Alipay
China’s Leading Payment Application
With a massive base of 900 million users, Alipay is China’s leading payment application. China is leading the charge in using digital wallets, and currently 90% of the Chinese population uses mobile payment systems. Merchants can accept Alipay payments online, in person, or via app. Like many other mobile wallets, contactless payments can be effectuated via a QR code.
Alipay can be integrated as an online payment and connected to well-known shopping carts such as Shopify, WooCommerce, or Magento. In addition to opening the doors to nearly a billion consumers in China, Alipay allows you to reach out to a global audience in over 100 countries, including the United States, Brazil, Russia, Ukraine, Germany, Spain, Israel, Turkey, Italy, and more.
Citcon offers one simple integration for all mobile payments — including Alipay and 100+ other mobile wallet providers, with free setup and easy onboarding.
FAQs
How Does Alipay Work for Merchants?
Citcon’s versatile POS terminal helps merchants process Alipay mobile payments over WiFi or 3G/4G networks. It’s as easy as entering the payment amount and scanning the customer’s mobile wallet. The important thing to keep in mind is that most Alipay users execute these steps all the time. When they enter your store, this POS terminal represents to them comfort and payment security.
If you have a POS terminal already, Citcon can make it Alipay ready with just one API call. For businesses that are strictly eCommerce or sell through an app, online payment integration is a breeze using our API.
Why Accept Alipay as an In-Store Payment Method?
Imagine if you went overseas and none of the stores accepted Visa, Amex, or Mastercard. You would be far more likely to spend less on your trip, while not thinking too fondly of the stores that made shopping more of a hassle. Repeat travelers and shoppers are likely to pass over stores where shopping and paying is not as easy or secure. Adding payment options like Alipay can add future customers to your business, not just make life easier for current ones.
How Secure Is Alipay?
With mobile payments, there are no chargebacks or risks of fraud. If, as a merchant, you sell a customer goods or services worth $100, you’re guaranteed to receive that full amount. With Alipay, you won’t be left out to dry, and can’t be liable for fraudulent activity.
Sources: Alipay, Statista, WorldRemit