Transact24’s China payment solutions give vendors the opportunity to increase sales with its sleek and streamlined payment collection system.
Transact24 accepts Alipay, China UnionPay Cards (issued in China), and WeChat Pay, making it one of the most accessible and comprehensive full-service online payment platforms available.
In order to easily integrate China payment solutions into your business, you simply need to incorporate an online payment gateway on your website. We here at Transact 24 can help with this particular task – we have helped guide thousands of Chinese and international vendors in opening up their business to the Chinese market.
Transact24’s China payment solutions will allow you to accept payments in Chinese Yuan (￥) as well as settlements in almost any major currency.
With its recent growth in the last few years, WeChat Pay is considered one of the best options for mobile payments. Users can easily make payments using their smartphones as the payment feature is fully integrated into the popular (and familiar) WeChat app. In order to satisfy all scenarios, WeChat offers quick pay, web-based Payments, QR code payments, and in-app payments.
WeChat Pay can also be used to develop and optimize the o2o experience by starting the sales funnel online and driving conversion offline at a store’s brick-and-mortar location.
WeChat Pay offers benefits for businesses of all sizes, and is generating a great deal attention from luxury retailers and travel businesses in particular. It is expected that the majority of retailers, booking agents, and airlines will soon be adopting WeChat Pay.
In 2013, Alipay surpassed PayPal as the world’s leading mobile payment scheme, and in 2016’s fourth quarter, the company possessed more than half of China’s US$5.5 trillion mobile payment market—the largest in the world. That being said, it was actually a decrease from its all-time high of 71% in 2015, due to the rapid growth of its rival, WeChat Pay.
Part of Alipay’s success is owed to its ability to support international online payments across borders. Using Alipay, Chinese consumers are able to shop online at any international website or app, and with the help of Transact24, the cost of their purchased goods or services is deducted from their Alipay account in Chinese yuan, and the payment is sent to the vendors in their preferred currency.
Based on payment transactions and number of cards (debit and credit cards) issued, China UnionPay is the largest card payment organisation in the world. Its popularity makes it a preferred choice for the Chinese ecommerce market – we are pleased to provide UnionPay as an easy way for online vendors to expand their reach to the Chinese market.
The easiest way to add China UnionPay to your website is to use an online payment gateway, which is where we at Transact 24 can help. We work with numerous merchants, both inside China and internationally, to help them open up their business to both the Chinese market and it’s payment options. With our China UnionPay gateway solution, you’ll be able to accept payments in Chinese Yuan (￥) and receive settlement in the major currency of your choosing.
To learn more about how our China payment solutions can help your business excel, please contact us. We make it easy – give us a call, send us an email, or fill out the contact form on our website and one of our sales representatives will provide you all the information you need to get started.