Suspend AliPay cash withdrawal？ The online merchant bank responded! Individual users and this channel.
On April 19th, the "Announcement on the Adjustment of Class II Account-related Business and the Upgrade of Welfare Funds of Online Merchant Bank" recently released by the online merchant bank attracted the attention of the industry.
Previously, users could transfer Alipay’s money to the online merchant bank through the bank card bound by the online merchant bank, and then withdraw it for free through the bank card bound by the online merchant bank. After adjusting this business rule, it meansNewly registered online merchant bank users will no longer support the free cash withdrawal function.
When the news came out, it quickly attracted the attention of netizens. Many netizens believe that this is the separation of Alipay and online merchant banks. Others said that,This is an ant’s. It doesn’t support ants …
Online merchant banks gradually suspended Alipay cash withdrawal.
According to the announcement of online merchant bank, from April 21st, 2022, online merchant bank will gradually suspend Alipay’s cash withdrawal or transfer to the related business of online merchant bank’s Class II account, and at the same time, online merchant bank’s Class II account will only support my own binding bank account transfer.
In this regard, the online merchant bank responded to the beijing business today reporter on April 19th.Alipay did not close the free cash withdrawal channel, and the online merchant bank gradually stopped the function of transferring the balance of Alipay, but still supported the transfer of my bound bank account.
For business adjustment, the online merchant bank added that ifbusiness operatorYou need to withdraw the balance of Alipay and transfer it to the online merchant bank. You can withdraw it to my other bank card first, and then transfer it from this bank card to the online merchant bank. At present,The merchant who collects the money code will withdraw the balance of Alipay to the bank card without paying the handling fee.
It is understood that the money that individual users originally transferred to Alipay balance in the online merchant bank App is free, and this part of the handling fee is mainly "paid" by the online merchant bank. After the money is transferred to the online merchant bank, it is withdrawn to the bank card under its own name through the online merchant bank, which can basically realize free withdrawal. Regarding the adjustment action of the online merchant bank, a senior industry insider commented, "This wave of adjustment operation may also be because it can’t hold back the bank’s channel fees. Overall,It has little impact on Alipay small and micro merchants. "
Wang Pengbo, a senior analyst of Broadcom Consulting’s financial industry, told beijing business today that in 2016, the bank accounts were divided into three categories in Document No.302 "Notice of the People’s Bank of China on Implementing the Classified Management System of Personal Bank Accounts" issued by the central bank, and the account opening methods and functions of each category and the transfer amount were displayed accordingly.As an internet bank, the channel closure of online merchant bank may be related to the stricter implementation of corresponding policies, and may also indirectly lead to the closure of a large free cash withdrawal channel for ordinary C-end users.However, after all, Alipay did not stop the previous free policy of withdrawing merchant codes, so on the whole, there is no necessary cause and effect between the incident and the withdrawal.
Su Xiaorui, a senior analyst in the financial industry of Analysys, said that there are two considerations for speculative institutions. One isIn order to improve the user experience, the operation of directly withdrawing cash from Alipay balance to bank card is more concise.Second, in order to straighten out its business, Alipay focuses on payment business, and online merchant bank is a bank mainly for small and micro businesses at B-end, which can make the business of all parties more clear afterwards.
Cash withdrawal fee is free for merchants with money collection code.
It is worth noting that the online merchant bank stressed that at present, the merchants who receive the money code withdraw the Alipay balance to the bank card without paying the handling fee.
Beijing business today reporter learned that the free cash withdrawal measures for merchants with money collection codes mainly originated from the small and micro fee reduction policy previously introduced by Alipay. Since August 1, 2021,Alipay has implemented a 10% discount on online payment service fees for qualified small and micro enterprises and individual industrial and commercial households, and continues to reduce fees and make profits such as free cash withdrawal of payment codes.. It is understood that online payment service fee discounts and other measures have covered tens of millions of small and micro businesses, and have reduced operating costs for small and micro businesses by nearly 5 billion yuan over the past six months.
