How Does Credit Card Processing Online Work?

An international credit card is a card issued by a bank in conjunction with the International Credit Card Organization to those with good credit standing and able to make overdrafts worldwide. At the same time, the card is also used to confirm the identity of the user on the international network. Credit card visa \\ master payment is also universal in the world and has the widest coverage in the world, especially in Europe and the United States, which already dominates. This has caused a payment problem. Because the credit card mechanism in Europe and the United States is quite mature, international credit card organizations require that credit cards in Europe and the United States can be refused. This is nothing more than a guarantee for consumers. Therefore, many foreigners will repeatedly ask for it; for buyers, foreigners If the customer pays online, he has to find a third-party payment platform to collect it, which results in an international credit card payment.

International Credit Card Online Payment

International credit card payment generally refers to online payment by international credit card, and is generally used for small collections of less than $ 1,000 in foreign trade. More suitable for online retail: the main industries are clothing, electronics, virtual games and ticket booking.

At present, international credit card collection is a third-party credit card payment company that provides a payment channel to achieve the purpose of receiving payments. It is a payment gateway-to-payment gateway model (similar to online banking payment). There are mainly Shenzhen Youspay, online banking, Paypal and others provide online payment services. This payment method can be refused and protects the interests of consumers. Foreigners prefer to use it. If you want to do the European and American markets, almost everyone in Europe and the United States has a credit card, online shopping is developed, and credit card collection is indispensable.

First: Connect payment interfaces together to facilitate customer payment;

Second: The credit card chargeback is relatively troublesome, requiring the user to apply to the bank, and will leave a sum in the user's bank record, and the user will not unreasonably make trouble in general;

Third: The seller can refer to multiple methods for malicious chargebacks. For example, leaving a record of the content of the communication between the two parties. When the amount is large, the other party is required to fax the credit card on both sides. This can effectively prevent the occurrence of malicious chargeback. You can intentionally avoid certain malicious chargebacks, which is only for customers in more serious areas. The advantage of this is that when the bank presents the survey form, you can use these things to resist the user's chargeback against you. The cardholder's refusal to pay will have a relative impact on his own reputation in the bank. Credit cards originated in European and American countries in the 18th century. With a history of more than 100 years, each bank has established a complete set of its own comprehensive customers Credit files, a person s creditworthiness is closely related to credit cards in Europe and the United States. Poor creditworthiness directly affects his job search, loan, installment payment of cars, installment payment of houses, etc. Generally, cardholders rarely refuse to pay by themselves. Generally, it is caused by stolen cards and black cards. The risk control system for credit card payments will block these cards, and the cardholder's rejection rate is about one-thousandth.

Then the risk of paying with a credit card comes from "paying money first, then paying back." We can look at the process:
1. The buyer issues a payment instruction from his credit card to the issuing bank.
2. The bank advances the money to our bank 3. The bank informs the cardholder of the repayment date and amount of the interest-free period.
After that, although we have completed the transaction, the purchase price is only guaranteed 100% when the buyer takes the following actions:
(1) The buyer repays before the repayment date expires, and the transaction is successfully completed. Our payment was successful.
(2) The buyer pays the part first, which is generally larger than the minimum repayment amount specified by the bank, and the rest is used as a loan to the bank, and confirms that he agrees to pay the interest, and then gradually repays the principal and interest. In the end, the buyer gets financing convenience, the bank gets interest income, and the seller gets the payment in time for a win-win situation.
If the buyer proves that the payment transaction was cancelled, the reason can be a return, etc., or a shortage, or a quality problem, then the trouble comes:
When the buyer informs the card-issuing bank to cancel the payment, the card-issuing bank informs the credit card clearing company, such as VISA, MASTER or our UnionPay, to request a refund. The credit card clearing company will then deduct the refund from the payee bank.
Then the beneficiary bank will deduct from our card to the credit card clearing company. At this point, there may be situations:
(1) If we have enough money in our card to deduct it, we will recognize it.
(2) If there is no money in our card, you need to deposit it. Then the problems that will appear at this time are:
a. We confirm the refund, deposit into the card, and refund smoothly.
b. We deny refunds. If we do not deposit, we will form an overdraft, enter the overdraft blacklist, and face bank debt collection.

1. VISAMASTERVIP channel 2, VISAMASTER non-3D channel 3, VISAMASTER3D channel 4, MONEYBOOKERS channel 5, AE American Express card channel 6, JCB channel