Paying alongside your smartphone in China has ended up a normal gesture. According to a survey, 92% of people in China’s largest cities use Wechat Pay or Alipay as their number one way of the charge. And the phenomenon is identical in rural China: 47% of the rural population is stated to use mobile payments very often. we are able to discuss Payment Methods in China.
Best Payment Methods in China 2019
Tenpay is a major Chinese payments solution enabling Chinese consumers to pay online and cross-border. Tenpay is similar to PayPal and allows for payments between persons and businesses. Tenpay is similar to PayPal and allows for payments between persons and businesses. Tenpay wallets can be topped up with cash, (e-)bank transfers and stored credit or debit cards. Supporting Providers.
Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.
Its primary product is a digital wallet, Alipay Wallet, which also includes a mobile app that allows customers to conduct transactions directly from their mobile devices. Alipay is a must-have payment method for any business looking to reach a critical mass of Chinese shoppers both at home and abroad.
China Union Pay
UnionPay, also known as China UnionPay or by its abbreviation, CUP, is a Chinese financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China.
UnionPay-accepting merchants can be found all across the US. These merchants include department stores, brand stores, supermarkets, restaurants, and hotels. It is quite convenient to pay with UnionPay cards at the Macy’s, Apple Stores, Best Buy and airport duty-free shops.
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
PayPal is a service that enables you to pay, send money, and accept payments. Register your credit card or debit card with your PayPal account. Simply choose PayPal when you select a payment option on this site, and you can quickly open a PayPal account and add your payment method to complete your purchase.
Cash on Delivery (COD)
Cash on delivery sometimes called collect on delivery, is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer.
The entire process of COD involves the placement and execution of order except for the collection of the payment. The cash payment is made to the supplier by the buyer after the consignment is delivered. The delivery boy is authorized to collect cash immediately on delivery of the order to the customer’s doorstep.
Credit Cards in China
However, more and more places in China, including hotels, upscale restaurants, and foreign brand name stores accept credit cards, so it is still worth bringing your credit card with you. Visa, MasterCard, and American Express are widely accepted in China.
Debit Cards in China
Most Chinese ATMs accept Visa (Plus), Cirrus and Maestro. They accept both chip-and-pin cards and cards with only a magnetic stripe on the back. There are also special ATMs for foreign cards in many major business and shopping areas.
Major shipping companies in China
- A.P. Moller–Maersk Group.
- Mediterranean Shipping Company S.A.
- CMA CGM Group.
- China Ocean Shipping (Group) Company (COSCO).
- Evergreen Marine.
- Hamburg Süd Group.