Alipay Merchant Transaction Fee


A static code however, just tells Alipay or WeChat Pay your merchant information and your customer then needs to enter the purchase amount. These fees vary greatly by the processor. You also agreed to this fee when you signed up with your merchant services provider. Merchant Cost Calculator. 5 per cent to 2. Trusted by more than 76,000 businesses. The type of credit card used (rewards, debit, credit, etc). To do business in China(especially for online business), Alipay is one of the most popular payment options among buyers. By using a Merchant Service, Merchant agrees to all terms and conditions that apply to such Merchant Service. Merchant service fees (MSF) All credit card transactions, and contactless, card not present (e. Authorization fees, return fees, AVS fees and gateway fees are just a few examples of the various transaction fees that processors charge. com to make. For example, PayPal charges a transaction fee of 1. Whilst there are a number of different players, the merchant deals exclusively with his or her fees to the credit card processor. This means that the merchant may charge more when a customer pays with a credit card. So for every transaction now that happens on the bitcoin ecosystem, let's say with a merchant, they just pay 1% fee. Payment Depot is a merchant account provider headquartered in Orange, California. To do that, you need to calculate the "overall total cost to process". "Is it correct to make a sub category under "Bank Charges" for Merchant Service Fees?". 1% kicks in. 936 trillion in payments for goods and services in 2016. For example, Square charges 2. ACH Reject Fee Note: only charged if you lack funds in your bank account to cover credit card fees or debits. Being able to accept Alipay is essential when wanting to do business in China, as since its launch in 2004, it has grown to become the payment option of choice for. RiverPay Selected as Technology Facilitator for Payments via Alipay and WeChat Pay Transactions at Harrods New integrations enhance the shopping experience of Chinese consumers at one of the world. 2% for European consumer debit cards 2. This can range from zero dollars and up, but is usually about $. For the debit purchase, if any fee is charged at all, it is usually charged to the purchaser. We offer competitive rates and full technical solutions to online e-commerce companies and offline retailers to enable Alipay barcode and QR code payment solutions for both mainland China and HK wallets. Take payments directly through the software. With the integration of Alipay Global you're able to process Alipay payments in your local currency. There is no transaction fee to telecom bill payment via AlipayHK. This fee is predetermined by your merchant services provider and usually involves three components: interchange fees, assessment or service fees, and the payment processor. , international merchants entering the Chinese market and Chinese tourists abroad that want to pay with Alipay. CyberSource formats the transaction detail appropriately and securely routes the transaction authorization request through its payment gateway to the processor. As you can see, all three (gateway, payment processor and merchant account) are utilized in this step. Debit Transactions. I am happy to share with you today my latest article, co-written with my colleague Alan Chan. Chinese e-commerce giant Alibaba has partnered with Silicon Valley and Lagos-based fintech startup Flutterwave to provide digital payments for African merchants using Alipay, TechCrunch reported. Alipay browser payments are supported for transactions in currencies — AUD, CAD, EUR, GBP, HKD, SGD, USD. For a flat fee, gain access to Stripe Atlas' core features: company incorporation, an instant bank account, your first year's registered agent fees, and a tax ID number. SmartPesa | Omnichannel merchant acquiring SmartPesa supports all types of cards, including locally issued cards and international card schemes such as Visa, Mastercard and China UnionPay. 10/transaction! Not bad. Businesses today thrive on frequent credit card transactions, and lower merchant account rates can help a business to save huge amounts of money; even a very small difference in rates can mean saving thousands of dollars per year. The receiver opens the Alipay application on his smartphone and reads the QR code that appears, then validates the transaction with his secret ID or fingerprint. Background. Use Apple Pay Cash with a debit card to avoid a 3% credit card transaction fee. ePassi Alipay is not just a payment method. Visa and MasterCard has Dues and Assessments, which is 11 basis points (. Alipay is available for Professional accounts. Schedule 1: Fees 1. Have a look at our video to see how the integration looks like. When you void a transaction, it keeps the funds from moving, and therefore keeps the business from having to pay discount fees on the original sale. These are fees charged by a cardholder's bank (the 'issuing bank') to a merchant's bank (the 'acquiring bank') for each sales transaction made at a merchant outlet with a payment card. Manage my Talus Payments account. Combination and set off 6 13. Alternatively, users can withdraw the balance via Yu’e Bao. This is a Fee override. Chinese e-commerce giant Alibaba has partnered with Silicon Valley and Lagos-based