Paying Online in China Infographic

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Online shopping is steadily becoming one of the most popular ways for getting foreign and domestic products for those who are in China. With that being said, each online shopping platform utilizes a variety of payment methods in order to ensure that there is a method that is going to work for everyone online shopper out there.

According to the infographic below:

Infographic courtesy of http://fikobservatory.com/en/post/online-b2c-sales-doubles-last-two-years-in-china/

Infographic courtesy of http://fikobservatory.com/en/post/online-b2c-sales-doubles-last-two-years-in-china/

The top online shopping payment method did Alipay.

Read more about Alipay here.

This is followed by Tenpay and doing an online bank transfer. The other methods that are provided do not hold much of the market share for payment methods. It is clear that Alipay is the number one choice for most shoppers. Why is that?

Not only can a person pay for their purchase via Alipay, but Alipay also provides an escrow service, allowing a consumer to get the product and ensure they are happy with this before releasing the funds. Thus, Alipay helps customers to feel that they are not going to get ripped off or taken advantage of.

About Author

Social Brand Watch (SBW) is a collection of experts in digital, mobile and social media in China. SBW was created to complement Resonance's China Social Branding Report, a bi-weekly report focusing on modern marketing methods of the world's top brands in China.

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