Effective March 1, 2016, WeChat Pay will stop charging fees for the transfer function. However, for the cash withdrawal function, everyone enjoys a lifetime free withdrawal limit of 1,000 yuan. The excess amount will be charged a handling fee according to the bank rate. The current rate is 0.1, with a minimum charge of 0.1 yuan for each transaction.

WeChat Pay is a payment function integrated in the WeChat client. Users can complete the quick payment process through their mobile phones. WeChat Pay provides users with safe, fast and efficient payment services, based on fast payment bound to bank cards.

Supports payment scenarios: WeChat public platform payment, APP (third-party application mall) payment, QR code scanning payment, card payment. The user displays the barcode and the merchant scans it to complete the payment.

Users only need to link a bank card in WeChat and complete identity authentication, and their smartphone with the WeChat app can be turned into a universal wallet, and then they can purchase goods and services from cooperative merchants. , users only need to enter the password on their smartphones when paying, and the payment can be completed without any card swiping steps. The entire process is simple and smooth.

Extended information:

On September 13, 2014, in order to provide more users with the WeChat payment e-commerce platform, the WeChat service account will no longer charge 20,000 yuan to apply for the WeChat payment function. Yuan deposit, the threshold for opening a store will be lowered. The cancellation of the deposit will undoubtedly greatly lower the threshold for WeChat payment. "In the next period of time, a large number of merchants may begin to apply for access to WeChat payment, with an additional 15,000 added every day.

According to analysis by industry insiders, this number is expected to exceed 10 million by the end of the year, surpassing Taobao's 8 million Number of sellers. As WeChat lowers the payment threshold, more Taobao sellers and new entrepreneurs will flock to the WeChat public platform, which will inevitably usher in more corporate user registrations.

From October 17, 2015. From now on, WeChat Pay has gradually resumed testing the new transfer rules. Each person can enjoy a fee-free limit of 20,000 for face-to-face transfers per month, and a bank fee of 0.1 will be charged for the excess. In order to optimize the allocation of service resources, WeChat Will be more inclined to allocate resources to a wider range of small-amount transfers and red envelope users. Small-amount transfers and red envelopes are still free of charge and will not be affected?

Baidu Encyclopedia - WeChat