For those online merchants who need collect money from payers online by credit card, they need the support from payment Services Company such as IEFTS.com. Payment services company has the technical connection with banks infrastructure as well as the credit card organizations such as VISA/Master/AMEX/JCB, when the card-holder make a payment online through payment services company and acquiring bank, the authorization request will send to card-holder's issuing bank through credit card organizations, if the authorization information is correct, the acquiring bank and payment services company will receive the information from issuing bank, then the payment will be charged on card-holder's credit card. The acquiring bank will transfer money to the payee through payment Services Company.
IEFTS is one of the major online payment services company in China and already connect with VISA/MASTER/AMEX/JCB through Chinese acquiring bank. Support by the infrastructure and connect with the international credit card organizations, IEFTS can serve for following different kinds of payment
Payment from international* credit card-holders to international merchants.
Payment from international credit card-holders to Chinese merchants.
Payment from Chinese bank-card holders to international merchants.
Payment from Chinese bank-card holders to Chinese merchants.
