WeChat withdrawals no longer free

March 1 penned for D-Day as Swiss bank accounts lick collective lips

It's over, you guys. It was too good to be true and now it's over: WeChat withdrawals will no longer be free. Damn it. Damn it. Just when you think you know a company worth 200 billion USD, they go and do you like that. Just like that.

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Damn.

Here's how it works (it's actually not that bad).

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From March 1, everyone can withdraw a max of 1,000RMB from their balance for free.

After that, you're looking at a fee of 0.1 percent on each withdrawal, with a minimum fee of 0.1RMB.

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Basically it means get your money out of there for free while you still can.

Let's calculate:

You've got, what, say 3,000RMB in your WeChat wallet because that's how you do. March 1 rolls around and you transfer 1,000RMB to your bank card. What happens? Nothing happens.

BUT!

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Sorry. But you're not done, so you withdraw another 1,000RMB. What happens then? 0.1 percent fee kicks in and you are charged 1RMB.

Is it that big a deal? Well, kind of. Nobody wants to be charged money to use their money. Will it lead to a bigger deal down the track? Who knows.

Sorry for the bad news.
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