Alipay
Founded in 2004, Alipay is a third-party payment platform in China, dedicated to providing simple, safe, fast, and convenient payment solutions for enterprises and individuals. The Alipay wallet is a popular digital wallet in China, which merchants from all over the world can add to connect with customers globally.
When paying with the Alipay wallet, buyers are redirected to the mobile app or the website. They can make a payment through authorization, scanning QR code, or entering the payment information.
Properties
The following table lists the product properties supported by Alipay:
Payment type | Alipay+ payment method | |
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK, AlipayJP | AlipayCN |
| Merchant entity location | SG, AU, HK, EU, US, UK, JP | CN |
Buyer country/region | China | China |
Payment flow | Redirect | Redirect |
| Time to return payment result | Real-time | Real-time |
Processing currency | CNY | CNY |
Minimum payment amount | 0.1 CNY | 0.1 CNY |
Maximum payment amount | Unlimited | 300,000 CNY per transaction; 3 million CNY per person per year |
Refund | ✔️ | ✔️ |
Partial refund | ✔️ | ✔️ |
Chargeback/Dispute | ❌ | ❌ |
Refund period | 365 days | 18 months |
User experience
The following graphics show the Alipay authorization journey:
- The buyer selects Alipay to bind.
- The buyer is redirected to the QR code scanning page.
- The buyer opens the Alipay app to scan the QR code.
- The buyer confirms the authorization information.
- The buyer completes the authentication.
- Display the authorization result page.
- The buyer is redirected to the merchant page.
