FAQ
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How much can I remit?
The current Paynny Remittance limit is a minimum of 100 Australian dollars, the highest is 3999 Australian dollars; Paynny has no upper limit on the number and amount of remittances. If you need large remittances, you can split multiple remittances. However, according to the regulations of the Chinese and Australian governments, Payee: According to China’s foreign exchange regulations, Chinese residents can receive up to US$50,000 in remittances per year. And the settlement of RMB into the RMB must also meet the individual annual facilitation quota management requirements.
What payment method can I use to send money?
You can choose Poli Payment to pay the remittance funds (how to use Poli Payment, see below). Click "Submit Order" will automatically jump to the Poli payment interface, Poli pays for the payment experience with you using Alipay, The PayPal payment experience is similar.
How long does it take to send money to China?
After the sender sends the remittance, Paynny will verify the information you submitted in the first time. Please ensure that the information is complete. accurate. After the order is approved, the payee can receive the remittance within a few minutes at the earliest. The sender can click on "The person center "-"remittance record" queries the remittance status to the account.
How does the payee collect money?
After the remitter successfully submits the remittance request, Paynny will transfer the remittance amount to the receiving bank within a few minutes. Card, the remitter will receive a WeChat message from the Paynny Exchange Public Number, and the payee will also receive the Paynny. SMS notifications.
Which banks accept the payment of Paynny?
We support the debit card collection issued by more than 500 mainstream UnionPay banks in mainland China, including the four major state-owned banks. City commercial banks and rural credit cooperatives.
Why do I need to provide my payee's ID card?
The State Administration of Foreign Exchange of China stipulates that the upper limit for domestic individuals to purchase foreign exchange with their ID cards is 50,000 US dollars per year. The payer must provide an ID number for supervision.
Is Paynny safe?
Paynny and its partners have MSO license of Hong Kong Customs and MSB license of THE US government to ensure the legal compliance of each transaction. It has opened remittance business in Australia, New Zealand, Japan, Singapore, Hong Kong and Europe. Hundreds of thousands of remittance orders have been completed with security compliance. In addition, we have world-renowned investment institutions _ Sequoia Capital investment. Sequoia capital invested in apple, alibaba, Google and other well-known companies at home and abroad, They believe that In the future, Paynny will also grow into a national company for cross-border remittance, serving more overseas Chinese!
How does Paynny provide security for my information?
Paynny has always respected and protected user privacy as the cornerstone of the service, and the privacy data submitted by users Encrypted by Norton Secure Site SSL Certificates, it protects your information connection at all times, and Provides a security guarantee of up to $1.5 million. Paynny collects user information in order to keep users away from home. For online remittance, for the best experience, Paynny needs to be protected in terms of compliance, security and speed. certificate.