It is not recommended to use Meituan monthly payment because the limit is not high.
Meituan’s monthly payment limit is very low, and most users apply for a very low limit, which can only be used to order takeout or buy things from Meituan. Meituan Monthly Payment can only be paid online on the Meituan APP. It cannot be paid with QR codes or consumed in stores. The application scenarios are very limited.
The use of Meituan Monthly Payment is limited. Currently, Meituan Monthly Payment can only be paid online on the Meituan APP. It cannot be paid by scanning the QR code, nor can it be consumed in physical stores. However, in North China, you can pay online, scan the QR code to pay, Quick Pass etc. North China supports installment repayment, minimum repayment, and deferred repayment. Meituan has no minimum repayment for monthly repayment.
When you activate Meituan Monthly Payment, you don’t need to check your credit report. There will be no inquiry record of loan approval on your credit report. If you accidentally overdue it, it will not affect your personal credit report. There is no risk in opening it. of. However, when opening, you also need to authorize the service provider to obtain some personal privacy information.
Features of Meituan Monthly Payment
Meituan Monthly Payment is a credit payment product of Meituan Finance. Users who have activated Meituan Monthly Pay can first use the credit limit granted by Meituan Monthly Pay when making purchases on Meituan Apps, whether it is group food, ordering takeout, staying in a hotel, traveling, riding a bike, taking a taxi, or buying groceries. Payment will be made uniformly on the 8th of the next month, with a maximum interest-free period of 38 days.
According to Meituan’s official data, Meituan Monthly Payment, as a consumer financial tool, has a significant driving effect on local life consumption: after users activate Meituan Monthly Payment, local life categories such as catering, leisure and entertainment, etc. The average consumption order volume increased by more than 20%, and the average transaction amount increased by more than 15%.
If consumers want to use Meituan Monthly Payment, they can apply for activation through the "Wallet" portal in the Meituan App and click "Monthly Payment". After activation, if you don’t want to use it, you can close it at any time in the Meituan App. This service is mainly used in apps such as Meituan, Meituan Takeout, Meituan Grocery, and Meituan Bicycle.
When Meituan Takeout members activate the "Enjoy now, pay later" service, they will also be activated for Meituan Monthly Payment to realize payment after service. Meituan customer service said that users can enjoy Meituan’s exclusive membership rights first, and the membership will expire.
For the above content, please refer to Baidu Encyclopedia—Meituan Monthly Payment