Visa
VISA credit card is a credit card jointly issued by the issuing bank and VISA International Organization. This credit card can be used at VISA merchants around the world. The credit card has the VISA International logo on it. Visa is the world's largest card network by transaction value, offering worldwide services. Visa positions itself as "the best way for everyone to pay and receive money."
Properties
The properties of VISA are shown in the following table:
Availability | Acquirer | 2C2P HK | 2C2P SG |
Acquiring region | Hong Kong | Singapore | |
User region | Global | Global | |
Product features | Payment type | CARD | CARD |
Card brand | Visa | Visa | |
Payment flow | Redirect | Redirect | |
Payment completion | Real-time | Real-time | |
Currency | Supported currencies | See the tables below | |
Settlement currency | |||
Other | Settlement region | Hong Kong | Singapore |
Settlement cycle | T+4 | T+3 | |
3D | ✔️ | ✔️ | |
Authorization validity period | 7 days | 7 days | |
Minimum transaction amount | The smallest unit of the acquirer currency | The smallest unit of the acquirer currency | |
Max transaction amount | 499,999 USD or equal amounts | 499,999 USD or equal amounts | |
Cashier Payment | ✔️ | ✔️ | |
Auto Debit | ❌ | ❌ | |
Multiple partial captures | ❌ | ❌ | |
Partial capture | ✔️ | ✔️ | |
Overdraft capture | ❌ | ❌ | |
Refunds | ✔️ | ✔️ | |
Partial refunds | ✔️ | ✔️ | |
Chargeback | ✔️ | ✔️ | |
Refund period | 365 days | 365 days | |
Installment | ❌ | ❌ | |
Currencies for 2C2P HK
Acquiring currency | Settlement currency | Settlement entity | Acquiring bank of the card |
HKD, USD, GBP, EUR, JPY, SGD, MOP | HKD | 2C2P HK | AEON |
Note: If the merchant's TPV exceeds 1 million USD or that of the card association / acquiring bank of the card, the merchant must sign a tri-party agreement with 2C2P HK and the acquiring bank of the card.
Currencies for 2C2P SG
Acquiring currency | Settlement currency | Settlement entity | Acquiring bank of the card |
AUD, CAD, CHF, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MOP, MYR, NZD, PHP, SGD, THB, TWD, VND | SGD | 2C2P SG | UOB |
AUD, CAD, CHF, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MOP, MYR, NZD, PHP, SGD, THB, TWD, USD, VND | USD | 2C2P SG | UOB |
HKD | HKD | 2C2P SG | UOB |
AUD | AUD | 2C2P SG | MayBank |
CAD | CAD | 2C2P SG | MayBank |
EUR | EUR | 2C2P SG | MayBank |
GBP | GBP | 2C2P SG | MayBank |
HKD | HKD | 2C2P SG | MayBank |
NZD | NZD | 2C2P SG | MayBank |
SGD | SGD | 2C2P SG | MayBank |
USD | USD | 2C2P SG | MayBank |
Note: Acquiring banks support different currencies. 2C2P recommends acquiring banks to the merchant according to the merchant's needs. Each merchant in Singapore must sign the tri-party agreement with 2C2P SG and the acquiring bank.
User experience for 2C2P HK/SG
This section describes the user experience of 2C2P HK/SG in different scenarios:
Merchant is PCI-qualified (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on an app:
Figure 9. Payment process for an app (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on a WEB page:
Figure 10. Payment process for a WEB page (first-time card binding)
Merchant is PCI-qualified (pay with an existing card)
The following screenshots show the journey of paying with an existing card on an app:
Figure 11. Payment process for an app (pay with an existing card)
The following screenshots show the journey of paying with an existing card on a WEB page:
Figure 12. Payment process for a WEB page (pay with an existing card)
Merchant is not PCI-qualified and does not support card binding
The following screenshots show the journey of paying without binding a card on an app:
Figure 13. Payment process for an app (without binding a card)
The following screenshots show the journey of paying without binding a card on a WEB page:
Figure 14. Payment process for a WEB page (without binding a card)
Merchant is not PCI-qualified, 2C2P provides card binding ability (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on an app:
Figure 15. Payment process for an app (first-time card binding)
The following screenshots show the payment journey of the first-time card binding on a WEB page:
Figure 16. Payment process for a WEB page (first-time card binding)
Merchant is not PCI-qualified, 2C2P provides card binding ability (pay with an existing card)
The following screenshots show the journey of paying with an existing card on an app:
Figure 17. Payment process for an app (pay with an existing card)
The following screenshots show the journey of paying with an existing card on a WEB page:
Figure 18. Payment process for a WEB page (pay with an existing card)