alipay and wepay

THE MOMENTUM

NAME ID

Afsana Mimi 029-017

Niskriti Mandol 029-059

MD.Altaf Hossain 029-079

A.K.M. Ashraful Islam 029-083

Nabanita Dhali 029-115

AlipayTrust Makes It SimpleAlipay.com is a third-party online payment platform with no transaction fees. It was launched in China in 2004 by Alibaba Group and its founder Jack Ma.

WepayMake payments your platform's strength

WePay is an online payment service provider in the United States. The company provides a payment API to platform businesses such as crowdfunding sites, marketplaces and small business software.

How does ALIPAY work???

An ALIPAY Account

1.Go to ALIPAY’s application site.

2.Choose your country.

3.Verify your email account.

4.Verify your phone number.

5.Fill out the registration form.

6.Login your alipay account.

A typical purchasing PROCESS:

1.Buyer chooses the product and makes payment.

2.Keeps money in escrow and inform the seller.

3.Seller send the product to buyer.

4.Buyer receives the product,makes confirmation and money sends to seller from alipay account.

How does wepay work?

1.Add your bank card to WeChat wallet.2.Insert the information required.3.Now you can get money in WeChat! Go to”Balance”,click in “Top Up”,write the value you want and insert your password.

Registration:

How does WePay work?

How does WePay work?

Payment:

Just need to go to “Quick pay” and the store will scan the QR code for verification and will be completed payment easily.

Transfer:

To transfer money you need to have that person in your wechat contact list.Go to “Transfer” in the Wallet, select a contact, the value, insert the password and done!

Alipay Charging Method

Alipay charged:

1.Transaction Fee: Charge of each transaction value

Service Fee rate of the first calendar month will be 3.0 % of each Transaction Value.

Transaction value of preceding calendar month < RMB 1 Million = 3.0%

Transaction value of preceding calendar month >= RMB 1 Million = 2.5%

Transaction value of preceding calendar month >= RMB 3 Million = 2.2%

Transaction value of preceding calendar month >= RMB 10 Million = 2.0%

Alipay Charging Method

2. Remittance Fee:Settlement by turnover

3. Exchange Rate:Alipay would bear the exchange risk and cost

4. Withdrawal Fee: Charge service fee for cash withdrawal-

RMB=20,000 per year withdrawal is free.

Exceeds this quota charges 0.1% service on each transaction with a minimum fee of RMB 10 cents per transaction.

WePay Charging Method

WePay offers two services :

1.Connect, a quick set-up approach -

A flat 2.9% + $0.30 per transaction (with credit cards)

1% + $0.30 per transaction (with bank transfer)

2. Clear, a white-label payment approach-

Merchants set their own pricing

Wepay and Alipay in Bangladesh

All one need is an email to sign up for free.

peer-to-peer (P2P) fund transfers in BDT.

shopping online on countless e-commerce websites.

Withdrawing and adding funds directly with local bank accounts.

Buying or selling through Facebook pages.

WePay and Alipay services is not available in bangladesh.if we can avail this services in our country we will get the below benefit-