Wechat is certainly a chat program for smartphones, similar to the widely used WhatsApp in Germany. Wechat is operated by the Chinese It all company Tencent. Furthermore to prompt messaging, Wechat as well provides the ability to send audio tracks messages, video calls, share photographs and movies, and show whereabouts and get in touch with information. Furthermore, Wechat comes with an online payment system called “Wechat-Wallet”, that allows repayments for, among other activities, online shopping, cash transfers and bank loan repayments.Wechat-Wallet cooperates with Chinese banks.You can connect at least one charge card with Wechat-Wallet, then you can certainly directly on the payment program Pay via the bank card, and transfer money from the bank cards to the Wechat Wallet to pay directly through Wechat.
From the first of March, the transfer from the Wechat-Wallet to the bank card is no more free. The transfer of less than 1000 yuan RMB remains no cost. For a quantity over 1000 yuan you should shell out 0.1 percent costs. At least 0.1 yuan RMB will become paid for each and every paid transfer.
Wechat clarifies the change with the fact that the business used to pay out the service fees that banks fee for the transfer. However, the expenses are no more sustainable. Efforts are now being designed to negotiate with the banks for the adoption of the fees.
Wechat has 650 million users. Any switch in the Conditions of Assistance regarding fees has been very sensitive. This latest measure from Wechat was also hotly debated on the internet. Many users consider it unacceptable. Some users accuse the business that Wechat best any means to increase profits.
Experts will be of the view that top up wechat wallet , furthermore to cutting costs, also wants to encourage its users to shell out even more with the Wechat wallet rather than the lender card. Wechat has recently created more payment options. Many on line shopping portals such as for example Jingdong and Didi support repayments through Wechat. In addition, Wechat payments can be found nationwide in around 300,000 outlets such as for example restaurants, parking tons, petrol stations and vending equipment.