What’s the difference between Domestic Bank Transfer and UnionPay?

Domestic RMB Transfer in Chinese Yuan (CNY)
This is an offline domestic bank transfer. After creating your payment request, carefully review the beneficiary account information provided in the payment instructions and use it to complete the transfer.

Key features:

1. Requires document verification and payer identity confirmation.
2. Payment status is updated within 1-2 business days after the transfer.
3. Eligible for best price guarantee.

For more details on bank transfers, visit our FAQ: How can I make a bank transfer to Flywire?

UnionPay Online Payment
This is an online payment method that supports all debit/credit cards with the UnionPay logo. After creating your payment request, you’ll be automatically directed to the UnionPay online payment platform. Simply enter your card details and verification information to complete the payment.

Key features:

1. No additional document verification or payer identity confirmation required.
2. Payment confirmation is immediate, though it may take 2-3 working days for the funds to reach the institution.
3. Not eligible for best price guarantee.

For more details on UnionPay, visit our FAQ: How can I pay by UnionPay?