![]() Keep in mind that WeChat Pay does not have its own currency exchange rates, so the exchange rate you get will depend on the credit cards you use. It is based on the spot exchange rate provided by partner settlement banks through the WeChat Pay Cross-Border Service. The exchange rate used in WeChat Pay is determined by the card organization and the issuing bank of your international card. It’s important to note that the specific transaction fees may vary depending on different factors and transaction types within WeChat Pay. WeChat is a social media giant in China with more than a billion users and counting, the next logical step for this mega platform was the introduction of cashless payments via WeChat Pay (Weixin Pay in China).Īdditionally, if you’re conducting business through WeChat Pay, there is a merchant fee of 0.6%, slightly higher than Alipay’s charges. How to Set Up WeChat Pay with International Bank Cards There are limitations when using foreign cards on WeChat Pay, such as being unable to withdraw money from ATMs and only being able to make purchases within mainland China.Transaction fees apply when using WeChat Pay, including a 3% fee on payments over RMB 200 and a merchant fee of 0.6% for business transactions.To set up WeChat Pay with international bank cards, you will need a valid passport or foreign permanent resident ID card, an overseas credit card, and complete real-name registration.International bank cards can now be linked to WeChat Pay, allowing foreigners to enjoy the convenience of mobile payments in China. ![]() Stick around there’s more good stuff ahead! Key Takeaways This post is your guide on how to set up WeChat Pay hassle-free using those very cards. WeChat is a combination of a messaging app, social media platform, web browser, and mobile payment system. WeChat and WeChat Pay are part of everyday life in China. This feature has greatly facilitated the lives of international travelers and expatriates in China, as it eliminates the need to carry cash or rely solely on local bank accounts. WeChat Pay, a popular mobile payment platform, allows users to link their international bank cards to their WeChat accounts, enabling them to shop, dine, and make various transactions effortlessly. Using WeChat Pay with international bank cards provides a convenient and seamless way to make payments in China. Ever tried using WeChat Pay with your international bank card and hit a snag?
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