China Payment Services Overview


Published on

Expand your online sales to China by accepting UnionPay cards on your website. China Payment Services offers an online payment gateway to accept all China-issued UnionPay cards.

  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

China Payment Services Overview

  2. 2. About China Payment Services (CPS) hina Payment Services (CPS) offers ecommerce payment solutions to allow domestic and International businesses to accept payments from all Chinese credit and debit cards (China UnionPay cards) on their website. here are reportedly now over 530 million Internet users in China, and approximately 500 million UnionPay cards on issue. CPS can help businesses to target Chinese Internet users by providing a supportive and targeted payment facility to start accepting UnionPay cards with complete ease.   China Payment Services is in partnership with the leading online payment subsidiary of China UnionPay, ChinaPay, as well as numerous banks within China. This allows CPS to offer merchants the ability to accept payments from China, whilst settling into their choice of major currency, into their domestic bank account. Fact: There are more UnionPay cards on issue worldwide then there are Visa or MasterCard.
  3. 3. Ecommerce in Chinahe enormous scale and potential of ecommerce in China:hina is already the 2nd biggest consumer of luxury goods in the worldhina has over 513 million Internet users (more internet users than the USA and Europe combined)hina has 193 million online shoppers (more than the USA)hina’s eCommerce volume in 2010 was 703 billion USD, by 2015 it is expected to reach 2.8 trillionUSDhe Chinese government is actively working to promote ecommerce growth and development
  4. 4. CPS Partnered With ChinaPay he previous challenge faced by international businesses selling to Chinese customers was the inability to accept payments in Renminbi unless they had a Chinese bank account. CPS has established a partnership with ChinaPay that closes this gap by offering a cross-border online payment facility that allows merchants to accept payments from Chinese customers in Renminbi whilst settling in their choice of major currency into their local bank account. enefits of our partnership with ChinaPay: • UnionPay Trust – Especially within the luxury brands market, shoppers prefer to purchase with a trusted brand. Being government owned and on all Chinese cards helps build consumer trust. • Global Experience – UnionPay has a rapidly spreading global presence and systems development, which places ChinaPay in a leading position to support global companies. CPS is helping to fill the gaps and provide a true global support system. • Superior Support – Our experience shows that companies making a healthy profit in China provide better support. ChinaPay has made healthy profits for the last three years. • Foreign Currency Settlement – Due to the unique ownership structure of ChinaPay and the relationship with The People’s Bank of China, it is easier to facilitate cross border settlement.
  5. 5. Core Benefits of the CPS Payment Facility PS Core Benefits: • True Bi-lingual Interface - View everything in English or Chinese within our gateway • Multi-Currency - Display local pricing and settle in any major currency (e.g. USD, GBP) • 99.99% Uptime Reliability - The gateway is very reliably hosted in Hong Kong with top tier security and redundancy • Easy to use - The CPS gateway has an easy to use informative gateway interface which provides access to useful data and reports • Real-time reporting - View all approved, declined and abandoned transactions in real time in the CPS secure back-end system • Australian-based – Reap all the benefits of trading with China, without having to deal with Chinese organizations. CPS is based in Australia, and offers solutions and support to merchants across the globe.
  6. 6. CPS Setup Options hina Third Party Payment Facility • Ideal for: business incorporated outside of China, wanting to receive payments in a currency other than RMB • Available Settlement Currencies: USD. Other currencies are available upon request; application is dependent upon expected monthly processing volume • Activation timeframe: 24-48 hours for USD. 2+ weeks for other currencies (if approved) • Settlement timeframe: Weekly in arrears • Rates: Refer to Table 1 of the online rate card hina Merchant Account • Ideal for: businesses incorporated in China, wanting to settle into their Chinese bank account • Available Settlement Currencies: RMB • Activation timeframe: 1 – 2 weeks • Settlement timeframe: Every 2 days • Rates: Refer to Table 2 of the online rate card
  7. 7. CPS Gateway Integration Options osted Sales Page Integration • Add UnionPay as a payment option to your existing shopping cart system so customers can make multiple purchases at once • CPS can integrate with most major shopping carts. Buy Now” button • Quick and easy option that is added to each individual item on your website • Works best when only one or a small number of items are purchased at the one time • Allows customers to purchase items without the need for your website to have a shopping cart, or allowing Chinese customers to by-pass the shopping cart procedure
  8. 8. CPS Online Payments Demonstration Your Checkout / Payment Pageelect PaymentMethodnce an item hasbeen confirmed forpurchase on yourcheckout / paymentpage, customershave the option ofusing thier UnionPaycard.When UnionPay isselected, users areredirected to theCPS paymentgateway.Depending on yourchosen currencysetup, customersmay first be directed Example Payment Pageto a hosted currency
  9. 9. CPS Online Payments Demonstration Currency Confirmation Pageurrency ConversionPageThis page only appearsif your sale currency isnot RMB.Here, customers arepresented with a hostedredirect currencyconfirmation page,which confirms theamount they will bededucted in RMB.Example used: USD toRMB
  10. 10. CPS Online Payments Demonstration ChinaPay Bank Selection Pageank Selectionand PaymentAuthorizationhe customer thenchooses whichbank they wish topay via.hey authorize thepayment with theirown bank and willsee a “PaymentSuccess”.his is the standardonline paymentprocess in China.
  11. 11. CPS Online Payments Demonstration Your ‘Thank-you’ Pageelect PaymentMethodmmediately after thepayment is authorizedand accepted throughthe CPS paymentplatform, the customeris redirected back toyour website. Example ‘Thank-you’ Page
  12. 12. eCommercePayment Flow
  13. 13. CPS Secure Administrationhe Dashboardiew all completed andabandoned transactionsin real-time via your CPSSecure account.he dashboard iscustomizable with yourchoice of ‘widgets’.Widget reports include:ccount Balanceransaction Countransaction Feed Contains Sample Data Onlyransaction Volume
  14. 14. CPS Secure Administrationransactionetails Contains Sample Data Only
  15. 15. CPS Secure Administrationransactionustomeretails Contains Sample Data Only
  16. 16. Fraud ScreeningAt CPS, we approach payment processing and fraud management with aconsistent emphasis on security, across a range of areas.  The CPS Gateway hasmore than seven separate fraud detection and prevention systems that workseamlessly to identify and block suspicious transactions.These tools detect, among other things: • suspicious purchasing patterns, • velocity levels and, • failed identification checks which raise alerts and or block a payment altogether.
  17. 17. I’m Ready to Apply for an AccountTo set up a Chinese payments account with CPS, simply make an onlineapplication from the CPS website: Require Further InformationContact a CPS account 7 3113 4029Brisbane, Australia
  18. 18. Looking for International Card Options?China Payment Services is part of the PNI Group. If you are also looking forInternational payment solutions to accompany your China payment solutions(such as Visa and MasterCard), contact the team at PNI for moreinformationPayment Network International (PNI)Phone: +61 7 3113 4007Email: Office: Level 1, 360 St Pauls Terrace, Fortitude Valley QLD, Australia
  19. 19. Thank you for your timeCHINA PAYMENT SERVICES