Yuansfer Wallet Payments

Yuansfer is an alternative payment platform that enables merchants to accept all QR code-based wallets. Our payment solution unleashes true cross-border growth potential for businesses of all sizes. Equip your online store with a modern payment technology that enables you to support major global wallets with one simple integration, including PayPal, Alipay, WeChat Pay, Union Pay, and Credit Cards. Click here to learn more about the wallet types, currencies, and transaction types. The Yuansfer extension is fully integrated with Magento and comes with all Yuansfer features right out of the box to create a localized shopping experience. It provides the fastest way for merchants to connect with billions of global consumers who prefer to pay with their native wallets. It easily syncs with your existing checkout process to support a seamless payment flow, standardized reconciliation, and financial reporting. Our solution is built for growth and has helped over 2000 businesses streamline their payment operations and increase their revenue by an average of 25%.  

Account & Pricing

A Yuansfer merchant account is required, separate from the extension installation. Sign up is easy; simply complete the steps here, and our Client Onboarding team will take you through the rest. For more information on joining our Platform, visit our FAQ page. We operate with integrity and transparency. There are no surcharges, no hidden fees, no monthly fees, and no commitments. 

• Alipay, WeChat Pay – 2.3% 
• Union Pay - 2.6%
• PayPal – commercial terms and pricing determined upon account approval by PayPal

Get in touch with us to inquire about custom pricing packages. You may also contact us via email support@yuansfer.com for further assistance. 

Features

• Boost global reach – reach 2 billion alternative wallet users globally
• Reduce cart abandonment – remove tedious credit card forms and optimize the checkout process for your customers to pay with their preferred payment methods
• Decrease transaction fees – save up to 65% on cross-border transaction fees 
• Fraud and chargeback prevention – secure digital wallet transactions ensure you get the money you deserve
• Fast and secure – All transactions are tokenized, encrypted, and authenticated to ensure security without transmitting or storing any sensitive user information in the process
• Support multiple currencies – transact flexibly with foreign or your home currency
• Local settlement – two-day funding in your home currency
• Transparent pricing – no surcharges, no hidden fees, no monthly fees, and no commitment (custom rates available for merchants with large payment volume)
• Enhance customer loyalty – stay connected with your customers through their digital wallets with customized campaigns and personalized promotions 

Security

All sensitive data, including Transaction ID, Transaction Amount, and Merchant ID, are encrypted using RSA_AES algorithms during transmissions. Yuansfer uses Alibaba Cloud and enables a Web Application Firewall to defend against the most common attacks such as (but not limited to) SQL injection, XSS cross-site scripting, common web server plug-in vulnerabilities, Trojan uploads, and unauthorized access to core resources. Yuansfer and Wallet Servers authenticate and validate each transaction, thus eliminating fraud. No tokens or user passwords are transmitted during the process. Yuansfer's Gateway does not interact with any card network processing components for PCI scoping. Alipay transaction data is PCI out-of-scope and not subject to PCI DSS standards.