International transactions can be quite daunting for want of seamless pathways to make such transactions. Paypal and Alipay have been beneficial over the years though they both have their limitations, which is easy money transfer.
Before this time, many believed it was impossible to transfer money from a PayPal to an AliPay account successfully.
Yea, it sounds true because there is no direct way of doing that. But on the other hand, there are several indirect ways you can successfully transfer from PayPal to AliPay account.
So, if you’re looking for a Full Guide on transferring money fast from Paypal to Alipay, follow me closely on this article.
Follow us closely! Meanwhile, below is our table of content.
Table of contents
About PayPal
PAYPAL, an Internet service founded by Peter Thiel and Max Levchin in December 1998, enabled money to be transferred between users who identified themselves through e-mail rather than the conventional way of sending checks or remittances.
Other than the RMB, Paypal currently supports payments and transactions in 190 countries and 23 currencies.
You can sign up for a PayPal account, authenticate as a customer, provide credit card or bank details, and increase the amount of your account as long as you have an email address.
Transfer a specific sum of money from an account that was registered when the account was opened to a PayPal account.
Users in the United States can only top up their PayPal accounts with a debit card that looks like ours, and users in 189 other countries cannot top up their PayPal accounts with a bank card.
Furthermore, customers in any given country cannot recharge using credit cards.
Related Article: How to Make $100+ on PayPal Daily (Full Guide)
About Alipay
Alibaba Group and its founder Jack Ma launched Alipay, a third-party mobile and online payment site, in Hangzhou, China, in February 2004.
Pay relocated its headquarters to Pudong, Shanghai, in 2015, while its parent company, Ant Financial, is still headquartered in Hangzhou.
In 2013, Alipay surpassed PayPal as the world’s largest mobile payment network. Alipay had a 54 percent share of China’s US$5.5 trillion mobile payment market in the fourth quarter of 2016, far and away the largest in the world, but its share had fallen from 71 percent in 2015 as Tencent’s WeChat Pay was rapidly catching up.
Alipay allows you to connect a bank card and a credit card, and you can use the bank card to recharge and make transactions using the credit card.
Paypal also accepts RMB payments, and Alipay also accepts foreign currency payments. However, because of China’s strict foreign exchange control policy, Paypal and Alipay belong to different countries of payment tools.
Here are the steps to build an account with PayPal or AliPay.
How Can I create PayPal or Alipay account?
For PayPal
To create a PayPal account, follow the steps below:
- Visit PayPal.com.
- You can create either a personal account or a company account. Once you make a pick, move on to complete the account development process.
- Creating a personal account requires that you must have your personal information.
- You must complete the signup process after entering all of your personal details, and you will then create your PayPal account.
For AliPay
- Download the Alipay app .
- Go to the ‘ME’ section
- Choose “My Account”
- Click on “Add Now”.
- Input a six-digit password that you can use to make payments.
- Re-press the “My Card” button.
- You can now enter your bank card number.
Related Article: Get Free PayPal Cash Codes in a Few Steps in 2023 | Full Guide
PayPal USD vs. AliPay USD
PayPal is well-known all over the world. AliPay, on the other hand, is very common in China. If you’re buying something from a seller in the United States, you can pay via PayPal.
On the other hand, if you want to buy anything from a Chinese merchant, you should consider using AliPay. That’s because most merchants in China don’t accept PayPal at all.
Can I Transfer Money from PayPal to AliPay?
In one PayPal account, there are only two ways you can transfer money. Either you move the money to another PayPal account or a credit card.
The best way to transfer money from PayPal to Alipay is by using an exchange with a fee attached.
You may now ask….
What is the PayPal and AliPay Transfer Exchange Fee?
The exchange fee for transferring money from PayPal to the Alipay account is around 3%, which is cheaper when compared to the service.
If transferring money to AliPay through PayPal, the question is….
How Can I Transfer money from PayPal to Alipay?
Well, there is no direct way of transferring or linking your money to an AliPay account from a PayPal account unless you go through the indirect way.
Currently, there are different ways you can indirectly make a transfer, which we will discuss immediately.
1. Transfer money to AliPay using a PayPal exchanger?
To get started, you’ve first to choose a money transfer exchanger. This exchanger service will help you send money from PayPal to Alipay.
In the same vein, you can also make your transfer by following the steps below:
- Go to the order page.
- Type billing name and address of your PayPal account
- Enter the Alipay address for receiving exchanged funds.
- In the amount field, set the exchanged amount you want to receive.
- Check the exchange rate and other fields to avoid any mistakes.
- Complete your order by hitting submit.
2. Transfering money from PayPal to AliPay through Bank Card
Alternatively, you can transfer money from PayPal to Alipay following the steps below:
- Transfer your money from your Paypal account to a bank card.
- Bind this bank card to your Alipay account using international credit cards like Visa, Mastercard, or JCB.
- Use this bank card to top up the Alipay account or consumption.
Related Article: PayPal Credit Review 2023: Pricing, Features, Legit or Scam
3. Money Transfer from PayPal to AliPay Through Vpayfast
You can also transfer money from PayPal to AliPay through Vpayfast. All you have to do is place an order to recharge Alipay on pay fast, pay with PayPal, and the supported domestic currency. And then, it will recharge for you directly, so easy.
The major challenge of this method is that it is prolonged and also charges 15% which is higher when compared with other methods.
FAQs
1. Transfer money to AliPay using a PayPal exchanger?
2. Transfering money from PayPal to AliPay through Bank Card
3. Money Transfer from PayPal to AliPay Through Vpayfast
The exchange fee for transferring money from PayPal to the Alipay account is around 3%, which is cheaper when compared to the service.
If transferring money to AliPay through PayPal, the question is….
In one PayPal account, there are only two ways you can transfer money. Either you move the money to another PayPal account or a credit card.
The best way to transfer
References
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