China News Finance, January 6th (Reporter Wu Tao) Recently, "WeChat and Alipay payment codes cannot be used for business collection" have caused heated discussions.

Recently, WeChat Pay and Alipay have explained this.

Description of WeChat Pay merchant's collection code.

Image source: Screenshot of WeChat Pay Smart Life Public Account

  On January 5, WeChat Pay stated that at present, WeChat Pay’s personal collection code and merchant collection code can be used normally, and if relevant adjustments are involved in the future, further notice will be given.

  On January 6, Alipay related staff told Zhongxin Finance, “At present, users can use the payment code normally, and there is no change compared with the original.”

  On October 13, 2021, the "Notice of the People's Bank of China on Strengthening the Management of Payment Acceptance Terminals and Related Businesses (Yinfa [2021] No. 259)" was released.

The notice pointed out that “for individuals with obvious characteristics of business activities, the barcode payment collection service agency shall provide them with barcodes for the collection of special merchants, and refer to the relevant management regulations of the special merchants."

  On November 27, 2021, Xinhua News Agency and other media learned from the relevant departments of the People's Bank of China that the statement that "WeChat and Alipay payment codes cannot be used for business collection" was misunderstood.

  Dong Ximiao, the chief researcher of China Merchants Finance, previously told a reporter from Zhongxin Finance that there is a general misunderstanding on the Internet that it is not that WeChat and Alipay’s collection codes cannot be used, but that personal collection codes cannot be used for collection behaviors that have obvious characteristics of business activities. .

It is not that the personal static collection code cannot be used, but the personal static collection code cannot be used for online remote collection. The offline personal static collection code can still be used.

  A person from the People’s Bank of China also made an analogy: If consumers buy pancakes and fruits at the early stalls and are used to paying with their mobile phones, they can still pay by scanning codes, etc., without any change.

If the vendor who sells vegetables has already used the business collection code to collect money, it will not be affected in any way.

  WeChat Pay also stated this time that the personal collection code is a collection product provided by WeChat Pay for individual users, and the merchant collection code is a collection tool provided by WeChat Pay for merchants who have signed contracts with Tenpay. You can follow your own needs. Apply for a different collection code.

  As for the merchant's collection code, WeChat Pay stated that it supports the payment party to use WeChat card to pay, has more functions to assist merchants, and has a higher collection limit.