WeChat Pay
WeChat Pay is a digital wallet connected to the eponymous Chinese superapp. In recent years it has quickly become a vital payment method for businesses wanting to reach Chinese shoppers, both home and abroad. WeChat has evolved into an ecosystem that allows Chinese shoppers to chat, browse, and make payments, all in one place - making shopping as easy as chatting to your friends.
Payment pricing
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1.2 Billion monthly active users & 800 million monthly payment active users
79% penetration in China and responsible for 34% of total mobile data traffic
Cross-border settlements: payouts supported in multiple currencies
Features
| Payment type | Digital wallets | |
|---|---|---|
| Channel | Online | |
| In person | ||
| Available in | Europe | Norway*, Denmark*, Finland, France, Sweden*, Poland**, Portugal*, Ireland**, Austria, The Baltics**, Italy, Spain, Switzerland*, Belgium, Netherlands, Iceland**, Slovakia**, Germany, United Kingdom |
| Asia Pacific | Hong Kong, India*, Japan, China*, Singapore | |
| Oceania | New Zealand, Australia | |
| North America | Canada, United States | |
| * Online only | ||
| ** In person only | ||
| Currencies | Settlement currency | AUD, CAD, EUR, GBP, HKD, NZD, SGD, USD, JPY |
| Processing currency | AUD, CAD, CNY, EUR, GBP, HKD, JPY, NZD, SGD, USD | |
| Other | Refunds | |
| Partial refunds | ||
| Multiple partial refunds | ||
| Multiple partial captures | ||
| 3D Secure | ||
| Chargebacks | ||
| Local entity required | In the processing country (e.g USD requires a US entity) | |
| Sales day payout | ||
| Settlement delay | 2 days | |
| Recurring |
How to integrate payment methods
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