TL;DR Summary
- The Opportunity: If your business isn’t accepting UnionPay, you’re missing out on the world’s largest cardholder base and a significant opportunity for global growth.
- The Solution: Payverse provides the payment technology to bridge this gap, enabling your business to seamlessly process UnionPay credit card purchases from a massive international customer base.
- The Benefits: Integrating UnionPay through Payverse gives your business a significant competitive edge, helps increase sales, and fosters loyalty with international customers.
- The Unique Advantage: Payverse uniquely offers both UnionPay acquiring (accepting payments) and remittance (receiving funds in your local currency), creating a single, streamlined solution for cross-border transactions.
See our video “Guide To Accepting and ImprovingYour Customer Satisfaction With UnionPay”
The “Missing Piece” in Your Global Payment Strategy
In today’s global marketplace, merchants are constantly seeking ways to expand their reach. For many, that means tapping into the massive consumer market in China and other Asian economies. However, a critical “missing piece” in the payment gateway stack often hinders this expansion: the ability to accept UnionPay.
While most payment gateways offer acquiring for major brands like Visa and Mastercard, UnionPay—the world’s largest card scheme by card issuance—is frequently overlooked. This creates a significant barrier for merchants aiming to serve the millions of UnionPay cardholders making cross-border purchases. If your business is not set up to accept UnionPay, you are missing a significant revenue opportunity.
Why UnionPay is Non-Negotiable for Global Merchants
UnionPay is the world’s largest card network by the number of cards issued, with more cardholders than all other credit card networks combined. For businesses aiming to serve the massive consumer markets in China and other Asian economies, accepting UnionPay is a necessity.
Merchants who overlook UnionPay effectively turn away a huge segment of potential customers, including:
- Chinese tourists and students making purchases abroad.
- A vast market of online shoppers who prefer using their UnionPay cards.
- Hundreds of millions of cardholders who expect a convenient and familiar payment experience.
By not accepting this preferred payment method, you risk higher rates of cart abandonment and lose out on significant sales opportunities.
How Payverse Bridges the UnionPay Gap
Payverse solves this problem by enabling seamless integration of UnionPay acquiring into your existing infrastructure, empowering you to unlock new revenue streams.
By integrating Payverse to accept UnionPay, your business gains:
- Massive Market Expansion: Instantly connect with the world’s largest cardholder base.
- Increased Sales and Revenue: Offering preferred payment methods reduces cart abandonment and increases successful transactions.
- Global Competitive Edge: Differentiate your business from competitors who may not yet accept UnionPay.
- Enhanced Customer Loyalty: Providing a convenient and familiar purchasing experience fosters trust and encourages repeat business.
The Payverse Advantage: Acquiring + Remittance in a Single Solution
What truly sets Payverse apart in the U.S. market is its unique ability to offer both
UnionPay acquiring and remittance services. This dual capability simplifies the entire cross-border transaction lifecycle for your business.
- UnionPay Acquiring: This allows your business to seamlessly accept and process payments from UnionPay cards.
- Remittance: This crucial service enables you to receive your settlement funds efficiently and reliably in your local currency, such as USD. This eliminates the complexities of international fund transfers and ensures a predictable cash flow.
With Payverse, you no longer need to manage multiple providers for payment processing and fund settlement. It is a single, comprehensive solution that streamlines operations and reduces administrative burden.
Ready to Unlock Your Global Potential?
In the evolving landscape of global e-commerce, embracing diverse payment methods is a necessity. For merchants seeking to tap into the immense potential of the Asian market, Payverse provides the essential “missing piece”. Stop turning away the world’s largest customer base. It’s time to expand your global footprint and unlock significant new growth opportunities.
Contact a Payverse specialist today to enable UnionPay and start growing your international sales