What is PayEase? PayEase Review

PayEase is a leading international payment platform that provides merchants with safer and more convenient cross-border payment and settlement services.

About PayEase

PayEase was founded in 1998 and is headquartered in Beijing. It has branches in the United States, Russia, Singapore, South Korea, Japan, Hong Kong, Heilongjiang, Shenzhen, Guangzhou, Shanghai, etc. For 20 years, PayEase has been adhering to the corporate values ​​of "customer first, pursuit of excellence, integrity, collaboration, innovation, and sharing", and is committed to building a leading international payment platform that connects the world and provides merchants with better quality and safer payment and clearing services.

On November 12, 1998, the Capital E-commerce Project, jointly initiated by the Beijing Municipal Government, the People's Bank of China, the Ministry of Information Industry, the State Bureau of Internal Trade and other central ministries and commissions, was officially launched, and the Capital Electronic Mall (the predecessor of Capital Easy Payment) was determined as a demonstration platform for online transactions and payment intermediaries. Capital Easy Payment has been in operation since March 1999. It is China's first online payment service platform that provides multiple bank card online transactions across banks and regions. It currently supports online payments from 23 banks nationwide and 4 international credit cards worldwide, and has a huge customer base consisting of more than a thousand large and medium-sized enterprises, government agencies, and social groups.

As a neutral third-party online payment platform with national qualification certification and government investment background, Shouxinyi Payment has strong strength and excellent reputation. At the same time, it is also the only payment platform in China that has passed ISO 9001:2000 quality management system certification. Standardized processes and excellent service quality have laid a solid foundation for Shouxinyi Payment to win the "Best Trust Award for Electronic Payment Users" for three consecutive years in 2005, 2006 and 2007; the "B2B Payment Innovation Award" in 2006; the "ISO/IEC 27001:2005 (Information Security Management System ISMS) International Certification of the Norwegian Classification Society (DNV) in 2007" and the "High-tech Enterprise Certification Certificate" in 2007.

As a senior third-party payment institution, Shouxinyi Payment supports Internet payment, mobile payment, and cross-border payment, and provides customized one-stop domestic and overseas payment + settlement solutions for many industries such as e-commerce, education and training, aviation tourism, cross-border e-commerce, software services, overseas study payment, public utilities, etc. Shouxinyi Payment obtained the third-party payment business license issued by the People's Bank of China in 2011, the cross-border foreign exchange payment business pilot license in 2014, and the cross-border RMB payment business pilot license in 2015. It has also obtained the international ISO27001 information security management system certification and PCI DSS bank card data security certification.

In the 20 years since its establishment, Shouxinyi Payment has loyally served many partners. Tens of millions of people use our products every day, including Fortune 500 companies and top universities such as Tsinghua University, Peking University, and Renmin University of China. At the same time, Shouxinyi Payment has long-term strategic cooperation with nearly 100 financial institutions such as China UnionPay, Visa, and MasterCard, and became a shareholder of China UnionPay in 2017. Shouxinyi Payment's annual transaction volume has grown steadily, and the system is safe and stable. Therefore, Shouxinyi Payment has established a good brand image and reputation in the industry, and has successively won the Internet Payment Industry Leading Enterprise Award, the Top Ten Leading Enterprises in Innovation China (Industry), and the Best Integrity Brand Enterprise in the Payment Industry, and has received support and trust from the government and the public.

Shouxinyi Payment has always taken it as its mission to play a social value and practice corporate social responsibility. Since 2008, Shouxinyi Payment has raised more than 2 million yuan in donations for public welfare through charitable organizations such as the Red Cross and "One Foundation". In the 2008 Wenchuan earthquake, Shouxinyi Payment donated a total of more than 1.6 million yuan to the disaster area in the name of Shouxinyi Payment twice, actively contributing its own strength. Great love has no boundaries, and small love also fills the world. In recent years, Shouxinyi Payment has organized online and offline charity activities in conjunction with Water Drops Convergence Charity Foundation to bring warmth to children in poor areas and strive to realize the beautiful vision of "hearts connected, love filling the world".

"Secure and portable payment services make business simpler" is the business philosophy that Shouxin Easy Payment has long adhered to. Standing on the crest of the mobile Internet and financial networking tide, Shouxin Easy Payment has established the "payment +" upgrade strategy. We will continue to provide merchants and consumers with more valuable products and services to create a better future together.

Service Features

The Shouxinyi payment business platform includes various online payment services such as B2C, B2B, G2C, etc. It supports bank card and electronic recharge and billing systems for payment in communities, the Internet, bank counters, information kiosks, mobile phones, telephones and other terminals, and can be widely used in transaction, payment, billing, clearing, membership management and other application systems in the fields of e-commerce and e-government.

