Epay.com-Make online payment, deposit withdrawal send and receive money online

Jan 12, 2017 at 10:12 o\clock

2016 Top 7 Annual Event in the Third Party Payment Industry in China


The third-party payment industry led by internet payment, mobile payment, prepaid card, POS (Point of Sale), etc. has continued to flourish since 2014 in China. In that way, what happened in 2016 in the third-party payment system and what happens next in 2017?

1. Apple Pay to be available in China

With the help of UnionPay, Apple Pay officiall landed into China and launched mobile payments services on 18th, Feb. 2016.
Apple Pay
Apple launched Apple Pay in the U.S. in 2014 and has expanded the service to the U.K., Australia and Canada. UnionPay's alliance with Apple is an extension of its plans to make the most of that growing market. However, it's not going to be an easy ride for Apple, since Chinese consumers are already used to online payments and in-store cashless transactions on their phones through WeChat and Alipay. WeChat, the popular messaging app that has a baked-in mobile wallet, and Alipay, the payments and local shopping app made by the Alibaba subsidiary, and both services are now accepted at a huge number of stores across China.

Analyst Bryan Ma of research firm IDC told that Apple was likely to garner a smaller user base in China compared to competitors like AliPay and Tencent's WeChat Payment.

2. Wechat to charge withdrawal fee

WeChat announced that it will begin charging a fee when users make a money transfer from their WeChat Wallet to a bank account starting March 1st.
withdrawal fee
Each user will have an exemption of RMB 1,000 (USD 144) in total, but once this amount is surpassed, users will be charged 0.1% of each transaction with a minimum fee of RMB 0.1. Other forms of payment and money transfers will remain free. An official statement of Wechat says the move is not aimed at making a profit, but paying due fees to the banks. Every time a transfer involves a bank account, the transaction on WeChat Payment is charged a certain fee by banks. Meanwhile, the statement by Wechat was doubted that WeChat is trying to induce users to spend more via WeChat Payment.

3. China Opens up Bank Card Clearing Services Market

The People's Bank of China (PBOC) and the China Banking Regulatory Commission have jointly issued the Measures for the Administration of Bank Card Clearing Institutions, effective 8 June 2016.

PBOC said that under the Measures domestic and foreign investors applying for the bank card payment clearing business licence will be subject to the same market access requirements in terms of licence conditions, application procedures and supervisory measures. From then on, except for UnionPay, there might be a coexistence of many clearing institutions in China. The senior management of Visa, MasterCard have claimed that they will actively apply for a liquidation license.

4. China carries out Administrative Measures for Online Payment Businesses

On December 28, 2015, the People's Bank of China published Administrative Measures for Online Payment Business of Non-bank Payment Institutions(the "Meatures"). The Meatures will be carried out on July 1st 2016. The Meatures state that there are three types of payment accounts, and the limit is a maximum of 200,000 balances. Really, the balance of 100,000 per year is sufficient to pay for an ordinary person. But for a financier, even 200,000, it still can not meet the needs of their financial management.

5. The first batch of 27 non-bank payment licenses renewal

August 12, the People's Bank announced on the official website confirmed on 27 non-bank payment institutions (including AliPay, UnionPay, TenPay, etc.) "payment business license" application for renewal decision. This "payment business license" is valid for five-year renewal deadline is May 2, 2021.

6. Alipay, WeChat will limit the number of transfers

Earlier, The central bank issued the most stringent new regulations: Alipay, WeChat will limit the number of transfers. The notice issued that since December 1st, the same person in the same bank can only open a class I, and peer within three months of remote access and transfer free of charge. Except that, the new regulations also require that banks and Payment institutions shall strengthen the monitoring of account transactions, which accounts without transaction records within 6 months of the opening day, the bank shall suspend its non counter business.

7. UnionPay

China UnionPay officially published the "Standards on UnionPay QR Code Payment" which mainly include two specifications - Security Specifications of CUP QR code Payment and Application Specifications of CUP QR Code Payment on December 12 (also known as the Double 12). 

JD Finance, Banks, UnionPay have launched the payment products or services, the market competition based on the consumption scenes will be more intense.

Faced with such stringent policy restrictions, How to deal with this situation for the Third Party Payment Institutions led by AliPay and WeChat? Let's wait to see what wil happen in this 2017.

Join Us, enjoy free online payment from now on!

Jan 12, 2017 at 10:11 o\clock

2016 Top 7 Annual Event in the Third Party Payment Industry in China


The third-party payment industry led by internet payment, mobile payment, prepaid card, POS (Point of Sale), etc. has continued to flourish since 2014 in China. In that way, what happened in 2016 in the third-party payment system and what happens next in 2017?

1. Apple Pay to be available in China

With the help of UnionPay, Apple Pay officiall landed into China and launched mobile payments services on 18th, Feb. 2016.
Apple Pay
Apple launched Apple Pay in the U.S. in 2014 and has expanded the service to the U.K., Australia and Canada. UnionPay's alliance with Apple is an extension of its plans to make the most of that growing market. However, it's not going to be an easy ride for Apple, since Chinese consumers are already used to online payments and in-store cashless transactions on their phones through WeChat and Alipay. WeChat, the popular messaging app that has a baked-in mobile wallet, and Alipay, the payments and local shopping app made by the Alibaba subsidiary, and both services are now accepted at a huge number of stores across China.