fintech startup Flutterwave to provide digital payments for African merchants using Alipay, TechCrunch reported. • Major function is similar to the biggest competitor WeChat payment and the cost of transfer is limited. Alipay, owned by Jack Ma’s Ant Financial, reached a deal that will let its users shop at 4 million U. 55% on the flip side to every purchase. bank decides it will cover the transaction, expect it to charge you an overdraft fee, which may average around $30. Mobile payment company Alipay is going to start charging a fee of 0. Support for additional currencies is provided on a case-by-case basis. China's leading third-party online payment solution, providing an easy, safe and secure way for millions of individuals and businesses to make and receive payments on the Internet. Credit card processing fees, also known as qualified merchant discount rates, or just “discount rates,” are the fees a merchant pays for each credit or debit card sale. All Banks charge this fee. To assist merchants in understanding the calculation of the Differential fee, refer to this document. • No Chase fee on all non-Chase ATM transactions (ATM owner fees still apply) • No Chase fee on incoming or outgoing wire transfers • No Chase fee for Exchange Rate Adjustments on debit card purchases or ATM withdrawals using your Debit/ATM card in currencies other than U. Interchange fee: your customer bank/issuer fee starting from 0. Please contact us for detailed information regarding charges. BOX 00, TD CENTRE TORONTO, ONTARIO M5K 1K6 TELEPHONE NO: 1-800- 6 -116 FACSIMILE NO: (416) 982-4 54 Your Business Name Your Mailing Address MERCHANT NUMBER 20154419 CHAIN CODE PAGE 100415428 1 of 2 STATEMENT PERIOD. Blackbaud Merchant Services Visa, MasterCard, and Discover 2. com when Alipay releases any amount held by it under the Online Transaction. This fee provides you with a monthly paper statement as well as any 800 toll free customer assistance/support you may need on your account. Alipay supports transactions within China as well as cross-border transactions (CrossBorder) to foreign merchants, which are directly billed in one of the supported currencies. If the transaction is made with ACH, it will be processed the next business day, which can take up to 3. This started with WeChat starting to charge 0. Alipay and WeChat Pay aren't just the favored payment method of Chinese tourists. This means your customer just needs accepts the transaction in their app. Service Terms and Conditions and any user guides for such Merchant Service. Alternativamente, el usuario puede iniciar sesión en su cuenta de Alipay y completar el pago. Mobile Payments, NACHA, transaction fees, swipe fees, MAG, Merchant Advisory Group their transaction fees and fraud expenses via BIM’s proprietary risk platform. Amazon Pay fees Transaction fees. 2019 UK Merchant Account & Credit Card Processing Fee Comparison The merchant account and payment processing industry in the UK makes it very difficult to compare rates & fees. Pago en Alipay (Paso 4 y 5) Una vez en el sitio de Alipay, el usuario podrá utilizar su App de Alipay para escanear el código QR mostrado. The following information is from www. While Alipay absorbs the remittance fees of the settlement bank, the merchant has to take care of the processing fees (if any) of the receiving and/or intermediary banks. To do business in China(especially for online business), Alipay is one of the most popular payment options among buyers. Keep in mind that if your merchant account doesn't have enough money on hand to cover the chargeback and $15 fee, each of these payment platforms will take the money directly from your. Understanding Your TD Merchant Services Statement – for information purposes only PLEASE SEND INQUIRIES TO: TD MERCHANT SERVICES P. 1% on cumulative transfers over 20,000 RMB, which was then replaced by a 0. For information regarding third party app fees and software fees, contact your Merchant Services account representative at 888-562-2300. In relation to the BAS already lodged, I would contact the accountant and ask for their advice in relation to what they would like done about that. In the Complete Payment Solutions section, expand View all discounts and fees. The merchant typically receives funds within a few days of the sales transaction. Paytm announced Wednesday that it is waiving off per-transaction merchant fees for wallet transactions made offline, to drive adoption of its wallet. The ISA fee will be added to your account as applicable and will be designated in the Summary of Card Fees section on your statement as ACQ ISA FEE. Keep in mind that if your merchant account doesn't have enough money on hand to cover the chargeback and $15 fee, each of these payment platforms will take the money directly from your. 75 percent per transaction, including the discount rate. Integrate with your inventory and accounting systems. ABOUT INTERCHANGE FEE. Authorization Fee – a fee that is charged each time authorization is obtained on a bank card or non-bank card transaction. Y our bank statement shows the full AMEX payment including the merchant fee, and also shows the merchant fee being deducted as a separate entry. 