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Understanding Payments Industry News

In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.

Latest News from Understanding Payments

Navigating the World of Recurring Payments in 2024: Interview with Melanie Stout

In the dynamic world of recurring payments, each day brings new developments, challenges, and opportunities for subscription businesses! In this fast-paced industry, staying ahead of the curve is essential, especially when facing the biggest challenges of 2024. To...
CROSS BORDER CHINESE PAYMENTS

CROSS BORDER CHINESE PAYMENTS

Merchants domiciled outside of China can accept CUP cards through their acquirers. UnionPay International (UPI) offers interchange rates to acquirers based on country, MCC, card product, and sales channel (e.g. retail, ecom). Interchange rates range from 0.20% to...

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Domestic Payments in China

Domestic Payments in China

U.S. companies expanding into China or companies who already have payment operations in China know that the payments landscape is familiar, yet quite different. China operates a four-party payment system (i.e. customer, merchant, acquirer and issuer) like the U.S.,...

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