• allan said: hi .. svilena hristova i had cheated by a chinese company in senzhen. i...
• Svilena Hristova said: Hi, i live in China and i will try to help you. Send me email...
• Jhummun S said: I made payment a huge sum for an order on 13/12/2011 by credit card...
• steve said: can i use roaming service in Yangon, Myanmar using this china sin card ?
• norm said: I would like to know that also. Feb. 2006 I aquired shares.
• baove said: Is it just me or does it seem that Vietnamese are strong supporters of...
• Clifford Mensch said: I would like to offer property for sale to investors, 60 acres...
• Clem said: 100,000 employees, 200,000 iphones produced daily. I wonder what kind of...
• Trizt said: I really hope they do pay the workes for all the extra hours they will...
Get Our Weekly Email Newsletter
2012 International Conference on Green Building and Civil Engineering @ Guizhou - 2012/05/19
Annual Conference of the Academy of Innovation and Entrepreneurship 2012 @ Macau - 2012/06/08
Alibaba.com Launches Online Payments
February 3, 2005 |
Print
| 
Email
| 
Comments | Category: Internet
In a bid to compete with Paypal's arrival soon in China, Alibaba.com has just launched its AliPay online escrow system for use by businesses and individuals in China.
Alibaba says the payment system provides buyers and sellers with a comprehensive solution that resolves the issue of trust in online transactions while providing an efficient platform for transacting online.
To insure AliPay is safe for users to conduct online transactions, Alibaba.com has partnered with four of China's largest national banks, including China Merchants Bank, China Construction Bank, Agricultural Bank of China, and the
Industrial and Commercial Bank of China.
As part of the AliPay launch, Alibaba.com also announced that it will guarantee all transactions made through the AliPay escrow system and reimburse any buyer or seller using the system who is found to have been a victim of fraud.
In the first several months' testing period, the company says the AliPay service proved a success with the 4.5 million members of auction website Taobao.com, an Alibaba.com subsidiary. Of its more than 4.96 million product listings, 70% of the posted products on Taobao.com include a request that buyers use the AliPay service. Products that have already been sold through AliPay include jewelry, cars and real estate.
Related Links:
Recommend this page: 
Loading ...Leave A Comment:
-
Security
- Qihoo 360's Safebox Software Will Integrate With Uuu9.com
- Apple Suspends iPhone 4S Sales In Retail Stores In China
- New Chinese Internet Rules Focus On Data Security, Web Advertising
- Chinese Internet Users Can Report Online Fraudsters Via New Baidu Service
- Huawei To Acquire 49% Stake In Security JV With Symantec
-
Software
-
Telecom & Wireless
Copyright 2012 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 