Alipay did not specifically mention this issue. But let's take a look at this announcement by Alipay:
From October 12, 2016, Alipay will implement the policy of cash withdrawals, mainly for personal users, Taobao merchants and stores will not be affected by Alipay. Specifically, Alipay's presentation only involves the two functions of "cash card to bank card" and "transfer to others' bank card". Each individual user has a total amount of 20 thousand yuan of basic free cash withdrawals, and the part exceeding the free quota will collect service fees in accordance with 0.1% of the withdrawals.
This is to say that each individual user is entitled to a total of 20000 yuan of basic free withdrawal amount. The part exceeding the free amount will be charged a service fee of 0.1% of the withdrawal amount. From here, it can be seen that what is mentioned here is that each person has the basic free withdrawal quota of 20000 yuan, so this time is not a month and a year, but all the time in the future.
20 thousand yuan free quota, I believe you can not use one or two years will be gone, the follow-up can only rely on ant score to use the free quota, from this point of view, Alipay is still very unkind.
Ps. Alipay Cash Free 20 thousand yuan, not every year or month, but after all the cumulative stack.
Summary of common problems of Alipay cash collection charges
1. Is there any charge for transferring the money in yu'ebao to my bank card?
In 2016 10 and 12 days ago, the balance of treasure funds transferred, including transfer to my bank card or transfer to Alipay balance is still free.
However, after October 12th, the money transferred from the Alipay balance to the balance will not be directly reflected in the bank card.
2, is Alipay's cash withdrawals mainly related to the scope?
Alipay's presentation involves the two functions of 'cash to my bank card' and 'transfer to other bank card'. After adjusting beyond the free quota, the service fee will be charged according to the 0.1% of the cash withdrawal amount.
3, Alipay cash has been free for so many years. Why do we charge now?
While providing more and more convenient and safe services, the cost of comprehensive operation undertaken by Alipay has also increased rapidly. The adjustment of the withdrawal rules is aimed at alleviated part of the cost pressure, so as to ensure that we can provide more quality services for you continuously and healthfully.
4. All of a sudden, it's cost. Why do you choose to charge cash withdrawal instead of other links?
Recall that you use Alipay for consumption, financial management, purchase insurance, mobile phone recharge, flashlight, coal payment, repayment and so on. The frequency of Alipay is higher than that. If users charge more in other links, the impact of users will be greater, and the impact on cash withdrawals will be much smaller.
5, WeChat raised the denomination of 1000 yuan, why Alipay has a denomination of 20000 yuan?
Although Alipay is facing great cost pressure, we will do our best to provide you with higher free quota.
6. If I use up the basic free cash withdrawal amount of 20000 yuan, is there no way to free it?
After the basic free withdrawal quota of 20000 yuan is used up, ant points can also be used to exchange the quota. Please rest assured that using ant points to exchange for free quota will not reduce your ant membership level.
7. I am a seller of Taobao. There are so many running accounts every day. What can I do if I need to charge for withdrawing cash to the bank card?
Alipay cash charges are for personal users only. Taobao Tmall sellers and 1688 sellers will not be affected.
8. There is a charge for withdrawing cash beyond the free limit. What should I do if I want to transfer money to another bank in large amount in the future?
If you want to transfer large amount to the bank card, we suggest you choose some online banking that provides free transfer for operation.