03 Applies to all MasterCard SecureCode verifications MasterCard Digital Enablement Fee MC DIGITAL ENABLEMENT 0. transaction fee as to telegraphic transfer or demand draft. Each time a shopper swipes (or inserts, in the case of EMV chip) his or her payment card, a fee is charged to the merchant. Transaction Management: You can conveniently view your transaction history, account recharge history, and more. Secure Data All debit and credit card payments are protected by industry-leading security standard tools and services to help safeguard your business against card data theft. Merchant services 1 4. Therefore, it's extremely important that you read every line of your contract with a fine tooth comb and renegotiate the terms of the agreement you don't like. 2% of annual sales with a $5,000 minimum. The customer has seven days after delivery to rate the purchase as satisfactory or unsatisfactory; if the buyer takes no action, the sale will automatically be cleared and the funds released to the seller. Pay all the scheme and issuer fees on behalf of the merchant; Act as an intermediary in the event of card claims, returns and refunds. Chargeback TRR Fee: A Transaction Retrieval Request (TRR) is a request from the issuing bank for more information about the transaction. A foreign transaction fee is what your credit card issuer — such as Chase or Bank of America — charges when a transaction you make with your card processes in a foreign currency or passes through a foreign bank. and only up to the value of the Transaction vii) The Merchant is not permitted to refund the Alipay or WeChat Pay user via other methods. A small, flat, per-transaction fee that covers the cost of electronic authorization. Interchange fee: your customer bank/issuer fee starting from 0. In accordance with federal law, a non-exempt transaction (not shown in this table) would receive a rate of 0. 5 percent plus $. 9 FAQ to learn how to use Alipay. 75% of each swiped transaction. 936 trillion in payments for goods and services in 2016. If you are fortunate enough to be wiring amounts this large back home, you will need to enlist the help of several Chinese friends. The paypal/bitcoin conversion fees are nuts. The proposal would also empower the merchant to choose whichever debit card network is cheapest for them to process their transactions. Innovative merchant payment solutions tailored to your business needs. *Annual savings calculations is based on merchant's approximate monthly gross credit card charges with a 3. The Merchant liable to pay The Chargeback Fees according to the provisions of this Terms & Conditions and fees schedules attached. For these transactions, Visa will charge a fee of 0. The discount rate is the fee a merchant pays to their MSP or ISO to handle the deposit of credit card funds into the merchant account, while the effective rate is the true cost of each transaction. Merchant account Transaction Fees typically range from $0. The company prohibits merchants from charging a fee for processing a debit or a credit card transaction if they do not apply a processing fee to any other form of payment, such as a check or a PIN-based debit. Recommended Answer. Alipay also charges a 0. and Visa Europe, accounted for 55. Credit Card (Merchant) Processing Explained. Merchant Cost Calculator. About 1% of these are metal crafts. 3% of the transaction value. Woodforest works with some of the top credit card processors in the country to offer your business services such as credit card and debit card processing, check services, and gift and loyalty cards. Establish a merchant account with our company and eliminate processing and transaction fees forever. You now have an outstanding invoice for $100. Merchant or processing agent may assess a “service fee”. View Terms and Conditions for Business Transaction and Savings Accounts and our Financial Services Guide and consider them before making any decision about these products. For these transactions, Visa will charge a fee of 0. The entity submitting the instructions to transfer funds to the participating merchant's account is responsible for reporting payment card transactions. *Annual savings calculations is based on merchant's approximate monthly gross credit card charges with a 3. In this case, a merchant operating under MasterCard’s “Merit III Tier 1” fee program will pay an Interchange fee of 0. However, fees quickly get complicated because of the many variables that affect costs for a particular processing solution. Background. * Lower Startup Transaction Fee * Fast Approval. 45% of the transaction total, for the latest period, representing year-over-year growth of 20%. 01% of a $5 transaction is only around 10¢, but if you make 100 $5 transactions per day, a 25¢ per-transaction fee adds up to $25 per day. With the wallee integration your customer will be redirected to the payment page of Alipay Global for the transaction of the payment. Chinese e-commerce giant Alibaba has partnered with Silicon Valley and Lagos-based fintech startup Flutterwave to provide digital payments for African merchants using Alipay, TechCrunch reported. This advice has been prepared without considering your objectives, financial situation or needs. Visit our site to learn more!. 19 cents per transaction for Card Not Present sales. With the MINDBODY app or your own branded app, clients can pay immediately after they book your service or wait until they arrive. This is the most important fee that should be negotiated. Manage my Talus Payments account. Alipay is conceptually similar to Apple Pay, WeChat Pay and PayPal because it overlays traditional card payment methods. 