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 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 method

Alipay+ payment method

Funding source

Wallet balance, Cards, BNPL-Huabei, Yu'E Bao

Acquirer

AlipaySG, AlipayEUAlipayUSAlipayUK

AlipayCN

Acquiring region

SGAUHKUSEUUK

CN

Buyer country/region

China

China

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

Unlimited

Unlimited

Refund period

365 days

18 months

Checkout Payment

✔️✔️

Auto Debit

✔️

Refund

✔️✔️

Partial refund

✔️✔️

Chargeback/Dispute

User experience

The following graphics show the Alipay payment journey:

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