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Second, third-party payment platforms provide a series of application interface programs that integrate various bank card payment methods into one interface, responsible for transaction settlement and interfacing with banks, making online shopping faster and more convenient.
Consumers and merchants do not need to open different accounts in different banks, which can help consumers to reduce the cost of online shopping and enterprises to reduce operating costs, but also help banks to save gateway development costs and bring profits to the bank.
SSL is a widely used security protocol in which only the identity of the merchant needs to be verified.
SET protocol is a proven technology based on credit card payment system. However, in SET, the identity of each party needs to be authenticated by CA, which is cumbersome, complicated, slow and costly.
With the third-party payment website platform, the negotiation between merchants and customers is completed by the third party, making online transactions easier.
Third, the third-party payment platform itself is attached to a large portal, and the credit of the partner bank is the credit support. Therefore, the third-party payment website platform can better break through the credit problem in network transactions, which is conducive to promoting the rapid development of e-commerce.
The selection of the third-party payment platform is based on the following points
1. With a payment license issued by the Central Bank
2. The pilot qualification of cross-border settlement business (cross-border settlement) by the Foreign Exchange Bureau
3. The company will set up offices in major cities in China and abroad (convenient)
4. Support PC payment, mobile payment, electronic money wallet, etc.