What is the difference between Alipay merchant payment code and personal payment code?

Difference: 1. The merchant’s payment code needs to charge a handling fee, usually 0.55%, but there is no need to pay a withdrawal fee; the personal payment code requires a handling fee to withdraw funds, usually a cash withdrawal. 0.1% of the amount. 2. There is no limit for merchant payment codes; while the annual limit for personal payment codes is 200,000 yuan. 3. Merchant payment codes can participate in various Alipay promotions; personal payment codes cannot participate. 4. The merchant's payment code supports bank card, balance and Huabei payments; while the personal payment code can only support bank card, balance payment.

The operating environment of this tutorial: HarmonyOS 2 system, Alipay 10.3.0.8000, HONOR V30 mobile phone.

Alipay has launched different payment codes for different user groups. For example, individual users can use personal payment codes to collect payments, and self-employed merchants, enterprises, etc. can open merchant payment codes. Make payment. So what is the difference between Alipay merchant payment code and personal payment code? Let’s find out together.

The difference between Alipay merchant payment code and personal payment code

1. Different charges:

• Merchant’s payment code requires a handling fee, usually 0.55%, but there is no need to pay a withdrawal fee;

• Personal payment code charges Fund withdrawals require a handling fee, which is generally 0.1% of the withdrawal amount.

## 2. Different limits:

There is no limit for merchant payment codes; the annual limit for personal payment codes is 200,000 yuan, and if it exceeds 20 You will no longer be able to use this account to collect payments.

3. Different rights and interests:

• # Merchant payment code can participate in Alipay’s various preferential subsidies and full discount activities

• Personal payment codes cannot participate.

4. Different payment channels:

• In addition to supporting bank card and balance payments, merchant payment codes , also supports Huabei payment;

• personal payment code can only support bank card and balance payment.

Extended information:

Alipay Network Technology Co., Ltd. is a domestic As a third-party payment platform, Alipay has always put trust as the core of its products and services since its establishment in 2004. It has two independent brands, Alipay and Alipay Wallet.

Alipay has established strategic partnerships with more than 180 banks at home and abroad, as well as international organizations such as VISA and MasterCard, becoming the most trusted partner of financial institutions in the field of electronic payment.

1. Alipay handling fee

Starting from October 12, 2016, Alipay will charge a 0.1% service fee for excess withdrawals. For individual users exceeding the free limit There is a 0.1% service fee for withdrawals, and each person has a basic free withdrawal limit of 20,000 yuan

In addition to cash withdrawals, use Alipay for consumption, financial management, insurance purchase, mobile phone recharge, utility and gas payment, registration, and payment Services such as traffic fines, transfers to Alipay accounts using mobile Alipay, and credit card repayments will not be affected.

Starting from October 12, 2016, the funds newly transferred by users from their balance to Yu'e Bao can only be transferred back to their balance when they are transferred out, and cannot be transferred directly to their bank cards.

2. Notes

1. Newly opened merchants do not support Huabei collection for the time being. They need to have a certain normal transaction flow and be reviewed by the Alipay system. Activation

2. Please read the credit card transaction rules in detail when using credit card transactions to collect payments

3. Merchants that opened before March 31, 2017 enjoy rate subsidies, and the following month after the transaction in that month 0.2% back, up to 1,000 yuan (i.e. 500,000 transaction amount)

3. QR code payment

In October 2010, Alipay launched the first domestic A QR code payment technology to help e-commerce extend its development space from online to offline

4. Barcode payment

On July 1, 2011, Alipay Guangzhou launches barcode payment, suitable for use in convenience stores and other scenarios. This is the first barcode-based payment solution in China, and there is no similar payment technology.

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