Introduction
Benefits
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One integration, multiple opportunities: Enables merchants to accept popular payment methods preferred by customers from around the globe. This creates more opportunities for successful transactions and increased revenue. -
Low cost integration: After integrating once with Alipay, merchants can accept new wallets in cooperation with Alipay without any additional integration. This enables merchants to expand its payment acceptance efficiently. -
Powerful risk management: A robust risk control engine manages the risks of buyers, sellers, and transactions, ensuring the funds' security. -
Competitive exchange rates: Attractive exchange rates that help merchants get more transactions. -
Multi-currency settlement: Multiple settlement currencies are supported, enabling merchants to accept settlements in a wide variety of currencies. -
Comprehensive Merchant Service: Business and technical support for sellers around the world.
User experience
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The customer presents the payment code for payment to the merchant. -
The merchant scans the payment code to collect the payment. -
The customer gets the payment result.
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The customer presents the payment code for payment to the merchant. -
The merchant scans the payment code and the checkout page is triggered. -
The customer enters the password and complete the payment.
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 : The Alipay merchant service provided by Alipay. -
Alipay+ Mobile Payment Partner ( Alipay+ MP P ): 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 where a user goes to a merchant's place of business and conducts face-to-face payments with the merchant. -
User-Presented Mode Payment: A payment initiated by the merchant that requires the merchant to scan the user-presented code with a scanning device. -
Payment code: Also known as business-scan-user code or user-presented code. The payment code is the QR code or barcode presented by users for merchants to scan with a scanning device to initiate payments. -
QR code: Quick Response Code as defined in ISO/IEC 18004 .