UnionPay International

Quick links

UnionPay International

Your terminal software has been updated so you can now accept UnionPay cards. This lets you offer your customers even more choice in how they pay and opens your business to more customers from among the over 5.4 billion UPI cardholders globally1. UnionPay International (UPI) is one of the largest card schemes based in China and with the number of Chinese tourists visiting the UK now expected to double2 there are lots of reasons your business could benefit from accepting this card type. 

Benefit from recent terminal updates

Cash-in on the UK’s booming tourism industry

The number of Chinese tourists is expected to soar over the next few years.  These tourists are big spenders with over £586 million spent in the UK in one year by Chinese visitors3

Be the first to offer UnionPay in the UK

We’re proud to be the first payment provider to offer UnionPay in the UK as standard on our card terminals, so you can give your customers more choice in how they pay. 

Expand your customer base

Open your business to more payments with over 5.4 billion UnionPay cards currently issued globally. 

Save money with cheaper terminal software updates

There’s even more good news. Now every time your terminal connects via a telephone line to the Terminal Management System (TMS) it will use a Freephone number which could help save your business money. 

Your UnionPay Card recognition guide

To help you spot a UnionPay card, have a look at our guide which will help prepare you for accepting this payment type.

Download the guide

What does this mean for you?

Your terminal has already automatically updated, so there’s nothing you need to do. 

There are some things you need to be aware of. 

One simple cost across all UnionPay transactions – A Merchant Service Charge (“MSC”) of 2.25% will apply to each transaction except for refunds for which no MSC fee applies . This MSC will be deducted from the total amount of each transaction before any balance is remitted to you (called ‘net settlement’). This is different to what you may be used to with other card schemes where you are invoiced separately each month for this MSC fee.

Clear invoicing with a separate monthly statement – Your standard settlement time is three business days, but as the card scheme is based in China and there will be a delay in processing transactions during public holidays in China.

Payments settled around Chinese public holidays – Your settlement timescales will also be different at times, as the card scheme is based in China and there will be a delay in processing transactions during public holidays in China.

More information

Frequently asked questions

We recommend you look at our FAQs on UnionPay to find out more about this payment type. 

Read our frequently asked question 

Contact us - We're here to help

We’re open 24/7, 365 days a year so we’re always on hand to help.