In China, dual-currency credit cards are generally marked with UnionPay and VISA or MasterCard or American Express. How do they settle accounts? UnionPay or VISA?
VISA, MasterCard, American Express, Diners and JCB are all settled by the issuing bank, and the settlement date is 20 days after your reconciliation date. If you are asking about the settlement methods of UnionPay and VISA, they will generally assess the amount of cards issued and swiped. This method of settlement is a bit complicated.