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01 May 2012
7 China Payment Solutions
by MA Santos, www.dragonbn.com
Nowadays, it is necessary for businesses to employ a variety of payment options. With the increasing popularity of e-commerce websites in China, Chinese consumers have come to appreciate the convenience of shopping for goods and services online. Merchants, in turn, have realized the importance of keeping an online presence to cater to a much wider demographic.
In addition, it has also become necessary for businesses to employ various in-store payment systems. With the range of payment options available to the consumer today, it can be a massive loss for merchants to limit the number of payment systems available in their stores or e-commerce websites. Whether you are operating an e-commerce website, a brick-and-mortar establishment, or both, looking for a reliable payment service provider that can take care of all your payment service needs is indispensable to your business.
China Payment Services (CPS)
is one such payment service provider that you can turn to for your payment needs, whether operating in China or the international market. Below are 7 different payment services offered by CPS:
1. China Payment Gateway
CPS’ Gateway to China service allows international businesses to accept payments from consumers based in China. If you want to cater to the Chinese market, this is an indispensable tool for your business. By availing of CPS’ payment gateway service, you can accept payments in Yuan straight to your bank account and have it exchanged to any currency right at the convenience of your own bank. This payment service eliminates the need to have to open up a Chinese bank account to settle payments coming from China. It also comes equipped with fraud and security measures to ensure that both merchant and consumer are protected from fraudulent activities online.
2. China POS Payment System
Point of Sale systems are crucial to any retail business. If you are operating a business in China, CPS can offer your business with a reliable and efficient point-of-sale system that accepts all major credit cards and debit cards. Their POS systems allow for safe and secure transactions and offer up to 5 times faster transactions, increasing your business’ efficiency. This is especially useful for large-scale businesses catering to hundreds or thousands of customers a day.
3. China Merchant Accounts
If you are in need of a merchant account or in the process of applying for one, CPS can help you setup your business merchant account to allow you to accept payment cards such as credit cards and debit cards. CPS is tied to most major banks in China that offers merchant accounts and they also work with international financial institutions to allow businesses to setup an international merchant account. By availing of this service, you get the added advantage of being able to easily integrate your merchant account to your e-commerce website, receive expert advice, and most importantly, ensure that your account and the information provided by your customers remain safe and secure.
4. China Mobile Payment
Mobile payments are fast becoming the payment method of choice by millions of consumers across the world. In China alone, more than 200 million mobile users have employed mobile payment services in the first half of 2010 and this number is expected to significantly increase in the years to come. Merchants cannot ignore the importance of mobile payments in today’s marketplace. If you are in need of a mobile payment service, CPS offers one of the best services in China. CPS uses UnionPay’s mobile payment system to give merchants access to one of the most widely used mobile payment service in the country. By using CPS’ mobile payment service, you get access to expert assistance, fast and efficient mobile transactions, consumer-friendly interface, high levels of security, and of course, access to a much wider demographic.
5. China Fraud Management
Anyone can be a victim to online fraudulent activities. To protect businesses and consumers against viruses, credit card theft, and other such fraudulent activities used to secure account information online, CPS has set up a risk management service. It is imperative for any business operating an e-commerce site to prioritize their customers’ safety before anything else. CPS’ fraud management services include: secure encryption of data to prevent third-party access, fraud prevention services that reports any suspicious transactions to the consumer and banks, and of course, safe storage for consumer information.
6. China Recurring Billing
If your business is service-oriented and you are in need of a payment service that would allow you to accept payments for subscriptions or recurring payments, this service is the best option for you. CPS assists businesses in setting up a safe and reliable recurring payment service in China for fast and convenient payment collection services within a specified period of time.
7. China Micro Payments
If you offer goods and services below $10, then setting up a micro payment system for your e-commerce website is imperative. CPS offers micropayment services that can be accessed either over the Internet or through one’s mobile phone.
More information: China Payment Services (CPS)
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