Alipay

Cross-border Mobile Payment

Brief Introduction

Chinese buyers can enjoy overseas online shopping though the mobile phone.

  • Product Function
  • Standard Cost
  • Advantages
  • Settlement
  • Application Conditions
1. Real time payment solution:

Chinese buyers purchase products or services from merchants ’website and make a payment in RMB. Alipay will deduct the payment from the buyers’ account in real-time.

2. Settlement:

Alipay collects payment (RMB) from shoppers to BUY foreign currency, and will then remit the sum to receiving bank account of merchants in settlement. At the moment, we support the settlement of 12 foreign currencies.

Type of fee How to charge Fee level
Transaction fee Charge of each transaction value Service Fee. The applicable Service Fee rate of the first calendar month will be 3.0 % of each Transaction Value. Thereafter, based on the Transaction Value of the preceding calendar month, Alipay will charge Merchant Service Fee calculated in accordance with the fee listed below and Merchant authorizes Alipay to deduct such Service Fee from the Transaction Value to be settled with Merchant, and such Service Fee payable to Alipay by Merchant under the Agreement shall be exclusive of Taxes that may be levied by any applicable jurisdiction:

1. Where the Transaction Value of the preceding calendar month is less than RMB 1 million, the Applicable rate for the current calendar month is 3.0% of Transaction Value;

2. Where the Transaction Value of the preceding calendar month amounts to or exceed RMB 1 million, the Applicable rate for the current calendar month is 2.5% of Transaction Value;

3. Where the Transaction Value of the preceding calendar month amounts to or exceeds RMB 3 million, the Applicable rate for the current calendar month is 2.2% of Transaction Value;

4. Where the Transaction Value of the preceding calendar month amounts to or exceeds RMB 10 million, the Applicable rate for the current calendar month is 2.0% of Transaction Value;

Important Note: In calculating the Transaction Value for the purpose of applying the applicate Service Fee Rate herein, the Transaction Value associated with Merchant’s Web mode shall be calculated separately from Merchant’s Wap/App Mode.

Remittance fee Settlement by turnover:

for example: clearing currency is USD, settlement limit will be 5000USD.

Alipay would pay the remittance fee for settlement banks. If there is any fee from intermediary bank and receiving bank, Alipay is not responsible for that.
Exchange rate Alipay would bear the exchange risk and cost None
1. Mobile terminal service includes all advantages of Cross-border website payment.
2. Stable mobile terminal payment service: Alipay can provide the platform as stable, secure and simple as Website terminal which     can deal with huge amount of transaction number.
3. Compatibility: Support wap2.0, wap1.0,web browser and mobile browser.
4. Security: High-quality encrypted access for network transmission.
1. Coverage: 12 settlement currencies

USD, EUR, JPY, GBP, CAD, AUD, SGD, CHF, SEK, DKK, NOK, HKD

2. BUY foreign currency:

After collect payment from buyers’ account instantly, Alipay will buy foreign currency in T+1 day according to spot rate of settlement bank provides.

3. Type of settlement:

a) Settlement by turnover: when merchants’ turnover accumulates to 5000USD (lower limit), we will transfer the payments to
    receiving bank account of merchants immediately.

b) Settlement by period: weekly, monthly, quarterly.

4. Settlement bank:

We open 12 foreign currency accounts in Bank of China and China Construction Bank.

1. Overseas business license and Alipay application form.
2. Shall ensure the reality and validity of application materials.
3. Alipay will audit the application documents.
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