UnionPay installment payment is reliable. UnionPay credit card installment uses the card-issuing bank to advance the transaction funds to the merchant in full, and the cardholder repays the card-issuing bank in installments. Depending on the person who bears the installment fee, it can be divided into cardholder interest payment and merchant discount. As the name suggests, cardholders Personal interest payment means the cardholder bears the installment fee, while merchant discount means the merchant bears the installment fee.

According to the different bearers of installment fees, it can be divided into cardholder interest payments and merchant discounts. As the name suggests, the cardholder's interest payment means that the cardholder bears the installment fee, and the merchant discount means that the merchant bears the installment fee (the cardholder bears the principal).

1. Ordinary bank cards cannot be used for installment payment

One of the necessary identification requirements for applying for a Dragon Card credit card is proof of identity. Domestic residents should provide resident ID cards (temporary ID cards are not accepted); Non-commissioned officers should provide military identity documents (including military officer certificates, civilian cadre certificates, military officer retirement certificates, and civilian cadre retirement certificates); police officers should provide armed police identity documents.

2. Application conditions

1. Proof of work: a copy of the work permit or a copy of the letter of appointment (the income certificate stamped by the unit can also be regarded as proof of work).

2. Real estate certificate: including local real estate certificate, one-time payment of house purchase invoice (or house purchase receipt), house purchase contract, personal housing mortgage loan contract (the last three months may be required at the same time) Proof of loan repayment), etc.;

3. Proof of vehicle ownership: including a copy of the card issuing bank’s local motor vehicle driving license or a copy of the car purchase invoice;

4. Proof of residence (including the following Copy of any item of information): Payment receipts for telephone bills, water, electricity, gas (gas) bills, property management fees, cable TV charges, Internet broadband charges, etc. for the last month of the fixed residence. The account name on the payment receipts should be that of the applicant. myself.

To sum up, regardless of the interest paid by the cardholder or the interest discount of the merchant, the cash flow is settled by the issuing bank through UnionPay, and UnionPay settles it to the acquirer, and the acquirer settles through the merchant. The cash flow of the cardholder's interest payment model and the non-installment model are exactly the same.