Module

Item

AlipayCN

Alipay+

Business

Business contract

Sign the acquiring contract with AlipayCN.

• Sign a new acquiring & settlement contract with AlipayCN.
• Sign the participation agreement with Alipay+, which contains the funds clearing service of AlipayCN.

Fees

• Fee item: merchant discount rate (MDR)
• Rule: percentage fee per transaction / tiered fees

• For AlipayCN, Alipay+ follows the same fee items and rule in collecting fees.
• For other Alipay+ wallets, Alipay+ charges IC fee and Service fee.

Product capabilities

APIs

Integrate the MAPIs.

Integrate the Alipay+ APIs.

Supported scenarios

• User-presented Payment
• Merchant-presented Payment
• Pre-authorization

• User-presented Payment
• Merchant-presented Payment

Huabei Installment

Supported

Supported

Refundable transactions before the migration

Request AlipayCN to refund.

• Request AlipayCN to refund.
• Increase the settlement threshold between AlipayCN and ACQP, and use the retained funds for refunds. After the refund period expired, lower the threshold and settle the remaining funds to the ACQP.

Marketing capabilities

AlipayCN marketing capabilities

• For AlipayCN, use AlipayCN marketing capabilities.
• For other Alipay+ wallets, use Alipay+ marketing capabilities.

Reconciliation

Settlement cycle

T+1

The settlement cycle between Alipay+ and the ACQP: 

• AlipayCN: T+1
• Other Alipay+ wallets: T+2

Reports

Provided by AlipayCN.

Alipay+ provides two sets of reports:

• One set for AlipayCN
• One set for other Alipay+ wallets

Settlement

AlipayCN settles to the ACQP.

Alipay+ settles to the ACQP in two batches according to the two sets of reports:

• One batch for AlipayCN
• One batch for other Alipay+ wallets

Partner Services

ACQP workbench

AlipayCN backend provides the following services:

• Transaction inquiry and refund
• Report inquiry and download
• Contract inquiry and modification

Alipay+ backend provides the following services:

• Transaction inquiry and refund
• Report inquiry and download

Integration and acceptance

AlipayCN provides the platform for AlipayCN integration and acceptance.

Alipay+ provides the platform for the integration and acceptance of AlipayCN and other Alipay+ wallets.

Merchant registration

AlipayCN provides the following ways for merchant registration:

• APIs
• Contact Alipay
• Global Merchant Portal

Alipay+ provides the following ways for merchant registration:

• APIs
• Contact Alipay+
• Alipay+ Portal