What is the difference between Douyin Monthly Payment and Douyin Payment? As a music and creative short video social software, Douyin can be said to be the most popular APP among young people today for leisure and entertainment. In addition to listening to songs and watching videos, creating and publishing videos, it also provides credit services, third-party payment services, etc. Its products include Douyin Monthly Payment, Douyin Payment, etc. So, what is the difference between Douyin monthly payment and Douyin payment?
The differences between Douyin Monthly Payment and Douyin Payment are as follows:
1. Different product properties
Douyin Monthly Payment is an online consumer financial service that provides "consumption first, repayment later" to qualified Douyin users; Douyin Pay is a payment product under Douyin.
2. Different payment methods
Douyin monthly payment can currently be used when purchasing DOU+ in Douyin APP, purchasing goods in Douyin Mall, and recharging mobile phone bills (other usage scenarios are being opened gradually). There are restrictions on use. The account status is required to be normal and there is no overdue record. The product/merchant supports Douyin monthly payment (if it is installment payment, the single order amount of the product must be greater than or equal to 10 yuan).
Douyin payment is used when purchasing goods or services in the Douyin application by binding a bank card. The links that need to use the "payment" function in Douyin mainly include anchor tips, paid live broadcasts, and placing orders with goods.
3. Different sources of funds
Douyin's monthly payment will provide a credit limit after a comprehensive evaluation by the system. Currently, the maximum open limit that can be applied for is 30,000. As for Douyin payment, the user's own money stored in the bank card is used.
4. Different repayment methods
Douyin monthly payment can be repaid at any time, and it also supports installment payment on 3/6/12. The billing dates currently include three dates: the 1st, 10th, and 15th of each month. The billing date plus 5 days is the repayment date. Since Douyin Pay uses its own funds for consumption, there is no need to consider repayment issues.
5. Application conditions are different
Douyin Monthly Payment currently adopts an invitation system. Chinese citizens (non-school students) with good credit and fixed income can try to apply. The specific credit results will be given by the system's comprehensive evaluation. As for Douyin payment, you can apply for it after opening a Douyin account and completing real-name authentication.
What are the conditions for Douyin monthly payment activation?