Alipay official confirmation: withdrawals are free of charge

On February 16th, WeChat suddenly announced that the change of transfer fees to cash withdrawals caused an uproar on the Internet. From March 1, 2016, the transfer function of WeChat payment stopped charging fees, but at the same time, the cash withdrawal function began to collect fees. Specifically, the amount of charge is based on 0.1% of the withdrawal amount and is at least 0.1 yuan each. At the same time, each user will receive a free cash withdrawal quota of 1,000 yuan, which will be shared with the ID card number. News release, many people naturally think that Alipay will also follow WeChat charges. In response, Alipay’s official Weibo officially responded this morning: Alipay mentions no charges.

“There are a lot of small partners to ask the baby early in the morning, and my unified reply: Alipay mentions no charge!” said Alipay Microblog.

For WeChat charges, Tencent stated that the withdrawal of charges is not a measure of commercialization of revenue for WeChat payment, but is used to pay fees charged by banks. WeChat payment teams are actively communicating with banks to achieve early transfer. Cash withdrawals are completely free.

Tencent claims that the current rate of withdrawal is 0.1%, but the bank's rate is higher than 0.1%. In fact, WeChat payment still needs to bear some of the costs.