Leon XU

In charge of all relevant strategic business cooperation in Hong Kong & Europe

Alipay offers a real-time payment mode for international payment that does not include third-party guarantee service. When a buyer has paid RMB for a purchase from an international website, Alipay will deduct the payment from the buyer's account in real-time, use it to buy foreign currency, and remits the sum to the account of the international merchant in settlement (also means there is no chargeback with Alipay). It will be entered into the merchant's account in an international bank when the agreed settlement amount is met. Alipay bears the cost of international remittance within mainland China. In return, Alipay will make the remittance to the merchant for every accumulated amount payable to the merchant to offset part of the cost.