Alipay Announced To Withdraw Cash Free Of Charge For Another 3 Years

Over the past year, tens of millions of small businesses have withstood the test of the epidemic situation, and have successively realized the V-shaped rebound in business operations. In order to further reduce the cost of small and medium-sized businesses, on March 30, Alipay's open platform announced that the free service of cash withdrawal with collection code will be extended for another three years to March 31, 2024, and there is no single upper limit or one-day upper limit for cash withdrawal.

It is understood that this is another new action of Alipay to help small businesses during the anti epidemic period, following the launch of digital consumer coupons and the launch of "merchant anti epidemic service zone". Reducing costs and increasing efficiency for small businesses is becoming a new trend of launching services on large Internet platforms.

The collection code is mainly used for offline consumption collection of small and medium-sized businesses. Since it was launched in February 2017, it has become a collection helper for many offline businesses. At the end of 2017, Alipay announced that it would extend the withdrawal of cash collection code for free for three years to March 31, 2021. This is the second time Alipay will receive money code withdrawal free extension of 3 years.

According to the announcement, businesses can get free withdrawal limit according to 1:1 of collection fund by using Alipay collection code for effective offline collection. There is no single upper limit and single day upper limit for the acquisition of free withdrawal limit, and the limit is valid for one year. It is equivalent to how much cash can be withdrawn free of charge. In addition, the free cash withdrawal amount of the collection code obtained by the merchant before April 1, 2021 is still valid for one year.