I opened a chinese bank a/c (savings a/c i think) with ICBC (in BJ) in 2hrs with my UK passport. Wow. If you have turnover below this we can offer you a simple flat rate but with a fixed terminal rental fee. I thought it was because I was in china. Save my name, email, and website in this browser for the next time I comment. ok success. I would bet a lot of money that it makes a difference, and in most countries outside of Asia, UnionPay isnt an option. Its your choice with Smartpay. The fact I could add mg cards to the wallet means wechat have enaBleD the functionality on their Side. If only WeChat could accept Visa or MasterCard as payment options, life in China would be so much easier! Last Updated: 19, September 2022. I havent tried using the barcode for offline transactions, will try that when I get the chance and see if it bars using the foreign card as others mentioned. Any bank or products which is possibly to open digitaly and can be delivered to EU postal address. the First several banks i tried (e.g. If youve entered legally, they already know everything about you. And Have you manage to pay for anything? I also wasnt able to connect my Chinese bank account at all because it asked for a Chinese National ID number in the connection PROCESs. But foreign cards are no good for funds transfer or offline payments e.g. Our Express Post service is not affected by the rail network disruptions. So, in the end, they couldnt edit my name to how it is written on my passport. Theyll issue you a bank card immediately and you can add that card to WeChat. Your email address will not be published. Wechat Pay in fact outline this limitation in their FAQ. Each tiers rates are based on a merchants overall processing volume, industry and typical transaction types, such as online or in-person sales. What Is a Credit Card Processing Company? Somebody posted somewhere that it was at least possible to do some payments with them, e.g. 33.9: 2022/02/24: Boris Kolev: Changed payment_type to payment_subtype for Mobile-Tokenized transactions like Apple Pay and Google Pay. Excelent article. This happened to me recently too while I was traveling in China. Stripe also offers 24/7 email, chat and phone support. I have not tested paying anyone yet, but i have a qR screen now. Yea, that sounds similar to most accounts that Ive heard. Low withdrawal fees from STICPAY account to STIC card (1.3%). Last time I checked you could open a temporary account from many foreign countries. I then noticed that my credit card was debited aud0.07 In this article, I will explain step by step how to create and verify your Alipay account without using a Chinese bank card. Someone sent me about 700 RMB. Small, low-volume businesses looking for low monthly rates and transaction fees. You can find details about changes to our rates and fees and when they will apply on our Policy Updates Page or as otherwise required by the user agreement. Square keeps things simple for business owners with flat credit card processing rates based on the type of sale, regardless of the credit card used. under the payment code is my mastercard information which i had just added. the failure point wasnt bank account, credit vs debit, or even china phone# i have all of those. How To Choose the Best Credit Card Processing Company, Credit Card Processing Company Pricing Structures, How To Reduce Your Credit Card Processing Costs, Credit Card Processing Equipment and Systems, Best High-risk Merchant Account Service Providers, Toast POS Review: Features, Pricing & More, 7 to 15 cents per transaction, plus interchange rate, From 0.10% plus 5 cents per transaction, plus interchange rate, 3 cents to 10 cents per transaction, plus interchange rate, From 0.14% plus 7 cents per transaction, plus interchange rate, Long-term contracts with termination fees, POS only works with Clover merchant account, Monthly or pay-as-you-go plans for QuickBooks Desktop users. The relative can also open a bank account in Belarus in my name, if its necessary. To register with Alipay in Malaysia youll need to take the following steps: Once your Alipay account is up and running you need to add funds. And if you absolutely must add money to your WeChat Pay account, you can do so using the alternate methods mentioned above. I dont know what the balance is. NOTES: Knowing what goes into credit card processing fees can help you understand your options and spot the best payment processing service for your business. Either way you can keep your business bank and still get your money fast. Australia Post Travel Platinum Mastercard - Prepaid travel money card Left arrow to indicate to go back Back to Organise travel money Cash Passport Platinum Mastercard However, these providers typically have higher flat-rate processing fees that can cost more compared to processors that combine monthly fees with lower rates. 