In accordance with its AML, anti-fraud, and other compliance and security policies and procedures, Alipay may impose reasonable limitations and controls on Companys ability to utilize the Alipay Service. Is there any other way, perhaps? Yes, you can do it through your bank with your passport. 20.1. Capitalized terms not defined in this Schedule B shall have the meaning given to them in your Agreement including those set out in Schedule C of your Agreement, unless the context requires otherwise. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Hey Michael, glad it was useful so far. But the money moving abroad has not had any proof of tax paid. I assume that I can only receive RMB as opposed to any other currency? (Payment methods vary by country). First, and most importantly: There is no easy way to move money out of China. Risk management - Alipay uses a risk management framework to keep fraud attempts at bay and prevent money laundering. Any disbursement of the Relevant Funds by Alipay to the Companys Customer(s) shall be in USD. This implies, of course, that the online merchant accepts Alipay, so you should check before you go ahead with the transaction. And the rest of the sender info is my own? Other than the foregoing, all notices and other communications given in connection with your Agreement (including changing any terms of your Agreement and, in the case of the Company, notification of a change of Company legal name) shall be in writing, in English and shall be sent either by express courier or facsimile to the contact details and address provided by the Parties in the Service Application Form. maintains a reliable system to retrieve Transaction Information to Alipay upon request (as may be required by Alipay to meet is regulatory obligations or directions to it by law enforcement agencies); iii. With this you can spend in China, but not receive money or transfer the money back to your overseas bank. Subject to Applicable Law, Company shall bear all losses in relation to an inaccurate, incomplete, outdated, or cancelled Company Instruction, or recall of any Relevant Funds. C. No Conflicts. Company shall pay any relevant dealer, bank, interchange or similar transaction or account fees for transferring the Relevant Funds to Alipay. to make cross-border payment transactions or disbursements through the Company and Alipay. Company shall take full responsibility for all liabilities arising from any and all Company Instructions provided to Alipay under your Agreement. Recently, eScooter company Helbiz announced that Alipay would help to expand its sales, . I dont think its a huge security risk to add your bank account details, but if its a foreign bank, Im not sure the transfer is going to work well. Receive remittances quickly - Alipays partnership with WorldRemit means that Alipay users in China can now conveniently receive remittances from overseas directly into their Alipay e-wallets almost instantly. e. Alipay takes no responsibility for verifying Company Instruction. Your Agreement is the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous agreements and understandings. Hi josh, Rather than being a huge lump sum, these would likely be monthly payments of maybe 2,500 Yuan each. Subject to clause 8 (Limitation of Liability), Alipay shall at all times, whether during or after the term of your Agreement, indemnify and keep indemnified Company and its Affiliates (the Company indemnified Party) against any claims ordemands brought or established against the Company indemnified Party, or any losses, awards, penalties, damages, or expenses sustained by the Company indemnified Party, arising out of or in connection with: 7.2.1. any death or personal injury arising from gross negligence, to the extent caused by any act or omission of Alipay; 7.2.2. breach of Applicable Law by Alipay; 7.2.3. dishonesty, fraud or fraudulent misrepresentation by Alipay; 7.2.4. any breach of clauses 10 (Data Privacy) or 12 (Confidentiality) of this Schedule B by Alipay. After Klicking on that sign, a new page is opened where you see (lower right side) a circle with a $ sign and a curved arrow. And if so, how exactly is it done? While China is major destination for business-people and tourists alike, credit cards arent as widely accepted as youd expect. Hi, Did your bank abroad charged you as well? Convenient payments - in this digital world, using cash abroad seems unnecessary. International transfers through Alipay require a Chinese ID, which means that if you want to make a transfer of money outside of China, you will need a local Chinese to help you. First my friend put translation as the reason, but the transfer was declined. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Subject to paragraph (b), Alipay shall, based on instructions given by Company which are irrevocable (Company Instruction(s)), facilitate the disbursement of, the Relevant Funds to the Companys Customers accounts maintained with World First Asia Limited in the Territory provided, however, that Alipays obligations under your Agreement are owed only to Company and not to any other party (including Companys Customers). (a) To the extent permitted by Applicable Laws, Alipay and the Company shall cooperate with each other, partner banks and partner institutions to make inquiries and respond to inquiries of relevant transactions pursuant to Applicable Laws, including but not limited to providing the identification information, transaction information, purpose of the transaction and other information related to the transactions (to the extent permitted or requested by Applicable Laws). What is the difference between PayPal and Alipay? Any Transaction initiated by the Company shall be denominated in, and the Relevant Funds shall be transferred from the Company to Alipay, or any of its Affiliates as designated by Alipay from time to