China Payment Option - Alipay
Alipay is one of the famous payment options in China that was founded by Alibaba Group in year 2004. Alipay has 47.1% of China market share, according to the Q1 2010 survey in China. Now, iPay88 is partnering with Alipay so that non Chinese merchants able to offer Alipay as one of the payment options in their e-commerce website via iPay88 and this is great opportunity for merchants to enter the booming Chinese market. As of March 2010, Alipay reported they had registered users of over 300 million.
One time set up cost: USD68.00
Yearly maintenance fee: FREE
Transaction Fee:
Settlement period: Weekly basis
Currency Settlement: US Dollar (USD)
Key Features
- Accept comprehensive of online payment options:-
- Real-time online payment consolidated report
- Payment notification via email or SMS (acknowledge via SMS will involve additional cost per SMS sent)
- Equipped with Internet Security Features (PCI Data Security Standard compliance)
- Online Fraud Prevention Mechanism
- Easy to integrate
- Featuring Email Payment
