Alipay is not insured by FDIC which insurances financial corporation. If the company goes bankrupt, you will lose the money in your Alipay account. This is the only reservation I have while using Alipay. How to use Alipay to send money? There are several steps to follow to send money usin...
How to withdraw money from Alipay in the US to a bank? If you are a registered merchant at Global Alipay, you may, at any time, request a withdrawal of all or a portion of the funds held in your Alipay Merchant Account to your account at a U.S. depository institution, under the te...
Currently this is the option I use to send money to Russia, since most of the other options I used to use have stopped working. At first I thought it would be complicated, but it really isn’t that complicated once they explain it to you. It also offers a very favorable exchange rate...
For expats in China, you might wonder if you should use your Chinese phone number or your native country's phone number. To enjoy Alipay’s products and features, linking your Chinese phone number is better. First of all, it’s easier for your Alipay account to get verified, and linking ...
Since these exchanges are banned in China, enterprising individuals have developed a number of workarounds, including a peer-to-peer exchange (usually over a platform like WeChat). These are risky for Chinese investors and even more so for foreigners, soI wouldn’t recommend you use this metho...
Q: Can I Use Alipay in the USA/Globally? A: Yes, but it may be a little difficult for you to find a merchant in other countries. Right now, Alipay is trying to spread its influence throughout the world. However, its localization seems not so active. The following 2 pictures were pho...
Failure to follow these laws puts your Chinese friend at risk:As you’ll learn below, as a foreigner you’ll need to get help from a local Chinese friend to use Alipay as a means to get money out of China. Take this seriously; if anything goes wrong, they get in trouble, not you....
WeChat is the one of the popular payment channels in China along with Alipay. It is the most suitable option for expats and foreigners in China as creating WeChat account does not require Chinese ID card. Also, everyone from road side vendors to big shopping malls accept WeChat payment ...
You must create an Alipay payment password (6 numeric digits) if you use Alipay for the first time. Once you’re done, click Confirm. You will need to enter your credit card details and click Continue. Now, all you have to do is verify your payment information and wait to deliver your...
Here I use an example to explain how D/P works in actual business. Big retailer A, doing business in the USA, now imports a large number of daily products from China and asks for the D/P at sight to pay. Step 1 Afterconfirming with the Chinese supplierabout the payment term D/P at...