1. Funding capabilities:

(1) Small and micro merchants: Small and micro merchants can perform settlement, refund and automatic cash withdrawal.

(2) Ordinary merchants: In addition to settlement, refunds and automatic cash withdrawals, ordinary merchants can also manually withdraw cash, make corporate payments, send corporate red envelopes, conduct marketing, etc.

2. Management capabilities:

(1) Small and micro merchants: You can log in to the merchant assistant applet for management.

(2) Ordinary merchants: You can log in to the merchant assistant applet and the WeChat payment merchant platform for management.

3. Application rules:

(1) Small and micro merchants: Small and micro merchants can complete the review within 5 minutes of application, and no operation is required. The signing method is WeChat signing.

(2) Ordinary merchants: When ordinary merchants apply, they usually complete the review within 48 hours. The merchants need to make payment verification and backfill the amount. The signing methods are merchant platform signing and WeChat signing.

1. WeChat is affected by national financial supervision policies. For adjustments to payment restrictions for small and micro merchants, please refer to WeChat’s official announcement. The latest payment restriction policy is for consumers to bind credit card payments. 500 for a single transaction, 1,000 for a single day, and 10,000 yuan for a single month.

2. Ordinary merchants can only collect funds from the bank account (corporate or self-employed) and legal person bank card submitted when applying , if you need to settle to other personnel's bank cards, you must have normal collection transaction records for 30 consecutive days in the last month of the 90 days after 90 days of activation, so that you can apply to activate the corporate payment to change and corporate payment to bank card functions. In this way, you can use these two functions to pay the company's payment to other personal WeChat change or other personal bank cards. Among them, there is no handling fee for payment to personal change, while payment to personal bank card requires an additional 1%. transfer fee.

3. Small and micro merchants whose service providers (including affiliated developers) open accounts through the WeChat payment commercial version of the service provider’s applet (opening a small micro business in this way can only be operated by developers, not merchants) , after simple configuration, you can directly use the WeChat payment commercial version applet provided by WeChat to complete merchant collection and obtain the material support provided by WeChat official for free for the first time. You can also configure it to the Tencent Cloud payment or Youyipay aggregate payment provided by us. It is used in the system, but due to functional limitations, it is not suitable for merchants with special needs such as hotel deposits, and it cannot be upgraded to an ordinary merchant again.

4. Small and micro merchants opened through the small and micro merchant API interface cannot directly use the WeChat payment commercial version applet provided by WeChat to complete merchant payment and obtain the material support provided by WeChat official for free for the first time. , can be configured to be used in the Tencent Cloud Payment or Youyipay aggregated payment system provided by us, but it can be upgraded to an ordinary merchant through the API interface again, so that it can be completed directly using the WeChat payment commercial version applet officially provided by WeChat Merchants can collect payments and receive material support provided by WeChat officials for free for the first time. Ordinary merchant functions activated through other methods are also fully available.

5. The WeChat payment business opened through this interface is suitable for merchants who have just opened a store and do not have a business license at the initial stage or are in the process of applying for it. They can start business first and upgrade to ordinary merchants according to business needs later. It is also suitable for merchants who do not have much demand for functions in the initial stage, but later have demand for payment application scenarios or other functions (such as card and coupon marketing, public account following and docking mini programs, hotel deposits, corporate payments, etc.). The API interface method allows merchants to import items in a step-by-step manner. The review is fast and relatively simple. Merchants can import items themselves (merchants can follow the official account "Cloud Payment Merchant" and follow the prompts), which is simpler and more convenient for merchants.

Operating environment: WeChat app (8.0.16) Mobile phone model: readmi k30pro System: MIUI: 12.25