What is WeChat Pay?
WeChat Pay is a mobile phone based payment method, incorporated into the WeChat app (originally started like WhatsApp). It is one of the most popular payment methods in China, with over 1 billion users that have Wechat and 600 million active users have WeChat Pay for payments. It is expanding rapidly also outside of China in many countries in Asia and is used both home and abroad.
WeChat is a Chinese social media mobile application software (instant messaging, commerce and payment services) developed by Tencent.
The advantages of offering WeChat Pay via Smart2Pay is to cover a large part of the Chinese market with a very high conversion in a frictionless (including in app) payment flow with minimal steps, all without needing a local entity. As always Smart2Pay supports refunds on the payment methods like WeChatPay.
How does WeChat Pay work?
WeChat Pay is offered by Smart2Pay on desktops and on mobile phones.
For desktop and H5 (mobile website) the customer selects WeChat Pay as payment method on the merchant check out page. A QR code is automatically generated and displayed. The customer opens the WeChat app and scans the QR code. The payment is then confirmed by the customer and completed.
For in-app payments Smart2Pay offers a mobile SDK. The customer confirms the payment via Wechat Pay in the merchant’s app (or website). The WeChat app automatically opens after this and displays the transaction details. The customer then approves the payment via PIN or touch ID and continues in the merchant’s app like playing a game depending on the merchant type.