Analyst Bryan Ma of research firm IDC told that Apple was likely to garner a smaller user base in China compared to competitors like AliPay and Tencent's WeChat Payment.

2. Wechat to charge withdrawal fee

WeChat announced that it will begin charging a fee when users make a money transfer from their WeChat Wallet to a bank account starting March 1st.
withdrawal fee
Each user will have an exemption of RMB 1,000 (USD 144) in total, but once this amount is surpassed, users will be charged 0.1% of each transaction with a minimum fee of RMB 0.1. Other forms of payment and money transfers will remain free. An official statement of Wechat says the move is not aimed at making a profit, but paying due fees to the banks. Every time a transfer involves a bank account, the transaction on WeChat Payment is charged a certain fee by banks. Meanwhile, the statement by Wechat was doubted that WeChat is trying to induce users to spend more via WeChat Payment.

3. China Opens up Bank Card Clearing Services Market

The People's Bank of China (PBOC) and the China Banking Regulatory Commission have jointly issued the Measures for the Administration of Bank Card Clearing Institutions, effective 8 June 2016.

PBOC said that under the Measures domestic and foreign investors applying for the bank card payment clearing business licence will be subject to the same market access requirements in terms of licence conditions, application procedures and supervisory measures. From then on, except for UnionPay, there might be a coexistence of many clearing institutions in China. The senior management of Visa, MasterCard have claimed that they will actively apply for a liquidation license.

4. China carries out Administrative Measures for Online Payment Businesses

On December 28, 2015, the People's Bank of China published Administrative Measures for Online Payment Business of Non-bank Payment Institutions(the "Meatures"). The Meatures will be carried out on July 1st 2016. The Meatures state that there are three types of payment accounts, and the limit is a maximum of 200,000 balances. Really, the balance of 100,000 per year is sufficient to pay for an ordinary person. But for a financier, even 200,000, it still can not meet the needs of their financial management.

5. The first batch of 27 non-bank payment licenses renewal

August 12, the People's Bank announced on the official website confirmed on 27 non-bank payment institutions (including AliPay, UnionPay, TenPay, etc.) "payment business license" application for renewal decision. This "payment business license" is valid for five-year renewal deadline is May 2, 2021.

6. Alipay, WeChat will limit the number of transfers

Earlier, The central bank issued the most stringent new regulations: Alipay, WeChat will limit the number of transfers. The notice issued that since December 1st, the same person in the same bank can only open a class I, and peer within three months of remote access and transfer free of charge. Except that, the new regulations also require that banks and Payment institutions shall strengthen the monitoring of account transactions, which accounts without transaction records within 6 months of the opening day, the bank shall suspend its non counter business.

7. UnionPay

China UnionPay officially published the "Standards on UnionPay QR Code Payment" which mainly include two specifications - Security Specifications of CUP QR code Payment and Application Specifications of CUP QR Code Payment on December 12 (also known as the Double 12). 

JD Finance, Banks, UnionPay have launched the payment products or services, the market competition based on the consumption scenes will be more intense.

Faced with such stringent policy restrictions, How to deal with this situation for the Third Party Payment Institutions led by AliPay and WeChat? Let's wait to see what wil happen in this 2017.

Join Us, enjoy free online payment from now on!

Dez 1, 2016 at 09:26 o\clock

Free, Safe, and Fast way to pay or get paid online, Epay.com


Hi, I'm Ella, I'm coming back for a new blogger here.
 
All you know, I am not new here, but I got a very long vocation from last year. And the most fantastic thing is, I'm a young mother now. I had a cute baby and very nice family.
So, I feel happy for my new life, and I want to share happiness with you as before.

Today, I will make a induction to you a safe, fast way to pay or get paid online. 
Currently, no matter you are a currency exchange invests the amateur, a hyip lover or a loyal ptc website user, you must be surrounded with a word "Epay".

Epay, a legal online payment processor which got Payment card industry (PCI) certificate in 2015. It has announced it is now offering customers in almost all the countries the ability to pay and get paid with 0% fee.

As we know, paypal, payza, perfect money, webmoney, okpay, skrill are popular and widely used by millions of people in the world currently. Naturally, along the way some of them will disappear(for example, the Liberty Reserve,  which has shut down and its founder has been arrested in connection with a money laundering investigation.

As a new payment processor competes with large payment company like payza, skrill, payoneer, perfect money, paypal ect, how epay hold their own place and win market share in the payment market?

Compared with all aboved processors, Epay is legal, easy to use and won't freeze your account at any time for almost any reason. The most common complaint for this new payment processor maybe its lack of some features, such as customers can't add fund via ecurrencies, the bank account deposit is not available this time etc.

Above all, Epay it is giving out bonus as below now:
1.Accept Epay payment option to get $10
2.Recommend another to accept Epay to get $5
3.Refer Other for Unlimited commission 
4.Open an Epay account to get rewarded $0.1, refer other to open an Epay account to get $0.1

Related: https://www.epay.com/en/activities.html

Follow this, and you will know why I start to be in favor of this new online payment processor.