For individuals, there are four main differences between credit card binding WeChat and Alipay consumption and direct credit card consumption:
1, the credit card is bound to WeChat or Alipay. It is simple and convenient to scan the QR code when paying, but it is more troublesome to enter the password signature for digital card consumption.
2. Credit cards need to be charged an annual fee, and you can avoid the annual fee if you swipe your card for a certain number of times. Now there are also many banks that cooperate with WeChat and Alipay, which are also counted in the number of cards and have points.
3. Now both WeChat and Alipay have reward activities. Alipay's bonus and WeChat's shake are free, and you can participate in the activity by binding your credit card to it.
4. The scan code payment of WeChat and Alipay is limited, and it cannot be paid beyond a certain amount; There is no limit to credit card swiping, and it is more beneficial to swipe directly for large consumption.
For merchants, credit card binding is also different in WeChat and Alipay consumption:
1. For banks, the handling fee for direct credit card swiping is that the handling fees of Alipay and WeChat reduce the interests of banks.
2. For merchants, the cost of card binding consumption may be lower, and only the handling fee and cash withdrawal fee need to be paid, which is better than the credit card fee.
The above is a detailed introduction for everyone. In fact, whether the credit card is bound to WeChat and Alipay or directly swiped depends on the situation. After understanding the difference, choose the most suitable one.