1. Wild card receipt: it appears in export business and mainly serves China merchants to collect payment from foreign consumers. Asiabill can provide international credit card acquiring services for exporters, including Visa, MasterCard, American Express and JCB, with stable channels and a success rate of 95%.
2. overseas receipt: it mainly involves China consumers buying 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 receipts, overseas receipts and international receipts are all cross-border receipts, which help merchants in one country collect money from customers in another country.
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The situation of overseas payment companies
In recent years, with the continuous expansion of the China market, more and more overseas payment companies have begun to set foot in the China market, which mainly presents the following characteristics:
1. paypal still occupies a large market scale
2. Some companies are based in Singapore in the Asia-Pacific region, developing their business, and a few have set up branches in Shanghai and other regions, such as Worldpay.
3. Develop merchants through channel agency and direct recruitment
4. Direct recruitment of merchants requires strict requirements, and the business process needs to be submitted to the head office for review, which takes a long time
5. Overseas payment companies have their own comparative advantages in specific countries and regions, such as having the qualification of acquiring bills directly in some countries
We can learn that the mainstream overseas payment companies, such as Paypal, Stripe and Worldpay, Adyen listed in the gateways section. Another big feature of these overseas payment companies is that they have been rooted in major market countries for many years, and they can better support local payment methods except credit card accidents. 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, which is very helpful for domestic cross-border merchants to expand overseas markets.
These companies have also appeared in the Canton Fair in China and some exhibitions and forums in the industry, and the market competition is becoming more and more fierce. High-quality merchants are also called the focus of various companies.