The current mainstream payment methods in Taiwan are different from the relatively mature payment environment in China. Due to policy and other reasons, the development of third-party payment in Taiwan is currently far behind that in mainland China. Due to relevant financial policies, Paypal, which is invincible in many other places around the world, was rejected when it came to Taiwan, and it failed to return on September 21 this year.

So for now, the more mainstream payment methods in Taiwan are as follows:

1. Credit card

In Taiwan, credit cards are the more mainstream payment methods. Method, it is reported that Taiwan has a population of 23 million, but the number of credit cards has reached 45 million. In other words, there are nearly two credit cards per person in Taiwan. Moreover, credit cards have become a relatively common online payment method in Taiwan. However, for the payee, if you want to be eligible for payment, you must be at the enterprise level. Therefore, this credit online payment method has hindered the development of local online payment in Taiwan to a certain extent.

2. ATM transfer

In addition to credit card payment, ATM transfer is also a relatively popular electronic payment method in Taiwan. Bank cards in Taiwan are different from bank cards in the mainland. Taiwan banks Most cards have IC chips. Previously, many bank card fraud groups in Taiwan used technical means to deceive passwords and then copy bank cards to withdraw funds. Therefore, in order to prevent users' interests from being infringed, most bank cards in Taiwan are equipped with unique IC chips. In addition to transferring money at physical ATMs, you can also transfer money directly online by inserting a card reader into your computer. This payment method is relatively advantageous for local non-enterprise sellers in Taiwan, but it is also risky for buyers. After the buyer places the order, the money will be transferred according to the account number provided by the seller, but if the shopping website or transaction It is designed for fraud. Buyers have no way to judge the authenticity of the account, which also gives fraud groups an opportunity to take advantage. This is also the reason why Taiwan strongly calls for third-party payment platforms.

3. Convenience store payment

In Taiwan, there are various convenience stores, such as FamilyMart, 7-11, etc. Convenience stores in Taiwan are not just for sales. It exists as a commodity and has other important functions. In addition to its special status in logistics and distribution, the convenience store system also assumes an important payment function. In convenience stores, there are generally three ways to complete payment for online orders.

The first is to pick up the goods and pay. The buyer places an order online and after confirming the pick-up store, pays the money when picking up the goods;

Second, payment is made at the convenience store. Every convenience store has an Ibon machine, mainly for ticket purchase and recharge users. You can get the barcode on the Ibon machine and pay at the counter to complete the order;

Third, barcode payment. After a buyer places an order online, a set of barcodes will be generated on the web page. After printing with a barcode printer, the buyer can go to a convenience store to swipe the barcode to pay. However, due to the need for a barcode printer, this method has slowly faded out of the payment market.

Fourth, and most importantly, convenience stores in Taiwan sell various types of point cards. After purchasing the corresponding point card, you can recharge and pay. For example, Gash point cards, which are relatively popular in Taiwan, are sold in various convenience stores in Taiwan.