Advantages of international credit card payment
(1) Connecting payment interfaces together makes it easier for customers to pay.
(2) Credit card rejections are relatively troublesome. Users need to apply to the bank and a record will be left in the user’s bank records. Therefore, users generally will not make unreasonable troubles.
(3) Sellers can take a variety of countermeasures against malicious rejections, such as leaving a record of the content of the communication between the two parties. When the amount is large, ask the other party to fax both sides of the credit card. This can effectively prevent the occurrence of malicious rejections and can also intentionally avoid certain malicious rejections.
Credit cards have been around for more than 100 years. Each bank has established a complete set of its own customer credit files. In Europe and the United States, a person’s credit is closely related to credit cards. Poor credit directly affects their job search, loans, car installment payments, house installment payments, etc. Generally, cardholders rarely reject payments themselves. They are usually caused by stolen cards or black cards. The risk control system for credit card payments will block these cards. The rejection rate of cardholders is about one in a thousand.
2. Disadvantages of international credit card payment
1) Exchange rate loss
If an individual uses a credit card to make purchases abroad, especially if the purchase is in a foreign currency other than the settlement currency of the credit card, the exchange rate loss caused by the exchange rate conversion will be relatively large. Therefore, before going to the country (or region), it is best to exchange the currency of the country (or region) first.
2) Network risk
If you use an international credit card to shop on shopping platforms such as eBay and Amazon, cookies (data stored on the user’s local terminal) may be left behind, leaving opportunities for cybercrime. Therefore, after binding an international credit card for payment on an unfamiliar computer, you need to clear the relevant data in time.