This topic describes optional, free services that you may need to activate at a buyer's request during the quotation process. These services can be activated as needed.
Rongyishou and Shoupiaoyi accounts
Notice to all Enterprise Procurement members: We are adjusting the Rongyishou and Shoupiaoyi services to improve their features and meet MYbank business requirements. To avoid service interruptions, you must complete the required upgrades before the specified deadlines. Thank you for your cooperation.
Rongyishou service: To use the online corporate transfer service, you must complete the required service upgrade by March 31, 2022. Refer to the table below for details. Note: If you do not complete the service upgrade by March 31, 2022, the Rongyishou service cannot receive online payments. The service will resume after the upgrade is complete.
Rongyishou activated |
MYbank corporate settlement account |
Required action |
Yes |
Yes |
No action required |
Yes |
No |
Activate a MYbank corporate settlement account. For the procedure, see Rongyishou is activated, but a corporate settlement account is needed. |
No |
No |
Activate Rongyishou and a MYbank corporate settlement account. For the procedure, see Rongyishou is not activated, and the online corporate transfer feature is needed. |
Shoupiaoyi service: To use the electronic acceptance bill service, you must complete the required service upgrade by April 15, 2022. Refer to the table below for details. Note: If you do not complete the service upgrade by April 15, 2022, the Shoupiaoyi service will be paused and bills will be returned to the payer. The service will resume after the upgrade is complete.
Is Rongyishou activated? |
Is Shoupiaoyi activated? |
Required action |
Yes |
No |
|
No |
Yes |
|
No |
No |
|
Yes |
Yes |
|
Check Rongyishou activation status
If you do not need to activate Rongyishou, you can skip this step.
Log on to Cloud Business Opportunities. In the Transaction Method Management section, click MYbank Rongyishou to open the Rongyishou page (Click here to go to the page>>). If the following page appears, you have not activated Rongyishou. Follow the procedure in Rongyishou is not activated, and the online corporate transfer feature is needed.
If the following page appears, you have activated Rongyishou. Click Change Receiving Account.
You are redirected to the MYbank page. Click Corporate Settlement Account. If your page looks like the one below, follow the procedure in Rongyishou is activated, but a corporate settlement account is needed.
If your page looks like the one below, you have activated a MYbank corporate settlement account. Follow the procedure in Rongyishou and a corporate settlement account are activated.
Activate Rongyishou (Follow the procedure that applies to your situation)
Rongyishou is not activated, and the online corporate transfer feature is needed
If you do not need corporate transfers, you do not need to activate Rongyishou.
After you complete identity verification, go to this website and click the blue Activate Now button.
On the MYbank Rongyishou page, select the checkbox to agree to the protocol and click Request Activation. The legal representative must then scan the QR code.
After scanning the code, click Open Account Now and confirm the protocol. The legal representative must then complete a facial scan.
Confirm the corporate information, enter the account opening permit number, and submit the account opening request.
After the request is submitted, the review result is sent by text message within 72 hours, as shown in the following figure.
After the MYbank corporate account is successfully activated, return to the Rongyishou page (Click here to go to the page>>) and click Change Receiving Account.
Click Account Information (Update Certificate), select the corporate account information to attach, and click the pen icon.
On the Change Attached Account page, set the receiving account type to MYbank Corporate Account, and then attach the account and complete the transfer verification.
Note: The verification funds are transferred to the successfully activated MYbank corporate account. After your account receives the funds, enter the transfer amount on the page.
Note: If you are not a general taxpayer (which means you cannot issue special VAT invoices with a tax rate of 6% or higher) and you are an offline supplier for a large enterprise, contact the relevant large enterprise buyer. Provide your 1688 account name to the buyer to be added to their qualified supplier list for activation. If you are not on a large buyer's qualified supplier list and are a small-scale taxpayer, call 95188 and dial 3 for activation assistance.
Rongyishou is activated, but a corporate settlement account is needed
Go to the Rongyishou page (Click here to go to the page>>) and click Change Receiving Account.
Click Corporate Settlement Account and use the legal representative's Alipay account to scan the QR code.
After scanning the code, click Open Account Now and confirm the protocol. The legal representative must then complete a facial scan.
Confirm the corporate information, enter the account opening permit number, and submit the account opening request.
After the request is submitted, the review result is sent by text message within 72 hours, as shown in the following figure.
Rongyishou and a corporate settlement account are activated
If you have already activated Rongyishou and a corporate settlement account, go to the Rongyishou page (Click here to go to the page>>) and click Change Receiving Account.
Click Account Information (Update Certificate), select the corporate account information to attach, and click the pen icon.
On the Change Attached Account page, set the receiving account type to MYbank Corporate Account, and then attach the account and complete the transfer verification.
Activate Shoupiaoyi (Follow the procedure that applies to your situation)
Shoupiaoyi is not activated, and electronic acceptance bills are needed
Before you activate Shoupiaoyi, confirm that you have activated Rongyishou and a corporate settlement account. For more information, see the Check Rongyishou activation status section. If they are not activated, follow the procedure in Rongyishou is not activated, and the online corporate transfer feature is needed. After you confirm that Rongyishou is activated, follow these steps to activate Shoupiaoyi.
In the Transaction Management section of Cloud Business Opportunities, click MYbank Shoupiaoyi, or click here to go directly to the page.
