PayEase is China’s foremost card payment and transaction service. It provides a wide range of credit and debit card processing solutions. The company is considered to be the largest banking network in China with over 23 major bank alliances that account for 90% of China’s financial industry.
PayEase accepts over 64 types of credit/debit cards, including MasterCard, Visa, JCB and American Express. The company operates globally in many developed and developing countries and has offices in Beijing, Hong Kong and the US.
Its clients include the Beijing government, universities and Fortune 500 companies such as Amazon, Apple and Nike.
PayEase was established by the Chinese government in 1998 as the country’s first independent third-party payment provider and was acquired by its current owners in 2005. It has provided e-commerce services with strict compliance with the standards of the People’s Bank of China since 2000.
PayEase was the first payment service provider in China to acquire PCI Certification, ISO 9001 and ISO 27001. In 2012, it signed an agreement with CyberSource, a Visa company, to provide fraud protection and security management services for Chinese domestic online merchant account holders.
In April 2014, it was one of only five providers in China awarded with a global e-commerce cross-border payments licence. This means that merchants outside of China can now sell their products to customers in the country just by connecting to PayEase.
What’s on Offer
PayEase accepts payments in a multitude of currencies. One of the more notable features of PayEase is that it also provides payment transactions in the Chinese yuan which few companies do. Its merchant services include:
- Mobile payments via SMS
- Online banking and global ecommerce
- Call centre integration
- Points-of-sale terminals
PayEase has a strictly quote-based system which tells you the price of the service based on your requirements. The company asks prospective customers to directly contact their customer representatives in order to find out a detailed price for setting up a merchant account with them.
PayEase offers an easy and user-friendly payment processing platform for all types of users, from small retailers to global businesses. Its major clients include media outlets, online shopping outlets, television shopping channels, mobile carriers and online game operators.
It allows merchants from all over the world easy access to the booming Chinese market through its payment processing solutions. It has an extensively designed platform encompassing almost 90% of China’s biggest banks and supports over 64 credit card and debit card services.
Its technical support and customer services teams can be contacted by e-mail. They promise to respond to any queries within 24 hours.
Disclaimer: Data quoted in this article are true at the time of publication.