Wechat can be a chat program for smartphones, similar to the widely used WhatsApp in Germany. Wechat is operated by the Chinese It all company Tencent. In addition to instant messaging, Wechat as well provides the capability to send music messages, video cell phone calls, share photos and clips, and share whereabouts and get in touch with information. In addition, Wechat comes with an online payment system called “Wechat-Wallet”, which allows payments for, among other things, online shopping, money transfers and mortgage loan repayments.Wechat-Wallet cooperates with Chinese banking institutions.You can connect at least one bank card with Wechat-Wallet, then you can certainly directly on the payment platform Pay via the lender card, as well as transfer funds from the lender card to the Wechat Wallet to pay straight through Wechat.
From the to begin March, the transfer from the Wechat-Wallet to the bank card is no more free. The transfer of significantly less than 1000 yuan RMB remains free. For an amount over 1000 yuan you must shell out 0.1 percent service fees. At least 0.1 yuan RMB will become paid for each and every paid transfer.
Wechat clarifies the change with the actual fact that the business used to pay the charges that banks impose for the transfer. However, the costs are no more sustainable. Efforts are now being designed to negotiate with the banking institutions for the adoption of the fees.
Wechat has 650 million users. Any transformation in the Conditions of Support regarding charges has been extremely sensitive. This innovative measure from Wechat was also hotly debated on the web. Many users contemplate it unacceptable. Some users accuse the business that Wechat most suitable any means to increase profits.
Experts will be of the view that add money to wechat , in addition to reducing costs, also really wants to motivate its users to pay additional with the Wechat wallet rather than the bank card. Wechat has already created more repayment options. Many on line shopping portals such as for example Jingdong and Didi support repayments through Wechat. In addition, Wechat payments can be found nationwide in approximately 300,000 outlets such as for example restaurants, parking lots, petrol stations and vending devices.