Wechat is certainly a chat service for smartphones, similar to the widely used WhatsApp in Germany. Wechat is managed by the Chinese It all company Tencent. Furthermore to instant messaging, Wechat also provides the capability to send audio tracks messages, video cell phone calls, share photographs and video clips, and share whereabouts and get in touch with information. Furthermore, Wechat comes with an online payment system called “Wechat-Wallet”, that allows obligations for, among other things, online shopping, funds transfers and loan repayments.Wechat-Wallet cooperates with Chinese banking institutions.You can hook up at least one charge card with Wechat-Wallet, then you can certainly directly on the payment system Pay via the lender card, as well as transfer funds from the lender cards to the Wechat Wallet to pay straight through Wechat.
From the to begin March, the transfer from the Wechat-Wallet to the lender card is no more completely free. The transfer of significantly less than 1000 yuan RMB remains free of charge. For a quantity over 1000 yuan you need to pay 0.1 percent service fees. At least 0.1 yuan RMB will come to be paid for each paid transfer.
Wechat explains the modification with the actual fact that the business used to spend the charges that banks fee for the transfer. However, the costs are no longer sustainable. Efforts are now being designed to negotiate with the banking institutions for the adoption of these fees.
Wechat has 650 million users. Any change in the Conditions of Support regarding costs 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 right any methods to increase profits.
Experts are of the judgment that wechat money transfer , in addition to trimming costs, also really wants to motivate its users to spend more with the Wechat wallet rather than the bank card. Wechat has already created more repayment options. Many on-line shopping portals such as for example Jingdong and Didi support repayments through Wechat. Furthermore, Wechat payments are available nationwide in roughly 300,000 outlets such as for example restaurants, parking tons, petrol stations and vending devices.