E-wallet Review: What is AliPay

AliPay is one the most well known e-wallets in Asia, especially in China. It is a third party mobile and online payment platform established in 2004. There are millions of online and in-store transactions that stem from AliPay on a daily basis. AliPay works much like other e-wallets; you are required to attach your debit/credit card to the app and then use it to make fast and convenient purchases. For example, In 2013, AliPay overtook PayPal as the world’s largest mobile payment platform of the year and it continues to dominate the e-wallet market today.

How does AliPay work? 

Once customers have attached their debit/credit card details to an AliPay account, they can opt to make payments through a QR code using the app or by filling in their AliPay account details. If the transaction is successful on the app, the transaction status will alert users that it is complete and MultiSafepay, a payment process solution for recurring, multicurrency or split payments, will add the funds to the balance of one’s MultiSafepay control. 

The app has made it possible for people to pay their bills without moving from the comfort of their homes. With the all-encompassing mobile payment app, one can pay for your airline’s ticket, transfer money, pay for cabs and utility bills, or buy a beer – all of the above by just using their phone.

Security on AliPay:

• 100 percent reimbursement for unauthorized transactions.
• 90 days of payment protection.
• Quick-response time

Benefits of using AliPay:

• AliPay users do not have to carry bulky wallets or multiple cards. They can manage everything within the app which makes it safer and more convenient for use. 

• Online shopping can be secured through a PIN code. Therefore, no lengthy fillings of personal information or card details are required for every transaction. 

• A pin code is needed to authorize every transaction. Users can use their smartphones to enable touch ID or fingerprint security systems to secure payments. 

• AliPay is available on budget-friendly online stores such as Taobao and Tmall.

• Easily transfer funds to other AliPay users. 

• There is also an option to invest in mutual funds with Alibaba .

• A clear transaction history to help users manage their funds. 

• It can be optimized on AliExpress . 

How to use AliExpress via AliPay?

You can pay for your orders on AliExpress using Alipay. The whole process is simplified to speed up the shopping process and can be broadly divided into four steps: 

• The first thing would be to select the product on AliExpress.

• Select Alipay as your mode of payment when checking out. With this, you can use Alipay to pay for your orders.

• The seller delivers the goods to you.

• Once you receive your order, Alipay will finally transfer the money to the seller. This is done only after you indicate satisfaction with the product.

Yes, it really is that simple! Keen on getting registered on AliPay? Do note you will need the following things to apply:

• Passport Number

• Phone Number

• Bank Account

Do you have these things ready? Now you can finally make your Alipay account and enjoy the tremendous benefits it offers.

Create your account and shop away without any hassle!