ipl-logo

Advantages And Disadvantages Of Alipay

999 Words4 Pages

What is Alipay?
Alipay or Zhi Fu Bao is the online payment method which launched by Alibaba Group LTD., in 2004 in China. Jack Ma is the founder and the e-commerce leader in China. Alipay is similar to Paypal but the usability is only for the mainland Chinese at the beginning. People can connect their Alipay account to credit card or bank account. Just make sure that the balance of the account is enough to do the transactions. Alipay is a secure place by 3 layers of password that people can do the transactions vie mobile application. Over 80 million transactions per day and more than 900 million accounts made Alipay is the leading third party online payment platform. Nowadays Alipay isn’t limit only in China but also accepted to all around …show more content…

Because it’s very convenience and easy. That made some times people can’t control their payment. They can do the transaction anytime they want. This may lead people lost their financial discipline. At the same time, there are someone who try to use the system’s loophole to steal the money in Alipay from another account. By switch the QR code, they change the merchant’s code and put their code instead. Then people can’t see the different, which one is fake. Finally the money that people transfer isn’t to the merchant’s account but it go to the robber’s account.

If people talk about the online payment platform. Alipay still the first choice for them due to above information. But if they pay more attention on the deep detail, they will found that it has pros and cons. Depends on how they use and get the benefit from it. A lot of merchants or companies got the money from their business vie Alipay, while the plenty of people got the convenience from Alipay’s options. Everyone can manage their financial on mobile phone or computer from anywhere and anytime. Just have the internet and alway be careful when they do the transactions. Don’t let another one know your passwords, check the QR code before pay something and alway check the account summary. These suggestions can help you to protect your account from the robber or someone who try to hack your account. From these cases show us that in the future, the bank note may turn to the collections in the museum. Because the world has totally change to the cashless

Show More
Related

  • Tootsie Roll Financial Analysis

    668 Words  | 3 Pages

    At present the organization serves over 200 countries providing “goods, dollars, and know-how” (UPS, n.D., 1). Usahas a few stores located in these countries, together with the USA, the place people cannot best have their applications sent, however they can additionally buy supply merchandise from them as good. On September 5, 1995, Piere Omidyar situated eBay sitting in his residing room. EBay acquired it first begin with a lie declaring “that it used to be situated to support Omidyars finacee trade Pez sweet dispensers and that lie was once again with the aid of a public family members supervisor in 1997.

    Read More

  • Summary: The Uniform Commercial Code

    291 Words  | 2 Pages

    The Uniform Commercial Code, section 4-406, addresses the responsibility of the bank verses the customers in a paper society. While commerce is evolving to a technological world, there are some foreseeable reasons to evaluate this section of the UCC because of the reliability of human interaction. The relationship between the customer and the bank was very relevant to conduct business in the banking system, as swift as laws and codes change to protect cyber banking, more of the responsibility or duty is placed on the customer. As we examine these two codes, with a focus on forgery, we will analysis the facts of a case in relationship of the codes. Then explore the current paperless society and the duty of banks, business and customers to

    Read More

  • Unit 4 P4 Essay

    753 Words  | 4 Pages

    For example, business like Asda use e-commerce which allows customers to shop online. The advantage of using e-commerce is that you are allowed to create your own website and sell products online. Upgrading IT development It is important that you are aware of your customers because you should always keep your customers happy.

    Read More

  • A & P And Araby Compare And Contrast

    612 Words  | 3 Pages

    In James Joyce’s Araby and John Updike’s A&P, two characters, the narrator from Araby and Sammy, share very similar experiences and characteristics. Their encounters with a particular female, the grand gestures made for the female, and the internal alienation caused by their lack of focus makes these characters alike. Sammy and the narrator from Araby are both deeply infatuated by girls whom they only said a couple of words to. “When she came out on the doorstep my heart leaped… I had never spoken to her, except for a few casual words, and yet her name was like a summons to all my foolish blood.” (Araby)

    Read More

  • Advantages And Disadvantages Of Non Compete Agreements

    1006 Words  | 5 Pages

    Nowadays, more employers require new workers to sign “Non-Compete Agreements”, in order to prevent insiders from taking consumers’ data, business secrets or newly researched technologies to competing firms when the workers leave. A non-compete agreement is a contract between an employee and employer that confines the ability of workers to involve in business which competes with their current employer. The agreement is most often signed at the beginning of employment. It puts a limit on the employee to not work for a competitor company immediately after leaving their employment with the current company.

    Read More

  • Abany Plan Pros And Cons

    1759 Words  | 8 Pages

    Though colonists tried to work with the system of government set in place by their parent country, the began to flock towards a republican ideology. Although accepting of the English constitution and even supported its values, colonists came to worry about corruption. To them the monarchy represented power and with that power came corruption. In order to keep from being taken advantage of, the colonists would need more power in the government. Being colonists, they didn’t have the capability to influence Great Britain or to elect their own governors.

