China has always been an Asian countries that offers a variety of options to manage the financial aspects of life. Ranging from WeChat to China Unionpay card services, the available options offer customers the best financial services. The China Unionpay card and China Unionpay online payment service have gained more popularity due to their intense schemes. By the end of 2014, China Unionpay card service crossed the 41.1 trillion yuan mark. The growth of China Unionpay international card later recorded improved transactions during 2015 that overtook both MasterCard and Visa solutions. The China Unionpay international card became one of the largest card payment processing organizations with features that attracted international customers. Let us now look at the features that made the China Unionpay international card a huge success.
What is a China Unionpay card?
Initiated during 2002 that the China Unionpay online payment is a factor associated with providing support for the Chinese banking card industry. The China Unionpay international card and national service was introduced with approval from the People’s Bank of China and operating ever since. Along with debit and credit cards, they also offer the latest technology-based mobile and online payment services to meet the latest technology.
What are the functions of the China Unionpay card?
The China Unionpay card comes along with various features that support the China Unionpay online payment and international transactions. So to gain Chinese customers and transfer funds across the nation, the China Unionpay card service was introduced with certain functions listed below.
● The China Unionpay card service offers an exclusive inter-banking network within the country.
● The China Unionpay card is the only option that can connect multiple ATMs within the country.
● The China Unionpay card offers both mobile and online transaction services that promote China Unionpay international card transactions.
● The China Unionpay card services promote online shopping with merchants that support the UnionPay option.
All these features have made the China Unionpay card a suitable feature for online transactions and cashless card transactions preferred by the merchants. So the merchant having the UnionPay card will receive more advantages in terms of customers and simple transactions.
Why do users prefer China Unionpay card?
When it comes to the China Unionpay card, multiple features make it special. Let us now take a look at why they are preferred by most business people all over the world.
Speed – The China Unionpay international card is available for debit and credit card-based transactions, mobile transactions, and China Unionpay online payment. The China Unionpay international card transactions through online mode are almost immediate with no involvement of cash or other physical interference.
Safety – The China Unionpay international card transactions are a safe option when compared to the other transactions. All the personal information made during the China Unionpay international card transactions is stored securely. The customers prefer these payment methods, which is an advantage for the merchants.
As mentioned above, along with speed and safety, this payment method also offers multiple modes of payment.
Why choose Oceanpayment?
With the ability to offer multiple transaction modes, the China Unionpay card is a preferred choice for most merchants. Oceanpayment offers you a chance to enjoy all the features for a reasonable price. Your setup is customized based upon the requirement of the users and their website designs. Having a regular China Unionpay online payment service on your website will improve the trust and make them before your website a good option for purchase. Oceanpayment offers a variety of other online payment gateways along with the China Unionpay international card Services.
At the end of November 2020, China UnionPay’s global acceptance network has been extended to 179 countries and regions, and more than 9 billion UnionPay cards have been issued at home and abroad. In this article, let’s have a short introduction about China Unionpay Card and it’s online Payments service to know more about this payment method in China.
China Union Pay Card Introduction
China UnionPay refers to the Chinese bank card association, and VISA, MasterCard, American Express, Japan, JCB, and Diners Club are collectively called the world’s six major bank card organizations. Commercial banks realize the use of bank cards across banks, regions and borders through the UnionPay interbank transaction clearing system. Therefore, China UnionPay cards can be used in a wider range than non-UnionPay cards, such as support for cross-bank withdrawals and transfers, support for card consumption on overseas devices with the UnionPay logo, and so on. Non-UnionPay cards generally only support peer-to-peer and intra-city operations. At present, most banks are members of China UnionPay, so the newly issued debit cards of various banks generally bear the UnionPay logo.
China UnionPay credit card VS China UnionPay debit card
China UnionPay credit cards (credit cards) have UnionPay Tiantan laser anti-counterfeiting identification. The card must have a name expiration date and the card number must have 16 digits in the signature column on the back. However, China UnionPay debit card numbers 16-19 digits do not have Tiantan laser marking. Most cards are printed in batches. China UnionPay debit cards for transactions in some places do not support overseas consumption with a signature without password, nor do they support credit card input of the card number expiration date CVV (the last three digits in the signature field). No password is required. Card-free transactions Press card transactions (UnionPay online payment requires a mobile phone verification code or deposit password, which can also be paid by debit cards).
China UnionPay International
China UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of China UnionPay’s global business. In partnership with more than 2400 institutions worldwide, China UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 70 countries and regions. China UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.
China UnionPay Online Payment
China UnionPay Online Payment is a bank card online transaction transfer clearing platform created by China UnionPay to meet the online payment needs of all parties. It is also China’s first financial-level pre-authorized secured transaction function and fully supports the integration of all types of China UnionPay cards. Comprehensive online payment platform.
China UnionPay Online Payment is a bank card online transaction transfer and settlement platform jointly created by China UnionPay and various commercial banks. As an integrated and comprehensive tool of UnionPay Internet payment, covers multiple payment methods such as certified payment, quick payment, stored-value card payment, online banking payment, etc., and is widely used in shopping payment, repayment transfer, business travel services, Fund purchase, corporate collection and payment, and many other fields. China UnionPay Online Payment has six characteristics: convenience, safety and reliability, universal use, financial-grade secured transactions, comprehensive merchant services, and online payment without thresholds. The simple and flexible fast payment mode eliminates the need to open online banking, speeds up the transaction process, improves user experience, helps banks and merchants attract more customers and promotes online transactions. Multiple security technical guarantees, real-time risk monitoring, fully guarantee payment security. Unlike other secured transactions that transfer funds to third-party accounts in advance, the financial-level pre-authorized secured transaction of “China UnionPay Online Payment” freezes transaction funds in the cardholder’s own bank account, avoiding interest loss and capital misappropriation risks, and maximizing The rights and interests of banks, merchants and cardholders are guaranteed. With the UnionPay network extending globally, more and more UnionPay overseas online merchants allow cardholders to “click the mouse and shop around the world”.
China union pay online shopping
When using china union pay online shopping, the china unionpay online payment gateway plays an important role in the whole process. As an integrated and comprehensive Internet payment tool provided by China UnionPay and various commercial banks to cardholders, China UnionPay online payment gateway mainly supports payment by entering card number, user login payment, online banking payment, mini payment (IC card payment), etc.
China UnionPay online payment gateway is an integrated and comprehensive Internet payment tool provided by China UnionPay and various commercial banks for cardholders. It mainly supports payment by entering card number, user login payment, online banking payment, mini payment (IC card payment), etc. It provides cardholders with domestic and overseas online shopping payment services.
The gateway payment product is mainly applicable to the B2C shopping payment scenario of the cardholder on the merchant website. The cardholder clicks on the China UnionPay online payment icon and jumps to the UnionPay page to complete the payment information entry, and finally complete the payment.
The transaction initiated from the PC is a WEB gateway payment transaction, and the transaction initiated from the mobile terminal is a WAP gateway payment transaction.
Cardholders can enjoy online payment services without opening online banking, and merchants can directly accept more than 4 billion China UnionPay cards bearing the UnionPay logo.
China UnionPay cross-border online payment services have covered major countries and regions around the world. China UnionPay cards can be used at home and abroad. Merchants accepted online are exempt from currency conversion fees. Cardholders can “click the mouse and shop around the world” without leaving their homes.
China UnionPay online payment has continued to carry out preferential activities with more than 240 banks and more than 10,000 merchants, such as lottery draws, instant discounts, cash back, coupons, phone bills, points, and other rewards in various forms, allowing cardholders to enjoy Pay online for a new life.
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