According to Alipay, starting from the 20th of this month, Alipay’s payment code will no longer have the transfer and collection function. The payment code is only used for offline payment, and the collection function will be placed on the “I want to collect payment” page.

Mobile phones have become a must-have item for people when going out. Alipay transfer payments are convenient and efficient, avoiding the trouble of finding change and fake money. Alipay payment is simple and convenient. Not only in major shopping malls and supermarkets, but even small stalls on the roadside will post Alipay’s payment QR code. After applying for the “Alipay Money Collection Code” sticker, the stall accepts transfers from consumers. Not only that, but you can also see the flow and reconciliation management with one click. For merchants, this is simply a "money collection tool". However, there are advantages and disadvantages. Small merchants still have a lot of trouble to collect money with their Alipay account. Alipay withdrawal requires a fee. As we all know, Alipay withdrawal now requires a handling fee for more than 20,000 yuan, and personal living bills are mixed with store bills, making it difficult to reconcile, so some merchants are also having a headache about this.
Nowadays, the improvement of Alipay is a "zero threshold" for small merchants. Click the "I want to collect money" function of Alipay to enter the page, click "Apply for money collection code sticker". Not only that, you can also apply for your own exclusive money collection code. After the merchant receives the "money collection code" sticker, he can easily collect money. The money received can not only be withdrawn for free, but also clearly see every transaction. Daily bills and monthly bills are not only more convenient for individual users, but also more good news for store owners to reconcile accounts.
For example, if you take a small merchant with a daily turnover of 10,000 yuan as an example, you can save more than 3,600 yuan in cash withdrawal fees every year. Moreover, when you enter the "Money Collection Code" page, you can also see each turnover, daily bill and monthly bill at any time, which is clear at a glance, which is equivalent to finding a free "little accountant".
Data from the State Administration for Industry and Commerce shows that as of the end of 2016, there were 87.054 million market entities of various types nationwide, including small and medium-sized enterprises, self-employed enterprises, etc. For these small merchants at tens of millions of levels, this collection function is a great convenience.
With the store-specific money collection code, each merchant’s Alipay account has two bills, one life bill and one store bill.
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