    Read More

  • Porter's Five Forces Analysis Of Alibaba

    3615 Words  | 15 Pages

    Assignment: Portfolio Income & costs and profit measures of performance Alibaba.com is a China’s B2B e-commerce company which owns a U.S. IPO that worth $25 billion has become the largest B2B e-commerce company in the world in just a few years and barely anyone expect the company can achieve this results so successful. Referring to the Appendix A, the income of Alibaba has been increasing from year 2010 to 2014. This is because of there has a few key factors of success that carried out by the founder of Alibaba.com, Jack Ma to operate the e-commerce business in the global marketplace.

    Read More

  • What Are The Advantages And Disadvantages Of Target Company

    843 Words  | 4 Pages

    Target Corporation is one of the famous retail stores in the United States which is founded by George Dayton in 1902. Walmart is the main competitor to Target because these companies have similarities such as goods, services, business form, and customers. To compare Target to Walmart is logical because people can determine and analyze advantages and disadvantages in annual financial statement between Target and Walmart. Target and Walmart have different data on investment activities which are important to their companies. Investment activities are, uses necessary resources for operating of their companies which include computers, delivery trucks, furniture, buildings.

    Read More

  • Persuasive Essay On Credit Card Debt

    922 Words  | 4 Pages

    Today nearly everyone has to have and use a credit card (credit card) as a medium of non-cash transactions. This is because the manufacturing process tends to be easier, offer a discount for its users as well as the practicality of use. But of course there are consequences to be paid when you use that bill pembayarannnya. For some people it does not matter, but for some others, sometimes it becomes a new problem. As a result, it is instead make your life easier, but instead burdening your life.

    Read More

  • Advantages And Disadvantages Of Outsourcing In The Restaurants

    1035 Words  | 5 Pages

    Sit-down restaurants’ ability to have short turnaround times from ordering to services raises the question “How are they able to serve everything on the menu so quickly?” Persons may have guessed that it was due to a highly competent and efficient workforce but the reality is that restaurants are now outsourcing semi completed meals in order to save time in the preparation of their meals. These pre-prepared meals can either mean that restaurant chefs have to add a few ingredients before serving or simply heat and serve. Although there are mixed views on this practise by restaurants, it is becoming more commonplace and it the near future this trend can be the new normal. Advertisements for the outsourcing companies advertise the concept of “Hours

    Read More

  • The Cause And Causes Of Online Shopping On The Internet

    996 Words  | 4 Pages

    Users have more opportunity to choose and compare products they want to purchase or easily find and select specialized products. This kind of open market place would increase competition, provide benefit for industrial buyers as it will promote better quality and more variety of goods. Nowadays, the desires to shop and buy through the Internet become a trend to the people. Usually, the rate when people use to online shopping is during the festival season such as Hari Raya Aidilfitri.

    Read More

  • Apple Value Proposition

    1567 Words  | 7 Pages

    They offer online payments, card-swiping solutions, and mobile payments in stores that use PayPal. Apple Pay has emulated similar services by implementing website payments like PayPal has done for many years through websites such as eBay and Amazon. No customer credit card information is transferred during transactions. That information remains secure with PayPal. However, they too have high transaction fees for merchants.

    Read More

  • Benefits Of Online Shopping Essay

    1142 Words  | 5 Pages

    The most valuable reason for the popularity of online shopping among the people is its high convenience. First of all, online shopping allows the customers to buy products at any time that is convenient for them. While traditional brick-and-mortar selling businesses tend to work during specific time periods, online shopping is accessible at any time. An immense benefit of online shopping is that it is available 24/7. As a result, the customers do not need to think that they will not manage to buy something since the shop is already closed.

    Read More

  • Persuasive Speech On Online Shopping

    765 Words  | 4 Pages

    More and more people these days prefer online shopping than shopping in malls because of so many advantages and benefits. People from all over the world have accepted online shopping sites because of the convenience provided like from shopping in their pyjamas to convenience for elderly and disabled. Not only this, online shopping sites also provides a wider choice of products, avoiding upselling or impulse buying, better prices, good for the environment, and

    Read More

  • Advantages And Disadvantages Of Foodpanda

    2083 Words  | 9 Pages

    One of the challenges of e-business is that there are customers that prefer cash on delivery payment method because of limited online payment accesss for credit cards in certain countries. This payment method is a problem for global e-business, as it would delay the transactions of goods and payments. However, it is not a problem for Foodpanda because the food orders delivery is made within the country and hence cash on delivery is accepted. Apart from that, returning policy is also a challenge for e-business as it is more expensive with the addition of shipping and packaging cost. Foodpanda however, does not have a returning policy because the service that Foodpanda provide is a food delivery service, not goods.

    Read More

More about Advantages And Disadvantages Of Alipay

Open Document