It’s also important to note that neither WeChat Pay nor Alipay usually allow you to set up recurring payments.We recommend finding an experienced tax specialist to do this for you. However, neither company will keep track of sales and withholding taxes you are required to submit to the Chinese tax authority each year. Each payment system will automatically deduct a per-transaction fee.Your money will be deposited to a Chinese bank account, so you will need to work out a reliable system to convert the currency and transfer to your company accounts outside of China.You will need to speak Chinese to complete this process, as all forms, documentation, and support are provided in Mandarin only.Important Limitationsīefore you begin this process on your own, there are some other important considerations to keep in mind: Soon, you might not even need your phone at all! This year WeChat Pay introduced Palm Payment, which yep, literally means scanning your palm to make a payment.WeChat Pay in action.Digital Yuan, or e-CNY, is now being rolled out across China and can be used on WeChat Pay for anything from ordering a cheeseburger to paying your bills.Like Alipay, WeChat Pay can now link both Mastercard and Visa cards as a form of payment.Check out our Alipay Guide for more information TourPass has now been upgraded to Tour Card, which you allows you to preload you Alipay account.Visitors to China are now able to link both Mastercard and Visa cards to Alipay and use this as they would normally to pay for goods and transport (and yes, that includes the subway!).Play WeChat Pay vs Alipay || 2023 UpdatesĪpps are changing all the time ( looking at you, Twitter), but luckily we’re here to keep you up-to-date on the latest and most important updates of the year. The Alipay app also allows users to use in app third party services such as: In fact, WeChat actually has a lot of partnerships set up with other Chinese companies which allow you to directly access them as a Mini Program. JD is not the only app you can access thorugh WeChat. You are also able to directly access JD through the WeChat app. Similarly, thanks to a deal in 2015 between Tencent and Jing Dong, you are only able to use WeChat Pay as a mobile payment on JD. This is because they are both owned by Alibaba so it makes sense for their business not to allow their competitor WeChat Pay as an option on their shopping apps. You’ll see that the only usage Alipay has which WeChat Pay doesn’t is the shopping apps Taobao and TMall. In fact, there are now some shops and venues which only accept mobile payments. Whether it’s ordering food, getting a taxi, topping up your electricity, buying plane tickets or sending money to friends the sky really is the limit with these mobile payment apps. Yes, nowadays WeChat Pay and Alipay can be used for pretty much everything. WeChat Pay vs Alipay || What Can They Be Used For? Living in Beijing Part 1 | Being a Beijing Expat 🌎 What’s the Deal?īeijing is an incredibly large city, and because of this looking for apartments and getting prepared for living in Beijing can be extremely daunting. With more supported currencies and a much higher limit for withdrawals, you can see some of the ways that Alipay is more focused towards ecommerce and business. In the table below you can see some of the key differences between the two smart payment systems.
As Alipay was originally created as a payment platform for the Alibaba website, it has become more of an escrow payment service. Popular uses are purchasing groceries, paying bills, transferring money to friends, sending red envelopes and other everyday transactions.Īlipay on the other hand puts more emphasis on e-commerce payment and financial services. WeChat Pay is more of a social app used by most users to navigate their daily life. This means that although both systems can be used for similar things the focus of them is slightly different. The main difference between WeChat Pay and Alipay is that WeChat Pay is an in-app feature of the social media app WeChat whereas Alipay is a dedicated smart and mobile payment system.
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