The credit payment service will be launched in the near future. When users participating in online shopping use Alipay to pay, they can make overdraft purchases without binding a credit card or debit card. The maximum payment can be up to 5,000 yuan. Let’s take a look at the things you should pay attention to when using Alipay for overdraft online shopping.

How to use Alipay for overdraft consumption:

When using Alipay for overdraft consumption, the handling fee is borne by the merchant or customer, and the fee is usually between 0.8% and 1%.

The credit payment generated by using Alipay overdraft has an interest-free period of up to 38 days. Overdue fees will be subject to a penalty of 50% of the base rate. Payment accounts that are overdue for more than one year will be cancelled.

How to use Alipay overdraft:

Using Alipay for overdraft consumption is basically the same as our usual online shopping activities. The only difference is that we can make overdraft consumption.

The method to view the generated overdraft consumption limit is as follows:

First log in to the official homepage of "Alipay". Click the "Account Management" item → "Alipay Card", and then click the "Details" link to view Alipay overdraft consumption.