What is Payssion? Payssion Review

Payssion is a one-stop global online payment service provider, dedicated to providing "simple, safe and fast" cross-border payment solutions for foreign trade e-commerce, game export and other industries, and provides one-stop services such as global collection, settlement, refund, etc. Through Payssion, you can access more than 200 local payment methods in Europe, the Middle East, Southeast Asia, South America and other parts of the world, making global collection easier.

About Paysion

Payssion was founded on January 15, 2013. It is a leading one-stop global cross-border payment solution provider in China. Payssion focuses on providing "simple, safe and fast" global online payment services for small and medium-sized enterprises and individuals. Payssion's core members come from Internet companies such as Alipay, PayPal and cross-border e-commerce. They have rich experience and risk prevention mechanisms in cross-border payments, and provide convenient cross-border payment solutions to customers in multiple industries such as cross-border e-commerce, overseas games, overseas education, hotels, and air tickets. Payssion hopes to better help Chinese companies and small and medium-sized developers solve the problem of cross-border payment difficulties through a one-stop integration approach.

Payment Methods

E-wallet payment

Payssion has in-depth cooperation with third-party payment and banking institutions in many countries to provide you with a one-stop global online payment solution! Overseas users can use their own e-wallets, prepaid cards, online bank transfers, and even SMS payments. This not only makes payment easier, but also improves the user's payment experience and payment success rate!

Credit card payment

1. Convenient and fast, real-time transactions

Convenience means that consumers can use credit cards to pay online without having to go to the corresponding institutions to handle traditional payment methods such as Western Union, Money Gram, and Telegraphic Transfer. Real-time means that all operations are completed online.

2. Huge market, safe and reliable

There are nearly 1.5 billion people with international credit cards in the world. Almost everyone in Europe and America has a credit card. At the same time, Europeans and Americans also prefer to use credit cards for shopping, which is in line with European and American consumption habits.

It is safe because although the online credit card payment method is provided by a third-party payment company, since third-party payment companies cooperate with banks and credit card organizations, in addition to the third party’s own risk control system, there is also a powerful bank risk control system and the credit card database of the credit card organization as a guarantee.

3. Account is not frozen and the rejection rate is low

According to surveys conducted by credit card organizations such as Visa, Master, JCB, American Express, and Diners Club, the rejection rate is generally below 5/1000.

Online bank transfer

Payssion has in-depth cooperation with third-party payment and banking institutions in many countries to provide you with a one-stop global online payment solution! Overseas users can use their own e-wallets, prepaid cards, online bank transfers, and even SMS payments. This not only makes payment easier, but also improves the user's payment experience and payment success rate!

Prepaid card payment

Payssion has in-depth cooperation with third-party payment and banking institutions in many countries to provide you with a one-stop global online payment solution! Overseas users can use their own e-wallets, prepaid cards, online bank transfers, and even SMS payments. This not only makes payment easier, but also improves the user's payment experience and payment success rate!

Mobile Payment

Compared with credit card or bank account payment, mobile payment has its own unique advantages, such as fast and convenient payment and high payment success rate. Users only need to reply to a text message or enter a PIN code to complete the payment, and the fee will be automatically deducted from the user's mobile phone bill. The entire payment process can be completed in as fast as 10 seconds. Especially for virtual products, such as music and e-book downloads, as well as mobile game recharges, choosing mobile payment can greatly improve the payment experience. Users only need a mobile phone number to complete the payment.

Solution

Foreign trade e-commerce payment solution

At present, foreign trade e-commerce is mainly based on foreign trade retail, and the payment methods for small and medium-sized foreign trade mainly include PayPal, international credit card channels, Western Union and other forms.

When your users come from many countries around the world, you will find that collecting payments is a very troublesome thing. Credit cards are the most popular in the world. Credit card payments are more popular in European and American countries, but not necessarily in specific countries. PayPal is more commonly used in the United States, but few people use it in the Middle East, Latin America, Asia-Pacific and other regions. If you only support credit cards or PayPal, it means that if the customer does not have a credit card or PayPal, the payment cannot be completed. Even if many users have credit cards, they are reluctant to use credit cards for security reasons, such as game recharges. There is another problem. Credit cards have a chargeback function, which also troubles many cross-border e-commerce companies. Faced with the problem of difficult global payment collection, how does Payssion solve it?

In fact, many countries around the world have their own most popular payment methods, such as PayPal in the United States, Alipay in China, eNETs in Singapore, Boleto in Brazil, Sofortbanking in Europe, QiWi and WebMoney in Russia, iDEAL in the Netherlands, CashU and Onecard in the Middle East, etc. Through one-time access to the API interface provided by Payssion, users can easily pay through local payment methods such as e-wallets, online bank transfers, prepaid cards, and cash payments.

