Extra chapter of Mr. Gou's 100% anti-freeze and safe withdrawal method in the cryptocurrency circle: A new method for returning funds to Alipay

Those who have read Mr. Gou's pinned tutorial know that after your u withdraws foreign currency through exchanges such as Kraken:

1. Withdraw to Hong Kong card, and the funds can be withdrawn from domestic ATMs or bound to Alipay/WeChat for consumption.

2. If you withdraw funds to other overseas banks, you can remit them back to domestic bank cards through intermediary platforms such as Panda Express and WISE

(Mr. Gou has ruled out direct wire transfers, which are very slow and may require proof of source of funds. The payment code of Cloud Quick Pay merchants returning to China is a bit gray and will not be mentioned for the time being)

Today, a fan in the background gave a new method for Alipay to quickly collect funds overseas. Mr. Gou personally tested it and it is reliable, so I share it with everyone.

The principle is that overseas banks transfer to Alipay through intermediaries (Alipay's overseas remittance institutions).

The steps are:

1. Open Alipay, search for "Quick Remittance", and then click "Remit to China";

2. Click "I am the payee", then confirm the account and save the payee's English information;

3. Choose an intermediary institution, and click "I am the remitter". There are many institutions, including Panda Express, Western Union, Remitly and many other institutions. You can choose the one that suits you (I am also going to run them all to see which one has the best cost-effectiveness. Wait for my guide)

4. Each intermediary institution has a remittance procedure, which is fool-proof. Just follow it step by step. In short, it is to remit from your overseas bank to them, and then to your Alipay account.

Regarding the overseas collection limit of Alipay's "Quick Remittance", if you choose salary + family living expenses, the single limit is 50,000 and the annual limit is 600,000. The advantage is that you don't need to show any proof. If you choose online shopping income or service trade, the single limit is still 50,000, and there is no annual limit, but if the funds are large, you may need to show proof.

Compared with non-foreign banks, Alipay is more flexible and smoother in receiving overseas funds. You can try it.

Recently, many new channels for safe deposits and withdrawals have emerged. This article has received more than 300 likes, so I will resume my old business and update you with the next one. If you have anything you want to know, you can also tell me in the comment section!