03 JUN

How do independent stations collect money with credit cards and how to avoid chargebacks?

  • Life Style
  • STELLA
  • Apr 20,2022
  • 25

How do independent stations collect money with credit cards and how to avoid chargebacks?

The fact is that whether you are opening a physical store or running an independent station, global payments card processing fees it takes a lot of time and effort.

So in order to make the store operation smoother, there are some issues that we need to understand in advance, such as how to collect credit card issues for independent stations!

Common credit card collection channels.

OceanPayment

Founded in 2014, Qianhai is headquartered in Hong Kong and has operations in Shenzhen, Shanghai, Europe and the United States. Clients include well-known independent sites such as boongoo technology, anker and woowrish.

Marine payment features:

10% guaranteed product deposit and 180 days rejection period

Interest rate of 3.5%, +, 0.3 USD

Only business account opening, office photo, business license, business identification information are allowed

Can only be cashed on a company-to-company bank account

Analysis of the reasons for unsuccessful payment of international development credit card collections are mainly through the following.

1. Incomplete or incorrect information or stop payment in the middle. The bank cannot or refuses to debit the payment due to incomplete or incorrect information when the customer fills in the credit card related information.

2. The card balance is insufficient or the card expiration date has expired. The card used by the consumer to pay exceeds his credit limit or the card has expired.

3. Unauthorized transactions. The card used by the consumer for payment is a 3D card, and the 3D verification code is not filled in during the online payment process.

The management system will determine that the transaction is unauthorized and refuse the chargeback.