Can visa be used for virtual currency
China Merchants Bank all currency international credit card (also known as all currency card) is a signature all currency international credit card launched by China Merchants Bank and visa. The card supports visa line, no matter what kind of currency, consumption or cash withdrawal will be free of 1.5% foreign exchange fee. All foreign currency transactions are automatically recorded in RMB, only repaying in RMB. At the same time, the card has a high amount of travel insurance
China Merchants Bank's all currency international credit card only issues visa single currency card, which is a personal card proct issued by China Merchants Bank for customers with overseas travel and online shopping. In order to provide cardholders with more convenience for overseas consumption, rece customers' foreign consumption currency exchange charges, improve customer experience, and strengthen the proct positioning of "preferred overseas consumption" of China Merchants Bank credit card.
the above contents are for your reference. Please refer to the official website of BOC for the latest business changes
if you have any questions, you are welcome to consult the online customer service of Bank of China or download the mobile banking app of Bank of China.
Visa card can be swiped in China. Visa credit card can be used at any place with visa mark at home and abroad
you can log in ICBC online banking or go to the counter to apply for visa verification service, and reserve payment verification information. If the website also supports visa verification, you need to provide your reserved verification information when you pay. For example, the website does not support visa verification
when you pay, you only need to provide the card number, period of validity, and your Pinyin name (which is consistent with what you filled in when you handle the card). The RMB account and US dollar account of ICBC visa card are separate. You can pay directly on the website. After overdraft, you can apply for foreign exchange repayment in ICBC
extended information:
find POS machines that swipe visa channel. Starbucks and four-star hotels generally have them. Foreign supermarket chains may have them (such as testco, AEON). Generally, such POS machines can't be found in convenience stores. Although you use a foreign currency card, it is still priced in local currency. That is to say, when you use a single visa card, you still use RMB
when using visa credit card in China, visa organization will first convert RMB into US dollars after receiving the RMB payment request and charge it into the cardholder's US dollar account, and then need to purchase US dollars in RMB for repayment
in general, when the local currency is converted into US dollars, there will be a currency exchange fee, which is free of charge
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Visa or Mastercard are recorded directly in US dollarsif the consumption abroad is in US dollars, it can be recorded directly. If it is a non US dollar transaction, generally speaking, it can be recorded only after the foreign currency is converted into US dollars
foreign currency exchange requires a service charge, while some banks have opened a free exchange service charge for some cards
GF platinum credit card
RMB automatic settlement for global transactions: the function of "RMB world link" is automatically opened, all overseas international transactions are automatically converted into RMB transactions and recorded, and you only need to repay directly in RMB through the RMB repayment channel, so as to avoid foreign exchange purchase proceres and save costs
CMB credit card
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after opening the "foreign currency consumption RMB entry" function, each subsequent foreign currency consumption will be automatically converted into RMB and recorded into your RMB bill, which will take effect in real time. You can log in to the online banking RMB bill interface to query two working days after the transaction day
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non US dollar foreign currency transactions will be converted into US dollars by international credit card organizations first (ring the above process, visa, MasterCard and other international organizations will charge 1.5% foreign exchange fee). The converted US dollar amount shall be converted into RMB according to the exchange rate of the day of bookkeeping (the selling price of US dollar of China Merchants Bank announced after 10:00 of the day) and recorded in the RMB bill
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for the US dollar bills that have been generated, RMB can also be used for repayment. The function of "US dollar bill foreign exchange purchase repayment" can be opened, and "foreign currency consumption RMB entry" and "US dollar bill foreign exchange purchase repayment" can be opened or closed respectively, without affecting each other< br />
1. Different nature: multi currency credit card is a multi-functional credit card proct launched by ICBC in the world. Visa card is a special proct launched by eurofit digital card for users who do not have international credit cards and need online shopping and activation of various online accounts abroad. Multi currency card
2. Different usage: multi currency credit card is a kind of credit card proct that can be used for direct consumption and payment in multiple national currencies (supporting 10 foreign currency currencies). Visa card can go to more than 1.8 million ATMs in more than 200 countries or regions around the world 24 hours, and withdraw local currency for travel expenses at will
Different organizations: Visa card international organization is a credit card organization composed of International Bank members, which has no shares and belongs to non-profit organization. Multi currency cards are not
extended information:
precautions:
visa card can be used in China, as long as the merchant has opened visa payment, it can be used. When using in China, it is necessary to find a POS machine that can walk through visa channel
since the merchant wants to collect RMB, visa needs to convert the RMB request into US dollars and send us dollar bills
after receiving the US dollar bill, the issuing bank of visa card will convert it into RMB for entry. So the final bill is actually two exchange rate conversions
there is a time difference between the two conversions, which is usually completed on the trading day
because there are two exchange rate conversions, we have to bear the loss of the two exchange rate conversions and pay 1% - 2% of the currency conversion fee
reference source: Network visa card
reference source: network multi currency card
this kind of card organization is visa, but it's UnionPay in China, so it can't be used directly by swiping card. It's suitable for visa machines abroad
visa and UnionPay are card organizations, which are one of the six largest card organizations in the world
here is a brief introction to visa and UnionPay< Visa: Visa International, a global payment technology company, operates the world's largest retail electronic payment network, connecting consumers, enterprises, financial institutions and governments in more than 200 countries and regions around the world, promoting people to use digital currency more conveniently instead of cash or checks. By 2012, there were 155 million customers of financial institutions, more than 1.9 billion cards issued, tens of thousands of merchants, and about 1.8 million Internet ATMs
UnionPay: China UnionPay is a joint-stock financial service institution approved by the people's Bank of China and jointly established by more than 80 domestic financial institutions, with a registered capital of 1.65 billion yuan. The company was established on March 26, 2002, with its headquarters in Shanghai.
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