1. International credit card collection
International credit card collection usually refers to international credit card online payment, which is generally used for small collections of less than US$1,000 in international trade. It is more suitable for online store retail. The main industries involve clothing, electronic products, virtual games and ticket booking.
At present, international credit card collection is achieved through the payment channel provided by a third-party credit card payment company. It is a payment gateway to payment gateway mode (similar to online banking payment).
This payment method can be rejected, thereby protecting the interests of consumers. Foreigners prefer to use it. Almost everyone in Europe and the United States has a credit card, and online shopping is well developed. If merchants want to develop the European and American markets, accepting credit card collection is essential.
2. International credit card online payment process
The risk of using credit cards to pay comes from “using money first and repaying later”. Let’s take a look at the international credit card online payment process: the buyer sends a payment instruction from his credit card to the issuing bank → the bank advances money to pay our bank (referring to the seller, the same below) → the bank notifies the cardholder of the repayment date and amount after the interest-free period expires.
After this, although we have completed the transaction, we will only receive 100% of the payment if the buyer takes the following actions: ① The buyer repays the money before the due date, the transaction is successfully completed, and we receive the payment successfully; ② The buyer first repays part of the outstanding amount, which is generally greater than the minimum repayment amount stipulated by the bank, and the rest is used as a bank loan, 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, achieving a win-win situation.
If the buyer proves that the payment transaction is cancelled, the reason may be return, shortage of goods or quality problems, then trouble comes: when the buyer notifies the issuing bank to cancel the payment, the issuing bank notifies the credit card clearing company, such as VISA, MasterCard or our UnionPay, to request a refund, and then the credit card clearing company will deduct the refund from the receiving bank.
When the receiving bank deducts the money from our card to the credit card clearing company, the following situations may occur.
(1) If there is enough money in our card to deduct, the deduction is recognized.
(2) If there is no money to be deducted from our card, we need to deposit money into it. Then the following problems will arise: ① We confirm the refund, deposit money into the card, and the refund is successful; ② We deny the refund, do not deposit money, and overdraft occurs, then we will be included in the overdraft blacklist and face bank debt collection.