Resumen
Huifu is an acquiring and payment services provider in China. The company helps businesses accept cashless payments in the Chinese market.
Market specifics
China has its own payment infrastructure and strict regulation. Operating there usually requires a locally licensed institution, so a foreign seller or marketplace that wants to accept payments from Chinese buyers inside the country needs a local partner.
Acquiring and payment services
An acquirer receives money from the buyer's bank or payment system and credits it to the merchant. Payment services are broader and may include online checkout, settlement and reporting. Which exact set the company offers is not specified.
What to ask
Payment methods, pricing, settlement times and merchant requirements are not published. Before onboarding, find out:
- which payment options are available to buyers;
- whether the company can work with a merchant registered outside China;
- in which currency and how fast payouts are made;
- which documents the application requires.
The answers decide whether the provider fits your sales model.
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