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WeChat Pay Processing, WeChat Pay Acceptance

What is WeChat Pay?

Communication apps, like WhatsApp, have evolved from simple messaging apps into much more—they have become social networks, work collaboration tools, communication platforms, and more. WeChat Pay is similar—it began in 2014 as a peer-to-peer money exchange service, becoming hugely popular during 2016’s Chinese New Year—it was the principal method for gifting “red envelopes,” with 8 billion processed last year alone.

WeChat Pay’s other primary function includes the capacity to easily pay for products and services. Customers can either directly fund their WeChat account with cash, or they can connect to one (or multiple) credit and debit cards, including bank accounts from local financial institutions. WeChat Pay’s convenient option to offer connection to cash, traditional cards, and banks accounts is advantageous for business because they are able to reach wider sector of consumers.

Because of these advantages, WeChat Pay has become the payment method of choice for over 300 million individuals. WeChat Pay allows Chinese shoppers the option to not only chat, but to also browse and buy easily and quickly—it closes the loop on a financial ecosystem, making payment processing as simple and straightforward as chatting with a friend.

How does WeChat Pay work?

Our integration with WeChat Pay means the payment flow is streamlined with few steps. There are two options, In-app and Web-browser to mobile:
In-app
1. Shopper chooses WeChat Pay
Shopper chooses WeChat Pay
2. Shopper reviews transaction
Shopper reviews transaction
3. Shopper submits PIN
Shopper submits PIN
4. Payment complete
Payment complete
Web-browser to mobile
1. Shopper scans QR code
Shopper scans QR code
2. Shopper reviews transaction
Shopper reviews transaction
3. Shopper submits PIN
Shopper submits PIN
4. Payment complete
Payment complete

Is WeChat Pay Solution appropriate for everyone?

WeChat Pay offers benefits for businesses of all sizes, and is generating a great deal attention from luxury retailers and travel businesses in particular. WeChat Pay appears to be following the path of mobile giant, Alipay, and it is expected that the majority of retailers, booking agents, and airlines will soon be adopting WeChat Pay.

What can you expect from our integration of WeChat Pay?

Our full-service integration of WeChat Pay means that with your single connection to Transact24, you will also have full access to WeChat Pay.

Benefits incorporated in this integration include:

  •  Full and partial refunds
  •  No chargebacks
  •  Nine processing currencies: CNY, USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD.
  •  Eight settlement currencies: USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD.
  •  Complete reporting and reconciliation

Learn more about WeChat Pay from Transact24

If you would like to know more about how WeChat Pay and other China payment solutions from Transact24 can help you and your business, please contact one of our sales representative who will be happy to answer any questions and provide you with all needed information to get started. We are available by phone, email, or using our contact page on our website. Contact us and we will be in touch within 24-48 hours.
Getting started with WeChat Pay solutions from Transact24 is simple. Just drop us a line using our contact form and we’ll be in touch to get the WeChat Pay.