Overseas game payment solutions

Due to the fierce competition in the domestic game industry, domestic players are not very good at paying, while overseas users have relatively good payment habits. Many game companies/teams have begun to expand overseas markets, and even many companies have begun to adjust their development strategies and set their goals on diversified operations in the global market. Overseas market expansion is divided into four links, including market research, product localization, payment localization and marketing operations.

In order to better help Chinese games open up overseas markets such as Europe, the Middle East, Latin America and Southeast Asia, Payssion provides a one-stop global online payment solution for overseas settlement of Chinese games, including e-wallets, credit card payments, online bank transfers, prepaid card payments, mobile payments and other local payment methods.

The following points need to be considered when collecting payments for overseas games:

1. Payment localization;

Game payment still needs to choose the user's local payment method, which makes it easier for users to pay and has a higher payment success rate.

2. Diversified payment methods;

In addition to the need to support credit cards, many players are relatively young and many do not have credit cards or bank accounts, so this needs to be taken into consideration.

3. Payment risk control;

The risk control here is mainly aimed at payment methods that can be charged back, such as credit cards or PayPal. Since credit card payments can generally initiate a chargeback within 180 days, this is difficult to avoid and the only way to reduce the risk is to verify the identity of the player and the authenticity of the credit card (to avoid card theft). For individual countries or regions where the probability of chargeback is relatively high, more stringent risk control should be added. Since credit cards are difficult to avoid, some of our game customers simply do not support credit card payments in individual countries with relatively high risks.

In view of the characteristics of the gaming industry, Payssion provides two solutions:

① Game website payment solution:

You can integrate the payment interface provided by Payssion on the official game website or game recharge website, so that overseas users can choose local payment when paying or recharging. The local payment methods that overseas users use more often are Qiwi, Paysafecard, SofortBanking, CashU, Onecard, MOLPay, etc.

② Mobile game payment solution:

Mobile SDK access

By integrating Payssion's SDK payment plug-in, mobile games can also access local payments in various countries in one stop. You can also customize the payment page according to the characteristics of the game to improve the user payment experience.

SMS payment

Mobile payment has its own unique advantages. Users only need to reply to a text message or enter a PIN code to complete the payment, and the fee will be automatically deducted from the user's mobile phone bill. The entire payment process can be completed in as fast as 10 seconds.

Advantages: fast payment and high payment success rate. Disadvantages: high handling fee and long settlement cycle, usually 3-4 months.

③ Single-page online payment solution:

For users who do not have a website, Payssion has two solutions. For users of multiple products, we provide game website building and payment services. Building a website requires a certain fee.

Second, for users who only have one product, we can customize a payment page to easily implement cross-border payment.

Overseas education payment solutions

China has maintained its position as the world's largest exporter of international students for many years, and the demand for safe and convenient cross-border payments is increasing. Payssion can provide a convenient and worry-free cross-border payment experience for international students by cooperating with foreign third-party payment companies and foreign banks.

Study abroad agencies can charge service fees through online bank transfers, Alipay, or even cash, and student payment is relatively simple. Generally, students will also need related services after going abroad. If they want to pay you while they are abroad, it becomes more troublesome to receive the payment. It takes a long time for wire transfers to domestic banks, and both the payer and the payee need to bear part of the fees. If the amount of wire transfers is large, it is more troublesome to check and reconcile the accounts, which not only increases labor costs, but also wastes a lot of time.

Some study abroad agencies open foreign bank accounts to collect payments, which is a better way, but international students are distributed in various countries around the world. It would be very costly to open bank accounts in each country, and some countries do not meet their policies and conditions. How does Payssion solve this problem?

Payssion-Payment Solution for Overseas Study Institutions

After going abroad, students usually open a local bank account or use third-party payment in their own country. Payssion provides you with online payment collection solutions on your website and payment collection solutions from local bank accounts abroad.

① Website payment solution

By accessing the API provided by Payssion once, your users can easily complete payments through e-wallets, online bank transfers, payment cards, cash payments, etc. If you don't have a website yet, we will generate a payment page for you online so that users can choose local mainstream payment methods to complete payment.

② Receiving funds from foreign bank accounts

Payssion can provide you with bank accounts in multiple countries, so that users can complete payments quickly. You can also use Payssion's backend management system to clearly view the country and payer of each transaction, payment time and payment amount. This will not only help you save costs and time, but also allow you to expand your business wholeheartedly. We will settle your payment as soon as possible according to the agreed time.

Air ticket travel payment solution

In recent years, with the development of China's tourism industry, China has become one of the most watched and popular tourism markets in the world. China is the world's third largest tourist destination after France and the United States. Every year, more than 10 million overseas tourists visit China, and the number continues to grow. The largest increase is in European tourists, followed by North America, Asia, South America, and Africa.

