Australian Business account holders on Airwallex can now enable WeChat Pay on their accounts. Don’t worry, you don’t need to do anything! Airwallex will automatically apply for and hook up your business details to a WeChat merchant account on your behalf.
WeChat Pay is a payment solution that’s completely integrated with the WeChat social media platform. It can be accessed via the ‘Wallet’ feature in the app, and acts as a digital wallet where WeChat users can keep funds. WeChat Pay allows users to transfer money to friends, buy products at stores by scanning QR codes, make payments online, pay for cabs, book accommodation, etc. A keystone payment method for businesses that want to reach Chinese consumers; supporting it allows businesses to reach nearly 300 million Chinese consumers all over the world.
Once WeChat Pay is successfully enabled on your Airwallex account, as a seller, a WeChat payment QR code will be generated alongside the invoices you create. Simply snap a picture of the QR code and send to to your client, allowing them for quick payment of the invoice without needing to log in. Similarly, as a buyer who receives the invoice via email, after reviewing the details of the invoice you can now either log into your Airwallex account to proceed or scan the QR code from your WeChat app to finish the payment process.
With only a 0.5% collection fee payable by the buyer if WeChat Pay is chosen as the payment method, and a maximum of 1.5% transaction fee, your Airwallex experience has never been quite so simple!