Alipay is a popular digital wallet in China, operated by ANT Financial Services Group, a financial services provider affiliated with Alibaba. Launched in 2004, Alipay currently has over 450 million active users. Businesses looking to grow their presence with the increasingly active Chinese audience transacting online both within China and around the world should consider offering Alipay.
Chinese consumers using Alipay transact most frequently in e-commerce, travel, online education, online gaming, and food/nutrition. Alipay wallet holders can pay on the web or on mobile using their login credentials or their Alipay app. Another benefit of Alipay lies in the reduced risk of fraud: payments are authenticated with the customer’s login credentials and dispute rates are very low.
Where can I set my payment options in the dashboard?
Go to Shop configuration > payment options in your dashboard to find your payment options.
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Booking type
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No appointment needed, accept new booking automatically
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Payer geography
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China
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Currency
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USD, EUR, GBP, CAD, AUD, SGD, HKD, JPY, NZD
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Disputes
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Yes
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Payment confirmation
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Immediate
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Explanation of terms used in the table:
- Booking Type: In which type of accept bookings is the payment method possible?
- Payer geopraphy: Where can you use this payment method
- Currency: Which currencies are supported for this payment method?
- Dispute: Is there a dispute to receive the payment from the customer?
- Payment confirmation: How long will it take to get the confirmation?
What does the process look like for the customer?
