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China Payment Services online payment system

China Payment Services
https://www.chinapaymentservices.com/

Updated on December 19, 2014
Views: 2592 | Clicks: 207


Website Screenshot



General Information

Features & Services 
  • Accept more than 2.5 billion Chinese cards
  • Accept mobile payments
  • Accept micro-payments
  • Accept recurring payments
  • Highly secure co-located gateway
  • Online real time payment authentication
  • Comprehensive online reporting
  • Consultative account management
  • Multi-lingual support
  • RMB settlement in China
  • Local currency settlement outside China*
  • Easy integration with technical support
  • Competitive pricing
  • Fast approval and setup
  • POS system options
 

Currencies

CNY, USD, GBP

Countries of use

China, Internationally

Users

merchants

Fees

China Payment Services can provide your business with a direct merchant account payment facility within China or a third party payment facility for businesses based outside of China. Please find below an overview on each payment facility with current rates.

If your business is based outside of China and expects to accept payments exceeding more than ¥640,000 Yuan Renminbi per month (circa $100,000 USD), please contact our sales team for a reduced rate.

China Third Party Payment Facility
Merchant Location Worldwide
Discount Rate 3.5% (Includes currency conversion costs to USD)
Activation Fee FREE (Save $250.00 USD – Special Offer)
Monthly Account Fee FREE (Save $25.00 USD per month – Special Offer)
Transaction Fee FREE†
Rolling Reserve 2% of gross volume*
Wire Fee $55.00 USD
Settlement Currency USD and GBP (Other currencies upon request**)
Settlement Minimum $2,000.00 USD
Settlement Timeframe Weekly in arrears
Cards Accepted Chinese debit cards and credit cards
Integration Method Hosted sales page (https post)
China Merchant Account Facility
Merchant Location China
Discount Rate Rates from 0.7%
Activation Fee FREE (Save $250.00 USD – Special Offer)
Monthly Account Fee FREE (Save $25.00 USD per month – Special Offer)
Transaction Fee From 5 cents USD per transaction
Rolling Reserve 2% of gross volume*
Payment Currency ¥ CNY (RMB)
Settlement Currency ¥ CNY (RMB)
Settlement Timeframe From every 2 days
Cards Accepted Chinese debit cards and credit cards
Integration Method Hosted sales page (https post) / Various

† Items sold below a ticket price of $30.00 USD, will be charged a flat transaction fee of $1.00.

* In keeping with the risk management policies set by partner banks and associations in China, CPS will hold back a 2% rolling reserve for a period of 6 months. For example in the seventh month of processing, your 2% reserve held in month one is returned to you.

** CPS provides settlement in USD, GBP and RMB but can arrange for settlement in another currency upon request (approval based on average monthly processing volume). Please note that a currency conversion cost will be incurred when a currency is converted from USD into your choice of settlement currency. This will take place at applicable standard commercial bank rates on the day of settlement by Commonwealth Bank in Australia.

Integration approaches

pos, web, mobile

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