What is ECPSS? ECPSS Review, Features

Huichao Payment Co., Ltd. is a third-party payment platform focusing on online payment services, and strives to provide safe and reliable acquiring services for merchants who accept online banking and credit card payments.

About Huichao Payment

• Huichao Payment specializes in providing online payment services. The payment services currently provided include online banking payment, bank cards with UnionPay logo, and credit card payment. At the same time, in order to reduce chargebacks, the company also provides merchants with a risk control system.
• In June 2012, Huichao Payment obtained the "Payment Business License" issued by the People's Bank of China. The company is based on the construction of the bank card acceptance market and actively develops third-party payment business, supporting multiple domestic bank cards and credit card payments. The company's main business types include: online payment, online banking collection, corporate issuance, credit card payment, hotel and air ticket booking and other Internet payment services.

Products and Services

1. Online Banking Payment

1. Product Overview

After users open online banking using bank debit cards or credit cards, they can complete the payment process through online banking, which supports payments from personal bank accounts and corporate bank accounts.

2. Product application scope

Applicable to all kinds of B2C and B2B industries. Physical objects: retail e-commerce, dealer purchases, air tickets and travel, etc.

3. Product features and safety

• Support bank certificate or Ukey protection;
• Large amount;
• Save the cost of accessing banks;
• Convenient transaction management;
• Automatic order replenishment.

4. Product Function Point Payment

• 34 B2C banks and 6 B2B corporate online banking payment;
• Query: interface query, merchant management background query;
• Single and batch query;
• Refund: refund via interface or merchant management backend;
• Single or batch refunds;
• Reconciliation: The merchant management backend provides a file download function and can also provide FTP for reconciliation file transfer.

2. Quick Payment

1. Product Introduction

Quick payment is a quick payment product launched by Huichao Payment in cooperation with banks. After the user binds the bank card account with the Huichao account, he only needs to enter the Huichao account name and payment password to complete the payment.

2. Product Features

• Safe, fast, and high payment success rate;
• More convenient to open and manage;
• Good user experience and supports payment through multiple channels.

3. International credit card payment

1. Product Introduction

Credit card payment is a new payment product launched by Huichao Payment in cooperation with banks. It solves the credit card payment problem of non-face-to-face transactions between merchants and consumers. Customers only need to provide information such as credit card number and expiration date to complete the payment through the bank's direct connection interface.

2. Channel Fees

• Delayed channel: The access fee is 5,000, and the annual service fee is 11,000, a total of 16,000, with a success rate of 80% to 95%, supporting non-3D card and 3D card payments. Features: delayed channel, affordable cost, stable channel, high success rate.
• Real-time channel: access method 8000, annual service fee is 15,000, a total of 23,000, the success rate is 85% to 95%, and it supports international mainstream credit card payments.

3. Settlement

The settlement period is 45 days for the first settlement, 30 days for the second settlement, and 25 days for the settlement after 3 months; settlement can be made twice a month, on the 1st and 16th. The settlement amount is the amount after deducting 5% transaction fee and 10% transaction margin, accounting for 90% of the total amount. 10% transaction margin, rolling settlement after 180 days. If the settlement amount is less than 5000 RMB, the bank will charge a processing fee of 5.5 RMB. If it is greater than or equal to 5000 RMB, no fee is charged.

4. Application conditions

• Personal application: Provide a copy or electronic copy of your ID card and sign a mutual agreement with the company.
• Company application: business license, tax registration certificate, organization code certificate, legal person ID card copy, three copies each, with official stamp. Sign a four-party agreement (print 4 copies).

4. Mobile Banking Payment

1. Product Introduction

Mobile banking payment refers to the process in which users log in to the merchant's WAP website with their mobile phones, place an order, and then jump to the bank's mobile banking via WAP to complete the payment.

2. Features

• Pay anytime, anywhere;
• Huge potential customer base.

Supplier Solutions

It mainly helps enterprises to open up the upstream supply chain, integrate existing resource advantages, combine online omni-channel sales channels, and build an intelligent retail business ecosystem. 0 storage cost and fixed-point delivery are the new model of multi-supplier retail operation for enterprises.

1. Suppliers

• Suppliers publish products on the platform, set supply prices, ship products directly to consumers and provide after-sales service.
• Product management;
• Order management;
• After-sales management;
• Warehousing and logistics;
• Settlement management.

2. B2C Mall Platform

The platform reviews products, sets sales prices, focuses on external promotional activities, and can also achieve zero warehousing on the platform.

• Product management;
• Marketing planning;
• Membership management;
• Statistical management;
• Settlement management.

3. Consumers

Direct shipment and after-sales service from suppliers reduces logistics processes and speeds up receipt and return/exchange time.

• PC Mall;
• WeChat Mall;
• Mobile touch screen mall;
• APP Store-IOS;
• APP Store-Android;
• Alipay Life Account.