time, in USD. The Alipay app uses secure technology to encrypt and protect your data. rules and regulations and including those issued by governmental or regulatory authorities having jurisdiction over the relevant Party,that are applicable to a Party or its business or which a Party is otherwise subject to. Find out more. The Company represents that it complies with such policies and procedures. In this case, the merchant can scan the payment code presented by the customer to collect the payment. But i recently noticed that the option For to make the trans isnt there anymore. The app is free to use, you just need to create an account and add your card details.. Registration number: 900891. I have just downloaded the Alipay app and I was wondering if it is safe to enter my bank account details on the app? There is a limit of 30,000 RMB per transfer with Alipay and two transactions per day (60,000 RMB total). Basically what I am wondering is does Alipay send warnings/triggers to the bank when repeated payments are sent abroad? This includes the currency youre sending and the reason for the transfer. (all funds are legitimate) Sorry for the long question, just kind of lost here and wondering what you might do (looking to send around $4000 USD). However, only Chinese locals will be able to do it for you because it requires a Chinese ID. I am an online teacher based in Panama, where I have a bank account. 12.2 For the avoidance of doubt, (i) all amounts payable by Company to Alipay under your Agreement are exclusive of any Taxes imposed by the relevant taxation authority of applicable jurisdictions to which Company is subject which shall be for the account of Company; and (ii) any Taxes imposed by the relevant taxation authority of applicable jurisdictions to which Company is subject, including without limitation value added tax or other Taxes of similar nature, arising out of or in connection with any Transaction or your Agreement, shall be for the account of Company. Or is there a way to send to my account here just through wechat pay? Or could my friend go to my bank branch in China and do a bank to bank wire transfer without myself actually being there? Providing that your receiver has set up their Alipay account to receive remittances, they should receive your money transfer into their account in a matter of minutes! Alipay is not responsible or liable to the Company, the Companys Affiliate or the Companys Customer for the performance or non-performance by any third party (including but not limited to dealers, payment processing entities or banks) relevant to the execution by Alipay of the Company Instructions. WorldRemit's partnership with Alipay What is Alipay: FAQs Is Alipay the same as PayPal ? Neither Party shall issue any press release or make any public announcement pertaining to your Agreement without the prior written consent of the other Party unless required by Applicable Law binding the Party. Alipay payment system will automatically pickup the correct bank name for your card number (in China the card number is the bank account number). however my friend will not do this again. Prior results do not guarantee a similar outcome. I have some problems with this Alipay. With truly innovative e-Wallet payment solutions, Alipay provides seamless payment collection and a convenient customer experience. Company represents and warrants to Alipay that it has obtained all necessary authorities, permissions, approvals, and licenses to license the Company IP to Alipay and that the Company IP does not infringe the Intellectual Property of any third party. So, you can create Alipay payments in the currency of your country - from AUD to EUR, JPY to USD. Are you a Chinese national living overseas? They can also use Alipay to wire money directly to a bank in Hong Kong, which would probably be easier. Stores, banks, and hotels, particularly in areas popular with Chinese tourists, have terminals and websites that accept Alipay payments. Im not sure what you mean here. Alipay is not responsible or liable to the Company, the Companys Affiliate or the Companys Customer for the performance or non-performance by any third party (including but not limited to dealers, payment processing entities or banks) relevant to the execution by Alipay of the Company Instructions. Then I get the warni I canno use it becau I dont have a Chinese ID card. Send money online to the Alipay mobile wallet1 in China and enjoy the ease and convenience of transferring money with Western Union. Select Alipay as your preferred payment method. The Alipay app allows its users to store money in their account and conduct transfers from their mobile phone. Choose the Alipay International Version. Transfer to China UnionPay cards by the next working day. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. These simple but often overlooked tips could make or break your trip! means the services described in Schedule A of your Agreement. Home Destinations Mobile Payment in China: Step-by-step Guide to using Alipay and WeChat Pay without a Chinese Bank Account By Edelyn Chua - March 11, 2020 In China, cash ain't king. General. Payment is simple, and there are two methods. 