Alipay Launches C2C Payment Platform

DoNews, 11/17/11

Chinese third-party payment processor Alipay has released a new C2C platform, "Yi Zhuanrang" ("Easy Transfer"), that allows individual users to post items for sale for other users to purchase using Alipay. The platform also allows sellers to promote their merchandise on Sina's (Nasdaq: SINA) Weibo microblogging platform, Taobao, and online classifieds sites Ganji and Baixing.

Alipay guarantees sales made via the platform, and each user can conduct up to RMB 10,000 or 20 transactions each month, with a 1% commission on all transactions that exceed either limit.

An Alipay spokesperson said that "Yi Zhuanrang" is partnering with other websites so that users can quickly promote their items on multiple platforms.

Keywords: online payment e-payment C2C Internet online classifieds Alipay third-party payment e-commerce

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