3. Cardwiser The cardholder later pays the issuing bank what they owe for every purchase plus any fees or interest accrued as per the card agreement. Established in 1998, PayPal quickly became known as that platform anyone could use to send money to anyone else just using an email address. For more info on getting funds in China, check out my article on the cheapest ways to get cash in China. ECARD is a Fintech company headquartered in New York that provides cross-border payment solutions. Australia Post Travel Platinum Mastercard - Prepaid travel money card Left arrow to indicate to go back Back to Organise travel money Cash Passport Platinum Mastercard So. The Forbes Advisor editorial team is independent and objective. Before UnionPay and various other payment solution providers were created in China, such as Alipay, the Chinese often walked around with a large amount of cash while traveling overseas. If banks Of your contry issue diners club or discover card, I suggest you apply one as backup. 3. you will be taken to a green screen. As you can see, having a UnionPay card is beneficial and convenient. To pay individuals in China to their Union Card is better use services like Wise: How to transfer money to China, Hong Kong, Thailand and other countries cheaply, quickly and safely. Get yours for 9 USD. The company also offers two interchange-plus plans for larger businesses. How do I transfer money via WeChat to my family who comes for a short visit? So have your passport handy before you get started! So quite the opposite to steves experience (which seemed to happen in china) Payment Depot plans cost $59 to $99 per month, based on annual transaction volumes of $125,000 to $500,000. Your API keys carry many privileges, so be sure to keep them secure! Note: This manual payment method will only be available if the country of your ad account is set to China and your currency is set to the Chinese yuan (CNY). I got charged $0.10 for adding two cards and they both dont work with wechat pay. this card could also be used in most any american store to make a payment like a debit card. Economy Sea services are only available at Post Offices. Thanks for the INFO. Follow the prompts to add your bank details and eligible phone number. same here. Choosing the best credit card processing company depends on what you need from a payment service. You can view and manage your API keys in the Stripe Dashboard.. Test mode secret keys have the prefix sk_test_ and live mode secret keys have the prefix sk_live_.Alternatively, you can use restricted API keys for granular permissions.. On the WeChat FAQ website, it does clearly say that using international cards WeChat Pay does not support Red packet, transfer, top up and withdraw WeChat wallet balance. Apparently, WeChat Pay just got more restrictive; I have my American VISA credit card successfully linked (but not usable), and when I tried to accept a red packet a couple of days ago, I got a notification telling me to add a Chinese Bank Card. I moved to china this week, got wechat, and a coworked sent me money to my wechat wallet. Good luck! Square made a name for itself in 2009 by offering small businesses an easy-to-use, all-in-one credit card processing system. As Dominic said, chat, upper right, money, receive! Shopping in iHerb from Malaysia? The service offers a mobile payment app, reconciles with QuickBooks accounting software and supports invoicing, e-commerce payments and makes deposited funds available the next day. Who should use it: Businesses looking for low monthly pricing, low predictable fees and 24/7 customer support. This time around, it seems that things are different. I cant transfer money or pay with the QR code, but I can use them to pay in apps like Meituan and other Waimai apps. If I register a WeChat account using a Chinese mobile number, the WeChat Pay becomes visible as soon as the WeChat account is setup. I live in the UK now. A little something with a lot of possibility, a great way to say thank you or treat someone special. We will review each one of them in greater detail in this article. How can I use Unionpay card that I open through STICPAY? Yea, there have been so many changes that its hard to tell whats possible and whats not. First, lets start and check what the requirements are to apply for the card first. R, My suggestion is to open an Alipay account. Travel China the smart way! Yesterday March 31/2021 I gave CUSTOMER service a chance ,and I was able to reset my WeChat wallet password, and even add An us bank account. Please see the delivery estimates and destination guide below for more info. AlliedWallet: even their webpage for sign-in doesnt work, Thank you, Ilia, the post needs an update, Chinese regulations change constantly and some services stop working. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. A crucial thing to remember when sending money abroad is to always check exchange rates. so for about a year now, i have been able to receive red packets,buy stuff using the qr while i was in china and make transfers. Were engaging the Commonwealth Government around participating in national emergency relief and response arrangements. These cookies ensure basic functionalities and security features of the website, anonymously. Digital Journal is a digital media news network with thousands of Digital Journalists in 200 countries around the world. Something went wrong. But still cant top up money from cc to wallet. Do U have any Idea how to get an Prepaid Unionpay card from oversees before my trip starts? Its your choice with Smartpay. Thanks for sharing your experience, Annika! