Further withdrawals of more than 1,000 Yuan were charged a 0.1% fee with a minimum of 0.1 Yuan per withdrawal.
Other payment functions including red envelopes and transfers were still free.
A month after its launch, We Chat Pay's user base expanded from 30 million to 100 million users, and 20 million red envelopes were distributed during the New Year holiday.
In 2016, 3.2 billion red envelopes were sent over the holiday period, and 409,000 alone were sent at midnight on Chinese New Year.
For example in 2Q 2017 We Chat's revenues from social media advertising were about US$ 0.9 billion (6 billion Yuan) compared to Facebook's total revenues of US$ 9.3 billion, 98% of which were from social media advertising.
We Chat's revenues from its value added services were US$ 5.5 billion.
The friends of the user will only be able to see the likes and comments from other users only if they are in mutual friends group.
Users can acquire a balance by linking their We Chat account to their debit card, or by receiving money from other users.
Users who link their credit card can only make payments to vendors, and cannot use this to top up We Chat balance.
Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app".
Every We Chat user has their own We Chat Payment account.