1. The process of international credit card payment on cross-border e-commerce platforms
The process of international credit card payment on cross-border e-commerce platforms is as follows: Merchant website access to international credit card payment → Overseas customers select their favorite products on the merchant website, put them in the shopping cart, confirm the order amount, delivery address and other order information → Select international credit card payment → Select the card type → Enter the relevant information of international credit card → Submit payment information → Bank feedback payment results → Merchant ships → Merchant finds a third-party payment gateway or bank to settle the payment to the merchant’s domestic bank account.
2. What is the credit limit of international credit cards?
It is understood that international credit cards are given credit limits based on the comprehensive assessment of the cardholder’s credit status. Therefore, the better the credit conditions of the applicant, the higher the credit limit will be. The following factors are mainly considered when approving the credit limit.
(1) Personal conditions. The basic requirements of banks for credit card applicants are to have a fixed job and stable income and to be over 18 years old. However, to apply for a credit card with a higher credit limit, the cardholder is required to have a higher income and a more stable work unit.
(2) Cardholder’s economic conditions. Economic conditions are the main factor that determines the credit limit of a credit card. People who own a house, a car, and savings will have a higher credit limit.
(3) Personal credit conditions. The better the applicant’s credit, the more likely they are to apply for a high-limit credit card; the worse the credit, the lower the probability of a successful application, or even no credit card application.