Alipay: 10% off payment fees for small and micro merchants, free cash withdrawals with payment codes extended for another year

According to news from this website on August 20, Alipay announced today that it will continue to implement the fee reduction and profit policy: 10% off payment fees for small and micro merchants, and free cash withdrawals with payment codes will be extended for another year. The specific rules attached to this site are as follows: 1. Measures and time for a 90% off fee reduction for online payment service fees for small and micro merchants that meet the standards: For small and micro merchants that meet the standards, Alipay will " The 10% discount on online payment service fees for small and micro merchants will be extended for one year and will be valid until September 30, 2025. Target subjects for fee reduction: According to the "Notice of the People's Bank of China, Banking and Insurance Regulatory Commission, Development and Reform Commission, State Administration for Market Regulation on Reducing Payment Handling Fees for Small and Micro Enterprises and Individual Business Owners" and "China Payment and Clearing Association, China Banking Association's Notice on Reducing Payment Service Fees for Small and Micro Enterprises and Individual Business Owners" "Proposal for Household Payment Handling Fees", the fee reduction targets include small and micro enterprises, individual industrial and commercial households, and individuals with business activities. How to participate: Log in to the homepage of the "Alipay Merchant Center" website, submit according to the guidelines, and confirm the relevant information. 2. Fee reduction measures and time for cash withdrawals using Alipay’s collection code to continue to be free: Cash withdrawals using the payment code have been free of charge since its launch in 2017, and will be free for another year after the expiration of the previous offer until September 30, 2025. In order to better meet the business needs of merchants, small and micro merchants can obtain merchant points when collecting payments, and use the points to redeem free withdrawal limits and business-related rights and interests. Fee reduction targets: all Alipay payment code merchants. How to participate: No additional operations are required from the merchant. Merchants who make effective offline collections through the collection code can obtain a free withdrawal limit. In order to protect the rights and interests of the wider merchants, Alipay can adjust the limit accordingly based on the actual transaction situation. The details are subject to the page display.

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