1. Advantages of Meituan Monthly Payment

Meituan Monthly Payment is suitable for shopping first and paying later. The credit card interest-free period can be up to 38 days, and it can also be divided into 3 or 6 installments. , repay in 12 installments, which can reduce the financial pressure on users. After activating Meituan Monthly Payment, you can enjoy the benefits of Meituan Yuexiang VIP, such as takeaway coupons. There is no need to pay in the early stage. In the middle and later stages, the membership fee will be deducted based on the usage of the big red envelope.

2. Disadvantages of Meituan monthly payment

The monthly payment limit of Meituan is very low. Most users apply for a limit of 300 yuan, which can only be used to order takeout or Meituan Selection shopping and more. Meituan Monthly Payment can only be paid online on the Meituan APP. It cannot be paid with QR codes or consumed in stores. The application scenarios are very limited.

Meituan Monthly Payment is a credit payment product of Meituan Finance. Users who have activated Meituan Monthly Pay can first use the credit limit granted by Meituan Monthly Pay when making purchases on Meituan Apps, whether it is group food, ordering takeout, staying in a hotel, traveling, riding a bike, taking a taxi, or buying groceries. Payment will be made uniformly on the 8th of the next month, with a maximum interest-free period of 38 days.

According to Meituan’s official data, Meituan Monthly Payment, as a consumer financial tool, has a significant driving effect on local life consumption: after users activate Meituan Monthly Payment, local life categories such as catering, leisure and entertainment, etc. The average consumption order volume increased by more than 20%, and the average transaction amount increased by more than 15%. If consumers want to use Meituan Monthly Payment, they can apply for activation through the "Wallet" portal in the Meituan App and click "Monthly Payment". After activation, if you don’t want to use it, you can close it at any time in the Meituan App.

This service is mainly used in APPs such as Meituan, Meituan Takeout, Meituan Grocery, Meituan Bicycle and so on.

When Meituan Takeout members activate the "Enjoy now, pay later" service, they will also be activated for Meituan Monthly Payment to realize payment after service. Meituan customer service stated that users can enjoy Meituan’s exclusive membership rights for 0 yuan in advance. After the membership expires, payment will be made according to the benefits enjoyed, and Meituan monthly payment cannot be turned off during the membership period.