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Can I send money over WeChat?

What started as an IM service now lets you pay for anything from your dry-cleaning bill to your groceries.

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WeChat’s wallet feature is a quick and easy way to split a dinner bill, pay a friend back or shop without a physical wallet. If you already use WeChat for messaging and you’re registered in China, South Africa or Hong Kong, using it to send money is easy.

What is WeChat?

WeChat – locally known as 微信 or Weixin – is a social media app that’s become one of the most widely used in China. Because it’s governed by China’s strong censorship laws and messaging interception rules, the government can potentially review your messages and other data at any time. Given this, it’s no surprise that WeChat’s had a difficult time catching on internationally.

Can I use WeChat Wallet in New Zealand?

While WeChat is available around the world, WeChat Wallet is only available for those who have a bank account in China, Hong Kong or South Africa. If you do, you’ll be able to use WeChat Wallet in New Zealand.

At the start of 2018, WeChat Pay launched. This feature lets tourists, expats or international students pay at certain stores in New Zealand. You can see if your local grocery store offers it by looking for the logo.

How do I request and send money with WeChat Wallet?

What happens when someone sends me money?

The money you’re sent on WeChat is automatically transferred into your WeChat Wallet — meaning you don’t accept or deny payment. By reviewing your balance you can view and manage how much money is in your WeChat account.

Are there restrictions for sending money with WeChat?

Yes. WeChat is not legally allowed to process international money transfers. Be aware that only wallets specific to the areas supported by WeChat — China, Hong Kong and South Africa — can send accessible money between each other.

What this is means is that if you’re trying to send money from your wallet in China to someone in South Africa, the money will be sent, but now the recipient in South Africa will also have a Chinese wallet. Unless the user from South Africa heads to China, the money will be useless.

Is sending money over WeChat Wallet safe?

WeChat encrypts your personal information, financial details and monetary transactions. However, WeChat doesn’t provide much information on other digital safeguards.

Because WeChat Wallet is based in China, it isn’t required to comply with New Zealand security standards. Keep in mind that the Chinese government monitors all social media devices, including WeChat. So it’s safe from hackers, but no transaction is completely private.

Pros

  • Free service. Unlike PayPal, which makes money through a percentage of your transaction, WeChat’s developer Tencent makes money selling other products. While WeChat Wallet is another way for Tencent to sell its products, the service is free to use.

Cons:

  • Service limited to certain countries. To use WeChat Wallet, your account must be registered in mainland China, South Africa or Hong Kong.
  • Potential for government prying. WeChat is governed by China’s laws that allow the government to monitor your messages and personal info.
  • No specified delivery. WeChat doesn’t advertise how long it takes for transfers to complete, which means you may need to look elsewhere for emergencies.

Are there other ways I can send money overseas?

While WeChat doesn’t have the ability yet to make an international money transfer, there are other providers that can. Learn more about them below. If you’d like the convenience of a mobile app, check out our review on some of the most popular money transfer apps.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 250 1 - 2 days NZD 0.00 0.697 USD
6,972
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
NZD 250 1 day NZD 0.00 0.697 USD
6,972
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
NZD 0 Same day NZD 0.00 0.696 USD
6,965
XE has fast transfers with competitive rates and a range of foreign currency tools. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.697 USD
6,972
Exclusive offer: Discounted exchange rates for all Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
NZD 250 1 day NZD 0.00 0.697 USD
6,972
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
NZD 1 Within an hour NZD 3.99 0.696 USD
6,959
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
NZD 1 1 - 2 days NZD 80.00 0.7 USD
6,944
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.695 USD
6,945
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
NZD 10,000 1 - 2 days NZD 0.00 0.694 USD
6,944
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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