Users only need to associate a bank card with WeChat and complete the identity authentication, then they can turn the smartphone with WeChat app into a universal wallet, and then they can purchase the goods and services of the cooperative merchants. When paying, the user only needs to enter the password on the smart phone, and the payment can be completed without any swiping steps. The whole process is simple and smooth.

Wechat Payment supports credit cards issued by the following banks: Shenzhen Development Bank and Bank of Ningbo. In addition, WeChat Pay also supports debit cards and credit cards of the following banks: China Merchants Bank, China Construction Bank, China Everbright Bank, China CITIC Bank, Agricultural Bank, China Guangfa Bank, Ping An Bank, Industrial Bank and Minsheng Bank.

2065438+February 2006 15, Tencent customer service announced that starting from March this year 1 day, WeChat Pay stopped charging for the transfer function. From that day on, the cash withdrawal function will charge a handling fee. Wechat told Sina Technology that collecting the transaction fee for cash withdrawal is not a move of WeChat to pursue revenue, but is used to pay bank fees.

The specific charging scheme is that each user (ID dimension) can enjoy a free cash withdrawal amount of 1 1,000 yuan for life, and the handling fee will be charged according to the bank interest rate for the excess. The current rate is 0. 1%, and the minimum charge for each transaction is 0. 1 yuan. Functions such as WeChat red envelope, face-to-face payment and AA collection are not affected, and no handling fee is charged.