If you accept UnionPay, you don’t miss any transactions. UnionPay is China’s most common payment card and the card most Chinese tourists use on their travels. Connecting UnionPay to your cash register is both simple and cost-effective.
Choose Card Payments
UnionPay´s card terminal is connected to your cash register and works just like your other card payments.
Make a transaction
The customer pays with his UnionPay card and confirms with his pin code.
Print out receipt as usual
A receipt will be printed out directly from your UnionPay terminal.
What is UnionPay?
UnionPay (formerly China UnionPay) was founded in March 2002 and is a well-known bank card association formed under the approval of the Government and Peoples Bank of China. UnionPay is the only national bankcard association in China.
At present, it is possible to use the card in more than 170 countries and international regions. With over 5 billion issued cards in total, UnionPay has the world’s largest card user base.
Are there any transaction limits?
UnionPay has no transaction limit. When purchasing with UnionPay debit cards, the cardholder may purchase for the amount available on the card. When purchasing with credit cards, the purchase limit is set by the cardholder’s bank, but no general upper transaction limit exists.
What exchange rates does UnionPay use?
As with Visa and MasterCard, UnionPay has its own exchange rate. Generally, these three courses are very similar to each other. UnionPay collects its exchange rates from several market sources like Reuters, Bloomberg, and the central banks. The current rate is set daily.
What are the advantages with accepting UnionPay?
The more options for payment methods your customers have, the more likely they are to make spontaneous purchases.
The UnionPay logo indicates that your customers can pay with the card that they use and prefers. Shopping is a popular activity for Chinese tourists and they will search, shop and spend more in stores that accept UnionPay cards.
Chinese tourists are the world’s most affluent tourist group and account for the majority of the tax-free trade in EU.