Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

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 AlipayCN 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 AlipayCN 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 AlipayCN:

Payment type

Alipay+ payment method

Acquirer

Alipay SG/Alipay EU/Alipay US/Alipay UK

Alipay CN

Acquiring region

SG/AU/HK/US/EU/UK

CN

Buyer country/region

CN

CN

Payment flow

Redirect

Redirect

Funds deduction

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 period

365 days

18 months

Auto Debit

✔️✔️

Refund

✔️✔️

Partial refund

✔️✔️

Chargeback/Dispute

User experience

The following graphic shows the AlipayCN authorization journey for an app terminal:alipaycn.png

Figure 1. Authorization process