I manage an online business with many Chinese customers and use Wise to receive payments in CNY. When transferring these funds to my Alipay account, I’m worried about the additional fees. How much will Alipay charge?
Answer by: abdullah-al-naim
3 months ago
Alipay typically charges a small fee for receiving payments in CNY, but the exact fee can vary based on the type of transaction and the region. When transferring CNY from Wise (formerly TransferWise) to Alipay, Wise itself does not charge a fee for sending the funds. However, Alipay may apply a fee for receiving the transfer, which could be around 0.5% to 2% of the transaction amount, depending on your account type and the transaction details. It’s best to check with both Wise and Alipay for the most current fee structure. For expert guidance on managing your international payments and account setup, Business Globalizer’s Business Consulting can assist you with personalized solutions. Get in touch with us today
https://businessglobalizer.com/services/business-consulting/
