WeChat Pay
WeChat Cross-Border Pay Solution
When WeChat Pay users initiate the payment to overseas vendors including both online and offline stores the funds are immediately drawn from their account. WeChat Pay processes foreign currency exchange with China-located funding instrument before transferring the money to vendor’s receiving bank overseas.
WeChat Pay users make the purchase overseas in CNY. When the turnover of a single vendor/institution) reaches 800 USD (or equivalent in other foreign currencies), WeChat Pay will buy foreign currency on T+1 day and transfer the money to vendor’s receiving bank, the processing time of which sets the arrival time of the fund.
WeChat Cross-Border Pay calculates the amount payable in CNY on the spot exchange rate. WeChat Pay settles funds in requested currency with vendors when the settlement conditions is met.
Payment successful page will be pushed to WeChat Pay users, where all the payment details are shown including but not limited to CNY paid, listed price in foreign currency and exchange rate information.
WeChat Pay supports settlement in 16 foreign currencies.
Up till now, WeChat Pay supports settlement in 16 foreign currencies including GBP, HKD, USD, JPY, CAD, AUD, EUR, NZD, KRW, THB, SGD, RUB,DKK,SEK,CHF,NOK.
We advise vendors/institutions to choose the settlement currency in the same as the listed currency of goods. Please note that only one currency can be chosen for settlement.
WeChat Pay is open to 49 countries (regions).
| Australia | Austria | Belgium | Cambodia |
| Canada | Denmark | Finland | France |
| German | Greece | Holland | HongKong (China) |
| Hungary | Iceland | Indonesia | Ireland |
| Israel | Italy | Japan | Kazakhstan |
| Kenya | Laos | Liechtenstein | Luxembourg |
| Macau (China) | Malaysia | Maldives | Malta |
| Myanmar | Nepal | New Zealand | Norway |
| Pakistan | Philippines | Portugal | Russia |
| Singapore | South Korea | Spain | Sri Lanka |
| Sweden | Switzerland | Taiwan (China) | Thailand |
| Turkey | United Arab Emirates | United Kingdom | United States |
| Vietnam |
Payment Methods
All the methods of WeChat Cross-Border Pay are the same as WeChat Pay, including Quick Pay, QR Code Payment, In-App Payment and In-App Web-based Payment.
Quick Pay
Vendors scan the QR Code shown by customers on the Quick Pay page to finish transactions quickly.
This method applies to offline payment scenarios.
QR Code Payment
Vendors generates different QR codes for different goods. After users scan these codes, they can see related product information and transaction guides on their phone.
This method applies to payments made on websites, physical stores, media advertising and other scenarios.
In-App Payment
Vendors can integrate WeChat Pay SDK into their apps. When users make payment in other apps, WeChat will be authorized to process the payment. Once the transaction is done, the page will redirect to the other app.
In-App Web-based Payment
Vendors push product messages to their followers via Official Account. With WeChat Pay enabled, their followers can purchase products on the shopping page.
This method applies to the following scenarios:
The Chinese payer enters the vendor’s Official Account and completes their payment on the transaction page;
The Chinese payer clicks on the link of product sold by vendors shared in Chats or on Moments to make purchase;
The Chinese payer scans the payment QR Code displayed on the shopping page to complete the transaction.
Marketing Capability
WeChat Cross-Border Pay enables the following marketing capabilities for overseas vendors:
Vouchers, Instant Rebate, Discounts and Red Packet
Note:The marketing capability of WeChat Pay can only be operated by the platform and yet cannot be done by vendors for now.
The Overseas Cooperation Model of WeChat Pay
Institution Model
WeChat Pay only contracts with the institution, not with its individual mechant. Funds are sent to institution from WeChat Pay and then institution distributes the money to its affiliated merchants.
Merchant Model
WeChat Pay cooperates directly with overseas vendors and funds are settled with contracted vendors.
Please Note:Due to the restrictions on financial regulatory policies, only 3 countries(regions) permit this model.They are HongKong China,UK and Singapore.