Douyin payment has been officially launched in Douyin APP. In addition to Alipay and WeChat Pay, Douyin App has added another "Douyin payment" entrance.

To use Douyin payment to pay, users need to first undergo real-name authentication, enter information such as name and ID number, and then bind the card. After completion, you can use Douyin payment to make payments. At present, Douyin payment can support account binding of ten bank cards including Agricultural Bank of China, China Construction Bank, Bank of China, China Merchants Bank, Postal Savings Bank, and Bank of Communications.

If a user has no transaction record for 6 months after opening Douyin payment, Douyin payment will be suspended, and identity information will be required to be re-verified when using it again.

Douyin payment currently implements a free policy, and users are free of charge for recharge, withdrawal, transfer and other operations. However, the payment service agreement mentions that the possibility of adjusting the service fee charging standards in the future is not ruled out.

The above is an introduction to the method of opening a Douyin payment account, I hope it will be helpful to everyone.