Wechat is definitely a chat provider for smartphones, similar to the widely used WhatsApp in Germany. Wechat is operated by the Chinese IT company Tencent. Furthermore to fast messaging, Wechat as well provides the ability to send audio tracks messages, video calls, share photos and video lessons, and talk about whereabouts and get in touch with information. In addition, Wechat has an online payment program called “Wechat-Wallet”, which allows obligations for, among other things, online shopping, funds transfers and bank loan repayments.Wechat-Wallet cooperates with Chinese banking institutions.You can connect at least one charge card with Wechat-Wallet, then you can on the payment program Pay via the bank card, and also transfer funds from the bank cards to the Wechat Wallet to pay immediately through Wechat.
From the first of March, the transfer from the Wechat-Wallet to the lender card is no longer completely free. The transfer of significantly less than 1000 yuan RMB remains no cost. For an amount over 1000 yuan you need to spend 0.1 percent service fees. At least 0.1 yuan RMB will end up being paid for each and every paid transfer.
Wechat clarifies the change with the actual fact that the business used to pay out the service fees that banks impose for the transfer. However, the costs are no longer sustainable. Efforts are now made to negotiate with the banks for the adoption of the fees.
Wechat has 650 million users. Any transformation in the Conditions of Services regarding costs has been very sensitive. This different measure from Wechat was also hotly debated on the web. Many users consider it unacceptable. Some users accuse the company that Wechat most suitable any methods to increase profits.
Experts happen to be of the view that top up wechat wallet , in addition to reducing costs, also really wants to motivate its users to pay more with the Wechat wallet rather than the lender card. Wechat has already created more payment options. Many online shopping portals such as Jingdong and Didi support payments through Wechat. Furthermore, Wechat payments can be found nationwide in approximately 300,000 retailers such as for example restaurants, parking tons, petrol stations and vending equipment.