Alipay balance is a virtual currency
Alipay's money is equivalent to a margin account, no interest, but there are restrictions on usage. If it is bound with a bank card, it is money after withdrawal.
Alipay's money transfer to the bank account specific operation
landing Alipay -- cash in - enter the amount - enter the payment password - complete
PS: if there is no binding bank account, set up first. Step is
log on Alipay -- cash out -- set up bank account -- finish
WeChat payment, Alipay, mobile payment, all belong to the network virtual currency, all of these three belong to China's legitimate trading means, and are protected by relevant laws. p> The network virtual currency refers to the online equivalent, which is stored in the network or related electronic equipment in the form of digitization by a certain issuing body based on the public information network and by means of computer technology and communication technology, and realizes the functions of circulation and payment by means of data transmission through the network system
extended information:
the third party payment has significant characteristics:
1. The third party payment platform provides a series of application interface programs, which integrates a variety of bank card payment methods into one interface and is responsible for docking with banks in transaction settlement, making online shopping faster and more convenient
Compared with other payment protocols such as SSL and set, the third-party payment platform is more simple and easy to accept The third-party payment platform itself is attached to the large-scale portal website and relies on the credit of the bank with which it cooperates. Therefore, the third-party payment platform can better break through the credit problems in online transactions and promote the rapid development of e-commercebalance treasure is Alipay's service for indivial users to pay funds through the balance. Transferring funds to yu'ebao means purchasing corresponding financial procts from fund companies and other institutions. Yu'ebao first supported Tianhong fund "yu'ebao" Monetary Fund. Monetary funds are mainly used to invest in bonds, bank deposits and other securities with high security and stable returns. In 2012, the average 7-day annualized yield of domestic monetary funds was about 3.8%. On the whole, as a kind of fund procts, monetary fund may suffer losses in theory, but from the historical data, the risk of income stability is minimal.