What foreign credit card is the fastest way to receive payment?
American Express Blue all-currency international credit card.
For common international credit cards (Visa, MasterCard, JCB, American Express, Diners Club) in Europe and the United States, consumers actually prefer to use credit cards for consumption, especially in the United States, where credit cards account for more than 60%.
The reason why I chose the American Express Blue full-currency international credit card is because American Express has been approved to carry out bank card settlement business in mainland China. The current American Express card is a RMB credit card, and it is used when making purchases at home and abroad. If the payment is settled directly in RMB, especially for overseas consumption, there is no need to exchange the currency for repayment after settlement as before.
Can Oceanpayment provide international credit/debit card acquiring services?
Yes, acquiring orders is their main business, and they are also the preferred service provider for many overseas companies. As far as I know, they have established strategic partnerships with six major international credit card institutions and are their acquirers or certification service providers. They also have branches in Australia, Europe, the United States, Singapore and other places. They are fully qualified. Global credit card/debit card acquiring service system and technical operation capabilities_
What is the difference between foreign card acquiring, overseas acquiring and international acquiring?
The differences are as follows:
1. Foreign card acquiring: Appears in export business and mainly serves Chinese merchants to collect payments from foreign consumers. Asiabill can provide international credit card acquiring services for export merchants, including Visa, MasterCard, AmericanExpress and JCB. The channel is stable and the success rate is as high as 95%.
2. Overseas acquiring: mainly involves Chinese consumers purchasing goods from foreign merchants. At present, its business is mainly monopolized by Alipay, Tenpay and UnionPay.
3. International acquiring: Merchants, consumers and payment institutions belong to different countries.
Foreign card acquiring, overseas acquiring, and international acquiring are all cross-border acquiring, helping merchants in one country collect money from customers in another country.
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Overseas payment companies
With the continuous expansion of the Chinese market in recent years, more and more overseas payment companies have begun to set foot in the Chinese market. It mainly shows the following characteristics:
1. Paypal still occupies a large market size
2. Some companies use Singapore as a base in the Asia-Pacific region to develop business, and a small number have already Established branches in Shanghai and other regions, such as Worldpay, GC, CyberSource, etc.
3. Develop merchants through channel agency and direct recruitment
4. Direct recruitment of merchants has strict requirements, and the business process needs to be submitted to the headquarters for review, which takes a long time period
5. Overseas payment companies have their own relative advantages in specific countries and regions, such as having direct acquiring qualifications in some countries
We can learn that the mainstream overseas payment companies are listed in the gateways section , such as Paypal, Stripe, Worldpay, Adyen, etc. Another big feature of these overseas payment companies is that they have been rooted in major market countries for many years. In addition to credit cards, they can better support local payment methods. For example, the local Ideal payment method in the Netherlands accounts for more than 65%, which is much higher than the proportion of credit cards. This is very helpful for domestic cross-border merchants to expand overseas markets.
These companies have also appeared in the domestic Canton Fair and some exhibitions and forums in the industry. Market competition has become increasingly intensified, and high-quality merchants are also the focus of each company's wooing.
What is the foreign card acquiring business?
The foreign card acquiring service refers to the collection of international credit cards, and the foreign card acquiring service refers to the payment of international credit cards provided by banks or payment companies. Payment collection services.
Generally, there are two categories:
First, domestic foreign trade retail e-commerce websites have access to international credit card payment interfaces, and foreigners can directly purchase products on the website and use them. Credit card payment (input, cvv code and other information).
The second is to enable foreign card services at POS machines in some hotels or stores that accept foreigners, so that foreigners can directly swipe international credit cards on POS to pay. At present, Kuaiqian, a third-party payment company with a payment license in China, has professional foreign card acquiring services, supporting VISA.MARSTERCARD, JCB, and AE credit cards.
In addition to the above two types of services, foreign card prepayment services are also available.
Foreign card acquiring is a word that is mostly used by people in the banking industry. In fact, its meaning is very simple. Generally speaking, it is international credit card collecting. Our domestic foreign trade website accepts credit cards. After the payment interface, you can accept credit card payments from foreigners, and third-party companies that provide this payment interface, such as Yibao Pay, after accepting payments from international credit cards, will settle the received payment to foreign trade merchants on the settlement day, that is The whole process of acquiring is complete
Extended information:
The foreign card in the new word "foreign card payment" in the field of banking and payment: that is, international payment bank card, which refers to the card issuer Credit cards issued by international credit card organizations can be used unimpeded by institutions and outlets around the world that can accept credit cards of this brand. No matter which country the international card is issued by, the settlement currency of the credit card must be a freely convertible currency.
Usually, foreign trade requires foreign cards to acquire orders. At present, most domestic payment platforms in China use third-party payment platforms to acquire orders on their behalf. The more formal ones are those issued by various banks with corresponding foreign cards. Channel POS machines can do wild card acquiring, and there are many other companies. They all have their own characteristics. Some have higher costs and lower risks, and some are suitable for small-amount wild card acquiring.