Introduction
Benefits
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One-point access, global income: Supports the merchant to accept global payments and obtain global customers, which leads to an increase of transactions and revenue. -
Low cost integration: No additional integration costs needed when you add new wallet product to expand your business after integrating Alipay the first time. -
Powerful risk management: Powerful risk control engine offered, managing the risks of buyers, sellers, and transactions and ensuring the security of funds. -
Best exchange rate: Competitive exchange rates provided, helping merchants to get more transactions. -
Multi-currency settlement: Multiple settlement currencies supported. Accept settlement with the currency of your choice. -
Comprehensive Merchant Service: T imely and comprehensive support and assistance to buyers and sellers around the world.
User experience
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The customer scans the entry code generated by the merchant. -
The customer enters the payment amount and confirms to pay. -
The customer gets the payment result.
Product flow
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User : An individual or institution that uses the payment service. The customer's funds are ultimately delivered to the merchant through the payment service provider. -
Merchant : A company or individual that trades on goods or services. The acquiring institution will settle the funds to the merchants on a regular basis. -
Alipay : Alipay merchant services, provided by Alipay. -
Alipay+ Mobile Payment Partner : Alipay+ Mobile Payment Provider , an organization that processes payment services and other value-added services on behalf of the payer.
Product features
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Terms and definitions
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Acquirer (ACQ): An institution that processes payments on behalf of Merchants. -
Code issuer: A party that complies with this standard. It usually has the ability to decode and obtain the business information associated with the code. -
In-store payment: The activity that a user goes to a merchant's place of business and conducts face-to-face payments with the merchant. -
QR code: Quick Response Code as defined in ISO/IEC 18004 .