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Get some of the best China travel tips delivered to your inbox. Its worth knowing in advance that to get full access to your account, you need to verify your name and personal details using your passport. I successfully linked my Swedish AmEx credit card by the method described by Dominic, even if I understood I would probably not be able to pay with it. Either way you can keep your business bank and still get your money fast. Ive seen it done, so I absolutely believe you. CleanTalkUsed to prevent spam on our comments and forms and acts as a complete anti-spam solution and firewall for this site. Helcim offers a ton of flexibility and value to both online and brick-and-mortar merchants with a variety of built-in tools, including a POS, online store, customer relationship manager (CRM) and even an online food ordering tool. Load enough funds to cover your trip, and you can use Alipay as if it were a prepaid card. You might want to try Alipay, where Ive heard some people have had success. To apply for a UnionPay Prepaid card, you need to provide the following: These documents need to show the following information: Besides, you must have more than USD 110 in your STICPAY in order for them to process the card. The article you have been looking for has expired and is not longer available on our system. this was the case until PBOC stopped this practice, instead asking all transactions via these third party payment apps to be settled via a centralized clearing house (similar to unionPay). it never worked (as many commenters on this article have attested to). Instead the only way to get money into the wallet was accepting a transfer from a friend or using a peer to peer transfer service. It works only in coordination with the primary cookie. Past performance is not indicative of future results. Sorry to hear about the trouble, Jestyne. But I cant confirm as it is pretty embarrassing trying things with locals which then probably wont work, just to reach for the cash again in the end. Wechat Pay is simply a platform and all the payment is still processed by those payment networks. Thank you. Australia Post acknowledges the Traditional Custodians of the land on which we operate, live and gather as a team. Use for shopping in-store, over the phone, online wherever Mastercard is accepted. 1. If this is an Alipay PaymentMethod, this hash contains details about the Alipay payment method. Then I asked a Chinese colleague to send me money so that I have a balance on my wechat wallet, and that works for payments. to exhibit at trade shows in Guangzhou etc. As I open up WeChat on my phone, the first thing I do is click Me on the bottom menu to find my Wallet. Figuring out your average card processing rate, called the effective rate, is a quick way to see if youre spending too much on card processing. Make sure youre working with smaller amounts of money before you verify whether you can get WeChat Wallet to work for you. I have an ICBC card valid until 2027. Ive already added my Bank of Communications card to WeChat, which works very well, I might add. There are two different types of QR code scanning. But i found a bank that did. 1. Thks. Do I transfer money electronically from my US bank? Heres how to link a card and top up Alipay in Malaysia: Open the Alipay app; Go to the settings page by clicking on the gear icon; Look for the Bank cards button i walked into a local icbc in bejing and shanghai, and they all said they cant open a bank for a foreigner. 61 % of consumers are for the idea of openly accessing their finances so they can view credit card and bank account balances when making payments via a mobile app. I dont know about you, but thats slightly scary. Same issues and frustrations . Clicking on the card details gets a message saying WeChat Pay supports VISA and MasterCard and is PCI-DSS compliant to guarantee your payments are SECURE. But I can do nothing with the CARDS. i get a notification screen that reads According to local regulations, you must add a mainland china bank card to complete your identity information in order to continue using wechat pay.. CleanTalk sets this cookie to prevent spam on comments and forms and act as a complete anti-spam solution and firewall for the site. This FAQ doesnt say that account registered only with international cards can not generate QR code or scan QR code to pay merchants however that appears to be the case. Wonderful haha Typically, the consumers statement shows a cleared charge within one to two business days and the merchant receives the funds within one to two business days. Yes. But I dont know of too many VPNs that have servers in China. Review of eToro fees in Malaysia: a cheap way to trade US stocks? Use a card in 170 countries, spend with Apple and Google Pay, and withdraw anywhere. Note: This manual payment method will only be available if the country of your ad account is set to China and your currency is set to the Chinese yuan (CNY). This happens in the few seconds it takes for a cardholders credit card to be approved or denied. I will be going to China and have a few questions. I would like to open up a Chinese bank card in the usa (ICBC). I saw alipay was one way but youve got to get a trustable Chinese friend. paying