The internet has changed the business world
In is happening daily all over the world
Like the printing press over 650 years go
The printing press enable commutations to towns and cities. The internet enables commutations world wide.
Many buiness are not see the changes
Is your internet present support your trading or point in which you start trading?
The race is on world-wide to control and profit from internet explanation.
Given the indepenant deveopment of the internet in China there are two countries running the internet: USA and China
The internet is merging markets world-wide.
With a little time and knowlodge you can see the opportunity
Your local market in now available internationality
You no longer need to leave your office to trade overside your local market.

Being seen in the Chinese internet

Your local market now has access to Chinese market.

This is due to;

  • Chinese international trading over the internet,
  • Chinese delegations traveling world-wide for trade and education,
  • Chinese people on holiday exporting the world and returning to China with gifts of expletive banded products,

You on longer need to visit China to trade with China.

If you are serious about China, you need to be visible on the Internet in China!

Most overseas websites cannot be seen in China. It is a straight forward process to correct this using Access to China products and services.

We have a unique understanding of the practical and legal web issues, restrictions and requirements in China and how to help companies have optimum web visibility there. We have over 16 years’ experience serving international companies working in China.

Our company was founded to help business be seen in China on the internet and to give software companies access to the Chinese market.

This year we see the start of our own Cloud Hosting Services in China. We believe this is a first for an overseas company in China.

Our knowledge and advice are free. Our Chinese platforms is available when you want to make a start in the Chinese market.

Internetnal internet trading

With the exception of north America and businesses where e-Commerce is part of their core trading I feel the importance of the internet has been lost on many companies trading locally and world-wide.

The internet is often seen as something your business needs a presence on and not the main point in which to start trading. Maybe we saw it as something that was important in the 90’s but we have move on, that was yesterday idea!

This is not the case; the birth of the internet was as important as the birth of the printing press. Like the printing press, the internet is finding different uses very quickly given that the internet, like the printing press, enables faster commutation of information. If the printing press gave access to towns and cities., the internet gives us access to the world.   

There has been a world-wide change in the use of the internet which has been developing over the last 10 years.

The USA has leads the way, “if you are not online you not trading”. This is followed by China, not Europe, with number of users over 800 million and growing. The developing markets of Africa and South America will follow soon.

There has been a growing and changing use of the internet driven by the youth of the world over. 20 years ago, TV, books, newspapers were the main sources of information. Today the growing demands for information, educations and purchases is supplied by the internet.

There is now a generation which grew up with the internet and is working in business. They are changing the way in which we trade locally and international. This change is so great that your local market now has direct access to the international market.

This change is not a “Big Bang” but the changes are happening daily and are often missed by business.

Based on our company extensive knowledge we suggest the following key issues need to be considered;

  • Be seen on the internet world-wide. What services on the internet have been developed recently? Can new services help to grow your business or are they going to take control away from your business?
  • The amount of information being collected has given birth to the term “Big Data”. How can you put this information to use for our business?
  • With each passing generation the world-wide knowledge grows. The world-wide demand for education and training is growing fast along with the growing populations. Is your business seen as a source for information?
  • The world-wide control of distribution channels. The use of the internet enables people to access products and services faster. New big businesses are keen to manage and control access to products and services. Do these new businesses create new business opportunities or effect your current trading?

Web page last modified: May 2018

 

 

Chinese payment gateways

Chinese payment gateways

Having a payment gateway that processes local payment methods, including local credit cards, is needed for success trading on the internet.

All countries have rules and regulations on which payment method can be used and when. To that end, China has its rules and regulations and will not allow a Chinese business to operate payment processes on none Chinese approved systems. This applies to all internet transactions processed on server / cloud / data centres located in China.  all payment made in China must be to a Chinese bank account.

An overseas business needs to have access to some parts of these payment gateways if you want to trade widely and successfully with Chinese people and businesses. “If you cannot take a payment you cannot process an order”.

China have their own very successful payment processing systems and gateway for day to day trading.

Historically China has used cash and bank money transfer. The transfer for monies between account and bank has always been fast. A few minutes between accounts and only a few hours between banks.

Today, like in the rest of eastern Asia, touch payment system from your mobile is replacing cash.  In China we are seeing increasing number of stores on longer taking cash.

Chinese Credit Cards

UnionPay logo sm

Historical Chinese citizens the business credit card processing system is Union Pay. Today, some Chinese credit cards will support Visa and MasterCard processing. Union Pay is still the majority supplier for credit card processing in China.

We recommend that you speak with your business credit card processing company to ensure you can take a payment from a Union Pay credit card.

When processing a Chinese credit card, the monies are taken from the Chinese bank account in your local currency. The purchaser has already exchanged the monies into your local currencies at the Chinese bank.

When using a Chinese credit card overseas it operates like a Debit Card as the funds are taken from the Chinese account to successful complete the credit card processing transaction. Normally within a few seconds confirm on their Chinese mobile.

Please note: currently most Chinese cards will need “swiping” as the “chip and pin” / “contactless” processing is not compatible between countries.

Chinese On-line payment processing

The roll out of payment system in China is happing very fast and many people and business prefer these systems as no cash is required.

  • Local Chinese charge cards.

A local charge card is where you have put small amounts money into on to the card at the outset.

Then stores, etc. take touch card payment. There are different operators in different cities / areas in China.

Often you will find these systems used in food halls where you purchase a prepay card before you purchase and pay for the food with your card. This allows the food halls to process many orders very quickly and unclean money is not handled by the staff serving food.

These systems have been used widely in China for the last 10 years as they remove the need to carry cash, visited banks, etc.

Today these cards have been replaced with APPs on smart telephones. The processing is the same as with the Change Cards. Just the need for the card has been removed.

  • On-line payment gateways.

There are two main on-line Chinese payment gateways;

alipay logo      wepay logo

These are the main on-line line payment processing gateways used on the internet in China.

Alipay, owned by Alibaba, was the first of the major on-line payment processing systems.

WePay, owned by Tencent, is a new system and with its full integration with WeChat is becoming very popular in China.

Both gateways system supports on-line payments, touch payment APPs (therefore replacing local Charge cards) and increasingly bank services.

These systems are cheap are to used, 50% to 75% cheaper payment system we use in Europe.

You can open Alipay and WePay as an overseas citizen or business.

The trading rights you have with these payment gateways within China is changing monthly.

We recommend that you contact the payment gateways directly and find out their terms and conditions.

Ask the specific questions:

Will your payment gateway allow a Chinese citizen or business to make a payment in my on-line store in local Chinese RMB currency and have the monies available to an overseas bank account?

What are the costs in achieving this? (setup, running costs, transaction fees, etc.)

Please remember;
  • If your internet presence is being processed in mainland China, regardless of what the payment gateways say, you must have a Chinese bank account and business.
  • The work-around is to have your Chinese on-line store operate outside China. Have a local marketing presence in China point at the overseas Chinese store. Tmall Global operate this way for overseas businesses (based in Hong Kong).
  • The Chinese government limit the amount of money Chinese citizens can spend overseas each year ($40,000)
  • Many Chinese citizen often have an overseas bank accounts, which is legal, so they have access to overseas payment gateways and credit cards. Therefore, your existing payment system will support some Chinese business in your local market.
Our recommendations;
  • Make sure you credit card processing payment system can process Union Pay.
  • Monitor the international progress of Alipay and WePay. Once they can process Chinese citizens paying in Chinese RMB directly into your bank account outside China then it would be a good time to install them as a payment option for the Chinese market.

Web page last modified: September 2018