What does Douyin monthly payment mean and how to repay it?

Douyin Monthly Payment is a convenient payment service that allows users to consume first and pay later. The consumption amount will be automatically deducted from the bound bank card at the beginning of the next month. This service can be repaid through automatic deduction or manual repayment, but it cannot be used across platforms with other payment platforms (such as Huabei). Late repayment will incur fees and affect your credit score.

Douyin Monthly Payment Introduction

Douyin Monthly Payment is a convenient payment provided by the Douyin platform The service allows users to consume first and pay later, and repay at the beginning of the next month. It is similar to a credit card, but does not require a physical card, making it more convenient and flexible.

How to use

1. Bind bank card: After activating Douyin monthly payment, you need to bind a bank card as a repayment account.
2. Consumption payment: When making purchases at merchants that support Douyin monthly payment, choose Douyin monthly payment as the payment method, that is, there is no need to pay the price immediately.
3. Repayment at the beginning of the month: At the beginning of the next month, the system will automatically deduct the amount of all monthly payments for that month from the bound bank card.

Repayment method

Douyin monthly payment can only be repaid through the following methods:

• Automatic deduction: system The monthly payment arrears are automatically deducted from the bound bank card at the beginning of each month.
• Manual repayment: Users can also manually repay in the Douyin APP, but it needs to be completed before the repayment deadline.

Notes

• You need to meet certain conditions to activate Douyin monthly payment, such as real-name authentication, good credit, etc.
• For overdue repayments, Douyin Monthly Payment will charge overdue fees, which will affect the user's credit score.
• Douyin Monthly Payment is not compatible with other third-party payment platforms such as Huabei and cannot repay each other.
• The specific amount and repayment period of Douyin’s monthly payment vary from person to person.

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