The development of e-commerce is not only an electronic issue, nor is it only a business issue, but also a commercial credit issue. With its unique secondary settlement model, Shouxinyi Payment, as a neutral third party in the payment process, has become an essential part of building the legal and credit environment of e-commerce.

The secondary settlement model is defined relative to ordinary payment services and is a settlement model unique to FirstPay. In the secondary settlement service process, FirstPay does not simply serve as a channel to connect the payment gateways of various banks, but as a neutral third-party institution, retaining the valid transaction information of merchants and consumers, providing strong protection for the legitimate rights and interests of both parties.

Company Qualifications

The only payment platform in China built on the government-owned network

The only payment platform in China that has passed ISO9001 certification

The only "e-commerce demonstration project" in China designated by the government

The only payment platform in China that has won the "Best Trust Award for Electronic Payment Users" for three consecutive years in 2005, 2006 and 2007

The only payment platform in China awarded the 2006 China's Most Outstanding "B2B Payment Innovation Award" by the China Electronic Payment High-level Forum

The only payment company in China named as one of the "Top 100 Innovative Companies in Asia" by REDHERRING in 2006

The only payment company in China that won the "2005 China E-Commerce Integrity Construction Contribution Award" issued by the China Electronic Commerce Association in 2005, and was awarded the "2006 China E-Commerce Integrity Advanced Unit" by the association (only 50 companies in the country won this award)

The only platform in China that is recognized by the Beijing government to provide online public payment services

The only payment platform in China invited to support the 2008 Beijing Olympic Games

Development History

In 1998, the government leadership team decided to launch the "Capital E-Commerce Project".

In 1999, the Shouxinyi payment platform was launched, creating the B2C third-party payment service.

In 2000, we started international credit card online payment business in China, supporting online payment services of more than 20 mainstream banks in China.

In 2006, it launched B2B online payment business and became the exclusive online payment service platform of Beijing Public Payment Alliance.

In 2008, we were invited to participate in the payment platform supporting the "Beijing 2008 Olympic Games".

In 2010, we started business cooperation with Apple China.

In 2011, it obtained the "Payment Business License" issued by the People's Bank of China.

In 2013, it was awarded the QSP qualification by VISA, an international bank card organization.

In 2014, it obtained the pilot business license for "cross-border e-commerce foreign exchange payment business" from the State Administration of Foreign Exchange.

In 2015, it obtained the "cross-border e-commerce RMB payment" business license from the People's Bank of China.

In 2017, it invested in China UnionPay Clearing and Payment Company to help the industry develop in compliance with regulations.

In 2018, the unified cash register was launched; advanced technologies such as big data, AI, and blockchain were introduced into the payment industry to provide diversified payment services for small and medium-sized merchants. Business cooperation was carried out with Amazon in the United States.

honor

As a neutral third-party online payment platform with national qualification certification and government investment background, Shouxinyi Payment has strong strength and excellent reputation. At the same time, it is also the only payment platform in China that has passed ISO9001:2000 quality management system certification. Standardized processes and excellent service quality have laid a solid foundation for Shouxinyi Payment to win the "Best Trust Award for Electronic Payment Users" for three consecutive years in 2005, 2006 and 2007; the "B2B Payment Innovation Award" in 2006; the "ISO/IEC27001:2005 (Information Security Management System ISMS) International Certification of DNV in 2007" and the "High-tech Enterprise Certification Certificate" in 2007. Shouxinyi Payment, which has the highest integrity mark "red label", not only has the characteristics of fairness and security, but also adheres to the principle of "technology first, integrity-based". With its own advantages of convenience, openness and security, it has always been in the leading position of the industry in the fiercely competitive payment business field.

Features

As a pioneer of domestic e-commerce, Shouxinyi Payment has the following characteristics:

Diversity: BtoC and BtoB, online, telephone, mobile phone, terminal and other service forms.

Professional: With the service experience accumulated over the years, we are not only able to become a provider of e-commerce solutions for enterprises, but also qualified to become a long-term e-commerce partner of enterprises.

Innovation: Constantly try new technologies and new applications, and conduct positive and beneficial explorations.

Flexible: multiple service packages, year-round promotional support, and member marketing support.

Target

By further improving and developing a unique secondary settlement model, the goals of FirstPay are:

Minimize the occurrence of chargebacks and fraud in the electronic payment process and create a good trading environment where buyers and sellers trust each other;

Provide comprehensive solutions and technology development services for all types of e-commerce companies;

Promote the application of electronic payments in public utilities, e-government and more industries.