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Getting paid by wechat while living in Europe

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  1. #21

    Use a reliable moneychanger in HK.
    Small fee or no fee.
    Process only takes about an hour.
    But the amount each time should not be large.

    Quote Originally Posted by Philips:
    What other way is there to get money from China?

    1) Paypal. But the fees are absolutely horrendous. It would cut my (small) margin of profit.
    2) Bank transfer: cheaper but takes a very long time.

    I just got a new customer this morning. The work isn't much, but the margin of profit is very small, so I can't pay high fees when transferring the money.

  2. #22

    Join Date
    May 2021
    Location
    Beutiful Italy, where people don't know how to drive :)
    Posts
    199

    I am not in HK.
    What about alipay? I forgot about that
    Does it work well and with low fees to get payments from China?


  3. #23

    Join Date
    Dec 2006
    Location
    Tsuen Wan
    Posts
    1,100
    Quote Originally Posted by Philips:
    I am not in HK.
    What about alipay? I forgot about that
    Does it work well and with low fees to get payments from China?
    as I said before Wechat Pay AND ALIPAY in china is Limited in china ONLY, you can't cross border transfer & even local transfers have limitations also. This is how they control funds here in the middle kingdom.

    Wechat pay/ ALIPAY HK does not equate to Wechat/ ALIPAY pay china

    What i do for a friend is transfer to his HK bank via my HK bank while I receive the rmb here in china, charges may apply & exchange rate may vary.

    Last choice would be Western Union BUT the rates are low & the fees are high
    Last edited by mengfei; 10-05-2022 at 03:49 PM.
    shri, emx and Philips like this.

  4. #24

    The 'fee' is hidden in the rate.


  5. #25
    Quote Originally Posted by lighthse003:
    Use a reliable moneychanger in HK.
    Small fee or no fee.
    Process only takes about an hour.
    But the amount each time should not be large.
    All fees form part of the exchange rate.

    Eg. 500 GBP to HKD = $20 exchange rate. (Hypothetical)

    The $20 has the fee for the service built in.

  6. #26

    Join Date
    Jan 2021
    Posts
    492
    Quote Originally Posted by Philips:
    What other way is there to get money from China?
    How about one of those middlemen services like Silkpay? They cater to small businesses and potentially individuals (or at least site faq says that) - no harm emailing them to ask. If eligible, it's free to open account, fee only payable per transfer. Not ideal solution but if their commission isn't too outrageous compared to the cost of your bank transfer or paypal fees, at least this offers your customers the payment method they prefer and they can avoid the forex admin required in order to pay you via bank transfer. Could be helpful in attracting more work from China.

    https://www.silkpay.eu/
    Philips likes this.