The online checkout process is a big concern in the payments industry today – merchants want their consumers to be able to pay with a brand they choose, recognize, and trust.
Alternative payments offer the consumer another payment choice and streamline the checkout process, which leads to increased sales for the merchants. With One Connection to Cardinal, merchants can offer UnionPay, as well as other alternative payment brands, tenders or wallets, to their consumers.
Previously, UnionPay cardholders were unable to complete online purchases with merchants outside of China. Now these cardholders can shop online internationally, and U.S. retailers want to sell to the massive Chinese market.
China is the largest eCommerce market in the world, and accepting UnionPay can open the doors for U.S. merchants to reach more than 3.5 billion cardholders for potential purchases. With staggering statistics of 591 million online users and 47% of their eCommerce dollars spent with U.S. merchants, China can make an immediate impact to merchants’ sales with the right payment method, in-demand products, and marketing.
UnionPay Online Payments (UPOP) provides security, convenience, and global acceptance. 142 geographic markets accept UnionPay cards, and they reported $7 trillion in 2014 transaction volume globally.
With One Connection to Cardinal, we can FutureProof™ your business and help it grow by leveraging UnionPay Online Payments, or many other alternative payment brands we offer. Contact us today to learn more.