Earlier quoted context omitted.
Any chance you be rolling out support for New Zealand... we sell heaps to China!
+1 NZ curiosity.
I would also love to use Stripe in NZ. The NZ market really doesn't have any good alternatives.
Stripe: Alipay support
71–77 of 77 posts
Re: Stripe: Alipay support
#72Are there any companies that support sending money to other countries? Not just receiving it?
Re: Stripe: Alipay support
#73Will you be allowing marketplaces to transfer money to sellers' Alipay accounts?
Re: Stripe: Alipay support
#74Earlier quoted context omitted.
How is that annual 50k USD monitored/enforced now? If I have multiple bank accounts, will I be prevented from withdrawing a combined 50k from overseas ATMs?
It's connected with the citizen number and it's applied to personal currency exchange only. I think you may ask for a higher limit but usually you just use family accounts. Paying with a multi-currency credit card has nothing to do with this limit.
So, the bank will report these currency exchanges (including overseas ATM withdrawals from an RMB account) to some central authority like PBOC, who will then combine it with info from other banks, and thereby know if I've breached the annual limit?
Re: Stripe: Alipay support
#75Earlier quoted context omitted.
It's connected with the citizen number and it's applied to personal currency exchange only. I think you may ask for a higher limit but usually you just use family accounts. Paying with a multi-currency credit card has nothing to do with this limit.
So, the bank will report these currency exchanges (including overseas ATM withdrawals from an RMB account) to some central authority like PBOC, who will then combine it with info from other banks, and thereby know if I've breached the annual limit?
[deleted]
Re: Stripe: Alipay support
#76Earlier quoted context omitted.
It's connected with the citizen number and it's applied to personal currency exchange only. I think you may ask for a higher limit but usually you just use family accounts. Paying with a multi-currency credit card has nothing to do with this limit.
So, the bank will report these currency exchanges (including overseas ATM withdrawals from an RMB account) to some central authority like PBOC, who will then combine it with info from other banks, and thereby know if I've breached the annual limit?
There is an real-time system shared by all banks. I can see my remaining quota immediately updated whenever I made an exchange.
In your example, if you have RMB in your China bank account and withdraw RMB overseas, these are no currency exchanges at all. It's not relevant to the $50k exchange cap.
Re: Stripe: Alipay support
#77This is a huge deal. I'm currently in Shenzhen and Alipay (支付宝) is a common and convenient way to make payments, on Taobao, in person, or otherwise. Alipay is an interesting product in its own right, even if examined independently of the Alibaba Group. It has a money market service, Yu'E Bao (余额宝) that is currently a top 3 global money market fund with $89B AUM. That's a taste of the scale of the market in China. htt…
Same here, working in Shanghai, building a few products and we could not really find an elegant way to integrate payment in those targeted to the Chinese audience. Using Stripe for all of the payments is an awesome news!