Alipay to give new terminals to B2C merchants

Alipay is China's biggest provider of online-payment services provider with a large number of registered members in China. It is popular for China online shopping netizens.

We can see many online shoppers prefer using Alipay to make payment and Alipay has been cooperating with many e-business websites so it is convenient for many netizens.

Alipay plans to invest 500 million yuan over the next three years to upgrade its cash-on-delivery infrastructure across the mainland.

The capital outlay will primarily involve the deployment of portable cash-on-delivery (COD) terminals to provide online merchants with logistics data and enable them to process payments made with credit and debit cards by consumers.

A solution that integrates both payment and logistics systems helps business-to-consumer e-commerce companies to manage their information and cash flow simultaneously.

Alipay's COD solution will allow merchants to receive payments within 24 hours of delivery, faster than the current industry practice which can take several days.

Alipay has estimated that most COD transactions on the mainland are paid in cash. It said less than 20 per cent of the mainland's top-100 online business-to-consumer merchants were able to accommodate credit card or debit card payments upon delivery to a buyer.

At present, merchants rely on COD payment models in which the logistics and payment information are kept in two separate systems.

IBUonline is a B2B platform, which adopts Escrow payment which plays the same role as of Alipay on B2C platform.
IBUonline builds a bridge to connect international buyers and China suppliers.