What is LATIPAY?
Latipay makes global alternative payments simple. Our platform and range of solutions allow for seamless cross-border transactions to take place in a simple fashion and settle in your local currency.
Our merchants do not have to pay a cent to get on-board and there are zero contracts required.
Latipay works in partnership with a range of global partners in Europe, Middle East, China, Singapore, New Zealand, Australia and the USA. Our payment gateway is fully compliant in these countries.
Who can use LATIPAY?
Currently, Latipay can be used by anyone who needs to settle foreign currency into their local currency.
The LATIPAY payment gateway is built for the benefit of two distinct groups of users:
Retail stores, exporters, education and travel providers can send invoices and payment requests to Chinese clients, provide shipping updates and tracking information, track payments made by clients in China and at the end of a transaction, receive payment in their local currency directly into their local bank account.
Chinese payers, businesses, students, travelers and consumers can pay for goods, study, flights or experiences in CNY using AliPay, WeChat, JDPay or one of 19 compliant online banks.
Is LATIPAY available outside of China and New Zealand?
We are currently available in New Zealand and Australia.
We are looking to expand to USA and Singapore very soon! Follow us on social media to stay updated!
How much does it cost to use LATIPAY?
Having a LATIPAY account is completely free of charge to set up.
When transactions are processed there is a small transaction fee (lower than any credit card service).
Are there any additional cost I should be aware of?
Other than the service charges applied by the external payment providers, (mentioned above) the only other cost you should be aware of is a bank fee for payments to overseas bank accounts.
When withdrawing funds from your LATIPAY account, payment to a New Zealand bank account is free of charge, however payment to an overseas bank account incurs a bank fee of NZD $25 per withdrawl. Please note that these figures are subject to change.
Who is currently in the LATIPAY network and using the LATIPAY payment gateway?
We have an extensive group of New Zealand merchants who are currently utilising the LATIPAY payment gateway.
Who are LATIPAY’S partners?
We have worked with New Zealand’s top organisations and leading compliance lawyers to ensure the very highest levels of compliance and legality are integrated with the LATIPAY payment gateway.
We also work alongside our trusted technology partners to ensure we are constantly offering you the best products and solutions possible. LATIPAY’S technology partners provide a range of comprehensive services and professional industry solutions that are market leading and constantly ahead of the game.
Does the annual USD50k cap for money flowing out of China apply to transactions sent via the LATIPAY payment gateway?
No. The annual USD$50,000 cap does not apply when sending money via the LATIPAY payment gateway. There is no limit on the amount of CNY that can be paid.