China Alipay

China Alipay
M1

TOTAL:
$149.00
Compatible With: Community 1.5, 1.6, 1.6.1, 1.6.2.0, 1.7, 1.8, 1.8.1, 1.9, 1.9.1, 1.9.2, 1.9.3

Tech Specifications

Seller:
Integrator:
Current Version:
1.0.1
Type:
Stable Build
Updated:
30 November, 2017
Categories:
Extensions, Payments & Security
License Type:
Open Software License 3.0 (OSL-3.0)

Overview

This module is a payment gateway which allows your site to process payment through China Alipay payment gateway API.

Overview

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Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. Alipay overtook PayPal as the world's largest mobile payment platform in 2013. In the fourth quarter of 2016, Alipay had a 54% share of China's US$5.5 trillion mobile payment market, by far the largest in the world.

Alipay supports cross-border online payments. This function enables Alipay users to make purchases on international merchants’ websites and in merchants’ apps with Alipay. During the purchases, Alipay is able to deduct the amount of payment from the users’ Alipay account in Chinese yuan and send the payment to the merchants in different foreign currencies.This function is beneficial for foreign merchants who can attract Alipay users and more specifically, customers in China. It enables Chinese customers to use Alipay in other countries. 

The SunflowerBiz China Alipay Module a payment gateway which allows your site to process payment through China Alipay payment gateway API which is PCI Compliant. Customers’ Alipay account and password will not be stored in your site. Through this API, customers are able to make payment via Alipay on your site. After customers choose “Alipay” payment method during checkout in front, it will jump to Alipay official site to process the payment. Customers will be asked to enter their Alipay account and password to make payment on Alipay official site. The whole payment process is finished on Alipay official site, which means customers’ Alipay account and password will not be stored in your site. After finish payment, there is a “return” button on payment success page. After click the “return” button, customers will come back to your site and the order status will auto change to “processing” in site backend. 

Before using this payment module, you have to register Alipay Merchant Account on Alipay official site to get all necessary info after submit application documents and get approved by Alipay (Extra fee may be charged by China Alipay)

Alipay for foreigners

Alipay require Chinese business license when applying for Alipay for business, therefore foreign companies without established legal entity in China cannot use Alipay business account. However third party payment solution providers can provide such services.

Foreign passport holders need to fill out the form for foreign user verification and provide following documents:

  • A copy of the Passport
  • A Chinese guarantor’s identity card
  • A Letter of undertaking signed by Chinese guarantor;
  • Chinese bank account

Transaction currency

Alipay only supports CNY, thus all transactions are converted when in-and-out China.

Transaction Limit

Alipay has no daily transaction limit per se. However depends on the bank that connect to Alipay, the daily limit can be from 3 000 RMB to 20 000 RMB.

Security

Alipay provides multiple security mechanisms to make sure that user accounts are safe. An Alipay account requires the user to set up their own login password and separate payment password, which need to be different, and the user has 5 times to enter the login password and 3 times for the payment password. Once the number of incorrect entries exceeds the limit, the account will be locked and it needs Alipay’s staff to unlock it.

At the same time, Alipay also has a binding mobile phone security measure. When the customer is using Alipay to make a transaction, they will receive a notification that their Alipay account is being used, so the user can know whether it is their own operation.

 “Alipay real name certification” is a kind of identification service, which can help check the identity of the buyer and seller, and their bank account information.

Alipay also installs a digital certificate, which can encrypt information sent over a network, preventing hackers from stealing passwords, thereby enhancing the security of online transactions.

Feature:

  • Use Alipay Payment Gateway API
  • Payment will be processed on Alipay official site.
  • Customers’ Alipay account and password will not be stored on your site.
  • Integrate “H5 pay” API to call Alipay APP on smart phone
  • Need to register Alipay Merchant Account by submitting application form on Alipay official site (Extra fee may be charged by Alipay) 
  • PCI Compliant

 

Additional Information:

Questions/support: yolanda_txw@hotmail.com

 

Release Notes

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1.0.1:

  • Compatible with CE: 1.5 1.6 1.6.1 1.6.2.0 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
  • Stability: Stable Build
  • Description:

    V 1.0.1

1.0.0:

  • Compatible with CE: 1.5 1.6 1.6.1 1.6.2.0 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3
  • Stability: Stable Build
  • Description:

    Stable Version V 1.0.0

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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