61 billion. With our trusted system, we guarantee secure transactions and peace of mind as we constantly update and monitor our system for fraud or foreign breaches. The merchant typically receives funds within a few days of the sales transaction. The applicable Service Fee rate of the first calendar month will be 3. Steps: The customer requests to pay through Alipay; The merchant starts a new Alipay transaction using the Openpay API; The merchant redirects the customer to the URL returned by Openpay. This illustration shows where each player gets involved during a transaction. (Fees incurred for using select payment methods are not included. Alipay also charges a 0. 1 Authorize. For these transactions, Visa will charge a fee of 0. Interchange fee: your customer bank/issuer fee starting from 0. Innovative merchant payment solutions tailored to your business needs. Merchant service fees (MSF) All credit card transactions, and contactless, card not present (e. Last updated: July 21, 2010. A wide variety of alipay fees options are available to you, such as metal, plastic. This means you as the merchant are in control of the amount and the payment experience is quick. 75% of each swiped transaction. • Monthly Service Fee $3 Account. While that might not sound like a huge difference, it adds up. There is no Merchant Service Fee associated with processing the Refund. As a result, Alipay transaction volume on Nov 11 grew 48% to about $20 billion, from 235 countries and regions around the world. All Banks charge this fee. For a complete and accurate quote, it is recommended you contact an agent directly and discuss the needs of your business. The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. How Our Tokenization Solution Works. It is available to merchants who use both the Direct and Hosted integration model. Interchange fee: your customer bank/issuer fee starting from 0. One is the size of the block in Bitcoin's blockchain, which is limiting the number of transactions that can go through at any given time. Indemnities 6 12. It is calculated by dividing the Total Fees Paid by the Total Volume of credit card transactions. 2Checkout provides customizable options for businesses of different sizes, as well as integrated payment solutions. RiverPay Selected as Technology Facilitator for Payments via Alipay and WeChat Pay Transactions at Harrods New integrations enhance the shopping experience of Chinese consumers at one of the world. The total fees Visa charges for a transaction involving an international card processed in the U. Saving money is one of the most immediate benefits of accepting blockchain payments. Merchant account. Although users receive immediate notification of the transaction, the main difference among Alipay and an instant payment system, like Venmo or Zelle is that the funds transfer between counterparties is not immediate. the party who deploys point-of-sale (POS) terminals and accept card payments on behalf of a merchant) to the issuer (i. *Subject to terms and conditions. In case you aren’t familiar with Alipay, it is a fifteen year old online payment service (think: Paypal) that is based in China. A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. PayPal doesn't charge a monthly service fee for their standard account but their transaction fees are far higher. com under an Online Transaction and to pay the same to Alibaba. SBM will consider the appeal based on actual transaction volume. To find out more about POLi Payments low transaction fees for not for profit organisations, contact us today. This is the most important fee that should be negotiated. All fees and transaction charges are also billed by Quest and all support/settlement enquiries are handled by our subject matter experts. It involves paying the processor a flat fee for all credit and debit card transactions, which covers all the fees mentioned above. Every time a customer swipes a credit card, the merchant must pay a small percentage of the transaction to whichever card brand (Visa, MasterCard, Amex, Discover) is involved. Surcharging. An additional 1% fee will be assessed on transactions where the merchant's country is different from the buyer's billing country. View Terms and Conditions for Business Transaction and Savings Accounts and our Financial Services Guide and consider them before making any decision about these products. Alipay make this easy, by providing a test account that allows you to make FREE test transactions at any time. , card present or card not present), merchant category code (MCC), taxpayer ID, and number of locations or sales volume. To do business in China(especially for online business), Alipay is one of the most popular payment options among buyers. With Cayan, our recommended interchange-plus merchant services provider, you can negotiate your rates when you reach about $10,000 per month in credit card sales, click here to learn more. View reports. How the payment is run (wireless, chip, swipe, etc). Use the calculator to determine your Waive and Save transaction limit. These fees vary greatly by the processor. After that, its per transaction costs are on par with what you pay for most online credit card processors. Merchant account Transaction Fees