In 2011, the leader of China internet technologies Tencent presented a free social network WeChat. Only after a few years, it has reached more than 400 million users worldwide.
What is WeChat?
Nowadays, the number of active WeChat users is more than 1 billion. This application is widely spread not only in China, among the covered countries are Japan, the USA, European countries.
WeChat Pay is an e-wallet service, embed in a personal account of each user of WeChat application that allows providing mobile payments in online stores, and share funds between accounts. Customers can top up cell phones, tie WeChat personal accounts with debit cards, or get transfers from other users.
Those clients, who tie credit cards can only make payments, not to top up a balance.
WeChat Pay is also gaining popularity in Western Europe and the USA. Last year, Western Union brought global money transfers to the forefront, giving WeChat users in the United States the ability to distribute funds within 200 countries and territories through a messaging service.
WeChat Pay support major currencies including but not limited to GBP, HKD, USD, JPY, CAD, AUD, EUR, NZD, KRW settlement
Available integration methods
The Payment Page solution is the quickest way to seamlessly integrate market-leading features, using an IFrame or a full page redirect.
Checkout is a quick to implement, out-of-the-box solution for accepting payments. It integrates easily into your payment flow, and is embedded seamlessly into your payment page.
Checkout is hosted directly on your web page, so there is no need to redirect your customer to a different page or IFrame.
Pricing plans for e-commerce clients
Fees applied for online or mobile payments
EEA consumer cards
1.35%+ € 0.20
Per transaction
All other consumer and commercial cards
2.85%+ € 0.20
Per transaction
Alternative payment methods
From 1.35%+ € 0.20
Per transaction