In order to provide more payment solutions and thus boost sales, Boutir is now collaborating with YedPay, a Hong Kong All-in-one Payment Platform for Merchants. After merchants have set up a YedPay account and connected the service, they can use Visa, Mastercard, BoC Pay, UnionPay, Alipay and WeChat Pay, six payment transfer tools. Plus, the handling fee is only 1.9% at the least! In addition, YedPay charges no extra cost for every successful transaction – how convenient and affordable it is!

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Benefits of applying for YedPay

You need only ONE account to manage various payment gateways. Also, YedPay does not charge any extra cost for each successful transaction. The details of the handling fee are as follows:

UnionPay, BoC Pay2.8% of the amount of every successful transaction
Alipay/AlipayHK1.9% of the amount of every successful transaction
WeChat Pay1.9% of the amount of every successful transaction
VISA/Mastercard2.9% of the amount of every successful local transaction
3.5% of the amount of every successful cross-border transaction

What do we need to Prepare before using YedPay?

Merchants need to own the following documents:

  • Valid Certificate of Business Registration (BR), attached with payment record
  • Bank records (Bank statement / ATM card / Cheque / Passbook) of the recent three months, including the Holder name of your personal account, Bank number, Branch number and Account number
  • Hong Kong Identity Card

Besides the above documents, merchants need to sign two other documents with YedPay separately (YedPay will follow up this issue with merchants for more details).


YedPay Activating Tutorial

  1. First, click into “Store Setting” in our Boutir APP, then click on “Payment” and choose “Accept YedPay”
  1. After choosing “Accept YedPay”, you will be redirected to the login page of YedPay merchant account.
  • If the merchant has not registered a YedPay merchant account, the merchant can click on “Register” at the left lower corner, set up an account and fill in the application form.
  • If the merchant has already owned a YedPay merchant account, the merchant can login in at the current page with account number and password, thus connect and activate YedPay. Please skip to Step (6).
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  1. For merchants who have not registered a YedPay merchants account, after clicking on “Register”, you will be redirected to the application form. Merchants then can start filling up the required information.

Remark:

For merchants who apply for the payment service VISA and Mastercard, please make sure that your online store consists of the following items in order to meet application requirements:

  • Main page;
  • Product list and description;
  • Terms and conditions, including name of legal entity, company location, description of the products sold, explanation of whether subscription-based or instant payments occur, and, if applicable, description of third parties that provide the product or service;
  • Shipping/delivery policy; and
  • Refund/return/cancellation policy.
  • Contact Information, including legal entity name, email, and phone number so shoppers can contact the merchant in case of questions and/or issues.
  • Checkout and payment process, review merchant’s checkout process
  1. After merchants have submitted the application form, YedPay will contact merchants for follow-up and collect required information in 5 working days. Once required documents are collected successfully, YedPay will go through the approval process.
  1. Once successfully approved, YedPay will send account information (account number and password) to merchants for logging into the system.
  1. After receiving the YedPay merchant account number and password, merchants can repeat Step (1) & (2) to get to the login page, then log in with account number and password. After logging in, click on “Accept”. After agreed on the authorization, merchants can choose payment methods to be shown on online stores, including:
    1. Alipay
    2. Alipay HK
    3. WeChat Pay
    4. UnionPay, BoC Pay
    5. Visa / Mastercard

Caution: Merchants can only activate qualified payment methods (to be confirmed and informed to merchants by YedPay). If merchants have not been qualified to activate certain payment methods, pages of such payment methods would be unable to open and an error warning would pop out.

  1. After all procedures are done, those activated payment methods will be shown at the front end of your Boutir online store
    1. Alipay
    2. Alipay HK
    3. WeChat Pay
    4. UnionPay, BoC Pay
    5. Visa / Mastercard

Remark:

  1. The system supports WeChat Pay for both the Hong Kong version and the Mainland version (for single payment method); however, the latter is only available for accounts registered with China citizen identity cards.
  2. Merchants have to perform the procedures of registering accounts and activating payment methods within YedPay Official website. And they can only choose to show related payment methods on their online stores through only Boutir APP.
  3. Merchants can check their registration status on Yedpay account portal:
    • For gateways like UnionPay & WeChat Pay, if the status is “activated”, it means the payment methods are ready to use.
    • But this does not apply to any applications for Alipay. Once your application is approved by Yedpay, they will help you register for another review done by Alipay. Please click here to check the status. If the page indicates that the status is activated, it means your application is also approved by Alipay, and the payment method is ready to use.

We understand that everyone comes across difficulties when operating an online store. And you need professional assistance from us. Therefore we have prepared for you the following:

  1. Online Store Set Up Workshop

We empower you to open an exclusive online store, and to be outstanding even under the fierce competitions in the retail market. Build your own online store, and join our 2-hour hands-on workshop now: boutir.com/seminar

  1. 1-on-1 Online Store Set Up Consultation

Not only does our Professional E-commerce Team deal with a variety of problems regarding online store set-up, but we also provide consultations. We’d first get to know your business strategies in great depth, then give advice correspondingly.

Join now: https://www.boutir.com/consultation

Boutir Official Website: www.boutir.com

Contact Boutir Customer Success Team: m.me/boutir.hk

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