Let's talk about two different types of credit card online collection.
The first type: VISA, MASTER and AE(3D) collection channels (3D verification of credit cards).
For online payment, both merchants and consumers are most concerned about security. VISA and MASTER(3D) collection channels, developed by Agricultural Bank of China, are credit card verification measures set up by VISA and MASTER credit card organizations to protect the interests of cardholders and prevent merchants from maliciously stealing cards. This measure is mainly implemented in Asia. Because the countries where VISA and MASTER are mainly popular require registration by compulsory measures, the 3D verification system on the Internet hinders about 90% of effective transactions, but it also greatly reduces the possibility of malicious fraud by merchants. Only the cardholder knows the personal password and personal confirmation information, so it can effectively avoid the occurrence of transaction disputes such as malicious refusal to pay and online fraud, and protect the interests of merchants.
How can "3d verification" ensure that the interests of businesses will not be harmed?
1, private password protection, enhance the cardholder's confidence in online payment.
When the cardholder makes online payment on the issuer's website, in addition to the credit card number and validity period, he must also enter the personal password set in the registration "three-dimensional verification".
2. Check the personal confirmation information to give you double protection.
When registering for 3D authentication, you need to set a personal confirmation message. Later, when you make online payment, you can check whether the personal confirmation information is correct to ensure that you are using a secure "three-dimensional authentication" payment system.
The second type: VISA, MASTER and AE (non-3D) collection channels (non-3D verification of credit cards).
Non-3D channels are relative to 3D channels. Simply put, they are credit card consumption methods that do not require password verification. At present, credit cards in European and American countries basically belong to this category. Due to the perfect credit card system in Europe and America, the cardholder's funds are in place, and the combination of credit card consumption and personal credit index makes people happy to use credit cards, which has become the mainstream consumption mode in western countries.
Non-3D online payment is faster and more convenient than 3D mode, and the success rate is much higher than 3D mode, because there is no need for layer-by-layer verification. At present, the success rate of the best channel in China can reach over 90%.
Then such a high success rate means an increase in transaction volume, and after the increase in transaction volume, there will inevitably be a problem-credit card refusal. Because credit card consumption has a refusal period of 180 days, and there will be a phenomenon that black cards and stolen cards refuse to pay after receiving goods. So how to ensure the seller's safe collection? In fact, you don't have to worry about this problem at all, because during the transaction, card issuers (VISA, MASTER), acquirers and channel companies will help you screen out all kinds of abnormal credit cards detected through their risk control systems, and you don't have to worry about customers' malicious refusal to pay. As long as you keep a good communication record with customers, you can get compensation through appeal. Moreover, it is very troublesome for customers to refuse to pay. Moreover, if he is convicted of malicious refusal to pay, his credit record will be recorded in a bad record, which will have a great impact on his life, so refusal to pay rarely occurs. Unless it is really that your goods are too bad or the delivery is not timely or even not delivered, of course, this has nothing to do with the collection channel.
The perfection of foreign trade payment method is the only way for the development of your foreign trade online shop, and international credit card online payment is an important part of payment method, which will bring you better income and bigger market. Whether the international credit card payment method is 3D or non-3D mainly depends on where your own market is. If you are in the Asian market, you can choose to use the international credit card 3D collection channel. If you are in the global market, non-3D channels will be your best choice!