Alipay sends SMS to repay in full.

It can be negotiated. If negotiation fails, you may be sued. It is recommended to repay the loan as soon as possible. Bai Hua can repay the loan in installments.

Alipay's failure to repay on time mainly has the following effects:

1, the installment function cannot be used when purchasing Tmall installment products; If the circumstances are serious, the right to use Tmall installment and related consumer credit products will even be permanently closed, and even the flower garden will be closed by the system; Ant flower buds have their own credit system. If it is overdue, the data will be recorded in Sesame Credit.

2. Once the sesame credit is abnormal, it may have a bad influence on your personal credit products, and it may be affected if you want to make other online loans or apply for a credit card in the future; The overdue penalty is charged at 0.05% of your repayment amount on the same day. The specific formula is: overdue interest = current unpaid amount × 0.05% × overdue days. If it is overdue, it will reduce personal credit, interest will be overdue, and malicious breach of contract will face prosecution.

1. AliPay (China) Network Technology Co., Ltd. was established in 2004. Is a domestic third-party payment platform, and is committed to providing "simple, safe, fast and convenient" payment solutions for enterprises and individuals. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It owns two independent brands, Alipay and Alipay Wallet. Since the second quarter of 20 14, it has become the largest mobile payment manufacturer in the world. Alipay has established strategic cooperative relations with more than 80 banks at home and abroad, as well as institutions such as VISA and MasterCard, and has become the most trusted partner of financial institutions in the field of electronic payment.

2. In February 2020, Bank of Nepal issued a license to Alipay. In July, Alipay was selected into the list of excellent programs for blockchain warfare "epidemic". On June+10, 5438, Alipay launched the "late payment fee" function. 202165438+February, Alipay and China UnionPay realized the mutual recognition of national payment scanning code. Alipay borrowed it and changed it into a credit loan. On February 2nd, 65438 Alipay announced that in 2020, Alipay and China UnionPay started close communication and exploration based on bar code interconnection business, and realized mutual recognition of payment codes in Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu, Chongqing, Xi 'an and other cities.