The story of WeChat
WeChat is a text and voice messenger developed by the Chinese company Tencent. The app is available for iPhone, Android, BlackBerry, and Windows Phone. Over 500 million people around the globe use WeChat. The app allows users to send messages, share videos and pictures, carry out messaging campaigns, process photos using filters, and attach captions. The service is well integrated with popular social networks. It also includes a payment tool called WeChat Pay.
WeChat – operations and functionality
There are two modes of payment in the system:
- Via the WeChat wallet
- With a card linked to WeChat Pay.
In order to carry out a transaction, a user must use his or her personal QR code provided at registration. The seller or buyer need only to scan the code and enter the password, after which the payment is processed instantly. The wallet can also be used to pay for goods in various apps and online stores.
It’s also possible make money transfers using the service, since it charges a low fee of just 0.1%. The time needed for a transfer depends on the bank and ranges between 10 minutes and 24 hours. As the popularity of WeChat keeps growing, users in many Asian countries gradually reduce their use of cash money.
WeChat payment system allows you to:
- Send money and “gift envelopes”;
- Link a Chinese bank card to the wallet;
- Pay for tickets, events, services, and bills;
- Use the QR code for a variety of transactions.
With WeChat pay, you can forget about counterfeit money, annoying coins in your pockets, high fees, and unexpected difficulties that often accompany money transfers.
Special features of WeChat
One feature that distinguishes WeChat from other payment systems is the fact that it cannot be used in Russia. It was blocked in 2006, but in 2017 the functioning of WeChat was partly resumed, since the company agreed to collaborate with the Russian authorities.
Another feature – positive this time – is that WeChat offers zero-fee money transfers regardless of who or where the receiver is. The system only charges a 0.1% fee for withdrawing money to Chinese-issued cards.
WeChat Pay is recommended as one of the most convenient, user-friendly, and widely accepted payment systems. We should also note its very low fees. The app is improving and updating, new features and tools are added. In fact, you can already top up your account in the online casino Win Rate using WeChat Pay. Try it right now and start winning!