant number is a unique number automatically generated by the system when a merchant applies on our company's official website. It is also an important logo for merchants. You will encounter it during the activation and use process, so be sure to remember it.

Application address

2. Sign the relevant service agreement. The agreement mainly consists of our international collection channel service agreement and the international collection channel application form, in duplicate. Generally sent by express You can either go out or go directly to the company to sign.

3. Merchant makes payment. Everyone knows that using international credit cards to collect payments requires payment of usage fees. Merchants pay the relevant account opening fees to the account designated on the official website.

4. Review and open channels. After the company's finance department confirms that the payment has been received, it will notify the risk control and channel department to review the information provided by the merchant and activate it if it is correct.

5. Interface access.

After the channel is opened, corresponding technical service specialists will be arranged to assist merchants in accessing the interface until normal collection can be carried out, which usually takes 3 to 7 working days.

6. The merchant collects payment and starts the journey of making money! Directly connected to the bank, the bank's strict review mechanism ensures the company's true safety;

We always adhere to the concept of: integrity wins the future, service creates value, and the goal is to be the most trusted collection partner of merchants.

If a foreign customer wants to pay with a credit card, how or where do we collect the payment?

You can consider Paypal for payment. Paypal is like the domestic Alipay. It is an international online third-party payment platform that supports 24 mainstream payment methods in more than 190 countries and regions. It supports credit card, electronic check and other payment methods. ! If your customer wants to pay by credit card, then you can apply for a paypal account. To register, you only need a valid email address! Your customers can then pay directly with their credit card.

PayPal

PayPal (NASDAQ: PYPL) was established in December 1998 by Peter Thiel and Max Levchin. It is an online payment platform headquartered in San Jose, California, USA. Payment service provider. Adhering to the corporate philosophy of "inclusive financial services for the public", we are committed to providing inclusive financial services, combining technological innovation and strategic cooperation, creating better ways of fund management and mobility, and providing flexible options for transfer, payment or collection. Helping individuals and businesses participate and succeed in the global economy.

PayPal also cooperates with some e-commerce websites and becomes one of their payment methods; however, when transferring money using this payment method, PayPal charges a certain amount of handling fees. In December 2018, the World Brand Laboratory released the "Top 500 World Brands 2018" list, and PayPal ranked 402nd. On October 4, 2019, PayPal announced its withdrawal from the Libra Association, becoming the first member to withdraw from the organization. In 2019, it was selected into the "2019 Forbes Top 100 Global Digital Economy", ranking 33rd. In October 2019, Interbrand ranked 72nd on the top 100 global brands list.

PayPal is an international trade payment tool that is highly sought after by hundreds of millions of users around the world. It provides instant payment, instant arrival, and a full Chinese operation interface. It can easily withdraw cash through local banks in China, solving the problem of foreign trade collection and helping You successfully carry out overseas business and win the world. Sign up for PayPal and start accepting credit card payments immediately. As an online payment service provider, PayPal is the fastest way to open your door to nearly 325 million users around the world. The best part is, registration is completely free! It integrates internationally popular credit cards, debit cards, electronic checks and other payment methods. Help buyers and sellers solve payment problems during various transactions. PayPal is a truly global payment platform, serving more than 200 markets.

This ends the introduction to the credit card payment channel and how to open the credit card payment channel. Have you found the information you need?