WeChat to Begin Charging for Withdrawals
Cash or WeChat Wallet? Until now they were almost interchangeable, but pretty soon, WeChat Wallet will start charging nominal fees for some cash transactions.
The fees will be implemented for cash withdrawals once each user exceeds total withdrawals of RMB 1,000 in their account's lifetime. Fees have not yet been set for the reincarnated.
The charge isn't huge: a minimum of RMB 0.1 per transaction, and a total of 0.1 percent of the amount withdrawn. So if you're taking out RMB 100, you're charged only RMB 0.1, or RMB 1 on a withdrawal of RMB 1,000.
WeChat parent company Tencent said it is making the move to cover bank and other processing fees, not to generate revenue. Fees will not apply to cash-like functions, such as the popular hongbao function WeChat offers during Spring Festival.
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Email: stevenschwankert@thebeijinger.com
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Photo: WeChat/Indian Express
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Sikaote
Submitted by Guest on Sat, 07/11/2020 - 15:43 Permalink
Re: WeChat to Begin Charging for Withdrawals
WeChat to Begin Charging for Withdrawals
After being on oxycodone for a month (after being hit by a no-pay-attention-car-driver) and now stopping, I would gladly pay to not be having withdrawls. How much and which wechat account do I pay?
Steven Schwankert
Submitted by Guest on Thu, 02/18/2016 - 09:13 Permalink
Re: WeChat to Begin Charging for Withdrawals
Hub,
That's correct. In other words, if you only ever make small withdrawals, as long as they never total RMB 1,000, there's no fee. Once it crosses the RMB 1,000 lifetime threshhold, the fees begin to apply.
I am here
Submitted by Guest on Wed, 02/17/2016 - 10:37 Permalink
Re: WeChat to Begin Charging for Withdrawals
There's apparently some way to do it through the Wealth function within WeChat for no charge. Does anyone know the details of how to do it?
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