Accept China UnionPay credit card, debit card, and UnionPay international online. Oceanpayment provides an all-in-one payment solution for your business.
As online payment gateways are making it easier to connect with global customers, more and more businesses can sell their products or services overseas. According to a study, more than 70% of businesses are selling their products online internationally. It is easier to reach a global audience, and now businesses can accept China UnionPay credit card and China union pay debit card with the help of the all-in-one payment solution Oceanpayment.
Many customers prefer to pay for services or products online via China union pay online shopping. Accepting online payments is easier than ever. Using a good payment gateway service provider helps to accept payments from anywhere in the world. However, the global payments landscape is becoming increasingly complex and patchy; Oceanpayment makes it easy for different businesses worldwide to discover and accept various payment methods with the help of a single integration for China union pay online shopping. You can easily accept China union pay debit card and China UnionPay credit card for online payments.
Advantages of China Union Pay Debit Card & China UnionPay Credit Card:
Over the past decade, payment methods have grown a lot for supporting various business and consumer needs. Markets having high card penetration like the UK and the US have greatly shifted towards wallets like Google Pay and Apple Pay that are helpful to offer more convenience and security.
Moreover, markets like Japan and France even have introduced their own local card networks that are helpful for businesses to get more card users. However, markets like Malaysia and Germany have fewer card users, and bank-based methods are commonly used and trusted to make online payments. China union pay online shopping is getting popular in Chinese markets.
Oceanpayment is an ideal UnionPay payment gateway service provider to accept China unionpay credit card, and China union pay debit card. Meanwhile, in countries like Indonesia and Mexico, having many unbanked populations allows their customers to make online payments through vouchers.
By accepting China UnionPay credit card and China union pay debit card for China union pay online shopping that is preferred by the customers and suitable for your business model, you can:
Reach more Customers Globally with China Union Pay Online Shopping
As your business grows in different regions, you need to accept local payment methods like China UnionPay credit card and China union pay debit card for capturing the maximum market opportunity. For example, more than 50% of online transactions in China occur through digital wallets like WeChat Pay and Alipay, and more than 20% of payments occur through China union pay online shopping. If your business doesn’t support these payment methods, you may lose Chinese customers’ large and growing buying power.
Increase Conversion Rate with China Union Pay Online Shopping
More than 16% of online shoppers abandon their cards if they don’t find their preferred payment option. Providing the right mix of payment options for customers to accept China UnionPay credit card and China union pay debit card can be helpful to increase your chances to let your customers complete their purchase through China union pay online shopping.
Optimizing Transaction Costs
Different payment methods have other fundamental cost structures. It depends on the business model and location of your customers. Thus, payment methods may or may not be relevant. Accepting China union pay debit card and China unionpay credit card is easy with Oceanpayment.
Reduced Disputes and FraudsWith China Union Pay Online Shopping
Anticipate and manage the risks of accepting China UnionPay credit card, and China union pay debit card by choosing the right payment methods to match the risk preferences. Generally, getting a better level of customer authentication for China union pay online shopping lowers the chances of disputed and fraudulent payments.
Companies of different sizes worldwide use Oceanpayment for accepting multiple payment methods, including China UnionPay credit card and China union pay debit card payments to simplify global operations. Oceanpayment is actively adding new payment methods to help businesses accept every payment method worldwide with a single integration.
Whether you are traveling abroad or shopping online from online stores around the world, UnionPay Card is becoming your ideal choices. In this article, let’s talk about the products and services of UnionPay to learn more details of this payment method.
China UnionPay credit card
China UnionPay credit card is a card product that uses a credit line and repays after consumption. It is mainly used for cardholders’ daily consumption. The product can be used online and offline, supporting multi-scenario applications, including transaction functions such as ATM, POS, pre-authorized transactions, mail orders, collection, in-flight shopping, and tax refunds. When paying, cardholders can choose password or signature authentication, and the product is flexible and safe.
UnionPay’s high-end credit card products also include multiple distinguished rights and comprehensive protection, giving you more support and convenience in work and life.
China UnionPay debit card
The China UnionPay debit card replaces cash and checks, and helps the cardholder to control the account funds independently by linking it with the cardholder’s bank account, and realizes more convenient and safe travel and payment.
China UnionPay debit cards include two products: password debit cards and signature debit cards. Password debit cards support basic functions such as ATM, POS, e-commerce, credit transactions, and tax refunds. The signature debit card also supports cardless service such as mail order, collection, and pre-authorization in addition to the basic services.
At the same time, UnionPay also has the world’s largest cryptographic network, making cardholders more secure when using password authentication.
China UnionPay prepaid card
The China UnionPay prepaid card is a payment tool that replaces cash and realizes safe and convenient travel. With its flexible implementation method and multi-field use, it has become the preferred card product for many card issuers to increase new sources of profit. The China UnionPay prepaid card can be used once and recharged repeatedly. It supports both real-name and non-real-name systems, providing cardholders with a wealth of payment options.
China UnionPay prepaid cards include two products, password prepaid cards and signature prepaid cards, which can be used online and offline, including ATM, POS, pre-authorized transactions, collection, remittance and other transaction functions.
In addition, UnionPay International supports diversified prepaid card cooperation models, which can be combined with specific usage scenarios to provide card issuers with professional and customized solutions.
China UnionPay online shopping
Currently, more than 20 million online merchants outside China accept UnionPay online payment, covering more than 200 countries and regions including Hong Kong, Macau, Europe, America, Japan, South Korea, South Pacific, etc., covering industries such as retail, online travel booking, tuition payment, and airline booking.
UnionPay’s overseas shopping platform “Shop The World” has created a cross-border B2C payment service platform covering the entire cross-border online shopping process, providing UnionPay cardholders with product selection, language translation, secure payment, international transshipment and other intimate services. At the same time, a cross-border B2B integrated payment service platform is also under construction. It will provide cross-border e-commerce and traditional import and export enterprises with an open integrated payment service platform based on the four-party model for cross-border payment, settlement, customs clearance and other services.
UnionPay online payment has features such as convenient and preferential benefits, and comprehensively guarantees the security of cross-border online payments through multiple security technical guarantees and risk monitoring. Payment scenarios fully cover personal computers, handheld PADs and mobile terminals, etc.
Oceanpayment helps merchant with UnionPay Card Service
In 2018, Oceanpaymen has been authorized by China UnionPay, the world’s largest card organization, to start the overseas acquiring business of UnionPay cards. We also have reached cooperation with China UnionPay in cloud QuickPass and other projects, helping UnionPay to enrich the application of various payment scenarios and continue to optimize the user experience.
At present, the total number of users of the QuickPass app has exceeded 81 million. With the launch of the product, the mobile payment service of the QuickPass app has been extended to 23 countries and regions including Hong Kong, Macau, Japan, South Korea, Thailand, and Canada, covering retail, Food and beverage, scenic spots, entertainment, accommodation, transportation and other fields.
As the largest card organization in the world, China UnionPay has a large number of users, and Oceanpayment is a leading global financial technology company with strong technical service capabilities. Based on the resource advantages of both parties, merchants can enjoy more convenient global acquiring service. This cooperation also marks the further improvement of the service capabilities of the Oceanpayment International Card brand.
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