Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
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.
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.
- 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.
- 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.
More guides on Finder
Review: PayPal for ecommerce sites
Learn about the pros and cons of using PayPal to convert your online seller profits into New Zealand dollars in this detailed review.
Revolut in New Zealand
Find out if Revolut is right for you with our detailed review. We take you through the features, costs, pros and cons so you’ll know everything you need to know about the card and app.
How to sell products on Amazon
The complete guide to setting up shop on Amazon and making money with the global retail giant.
How do we pick the top money transfer services?
Our top picks are our selection of the best money transfer services, based on our extensive research and market experience. Here’s how we choose them.
The best phones for 2020, tested by our expert editors
We’ve ranked the top 10 smartphones you can buy right now, based on hundreds of hours of hands-on testing.
Review: TransferMate international money transfers
Learn about how TransferMate’s personal product works and what it can do for you.
Western Union vs MoneyGram
To find the best rate for your next money transfer, check out our comparison of the fees, exchange rates and transfer speeds of Western Union and MoneyGram.
We’ve unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
Air New Zealand promo codes and sales for July 2021
Get the lowest fares to New Zealand and more destinations with these Air New Zealand promo codes.
Review: Send international money transfers
If you’re thinking of transferring money overseas with Send, make sure you check out our review of its exchange rates, fees and transfer speed first.
Ask an Expert