WeChat Pay
There are 900 million users on WeChat.
2.1bn transactions are made using WeChat Pay everyday.
WeChat is the most used app in China.
What Is WeChat Pay?
WeChat Pay is considered the biggest rival to Alipay. A service from the popular Wechat Social media app, WeChat Pay is a leading mobile wallet payment method in mainland china, WeChat Pay is used worldwide to facilitate cross-border commerce at the point of sale and online across multiple channels.
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| Payment Type | Commerce Channel | Chargebacks | Recurring | Refunds |
|---|---|---|---|---|
Payment TypeDigital Wallet |
Commerce ChannelE-commerce and in-store |
ChargebacksNot in the instance of fraud |
RecurringNo |
Refunds
|
How Does It Work?
1
Step 1
The customer checks out with Wechat Pay.
2
Step 2
The customer confirms their shipping and billing details.
3
Step 3
The customer authenticates their payment with a unique passcode or pin.
4
Step 4
The customer‘s order is confirmed.
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Frequently Asked Questions
To get a merchant account, all you need to do is send us an application. You’ll be partnered with one of our banking partners in order to provide you with the best merchant account options that are cost-effective and suit your business best.
A merchant account is a business bank account. It’s used to receive payments from debit and credit cards for your products or services. Payments are held in your merchant account until they are settled into your bank account.
The cost of your merchant account will depend on various factors such as the type of industry and/or the level of risk involved in your business. For example, a high-risk merchant account would cost more than a low-risk merchant account.