What is Alipay? Alipay Review

1. About Alipay

Alipay has established strategic partnerships with more than 180 domestic and foreign banks, as well as institutions such as VISA and MasterCard International, becoming the most trusted partner of financial institutions in the field of electronic payments.

In February 2020, the Central Bank of Nepal issued a license to Alipay. In July, Alipay was selected into the list of excellent blockchain solutions for fighting the epidemic. In October, Alipay launched the "Pay Later" function.

What does Alipay overseas payment mean?

Alipay International Account is a fund account management platform established by Alipay for domestic sellers engaged in cross-border transactions, including the main functions of transaction collection, refund, withdrawal, etc. Alipay International Account is a multi-currency account, including US dollar account and RMB account. Currently, only AliExpress and Alibaba International Station members can use it.

2. How does Alipay collect overseas payments?

1. After the launch of Alipay overseas payment, cash withdrawal is no longer limited to 100 orders, and the "withdrawable amount" in your account can be withdrawn;

2. The payment received through the RMB channel will be directly deposited into the RMB account of the Alipay International account after the loan is released. You need to click "I want to withdraw cash" to deposit the payment into your bound domestic Alipay account. There is no withdrawal fee for withdrawing cash from the RMB account;

3. International Alipay supports binding 3 bank accounts for withdrawing USD at the same time, which is more flexible and convenient. The handling fee for withdrawing USD remains unchanged at USD 20 per withdrawal.