What does unionpay installment service fee mean?

UnionPay installment service fee refers to the related service fee that users will bear after choosing installment, which is equivalent to the interest or handling fee generated. Generally, it refers to the expenses incurred after the user uses the credit card to handle the installment business in UnionPay.

The installment rate standard needs to be confirmed when applying to the issuing bank for installment. Different banks charge different installment service fees, and some banks charge one-time fees, so the installment rate is the standard of the total installment fee. Some banks charge by installment, so the installment rate is the monthly fee standard.

What is UnionPay staging?

Unionpay installment payment refers to the business that the card-issuing bank pays the cardholder's consumption funds to the merchants in one lump sum when the cardholder uses the credit card, and deducts the consumption funds by installments through the cardholder's credit card account according to the cardholder's application, and the cardholder repays the money on a monthly basis.