China Merchant Accounts
China has quickly become one of the fastest growing countries in the world. With a population of over a billion people and growing, there are immense advantages for business in China. China merchant accounts have become increasingly popular because Chinese banks are willing and able to do business with high risk merchants. It is extremely difficult for companies operating businesses in high risk industries to find a merchant account in the U.S. for credit card processing and other payment solutions. Chinese merchant accounts can provide beneficial tax structures while allowing a high risk business to expand their market coverage. A business may be considered to be a high risk merchant based on multiple factors that will affect your company’s ability to acquire high risk merchant accounts. MNBS Payment Solutions supports a wide array of low and high- risk merchant industries all over Asia.
Advantages of China Merchant Accounts
Chinese merchant accounts have very distinct advantages mainly because they provide unrestricted access to Asia which is one of the largest markets in the world. Some additional benefits of China merchant accounts include:
- Ability to accept more than 2.5 billion Chinese Cards
- Accept mobile payments
- Accept micro payments
- Accept UnionPay merchant accounts
- Highly secure online gateway
- Online real time authentication
- Comprehensive online reporting
- Multi-language support
- Multi-currency acceptance
China UnionPay Merchant Account
China UnionPay was found around the turn of the century and has quickly become the largest form of cashless payment in the Peoples Republic of China and is one of the most popular forms of cashless payment in the globe. With the availability of the internet and its borderless transactions, online businesses who introduce their companies to the Chinese market find it a great benefit to accept China UnionPay for their products.
MNBS Payment Solutions is able to provide China UnionPay merchant accounts along with additional offshore credit card processing options within the borders of China, Hong Kong, or Macau. Please contact MNBS Payment Solutions for more information.