IMAGINE being able to sell your products or services to a new and exciting online market worth over US $703 billion that is growing at an incredible pace.
Tapping into the ecommerce market in China should be on your agenda for expanding your online sales. If you don't accept UnionPay cards on your website, you are restricting your company's growth and missing out on a high potential opportunity. With help from China Payment Services (CPS), you can easily add UnionPay acceptance to your site in as little as 48 hours.
What are UnionPay cards?
Unlike bankcards issued around the world, debit cards and credit cards in China are issued with just one central card association, UnionPay. Three in ten cards worldwide now bear the UnionPay logo, so UnionPay now holds a market share higher than that of Visa or MasterCard.
Why accept UnionPay cards or sell to China?
The ecommerce market in China is rapidly growing and some predict it will overtake the US by 2013. By October 2011 the number of Internet users in china surpassed 500 million, most of which would hold a UnionPay card.
With very few people in China (less than 4%) holding a Visa card or MasterCard, you can see why it is important you add this payment type. With the scale of opportunity and increasing level of online buying from China consumers, your business needs to accept UnionPay. CPS provides an online UnionPay facility that is free to set up and works on a flat low rate with no fees.
Adding UnionPay to your checkout is simple and easy. Accepting UnionPay online works on a "push payment" principle, which means your customer is redirected from your checkout to push the payment from their Chinese bank account. It works a little like PayPal. You can see a simple demo on our website.
Why use CPS?
CPS recently launched a market leading cross-border multi-lingual and multi-currency payment gateway dedicated for China, which enables you to easily accept UnionPay cards online, with settlement in your own currency. With a fast and easy setup, 99.999% uptime reliability, advanced security, top fraud protection and consultative support designed to help you grow your China sales, adding UnionPay via CPS becomes an easy decision. CPS is part of the Payment Network International (PNI) group of companies, a leading provider of worldwide payment services.
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