I hear yours often (i.e. Are you using Chinese WeChat version with local phone number? Now we can still send red envelope from wallet balance but we can not receive new funds from red envelope or transfer. One more thing: you might read through this and find that WeChat Wallet wont work for you. Ive tried 5 different credit cards from different banks (both from US and Kuwait). Since I am initiating the exchange, I will pay the US$100 via Paypal (or whichever payment you choose) and then wait for my exchange partner to receive the money, connect with me on WeChat and then transfer the funds in Chinese yuan to my account. You can add a foreign credit card here, and while it might connect, it wont activate your Wallet. Basically, it is a same app which will get different features based on your mobile number. Currently, only users registered in China's Mainland, Hong Kong SAR, and Malaysia will automatically see the Pay feature entry. (surprising answer). But hey, maybe thats your thing. ID, but the truth is the app is available to anyone with a contact number In the U.S., users do not have the option to set up a wallet unless they download the international version of the app. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Does anyone know what the limit of payment per day is? Each transaction is recorded and available in WeChat. Learn more about them below. Hi Cynthia, I have no doubt your son has classmates and teachers that can help him until youre able to get him set up again. Therefore, i must transfer usd using my us bank account to a chinese friend in china. Up to now, the number of monthly active users of WeChat Pay around the world has exceeded 800 million; merchants from more than 49 countries and regions have been allowed to access WeChat Pay; more than 16 currencies, including HKD, USD, GBP, JPY, CAD, AUD, EUR, NZD, KRW, THB, SGD, RUB, DKK, SEK, CHF and NOK are able to be settled on WeChat Pay For viewing all transactions, tap on Transactions link showing on top right corner after tapping on Wallet option. Can I still use swapsy to recharge my wechat wallet ? We share our experience through blog articles, demos, eBooks, videos and glossary terms for the benefit of webmasters and tech community. I never use wechat apps before. WeChat Pay (international) AliPay(international) Business entity: Overseas business license: Overseas business license: Bank requirement : Home country : Home country : Account set-up fee: Free: $1000: Transaction fee: 3%: 3% (or less) Access: Via WeChat App: Via AliPay App: Users: Approx 900 million : Approx 900 million: Combined with WeChat official . Alternatively, you can try with some other vendor to check whether it works for you. When you have multiple WeChat Pay accounts in the countries mentioned above, you will have Wallet Region option in the app. Is there anyway for me to continue using WeChat pay? Merchants can offer customers loyalty cards and coupons which are accessed and managed within the WeChat app. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. You need to go to bank and provide earning proof for sending money outside China. T+1 day settlement this information i found for looking for another way, thanks. Would appreciate the help. Besides WeChat Pay, known as Weixin Pay in China, the other dominant player is AliPay, which is developed by tech giant Alibaba. Get unlimited access to all stories at $0.99/month for the first 3 months. Mastercard Inc. (MA) announced on June 21 that cardholders will be able to link existing cards to a digital wallet by Alipay, the payment platform operated by Ant. This is an important point that WeChat in not a money transfer app. What you can do is to go to the Chinese bank and get a duplicate bankcard. Exclusive news, data and analytics for financial market professionals, Reporting by Josh Ye; Editing by Kim Coghill, China urges Netherlands to not abuse export control measures, Twitter now requires users to sign in to view tweets, Nokia renews patent license agreement with Apple, Apple's market value ends above $3 trillion for first time, Exclusive: Letter from prison: South Korean chip executive denies stealing Samsung data for China factory, Volkswagen in talks with Tesla to adopt its charging standard, Draft EU artificial intelligence rules could hurt Europe, executives say, Canada says Microsoft deal to buy Activision likely to lessen competition, Yandex makes changes to financial team ahead of corporate restructuring. my swapsy partner had to reTurn the funds to paypal! Note: You can choose to charge payments to your bank card or WeChat Wallet balance. Hi, Im in Malaysia and have the wechat MY app, I cant follow your guide, non of the settings is available. If you would like to customise your choices, click 'Manage privacy settings'. WeChat Pay is now available for international users! 3 min read Foreign tourists may find it easier to pay for taxi rides, restaurant meals and attraction tickets in China's cashless society from next month, as Tencent. When you pay to vendor, it will be directly debited from your credit card. WeChat has Quick Pay, QR Code Payments, In-App Web-Based Payments, and Native In-App Payments, all to fulfill the full range of scenarios your customers expect to fulfill different payment situation. Cheers. Im not sure about the bank card and official Chinese ID youre referencing, but I do know that any direct transfer process such as USYNO shouldnt be affected by that. However something changed around end of 2019. Also, bE sure its the receive money qr code you upload tO swapsy, not your Wechat id qr code. Is Cash or Credit Better for European Trips? Issue e-coupons and target customers at a lower cost. Swapsy provides a full amount guarantee, which means that if your exchange partner defaults, they will cover the exchange amount. I recommend you look into a global payment solution like ECARD as an alternative to WeChat and Alipay. Alipay is a mobile payment app owned by Ant Group. Thanks for the