typically range from $0. Credit card networks will also discriminate between online and mobile payments, and card-not-present transactions. For the first time in many years I do not feel the need to constantly check with other competitors for comparative rates, nor do I feel hesitant to trust my credit card processing company. We charge you a payment processing fee and a payment method fee for each transaction when you accept a payment. Merchant fees in China range from 1. This fee is predetermined by your merchant services provider and usually involves three components: interchange fees, assessment or service fees, and the payment processor. Alipay, owned by Jack Ma's Ant Financial, has spent the better part of the past year inking deals with payment processors that will allow it to bring its technology to America. The top supplying country is China (Mainland), which supply 100% of alipay fees respectively. What is “surcharging”? MasterCard and Visa recently announced changes to their operating rules and regulations to allow merchants to charge extra fees (called surcharging) to customers who pay with a MasterCard or Visa credit card, subject to certain requirements. merchant fee recovery for DOL transactions Merchant fee recovery is an existing cost across NSW Government Services and already applies to most Service NSW transactions. Rising transaction fees. Typically when you make a purchase with your credit card, your bank charges the merchant an interchange fee for the transaction. Before the IFR, a large merchant could expect interchange to comprise 80-95% of their total MSC, with scheme fees totalling 10% or lower (Fig 1). Depending upon your account type you may or may not see other fees on your statement. Get your own third party indian payment gateway account, Accept visa/master credit cards online, Free fraud detection and risk mitigation reports, Low chargebacks, Low transaction processing fees, All online businesses welcome, Easy integration using PHP,JAVA,ASP API Kit, Comprehensive Merchant interface. Transaction fee. 10 per authorization: MasterCard Cross Border fee 8. The payment flow. Alipay allows china tourists to make payments via their mobile phones conveniently, according to market research studies in 2017 Q1, Alipay enjoys 54% shares of mobile payment market in China. In March, for example, the big Atlanta-based processor First Data Corp. Accept debit and credit cards with Gravity, the top credit card processing and merchant services provider for small businesses. For instance, 2. merchants easy. The applicable transaction is the total of the product price and logistics fee: Alipay Service Fee =((Product Price) + (Logistics Fee))*. Advantages of Merchant Services. Another key difference is Paypal assists the wire of funds between users'-bank accounts, but Alipay qualifies and then moves funds between buyer-and-merchant-Alipay accounts. Alipay, owned by Jack Ma’s Ant Financial, reached a deal that will let its users shop at 4 million U. Amazon Pay fees Transaction fees. This fee is based on the final price of the product and is not calculated on shipping and taxes. Stripe vs Braintree: Which is The Best Solution for Your Startup? 22/12/2016 - 15:26 E-business is ever-evolving, while cash transfer is advancing together with it. Alipay has shifted its fee structure. 75 percent, but if a customer uses a MasterCard Premium High Spend card, the transaction fee is 2. merchants add a surcharge to transactions made with a credit card?. and Visa Europe, accounted for 55. 50 and vary by processor, merchant, and sales agent. 4% + markup/transaction which in the long run will considerably eat away at your gross margins. If you are a managed payments seller - opens in new window or tab, we also charge payments processing fees for each transaction. But since credit card processing fees vary depending on your merchant service provider, authorization and transaction fees do, too. The top supplying country is China (Mainland), which supply 100% of alipay fees respectively. You can also choose from free samples. Merchant Cost Calculator. Applicable PIN Debit Network, Switch, Service, and Administrative fees are passed through on all PIN Debit transactions (completed and declined). Merchant fees include fees paid by the contractor to the contractor’s bank, the credit card company (i. Merchant fees (or credit card fees) are a cost associated with your sale (note that is not a deduction of the sale) and therefore is variable. Additional fees and charges may apply. Merchant fees in China range from 1. A simple but effective benchmark revealing the real, actual percentage of fees that a Merchant is charged on all transactions. Google Play transaction fees to the developer. Transaction costs and Beijing's tightened supervision. Like Square, Amazon is going for simplicity. This started with WeChat starting to charge 0. You can always find the transaction fees for any given order by navigating to the order details page or by using the search bar at the top of the Cratejoy merchant portal. net charges a $25 monthly fee and a $49 set up fee to get started. For verified Alipay users, if monthly transfer value is less than RMB5000(including RMB5000), it is free. Processing fees, which Robert Carr Returns to Merchant Acquiring Heartland Payment Systems was processing $120 billion in. 30 for