merchants, either you scanning their QR codes or you generating a QR code for them to scan. Items sent fromSouth Australia,Tasmania and the Northern Territory must travel interstate before departing Australia. This is the payment flow for online banking, most wallet, and Middle East card payment methods. I was wondering if anyone knows how to remove credit/debit card from wechat pay? I have another question. There are four main reasons for this that almost create a Catch 22: As you can see, having a UnionPay card is beneficial and convenient. b) ALIPAY worked fine as an alternative. Thank you for the feedback, what about the other 2 options? Option to absorb all debit fees, or pay specific transaction fees yourself on behalf of a customer, Merchant service fee payable for Alipay and WeChat Pay (surcharging coming soon), Available if you average over $15K per month in credit card transactions, Available if you average over $10K per month in card transactions. any update on this? All the three international pay mentioned above are quite different from WeChat Pay or AliPay for that matter. Note: The Alipay account I mentioned in this article refers to the Alipay personal account, which is different from the Alipay business account offered by Alipay for some foreign companies. You might be using an unsupported or outdated browser. I just added my US credit card. However, i will add that while i worked in china i found that the easiest way to transfer funds from china to usa was to have two paypal accounts, one chinese and one usa. Show me another country that tracks your spending alongside your passport information and Ill be happy to revise the statement. Just did it today(07/28/2018) WITH uSA number and credit card: Has been very useful in accepting payments from my Chinese clients while travelling and especially now that I am in my home country I could withdraw at any atm in the local currency despite deposits being made in RMB. Keep in mind that the card can only be shipped to a US-address as well. thats a lot of information that the Chinese government all of the sudden has access to. I have not been able to topup to the wallet or receive RMB transfers from friends in China, it says those features are only available to users who have verified their identity using a bank card issued in mainland China. In fact, you can send and receive money within just a minute, no matter your location. Im from Australia and I just connect my Master debit card and my Visa credit card. When you add payment information, are you guys getting charged? Allied Wallet doesnt stipulate any requirements to apply for a UnionPay prepaid card. If the merchant has a way to scan your phone and youve linked a card, you should be able to pay. WeChat and AliPay have always had one shortcoming for foreigners and its actually incredibly relevant to a lot of our students here at LTL Mandarin School.. To be able to pay for things using these two apps, you need a Chinese bank account, and that is becoming increasingly troublesome ( mfan useful word alert), especially if I could add both my swedish cards, one visA (skandiabanken) and one mastercard (Eurocard). You can top up with a minimum of 100 yuan and a maximum of 2000 yuan , though there is a limit to the number of times you can top up. Moreover, with Wise, you can do more than send money abroad: No monthly charges or minimum balances required. cant tx money into wallet either. Passing the fee to the customer using a convenience fee upcharge is becoming popular now that more credit card processing companies offer this service. If you need to send items to Western Australia urgently, consider this option. Add: i just accepted money on the wechat pc app. With flat-rate pricing, businesses pay one low rate based on the type of sale, with fees typically ranging from 2.5% plus 10 cents to 3.5% plus 30 cents per transaction. I know most here are only interested in china mainland so this info probably wont help you. Will I be able to make such transfers if I get ECARD in US? When comparing providers, remember that markup rates are in addition to the base interchange rates, which vary based on transaction-specific factors. There are a lot of restrictions on the red envelope method. Do you think Union pay card will help? Events such as successful submission or closing can be tracked using cookies. This compensation comes from two main sources. When trying To top up my chIna mobile HK sim using the TeleCom Payment button i Always get an error with both cards that say i have gone over my daIly transactiOn limit. kind of a hassle, but this is a way to get money to the usa without having to take it personally to the usa in wallets, backpacks, or going through airports where things are crazty hectic enough as it is. 2. You can check our About Us page to learn more. I open an aCcount only this today 30th November 2018 at icbC which a debit card and when u tried linking it with my wechat it cant be.have tried but always i got a popup MESSAGE which say unmatched id type but but i registered with my passporT, Actually, after linking non-chinese credit or debit cards (visa, mastercard), it is at least possible to use them for some in-app services. 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