info! Swapsy gives you the option to choose from an existing swap request, which is faster (immediate matching) and cheaper (.6% service fee) or you can start your own swap request (1.5% fee). November 11, 2019 by Mark Chua in Guide. Thank you for this new research Most . whether inside or outside China. Foreign visitors often find themselves unable to pay for things in China where many shops and restaurants now only accept mobile payment rather than credit cards or cash. Any purchase I make from the Apple AppStore gets deducted from my bank account, even my standard payment choice is wallet. All quotes delayed a minimum of 15 minutes. It seems to be all up to the individual banks. Once the card and phone number have been verified (which is pretty much instantaneous), your WeChat Wallet will be activated. Well, the effective way is to use a local SIM and install Chinese version of WeChat. WeChat piloted payments by overseas visitors via credit cards on selected platforms such as ride-hailing services DidiChuxing and Chinas official train ticketing platform 12306 since November 2019. You can add multiple cards and remove the old card from your account at any point. march/28/2021. Has this ever happened to you or anyone you know? Live Activities Not Working in iPhone? Its similar to the process required to transfer money overseas using Alipay, but it takes care of the currency exchange for you. This is the part that requires a bit of trust. I recommend first verifying your wallet is working as suggested by others either by havIng a frIend give you a token amount, or as i diD have a vendoR give you change from a cash Purchace to yoUr wechat wallet. Tap Balance option showing below the QR code and set your default payment method. The foreign credit card function is almost worthless. Users use WeChat's "Scan" feature to scan a payment code on a web page to make payment. Its possible, but unfortunately since Covid, the eCard isnt accepting new applications. Price Action:TCEHY shares closed higher by 2.74% at $43.57 on Tuesday. Using WeChat Pay in China as a Tourist - International Business Seminars You can pay to vendors like mobile top-up from WeChat Pay through the connected credit card. Hi there. If you didnt already know, paying by WeChat in China has quickly overtaken cash as the most common method of payment. Users make purchases in merchant apps using WeChat Pay. I get a message saying WeChat pay is not available in your region. Users open WeChat to scan the code, confirm the amount, and make the payment after passing the security checks. To sign up; Depending on the region where you downloaded the app from, you may already see the Wallet feature. Thankfully, Ive never had to make use of that guarantee, but its there if you need it. Sign In. See if your local grocery store participates by looking for the WeChat logo. See here for a complete list of exchanges and delays. Guide to Setup WeChat Pay Wallet for Foreigners, 11 Ways to Find Friends in WeChat iPhone App. . We, Yahoo, are part of the Yahoo family of brands. This simple process allows you to make the currency conversion using peer-to-peer technology, making it extremely cheap. Then, the Covid-19 pandemic hit in 2020. Swapsy facilitates the connection and theoretically takes the risk out of such exchanges. The problem is that the vendor can block or not accept payments from certain payment gateways like WeChat Pay. Don't have the time right now? In this article, we will explain the app features with local Chinese mobile number. Visa and Mastercard have not replied to Reuters requests for comments. "Tourists to China can finally use the countrys massively popular mobile payment systems.". I cant say for certain either way at this point. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The WeChat Pay international expansion is inevitable. Do you know any alternative to SWAPSY because it is only for USA USERS? WeChat Pay to accept overseas Visa cards, facilitate foreign tourism in China is a very interesting, technologically advanced and you may not get most of the digital tools you use back at home. After I set up my account and and added my payment methods for both US dollars (via Paypal or Zelle) and Chinese yuan (WeChat), I simply told Swapsy that I wanted Chinese yuan in the equivalent amount of US$100. Foreigners Can Now Use WeChat Pay Directly with Their International Cards - No Need to 'Top-Up' a Virtual Prepaid Card . Moreover, this option limits the usage to paying for purchases. There are two ways to create an international WeChat Official Account: Directly, via WeChat With an external partner, like AdChina.io In this section, we'll be breaking down both routes to making a WeChat Official account application covering every step, along the way. Quick Payments . Currently, users, including foreigners, have to link their Chinese bank cards to WeChat to use its mobile payment services. China government regulations require that an official ID be attached to each WeChat or Alipay Wallet, and for now, the only way they can do that is with a Chinese bank account. I have set up WeChat Pay with my VISA, but it appears I cant transfer money to her WeChat Pay account? I know that sounds weird, but it seems there are different functionalities based on where the app is downloaded. What am I missing here? Even in Vancouver, Toronto, Montreal and other Canadian shops, you can use WeChat Pay now . Investopedia does not include all offers available in the marketplace. With WeChat's powerful new development tools, it can be developed in a shorter time and at a lower cost than traditional applications. Please help thank you. Unless you have an active WeChat wallet that is connected to a current Chinese bank account, the unfortunate answers is probably not. You can also checkout our Alipay guide for foreigners. Is it possible? You should contact their support to find out. I already verified my identity, is WeChat Pay with foreign credit card confirmed to be working now?