processing this return - it's a new transaction, after all. Account will be considered dormant if there is no client-initiated transaction within 1 year for Current Accounts and within 2 years for Savings Accounts. What is the transaction fee (MSC) that I have to pay? The transaction fee will be as determined in your Alipay merchant agreement. The company had its IPO in 2002 and was acquired by eBay ( EBAY ) the same year. As a result, a number of large businesses will not charge processing fees. Here are some of the more impressive Alipay statistics I’ve been able to dig up recently. Our Merchant Account Services will save you money with competitive discount rates, low transaction fees, and no hidden costs. The “interchange transaction fee,” which is paid to the credit or debit card issuer, makes up the largest percentage of the merchant discount fee and is the focus of this report. Notices 7 16. How American Express, Visa, and MasterCard Set Merchant Fees -- The Motley Fool Latest Stock Picks. Visa Tax Payment Program. Merchant fee recovery explained Financial institutions charge the government merchant fees whenever they provide a payment service. (Fees incurred for using select payment methods are not included. About Alipay. When accepting payments with PayPal, payments fees for the United States start roughly at 2. Although users receive immediate notification of the transaction, the main difference among Alipay and an instant payment system, like Venmo or Zelle is that the funds transfer between counterparties is not immediate. To conduct any credit card transaction, you need a way to transmit the credit card information. For more information on the standalone flow, see Alipay and WeChat Pay flows. The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) on electronic transactions. 7% + 5¢ per transaction. Miner fees are given to the bitcoin miner that appends the transaction to the Bitcoin or Bitcoin Cash blockchain. These are usually a flat fee for debit card transactions and/ or a percentage fee based on the sale transaction for credit cards Chargeback Fees: The fee levied by. There is o tax invoice issued by the banks for their account transaction fees, establishment fees, honour fees, dishonour fees etc. In order for Service Provider to satisfy its obligations to Alipay, Service Provider may reasonably request from the Merchant from time to time certain information relating to the Merchant's use of the Integrated Utility (including transaction information and this Addendum), which Merchant agrees to provide to Service Provider as requested, and. The issue is that bank fees are normally associated with transmission fees, bank account administration, etc. If you do business internationally, you also avoid paying steep international transaction fees. Within stores, Apple Pay transactions are treated in the same way as your current credit, debit, Suica, or prepaid card transactions. 936 trillion in payments for goods and services in 2016. 4% for each of your transaction. They are also inherently mobile, and if SnapPay can set up merchants to work with these two wallets, it opens the door to a more fully digital merchant relationship. There may be two applicable WeChat Pay fees or AliPay fees applied by the Acquirer to the merchant. The transaction fee for all purchases in Google Play (apps and in-app purchases) is 30% of the price the customer pays. American Express, in contrast to the other card issuers, issues merchant accounts directly and governs its own rates. The MSF is made up by the interchange fee set by the card schemes, and costs incurred by us to process the transactions. A mobile payment solution where every party benefits. Alipay is the most widely used third-party online payment service provider in China. We make integrating Alipay and WeChat Pay for U. access to any records of Transactions or End-User data collected or processed by Authorize. Responding to these requests may prevent a future chargeback on the transaction. If a “service fee” is assessed, it must be processed as a separate and unique transaction and not embedded with the tax liability payment. Typically when you make a purchase with your credit card, your bank charges the merchant an interchange fee for the transaction. Alipay browser payments are supported for transactions in currencies — AUD, CAD, EUR, GBP, HKD, SGD, USD. ) Alipay charges no transaction fees and requires customers to indicate that they are satisfied with the quality of goods or services received before payment is processed. Alipay users will get a withdrawal "quota" worth 20,000 yuan ($2,993) for which cash-outs are free. Debit Purchase (eftpos) Merchant Service Fee* Flat fee per transaction or as a % of the dollar value processed. According to a report covering the announcement, the. For verified Alipay users, if monthly transfer value is less than RMB5000(including RMB5000), it is free. Note that the gateway only supports Alipay for cross-border merchants, i. QuickBooks users, just let us know if you need an Internet Merchant Account or a Retail Merchant Account and we'll get it set up for you in no time at all. The service fee may be calculated as a percent of the tax amount. It isn’t charging any recurring fees, requiring any contracts or creating a complex fee structure for chargebacks, refunds or international card transactions.