As a leading nationwide merchant service provider, US Bankcard Services, Inc. (USBSI) has taken the initiative to be one of the very first merchant service providers to offer US merchants the Alipay Payment Service, one of the most popular payment services in China, through a partnership with Citcon Merchant Services.
The Alipay Payment Service provides a convenient and familiar payment option for traveling Chinese consumers. By accepting Alipay, you gain exposure to 450 million active Alipay users, (twice the number of Paypal!) all of whom have the potential to increase your business' transaction volume and profits.
Boost revenue and profits of your business by connecting to Chinese tourists
Gain brand exposure with
450 million active Alipay users!
Increase customer satisfaction by providing a convenient payment option
The Alipay user opens the Alipay app on their phone. The user presses "Pay"
A unique barcode and QR code will be generated. The Alipay user shows the bar code to the merchant.
The merchant scans the barcode (not QR code) on Alipay user's phone with the provided terminal.
Payment confirmation page will be shown on Alipay user's phone.
Alipay is the world's largest mobile payment application, with over 450 million active Chinese consumers. These consumers can use Alipay as a payment method in many different aspects of thir daily life.
Alipay is an affiliate company of Ant Financial Services Group, and is China’s most popular digital wallet. Currently, there are 450 million people using the app to shop offline, online, book vacations, and even pay their utility bills. There are literally hundreds of ways to put Alipay to work. View this video for more information about consumers using Alipay in their daily lives. (Video)
The Alipay Payment Service is available to users who have a bank account in China. Users that do not have a Chinese bank account can still download the app and use other services that Alipay provides, but they will not have access to the Alipay Payment Service.
Alipay users can use the Alipay app to purchase goods in-store with the support of the terminal provided by US Bankcard Services, Inc. (USBSI). At the point of sale, the user launches the Alipay app and opens a screen with a unique barcode. The Merchant will enter the amount of the transaction into the terminal and then scan their customer’s unique barcode with the terminal. The device will authenticate the transaction and charge the user. The amount charged will be in RMB and converted based on the daily exchange rate from the USD amount charged. The same exchange rate will apply to any refunds.
Alipay does not charge any fees to the users for using the service and it provides their users with the lowest exchange rate available. Merchants will be charged a discount rate and settlement fee as well as any other service related fees as mentioned in the contract.
The maximum transaction amount is 300,000 RMB per day, per user (approximately $45,000 USD). This transaction limit is applied per Alipay account. Alipay accounts with multiple cards will be subject to the same restrictions. The per day limit is per 24 hours (non-rolling) based on Beijing time of 00:00 ~ 23:59pm.
No, your Alipay account will not be linked to your existing USBSI account. They are separate accounts with different contracts.
At this time, Alipay Payment Services only apply to
face-to-face transactions. Therefore, it is suitable for
retail or restaurant merchants, but not for Mail Order/
Telephone Order or eCommerce merchants.
Additionally, merchants who are on the list of prohibited business types will not be able to accept Alipay. For more information, please visit https://global.alipay.com/product/listingpolicy.htm
No, other existing terminals do not have the function to accept Alipay payments. In order to accept Alipay payments, you must open an Alipay account with USBSI and use the specific terminal provided.
Yes, each transaction will print a receipt.
USBSI provides the terminal to merchants as a FREE LOANER.
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