Alipay limit on the amount for payment of balance

Recently Alipay had a new policy change, Alipay balance of payments up to 200,000CNY per year. If you exceed the limit, You can use other methods of payment such as Bank card fast payment, online banking, and mayihuabei（蚂蚁花呗,mayihuabei is a credit payment provided by Alipay.）

What is the amount of Alipay

This policy is developed in accordance with the provisions of the regulatory authorities, the account was classified according to the perfection of user identity information. The first type only need to bind bank card on Alipay, the amount of 1,000CNY for life; The second type need to upload ID, or bind another bank card, the amount of 100,000CNY per year; The third type need two more verification based on type two, like buy insurance with Alipay or buy airfares with Alipay, the amount of 200,000CNY.

What can I do with Alipay Balance?

You can use Alipay to buy financial products, transfers, shopping on taobao or tmall. You can also send red envelopes with Alipay to your friends.