Domestic Wire Transfer is an electronic transfer of funds to a domestic receiving account using Alibaba.com’s remittance channel partners with local currency instead of wiring funds to an overseas bank.
Key benefits compared with International Wire Transfer
BenefitsDomestic Wire TransferInternational Wire Transfer
Transaction fee
Lower
Usually 5 local currency or less for each transaction.
Ranges between USD 20-80 for each transaction. Depending on the payment amount and policy of the remitting bank
Processing time
Faster
1-2 business days
3-7 business days
Fixed exchange rateLocked exchange rate for 7 days at the first time of viewing account informationNot Supported
Transfer limit and channel partners
Region#Remittance currency(only)Remittance channel#
The U.S.A.
USD
Automated Clearing House (ACH)
Wire Transfer
Canada
CAD
Automated Clearing House (ACH)
Wire Transfer
Australia
AUD
Automated Clearing House (ACH)
Wire Transfer
The United Kingdom
GBP
Faster Payments (FPS)
Clearing House Automated Payment (CHAPS)
Europe*
EUR
Single Euro Payments Area (SEPA)
New Zealand
NZD
Automated Clearing House (ACH)
Japan
JPY
Foreign Exchange Yen Clearing System(FXYCS)
Region#
The United States of America, Canada, Australia, The United Kingdom, Europe(including: Aland Islands, Austria, Azores, Belgium, Bulgaria, Canary Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Madeira, Malta, Martinique, Mayotte, Monaco, Netherlands, Norway, Poland, Portugal, Reunion, Romania, Saint Barthelemy, Saint Martin (French part), Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia, Spain, Sweden, and Switzerland)
Remittance channel#
Please use the recommended remittance channels and currency when wiring fund
How to pay using Domestic Transfer?
1
2
3
4
Access the payment platform through
Option 1: "All Orders" Page
Find the order you would like to pay for and click "Make payment"
Option 2: Order details page
Click “Make payment”
Option 3: Payment links
Get directed to your order when your suppliers shares a link in Message Center
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