Direct Debit Real-time payment confirmation from China bank accounts No payment repudiation
UnionPay Online Payment Service HOW IT WORKS FOR YOUR ADVANTAGE NO WORRIES ABOUT CHARGEBACK Immediate confirmation of funds It’s like using the EPS Card online! UnionPay Card and PIN replaced by Internet Banking ID &
Password. No exposure to fraudulent transactions as each one is verified and authenticated by the user’s bank. But as a merchant, you are still liable for “merchant’s performance risk”. Exposure to more than more than millions UnionPay Users locally. Collect payment from consumers who don’t have credit cards Typically between 18 – 40. Internet savvy. Also for the conservative who don’t believe in giving their Credit Card information over the Internet
Payment Asia UnionPay Direct Debit lets you Grow your business into China
INTERNET BANKING IN CHINA By end 2005,
there will be an estimated over 103 million internet users. About 17m have internet banking accounts. (Financial Insights, March 2004)
DEBIT REAL-TIME FROM MAJOR BANKS IN CHINA, and more to come with our on-going development!
LOW CREDIT CARD PENETRATION IN CHINA Due to low income debit
cards outnumber credit cards. Popularity use of debit cards in China compares with credit card. For use ONLY within China.
Can’t use credit card? Collect by direct debit from major banks in China
HOW IT WORKS FOR YOUR ADVANTAGE No need for you to quote your sales items in RMB. At the point of payment, the gateway will convert the HKD sales item into RMB. The UnionPay card holder can pay to you by debiting instantly from their bank
accounts. We will settle you the transaction in HKD. 1. Transaction from your website in HKD (which will convert to RMB for payment).
5. Confirmation on payment status.
4. Once Chinese consumer validated, his account is debited instantly, and the system will be notified.
2. We will converts the amount to the equivalent RMB for the consumer to pay you. 3. The consumer selects his bank from China and enters his Internet Banking ID and Password to authenticate himself.
Payment Asia UnionPay Transaction Flow Simple, Easy to Use
1 At your checkout page, users can select to pay by Online Payment.
2 Select China UnionPay payment option. Merchant logo will also be display on this payment page (see example here with Vela Consulting as the merchant)
3 Direct Debit from Bank Accounts At the payment page, your customers will select the option to pay from a China Bank. Based on the selection, the system will convert the transacted amount into RMB. Subsequently, the customer can select which China Bank he wants to debit from.
4
Linking the consumer to their own bank system for payment!
4
Finish!
Your customers will receive a notification on the payment. At the same time, the system will also send a transaction status email to you as well as your server (by integration)
New features in 2008 Payment Asia now Accepting Alipay ! •
We would like to take this update to announces our Partnership Agreement with Alipay of the Alibaba Group (Stock code: 1688) on bridging Overseas Merchants and China Consumer Market. Payment Asia is proud to have tied up with China's largest P2P ePayment company. Under this collaboration, Payment Asia is expected to offer B2C payment consultation advice and solutions to Overseas and China merchants of different sizes from SME to international corporations and the flexibility of e-payment options to C2C online buyers. Quick, efficient and reliable are the three main mottos behind Payment Asia’s strategies to penetrate into this competitive eCommerce industry in China. Our existing China Debit Card package will combines with the acceptance of Alipay for any new sign-up Merchants!
New features in 2008 Payment Asia now Accepting Alipay !
~THANK YOU~
Contact Details: Kenneth Lai Sales Manager Payment Asia (International) Ltd Deliver your eCommerce Advantage Since 1999 DID: +852 3105 8033 eMail: kenneth@paymentasia.com