Real Time Payment Solution

Chinese buyers make purchases on merchants’ websites and in merchants’ Apps with Alipay. Alipay will deduct the amount of a payment from the buyer's Alipay account in real-time in CNY and settle the payment to the merchant in a foreign currency.

Application Conditions

  1. Valid Business Registration Document, ID certificates of Legal Representative, Shareholder and Primary Contact Person
  2. Valid URL to implement Alipay
  3. The business category must comply with all applicable laws and meet Alipay requirements

Settlement

  1. Supported currencies
    USD, EUR, JPY, GBP, CAD, AUD, SGD, CHF, SEK, DKK, NOK, NZD, THB, HKD
  2. Settlement Mode
    Settlement per amount: when to-be-settled amount reaches or exceeds 5000USD (the lower limit), the total amount of to-be-settled fund will be transferred to the receiving bank account of the merchant.
    Alipay will take care of the remittance fee of the settlement bank and the merchant is responsible for any processing fee charged by the intermediary bank and the receiving bank.

Standard Cost

  1. If the total transaction volume of the preceding calendar month is less than 1 million RMB, the applicable rate of the current calendar month will be 2.2%.
  2. If the total transaction volume of the preceding calendar month amounts to or exceeds 1 million RMB but less than 3 million RMB, the applicable rate of the current calendar month will be 2%.
  3. If the total transaction volume of the preceding month amounts to or exceeds 3 million RMB but less than 10 million RMB, the applicable rate of the current calendar month will be 1.8%.
  4. If Transaction Value of the preceding calendar month amounts to or exceeds 10 million RMB, the applicable rate of the current calendar month will be 1.6%.
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