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
NZD 250 1 day NZD 0.00 0.592 USD
5,919
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
NZD 0 1 day NZD 0.00 0.591 USD
5,913
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.592 USD
5,919
Exclusive offer: $0 transfer fee and discounted exchange rates for all Finder customers.
A higher exchange rate applies to non-finder customers. Send money in more than 60 currencies.
Go to site Show details
NZD 250 1 day NZD 0.00 0.592 USD
5,919
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
NZD 1 Within an hour NZD 3.99 0.591 USD
5,908
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 250 1 - 2 days NZD 15.00 0.592 USD
5,910
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
NZD 1 1 - 2 days NZD 80.00 0.594 USD
5,895
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.59 USD
5,896
Special offer: Zero fees on your first 10 transfers.
Get 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 0.59 USD
5,895
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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