For individuals, there are four main differences between credit card consumption tied to WeChat and Alipay and direct credit card consumption: 1. Credit card tied to WeChat or Alipay, you only need to scan the QR code when making payment. It is simple, convenient and fast, but it is more troublesome to enter the password to sign when using multiple cards. 2. Credit cards require an annual fee, but if you swipe a certain number of times, the annual fee can be waived. Nowadays, many banks cooperate with WeChat and Alipay. Binding them will also count the number of times you use the card and earn points. 3. WeChat and Alipay now have reward activities. Alipay’s reward money and WeChat’s shake are free of charge. You can participate in the activities when your credit card is bound to it for consumption. 4. WeChat and Alipay scan code payment has a limit, and payment cannot be made beyond a certain amount; while there is no limit on credit card swiping, so it is more advantageous to swipe the card directly for large purchases.
For merchants, there are differences between credit card binding on WeChat and Alipay consumption: 1. For banks, the handling fee for direct credit card swiping is 10%, while the handling fee for using Alipay and WeChat is reduced by the bank. interests. 2. For merchants, the cost of binding a card for consumption may be lower. They only need to pay a handling fee and a cash withdrawal fee, which is better than the card swiping fee. The above is the detailed content brought to you. In fact, whether to tie the credit card to WeChat and Alipay for consumption, or to directly swipe the card for consumption, it also depends on the situation. After you understand the difference clearly, you can choose the most suitable one.