Click Enable Shoupiaoyi.
If your business registration number is 15 digits long, use the information on your Organization Code Certificate. Upload the "Account Opening Permit" and "Organization Code Certificate" files as prompted. The file size must not exceed 5 MB. Because some provinces and cities no longer issue "Account Opening Permits", you can upload your "Basic Deposit Account Information" certificate instead. Select the checkbox to agree to the protocol, and then click Next.
If your business registration number is 18 digits long, upload the "Account Opening Permit" file as prompted. The file size must not exceed 5 MB. Because some provinces and cities no longer issue "Account Opening Permits", you can upload your "Basic Deposit Account Information" certificate instead. Select the checkbox to agree to the protocol, and then click Next.
After you submit the request, the following page appears. The review process takes up to three business days. Requests submitted before 16:00 are typically reviewed on the same day. Requests submitted after 16:00 are typically reviewed on the next business day.
After the review is approved, the activation is complete.
Shoupiaoyi is activated, but a corporate settlement account is needed
If you have activated Shoupiaoyi, follow the procedures in Rongyishou is activated, but a corporate settlement account is needed and Rongyishou and a corporate settlement account are activated to activate and attach a corporate settlement account. This completes the Shoupiaoyi account upgrade.
Contact us
If you have any questions, call 95188 and dial 3 to contact MYbank.
Billing cycle transactions
After you have onboarded as an enterprise procurement merchant, go to the Cloud Business Opportunities page. Click Sales Management > Transaction Method Management > Billing Cycle Transaction. Log on with your 1688 account credentials to open the service activation page, or click here to go to the page to activate billing cycle payments.
If the Activate Now button is grayed out and cannot be clicked, ensure that you have joined the enterprise procurement program. After joining, return to this page, select the checkbox for the 1688 Billing Cycle Transaction Protocol, and click Activate Now.
After activation, click Billing Cycle Transaction Authorization. You must know the buyer's 1688 root account. Enter the member name to search. As the seller, you can manage the credit line as needed. We recommend that you set it to the total order amount for one settlement period with the buyer. The maximum credit line is CNY 200 million. Select a settlement date and click "Confirm Authorization" to complete the setup. Note: A billing cycle authorization is similar to a credit card. Your total credit line should be slightly higher than the total value of orders that a buyer places with you in a single payment period.
Yunqifu
Log on to Cloud Business Opportunities. In the Transaction Method Management section, click Yunqifu and authorize your 1688 account to log on.
Use your 1688 account for quick access.
Click Account Management to open the activation and attachment page. Click Add Account to attach a receiving account.
Enter the basic information, confirm that it is correct, and click Next.
To activate the service, read and agree to the protocol. Enter the identity information for the handler and legal representative, the text message verification code, and the information from your business license and beneficiary. Then, click Next.
On the transfer verification page, click Get Verification Amount. XW Bank automatically triggers a transfer verification. Log on to your corporate online banking or mobile banking for the receiving account and check the transfer-in amount. The remark or summary field usually contains "account verification funds". Return to the transfer verification page, enter the amount in the "Account Transfer Verification (CNY)" field, and click Verify. The bank's back-end system then reviews the transfer verification. After approval, XW Bank sends identity verification text messages to the handler and then to the legal representative. The handler must click the link in the text message to complete a facial scan. The legal representative must enter the verification code from their text message into the "Text Message Verification Code" field and click Submit.
After the text message verification code is approved, the attached receiving account is displayed on the Account Management home page, which indicates that Yunqifu has been successfully activated.
General taxpayer certification
Confirm whether you are a general taxpayer, which means you can issue value-added tax (VAT) invoices. If you are a small-scale taxpayer or use a proxy to issue invoices, you do not need to complete general taxpayer certification. If a buyer requests a special VAT invoice in a request for quotation, you cannot quote on that request.
On the Cloud Business Opportunities page, click More > My > My Profile to open the following interface, or click here to go directly to the page>>. In the business information section, check your invoicing capability. If you can issue general VAT invoices and special VAT invoices (any issuer), you can select them directly. If you are qualified to issue special VAT invoices (issued by a general taxpayer), click that item to open the certification page.
You can choose online verification or manual review. If you choose online verification, enter the invoice information and click Upload Now. The system reviews it automatically.
For online verification, prepare a "special VAT invoice with a tax rate of 6% or higher that is issued by your company". Invoices issued by a tax bureau on your behalf or special invoices from small-scale taxpayers (with a tax rate below 6%) are not approved.
If online verification repeatedly fails, first ensure that you have the "ability to self-issue special VAT invoices" (not issued by a tax bureau on your behalf). If this is correct, select Upload Qualification Certificate to open the following interface. For Certificate Name, enter "General Taxpayer Proof Material". Fill in the required fields marked with a red asterisk, click Upload Now, and wait for manual review.
For manual review, you can upload any one of the following documents as proof of your ability to issue special invoices:
A copy of your tax registration certificate (stamped with the general taxpayer's official seal)
Your business license or three-in-one certificate (stamped with the general taxpayer's official seal)
A special VAT invoice issued by your company (not issued by a tax bureau on your behalf; the supplier should be the "seller" in the lower-left corner)
A screenshot of the query result from the tax bureau's website
A general taxpayer registration form
A general taxpayer certification notice