UnionPay Card Review
The UnionPay is a unique digital prepaid card for the territory of China, responsible for handling and processing cashless transactions from most of the country’s banking and financial institutions. It allows them to transfer funds among each other, as well as to a growing number of land-based and online merchants.
A number of banks…
… across China have adopted this payment processor, including leading establishments the likes of the Agricultural Bank of China, the Industrial and Commercial Bank of China, the Bank of China and the China Construction Bank, which were its founding members back in 2002. Since then, more banks from the country and the neighboring regions have made use of its functionality, widespread acceptance and card holder benefits.
…UnionPay cards are practically global contenders to the companies ranking above it – Visa and MasterCard. Even so, over 3.5 billion customers and a growing number of transactions per month have provided quite great prospects for UnionPay card holders.
How Does UnionPay Work?
UnionPay works as any regular credit or debit card you are familiar with using, only eliminating the risks of overdrawing funds or having transaction requests denied for both services respectively.
… interested individuals need to obtain this type of card – just visit and fill in an application form at any of the local bank offices if you’re in the territory of China. Most of the time, the institution will issue the card instantly, particularly debit ones, allowing card holders to use it immediately at any of the local retail venues, online merchants and e-commerce platforms, or even at online gambling websites.
A range of…
…foreign banks and financial institutions also support the card processing service, and allow players from a range of countries worldwide to submit a request to get one. So far, residents from about 30 different countries can enjoy this benefit, while a full coverage of 171 countries by the start of 2019 permits holders to use their cards at the respective markets.
UnionPay at Online Casinos
The rise of the online gambling industry in China, as well as beyond, has made the question of online transactions of all the more immediate urgency.
…the service’s dedicated approach towards China, players at these casino sites are bound to enjoy a top customized experience. What is more, the international player base is just as eligible to make use of the simple deposit and withdrawal procedures executed through this service.
Deposits and withdrawals…
…are performed by accessing the casino platform where you hold a registered account. By accessing its Banking page, players can choose the UnionPay deposit option, input the amount they want to transfer from the prepaid card to their bankroll and confirm it. Cashouts are done in much the same way, with funds moving in the opposite direction.
Pros and Cons
The UnionPay user base is able to enjoy a smooth, secure and intuitive payer experience. The service is supported by leading, trustworthy institutions, employs high-end security and still practices simple, easy-to-use payment services. Its interactive platform is gaining further popularity through its global market presence due to such features, and even more so due to their policy of minute to practically non-existing fee charges.
…some platforms are yet to include it in the withdrawal methods section. This shortcoming urges players to turn to alternative options such as PayPal, Neteller, wire transfers and standard credit/debit card services. What is more, the portion of the player base that are offered UnionPay cashouts may find themselves reluctant to share such private details – name, card number, contact – through a service that dates back from less than two decades ago.
|Link to terms & conditions||https://www.unionpayintl.com/en/aboutUs/|
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