Following the launch of the "Fanxing Plan 2.0" tens of billions of traffic subsidies, in order to help merchants digitally reduce costs and improve efficiency, Alipay added new measures: On June 10, Alipay's open platform announced the launch of "Three Zeros Service" for small and micro merchants. Free cash withdrawals, full compensation for stolen goods, and free rights and interests have reduced costs and improved efficiency for small and micro businesses. Among them, the fee reduction measures have saved more than 5 billion yuan in costs for small and micro businesses.
It is understood that the current "three zeros service" is mainly divided into three aspects: in terms of fee reduction, Alipay's cash code withdrawal is free for another three years, and there is no single limit and single day limit, and no additional application is required for users; in terms of points rights, The merchant points obtained by merchants with Alipay's money collection code can be exchanged for dozens of business materials.In addition, Alipay will continue its long-standing commitment to "you dare to scan, I dare to pay" to provide security for merchants. If the payment code is maliciously replaced or repackaged, and the funds in the payment code account are stolen, the merchant can receive a compensation of up to 200 million.
Since the launch of the low-threshold digital business tool "Cash Code" in 2017, Alipay has served more than 80 million small and micro merchants, and successively launched "more income and more loans", "more income and more insurance", "more income and more profit", etc. series of services.It is understood that Alipay Merchant Services has opened nearly 2,000 digital tools, most of which are free tools, for the digital operation of merchants.
Last year, four ministries including the People's Bank of China issued a notice on reducing the payment fees for small and micro merchants. Industry associations such as the China Payment and Clearing Association also issued a fee reduction initiative. Alipay took the lead and implemented the fee reduction measures two months in advance. The measures such as full compensation for theft and free rights and interests have saved costs for small and micro businesses. Among them, measures such as free cash withdrawal and discounted online payment service fees have been implemented for six months, and have saved more than 5 billion yuan in costs for businesses.