For all users of Alipay payment code (including those who operate the payment code personally), the withdrawal of Alipay payment code will continue to be free until September 30, 2024. There is no single limit and single-day limit for the withdrawal of money, and there is no need for additional application from users, which can be directly reduced or exempted. In addition, for small and micro enterprises, individual industrial and commercial households registered in the market supervision department and individuals with business practices that meet the requirements of the Ministry of Industry and Information Technology, the fee reduction work will continue to be implemented in accordance with the current policy, and the online payment service fee on Alipay platform will be 10% off the current standard.
Actually,Since 2021, when the policy of reducing fees and making profits for micro-payment was promoted, all payment institutions have corresponding preferential policies at present.. In addition to Alipay, Tenpay also implements the policy requirements of reducing fees and making profits for small and micro enterprises, individual industrial and commercial households and individuals with business practices, and implements preferential payment fees for small and micro businesses that meet the standards. These include small and micro enterprises, individual industrial and commercial households, 10% discount on service fees paid by individuals with business practices, and fee reduction and exemption activities for small change withdrawal from personal payment accounts with business practices.
Su Xiaorui pointed out that at present, the head office has set a good example in fee reduction. Although fee reduction will have a certain impact on the agency’s fee income, the agency can take this as an opportunity to gain customers and stick to customers, and expand the income beyond the fee payment through the creation of diversified businesses and even the construction of the ecological circle, so as to enhance its own market competitiveness.
Wang Pengbo also believes that from the latest situation of fee reduction, the two major payment giants have the largest transaction scale and the highest degree of profit-making. However, it must be said that the payment institution is the most fully marketized part of the entire industrial chain with a relatively low profit. In the case of constant cost, the corresponding profits will be affected to some extent. Therefore,Behind some small and medium-sized payment institutions’ measures to reduce fees, banks may also appropriately reduce fees and burdens for payment institutions.
Is there another way to withdraw cash for free?
The business adjustment of online merchant banks has also attracted the attention of netizens. In addition to the payment code merchant,What is the situation of individual users’ withdrawal fees?For users who have not registered with the online merchant bank before, what other way can they withdraw cash for free? Is the existing interest-free quota affected?
According to the announcement of the online merchant bank, for business card customers and non-business card customers, at present, the corresponding new funds, Yu Libao’s rich rewards and the payment of interest-free quotas by the online merchant bank are expected to go offline on April 27, 2022, and the activities of receiving purchase coupons based on interest-free quotas will also go offline simultaneously. However, the interest-free quota obtained can be used normally.
Subsequent users of this type can useLoans, deposits, payments and other services to obtain welfare payments.. The welfare fund can be used to repay the online business loan deduction, exchange the payment red envelope, the interest-free amount of online business loan, and the online business bank to repay the credit card red envelope.
In addition, on April 19th, a reporter from beijing business today found that,After logging in to Alipay and opening Yu Libao on the online merchant bank page, you can transfer the balance of Alipay to Yu Libao or withdraw it to the card for free., the basic quota is 100,000 yuan, and at the same time, the 1000 yuan quota can be increased for each gain from 1 yuan Yulibao.
According to Alipay, Alipay will charge 0.1% service fee for individual users to withdraw more than the free amount, and each individual user can enjoy a basic free withdrawal amount of 20,000 yuan. After the basic free amount is used up, users can exchange ant points for more free withdrawals.
In addition to Alipay, beijing business today reporter learned that every WeChat user also enjoys a free cash withdrawal quota from 1000 yuan for life, and the excess is charged at the bank interest rate. At present, the rate is 0.1%, and the minimum charge is per 0.1 yuan. Functions such as WeChat red envelope, face-to-face payment and AA collection are not affected, and no handling fee is charged.
In Wang Pengbo’s view, payment institutions should make great progress and construction in basic technology and scientific and technological innovation. On the one hand, it is still necessary to implement regulatory policies based on compliance, and in addition, it can expand various services with payment as the main body and expand new value-added services in combination with merchants to enhance its own industry competitiveness.
Reporter Liu Sihong
Image source: screenshot of online merchant bank, vision china, Yitu. com and Weibo.
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