What is NetEase Payment? NetEase Payment Review

NetEase Payment is another payment product of NetEase. It is one of the few third-party payment institutions with full licenses for third-party payment, cross-border foreign exchange, and cross-border RMB, and is supervised by the People's Bank of China and the State Administration of Foreign Exchange.

About NetEase Payment

·"NetEase Payment", formerly known as "NetEase Treasure", is a safe, stable and fast online payment platform launched by NetEase to facilitate users to conduct online transactions. It provides users with a variety of convenient online recharge, transaction management, online payment account management, collection, withdrawal and other services. With "NetEase Payment", you can easily consume various services provided by NetEase (points cards, game peripherals, dating, impression party, etc.), reducing the cumbersome process of using bank cards every time, thereby protecting the security of bank account information.

In October this year, NetEase Payment launched the NetEase cross-border payment service for cross-border e-commerce sellers.

NetEase's cross-border payment advantages

1. Ultra-low handling fee, capped at 0.7%, and real-time bank exchange rate with no exchange loss.

2. Withdrawals can be received in as fast as two hours.

3. Full license security and compliance ensures fund security and worry-free payment collection.

Supported platforms

Currently, we only accept Amazon, and vertical platforms such as Japan's Rakuten and South Korea's Gmarket are also in constant contact.

Areas covered

It targets cross-border e-commerce platforms in Europe, the United States, Australia, Japan, some emerging markets, and countries and regions along the Belt and Road.

Usage Process

1. Register a NetEase payment cross-border payment account;

2. Bind the payment account and receive payment automatically;

3. Withdraw cash to domestic banks and receive it in real time.

Development History

-In May 2015, NetEase Financial Division was officially established.

-In March 2016, NetEase Bao was officially renamed NetEase Payment and is now a member of the China Payment and Clearing Association.

-In October 2018, NetEase’s cross-border payment service was launched.