How to bring a better travel experience to foreign tourists? In addition to improving the service level, online payment for booking hotels, attraction tickets, air tickets and related expenses will reduce a lot of unnecessary trouble for them. The website can also launch discount promotions online to attract more tourists. Choosing a convenient and secure payment method will help you better expand overseas markets.

Air ticket travel payment solution

For airlines and ticket agencies

· Quick access, integrating local payments in multiple countries around the world in one place;

Meet the online payment needs of users in different countries, improve payment success rate, and enhance sales performance;

· Supports multiple currencies such as USD, EUR, GBP, HKD, etc., with fast and accurate settlement and reconciliation;

For international travel agencies and international tourism websites

· Quick access, integrating local payments in multiple countries around the world in one place;

· You can offer discounts on attraction tickets, hotel accommodation, air tickets, etc. to users around the world through the website, and easily collect payments online;

· Covering most countries and regions in Europe, Latin America, the Middle East, and Southeast Asia;

· Support multiple payment methods such as e-wallet, online bank transfer, credit card payment, etc.

· Supports multiple currencies such as USD, EUR, GBP, HKD, etc., with fast and accurate settlement and reconciliation;

Virtual Product Payment Solutions

When it comes to virtual product transactions, online payment has always been a factor that bothers most merchants. Online transactions of virtual items such as game coins and game equipment generally involve small transactions ranging from a few dollars to several hundred dollars, and the fees of Western Union/TT are relatively high. Currently, some merchants use PayPal, MB, and credit cards to collect payments, but most game players are relatively young and do not have credit cards, so they cannot pay.

Prepaid card payment and game point card payment are the preferred payment methods for virtual items such as game coins and game equipment. Paysafecard, Ukash, and MOLPoints have a large number of physical sales outlets in countries and regions such as Europe and Southeast Asia, and can be conveniently purchased in local newspapers and convenience stores.

① PC online payment solution

By accessing the API provided by Payssion once, your users can easily complete payments through e-wallets, online bank transfers, prepaid cards, cash payments, etc. If you don't have a website yet, we will generate a payment page for you online so that users can choose local mainstream payment methods to complete payment.

② Mobile payment solutions

By integrating Payssion's SDK payment plug-in, mobile games can also access local payments in various countries in one stop. You can also customize the payment page according to the characteristics of the game to improve the user payment experience.

② Mobile payment solution

Mobile payment has its own unique advantages. It is fast and convenient, and has a high success rate. Users only need to reply to a text message or enter a PIN code to complete the payment, and the fee will be automatically deducted from the user's mobile phone bill. The entire payment process can be completed in as fast as 10 seconds. In Europe, America and Southeast Asian countries, there are many users who choose mobile payment. Choosing mobile payment can greatly improve the payment experience. Users only need a mobile phone number to complete the payment.

Rates

Frequently asked questions

1. What overseas local payment methods does Payssion support?

Payssion currently supports payment methods such as e-wallets, prepaid cards, bank transfers (including online bank transfers), cash payments, SMS payments, etc. Among them, e-wallet payment methods mainly include QiWi, Yandex.Money, CashU, Onecard, etc.; prepaid cards mainly include Paysafecard, Ukash, etc.; online bank transfers mainly include SofortBanking, Trustpay, MOLPay, etc., and cash payments mainly include Boleto, etc.

2. What regions and countries can Payssion cover?

The regions that can be covered at present include most countries and regions in Europe, America, Latin America, the Middle East, North Africa, Asia, etc.

3. Do I need a website to use Payssion services?

You can use Payssion's cross-border payment service even if you don't have a website. Payssion will provide you with reasonable cross-border payment solutions based on your actual situation.

4. Can individuals use the Payssion service?

Individual users can use Payssion's services. You can first contact Payssion's account manager, who will tell you the specific process.

5. Does Payssion support credit card payments?

Payssion does not currently support credit card payments. In the future, Payssion will integrate more overseas local payment methods based on customer requirements.

6. Does Payssion support chargeback?

Most of Payssion's payment methods do not support chargeback. Please confirm with your account manager in advance whether the relevant payment method supports chargeback. If a refund is required due to out-of-stock or other reasons, please communicate with your customer first, specify the specific refund amount and account information, and Payssion will handle it as soon as possible.

7. How does Payssion charge?

Payssion does not charge monthly fees, annual fees, or channel fees; no transactions, no fees. The specific payment method fees are also different, please contact Payssion's account manager directly for details. Online consultation

8. How long is the Payssion settlement cycle?

The settlement cycle of Payssion is T+15 days. You can apply for settlement at any time. After submitting the application, the funds will be transferred to you via bank wire on the 15th day. The wire transfer takes 1-3 days, and the arrival time varies from bank to bank.

9. How is Payssion settled?

Currently, Payssion only supports wire transfer settlement. Payssion considers fund security and other issues. Each settlement will be manually verified before settlement. Please carefully check your contact information and bank account information to ensure that Payssion can contact you in time.