Alipay is a white-collar financial tool

Credit card users use Alipay phenomenon through the media after exposure, causing widespread concern. It is rumored that several banks have terminated their cooperation with Alipay for this purpose. In this respect, Alipay and the construction Bank, China Merchants Bank, Bank of Communications, Citic Bank and other banks issued a joint statement, said these rumors lack of factual basis, is purely unfounded speculation.

In 2003, Alipay appeared on Taobao as a payment tool. Solve the online transaction remittance and the risk of face-to-face payment, Taobao has become the largest c2c (personal to personal) website, and Alipay also follow Taobao grew up, become a 70% market share of the Third-party payment tool.

So how does Alipay become a credit card tool as a third-party payment tool? What is the problem with the current credit card system?

　　Alipay set up "financial Way"

Since 2006 with the first credit card, senior Taobao Sellers Tianyu (alias) in the short-term cash flow of the thought of a "brilliant idea", with Alipay cash.

The operation is actually very simple: with two different ID card in Taobao to register a seller ID and a buyer ID, buyer ID and credit card hook. The two sides make a false transaction, the use of credit card payment, you can successfully from the seller's account to withdraw cash.

Two years ago, the Kunming private owner Mr Cheung (a pseudonym) opened the network company just started, is always plagued by the shortage of funds. On one occasion, the company is in urgent need of 40,000 yuan turnover, but the account is only thousands of yuan left. Under the feeling of being nasty, Mr Cheung thought of his credit card. Through the false transaction on Taobao, Mr Cheung successfully set up 40,000 yuan.

"The credit card has to pay fees and high interest, through Alipay payment is like credit card consumption, you can waive fees, and enjoy one months of interest-free period." "Mr Cheung said.

At that time Mr Cheung had 5 credit cards, each with an overdraft limit of 1. 50,000 yuan, a card near the repayment period, the use of B card overdraft repayment, so that the fall to each other, he has a few consecutive months on hand to leave a long-term interest-free liquidity, up to fifty thousand or sixty thousand Yuan.

Mr Cheung's neighbour, a small and strict couple, even used a credit card to set up more than 20,000 yuan to buy a xiali car.

"It's better than buying a car with a swipe!" "Xiao Yan said, because the credit card consumption only enjoy a maximum of 50 days of interest-free period, but using different credit card date difference, a few credit cards through Alipay mutual transfer, can be free of interest." Until now, the car has not paid off, the couple has enjoyed more than half a year of car life. "This is a good way for the majority of netizens to manage money." ”

According to the agreement between Alipay and the banks, Alipay's individual users are exempted from handling fees, which is the main reason why Alipay has occupied a large half of the network payment platform in a few years. But now, the advantage has become a loophole.

With friends to do auto parts sales Miss Wang before every encounter funds shortage, all find a special POS card intermediary for the present, "to the intermediary 1% to 2% of the return point on the line." "Even if this is more cost-effective than using a credit card, there is a charging fee and a daily interest rate, and more importantly, a credit card with a grant limit of 10,000 yuan is usually 3000 to 5000 yuan or even lower." ”

But since there is Alipay, even intermediary fees can be omitted. Now, Miss Wang is not only using Alipay to solve the company's immediate problems, sometimes also used to advance the home mortgage. "A couple of months ago I had a 50,000-dollar mortgage, which was all done." ”

Alipay has now become an "open secret". Reporter in a community QQ group of owners ask questions, immediately have four or five people come out to respond, enthusiastic guidance reporter how to operate. Search on the internet, such as "Alipay Guide" is a category of articles abound.

　　Bank Pay treasure Tighten pocket

According to Alipay (China) Network Technology Co., Ltd. to provide data, May 6, 2008 daily turnover of 3. 500 million, by August 6 The daily turnover reached 450 million yuan, and then to October 20 daily turnover of 5. 500 million yuan, Alipay trading volume increased rapidly.

