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, users 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 | AlipayCN |
| Merchant entity location | SG, AU, HK, US, EU, UK | CN |
Buyer country/region | China | China |
Payment flow | Redirect | Redirect |
| Time to return the payment result | Real-time | Real-time |
Processing currency | CNY | CNY |
Minimum payment amount | 0.1 CNY | 0.1 CNY |
Maximum payment amount | N/A | N/A |
Refund | ✔️ | ✔️ |
Partial refund | ✔️ | ✔️ |
Chargeback/Dispute | ❌ | ❌ |
Refund period | 365 days | 18 months |
User experience
The following graphic shows the Alipay authorization journey for an app terminal:
Figure 1. Authorization process