7.1. Smart e-commerce, rapid digital transformation, and powerful data-driven marketing capabilities enable you to grow your business like never before. Company shall transfer the Relevant Funds to the nominated bank account of Alipay or any of its Affiliate designated by Alipay under your Agreement; ii. Notwithstanding any other provision of your Agreement, Alipay may terminate or suspend your Agreement, in part or in whole, immediately, if Alipay determines, in its sole discretion, that compliance with your Agreement would cause Alipay or any of its Affiliates to violate or potentially violate any Applicable Law to which Alipay or any of its Affiliates is or becomes subject to. The safest ways to send money to Australia: how to avoid illegal money transfer providers. Name, Phone number, National ID etc) required for the chosen delivery method. iii. The following are some of the most commonly asked questions about using Alipay to make an international transfer. By sending money through Alipay you: Make your first money transfer to Alipay mobile wallet1 on WU.com or send money with a few taps with the Western Union app. Theyll need to activate their account in order for the transfer to be received. I have been using this was to TRANSFER money for a few months now. tRUe, no more international service with alipay. iv. I would suspect that if the quantity of money being sent is larger than his total earnings after tax that this could possibly raise flags. Except as otherwise required by Applicable Law, your Agreement and the resolution of any Disputes shall be governed by and construed in accordance with the laws of the State of California without regard to its conflict of laws principles. You use your credit or debit card to preload funds into your Alipay Account. How do you send money internationally with Alipay? The Party represents and warrants the following: (i) it is an independent corporation duly organized, validly existing and in good standing under the laws of jurisdiction of its incorporation; (ii) it is properly registered to do business in all jurisdictions in which it carries on business; (iii) it has all licenses, regulatory approvals, permits and powers legally required to conduct its business in each jurisdiction in which it carries on business; and. Alipay may terminate or suspend the Alipay Services (in part or in whole) without notice to Company if Alipay reasonably suspects that Company has breached or defaulted under any term of your Agreement. The Company represents that it and/or the Companys Affiliate(s) and/or the Company's Customer, has policies and procedures in place to ensure that none of the transactions involve persons that are: (i) designated by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on the list of Specially Designated Nationals and Blocked Persons ("SDN List) or other OFAC sanctions lists, or are on the lists published by the U.S. Department of Commerce, the U.S. Department of State, the United Nations Security Council, or the Ministry of Public Security of the Peoples Republic of China or the Ministry of Commerce of the Peoples Republic of China; (ii) 50% or more owned by one or more persons identified on the SDN List; or (iii) located in any of the following countries or regions: Cuba, Iran, the Crimea, Donetsk Peoples Republic (DNR) and Luhansk Peoples Republic (LNR) regions of Ukraine, North Korea and Syria. Fill in recipient info Fill in Name, Alipay ID and Purpose of Transfer. Hi. disbursement to an incorrect account of Companys Customer, disbursement of an incorrect amount to the Companys Customer, or a failed disbursement - due to incorrect or incomplete Company Instruction; oriii. I want to send money bacK to the states and i do have a chinese bank account as well as alipay. In this case, I selected travel and it asked me how the sender will be traveling abroad and will the sender be traveling independently or with a group. Each Party represents and warrants that there is no litigation, proceeding or investigation of any nature pending or, to the Partys knowledge, threatened against or affecting the Party or any of its Affiliates, which would reasonably be expected to have a material adverse effect on its ability to perform its obligations under your Agreement. directive, including, without limitation, any global, federal, country, stateor local laws. Alipay may refuse providing the Alipay Service or suspend the Alipay Service (in whole or in part) to Company if Alipay determines, in its sole discretion, that providing such Alipay Service to Company would cause Alipay or any of its Affiliates to violate or potentially violate any Applicable Law or the internal policies of Alipay or any of its Affiliates. You can send money to Alipay online either at WU.com or with easy to use Western Union money transfer app. It's an eWallet mobile app used by Chinese nationals, both inside and outside of China. During the term of your Agreement for the limited purposes of performing the obligations set forth in your Agreement and subject to the terms of your Agreement, Company grants to Alipay a non- exclusive, sub-licensable, non-transferable, royalty-free license to use, reproduce, publish, distribute and transmit any of Companys marketing materials, proprietary indicia or other similar items containing the Intellectual Property of Company ("Company IP") necessary for Alipay to perform its obligations contemplated by your Agreement and to refer to the name of Company in the public announcement as one of the partners using the Alipay Services. g. Limitations. Expert tips and travel advice for China tourists and expats. The Company represents that it and/or the Companys Affiliate(s) and/or the Company's Customer, has policies and procedures in place to ensure that none of the transactions involve persons that are: (i) designated by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on the list of Specially Designated Nationals and Blocked Persons ("SDN List) or other OFAC sanctions lists, or are on the lists published by the U.S. Department of Commerce, the U.S. Department of State, the United Nations Security Council, or the Ministry of Public Security of the Peoples Republic of China or the Ministry of Commerce of the Peoples Republic of China; (ii) 50% or more owned by one or more persons identified on the SDN List; or (iii) located in any of the following countries or regions: Cuba, Iran, the Crimea, Donetsk Peoples Republic (DNR) and Luhansk Peoples Republic (LNR) regions of Ukraine, North Korea and Syria.