In order to expand the user base, the major banks launched a card-issuing war, the user's audit is extremely simple, or even provide an ID card can get a high overdraft credit card. According to Central bank statistics, the first quarter of this year, China's credit card issuance volume reached 1. More than 4.7 billion sheets. It is not uncommon for a user to have several or even more than 10 bank credit cards in their hands.

In a society with imperfect credit system, the huge number of card issuance will bring great hidden dangers, especially when there is a third party payment tool. Chinese Academy of Social Sciences Information Research Center Secretary General Jiang Qiping (blog) said.

But Miss Wang found it increasingly difficult to use Alipay. Her most frequently used merchant bank credit card, "the first two days in order to set out 10,000 yuan, paid 20 times, too strenuous." ”

As more and more people use Alipay to cover their cash, banks are starting to be wary. Most banks have already made a quota for Alipay credit card transactions, for example, China Merchants Bank credit card transactions on the payment of a single maximum limit of 499.99 yuan, Everbright Bank daily limit of 300 yuan.

Wang Ningqiao, vice president of Citic Bank's credit card center, confirmed to reporters that Citic Bank is still working with Alipay. "We do not advocate such a practice. He revealed that the state is working on regulations to regulate the current credit card policy.

In other words, the credit card is now in the regulatory constraints of the "gap." Under the influence of the financial crisis, a lot of cash-hungry people think of credit cards.

Mr Cheung that, as long as repayment timely, such a set of existing "understandable." "Because credit cards are used to overdraft, this is in line with the needs of banks." Consumers simply use the concession agreement between the bank and Alipay to waive the fees. The bank's concerns are the result of bad debts that have been generated by the cash. ”

"If a user takes cash in the housing market or the stock market, it will become a bank's bad debt if it is stuck." "Wang Ningqiao said. Obviously, both the bank and the Alipay company have noticed this.

Some monitoring measures in the gradual implementation of the August 2008, Alipay strengthened the crackdown on the current, for some of the people to take the permanent refusal to provide Alipay services, including bad Credit records blacklist and many other measures.

Alipay also strengthens the monitoring of transactions between abnormal accounts. A netizen tells his own behavior is paid treasure "catch" experience.

"I have been very careful to set up the present, such as using different IP, different sellers, different trading methods, different banks and so on, over a year, a total set of five or six times." Results last month in the false transaction of a notebook, in the payment was frozen more than 10,000 yuan, and then Alipay called me to notify me, if not to provide effective evidence, will be resolved through legal means. Then it was a very painful process, with a lot of evidence, copies of ID cards, bills, etc., to hand over all the material that proved to be innocent (and I confess). That period of time is really sleepless, more than 10,000 yuan do not matter, but in the banking system left a stain, in the future will not be able to support funds. ”

　　Alipay eventually will be the net friend of the thaw.

For Alipay more than 100 million users, more than 2 million daily trading pens, more than 5. How to monitor the total amount of daily transactions for 500 million yuan per user?

Increase the risk of the cost of cash, Alipay (China) Network Technology Co., Ltd. PR manager Chen Liang said, Alipay will be the list of the present to the bank, the bank also found their own cash to Alipay. Once the list is entered, the user's credit history is affected.

"The person who has been in the house has been decreasing. "said Chen Liang.

Wang Ningqiao prescribed the prescription is "to users of credit education, and the relevant companies to strengthen management, payment platform to strengthen the monitoring of merchants." ”

However, Mr Cheung that the bank's control measures are limited to a large set of existing limits, and the supervision of small sets is still difficult to bear fruit.

Due to timely repayment, Mr Cheung credit card overdraft is now no less than 50,000 yuan, but in Alipay "help" through the capital bottleneck, he has not tried to set the present, because "also very time-consuming, time-consuming." "Many cards are constantly pouring down, to remember the date of each card repayment, and the funds to deposit in Alipay for a few days, 1 months of interest-free period in fact, only 3 weeks." ”