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The development and characteristics of the "payment" stage

The development and characteristics of the "payment" stage

Payment is an important part of contemporary business activities, and with the development of the Internet, payment has become more and more prominent in its importance.

The common Internet changes are e-commerce, advertising, games, value-added services, data realization, we know more aboutbest payment gateway e-commerce (Taobao, Jingdong, etc.), games (King of glory, hand game eat chicken skin shopping, etc.), value-added services (video membership rights, etc.), are inseparable from the payment.

Internet economy is the development of the Internet in recent years began to appear a statement, is the Internet to traditional industries to empower a performance, of which payment is an important stage.

I recently began to touch the payment business, from the beginning of even the information flow, cash flow are indistinguishable, to now gradually learn, slowly figure out, will also from time to time upgrade their expertise learned in connection with third-party payment platforms and their banking systems.

People's history, from the initial barter, to the later development of the exchange of value in the medium of credit coins, and then to the prevalence of virtual currency today, are inseparable from a keyword, that is, payment.

"Payment, also known as input, givenrapid 3d prototyping to, often refers to payment, is a financial exchange that occurs between consumers and operators, is the process of transfer of credit currency claims caused by social and economic activities. Payment contains buying and selling, settlement and liquidation."

WeChat and Alipay, as we all know them, are the two third-party payment organizations with the largest market share in the C-suite at present. Perhaps you may wonder why they are called third party? And is there a first party, a second party or even a fourth party? Today first send you to master these concepts.

The division of the first, second, third and fourth party payments, in fact, are essentially inseparable from the 2 roles, the input side of the asset (commonly the customer) and the revenue side of the asset (commonly the store), the essence of the payment is the migration of the credit debt. With the development of productivity, banks (also known as money changers in ancient times) slowly emerged, and then with the development of the Internet, the so-called third party and fourth party emerged.

First-party payment

First-party payment, also known as cash settlement, in essence means payment in credit money, which is the oldest form of payment.

It is the oldest form of payment. It is generally a barter process from the buyer to the store, using credit as the medium of exchange.

The whole process is done by the customer himself putting in the credit money (often embodied as cash) and the merchant to complete the barter, because the credit money is only a kind of general equivalent, so some people also regard the initial barter as the first party payment.

In modern society, where commerce is more frequent and involves huge amounts of money, credit payments have long since receded from the stage of commercial transactions, and its "presence" will become weaker and weaker.

The current cash settlement scenario is generally focused on the livelihood of everyone, characterized by high frequency and small amounts. Although with the development of mobile payment, cash settlement has slowly been diluted, but cash settlement for a country's economic system still has a key effect, China has also made it clear that cash can not be rejected, it will be done as an auxiliary way of other payment methods continue to exist, please in some places alone to complete the burden of payment.

Second party payment

Second-party payment is a payment made with the help of a bank, which in ancient times was called a money changer.

The principle of payment is that you yourself, through the bank to complete the process of payment, similar to a bank promissory note a form of payment.

In contrast to the first-party payment, the second-party payment has one more key player, which is the bank, and it is simple for the customer to apply the bank to complete the payment process according to the transfer.

For example: you transfer 100 yuancontainer to the account set up by merchant B in Agricultural Bank according to the ATM of CCB, you can cognize that means the construction bank card withheld 100 yuan, and the agricultural bank card of merchant B has 100 yuan more, naturally this is just a simple information flow, behind the cash flow relies on the settlement system of the central bank.

Third party payment

Third-party payment is a non-financial organization with certain strength and credibility to ensure that the heart, with their advantages in communication, computer and network security technology level, contract with various banks to establish a connection between the customer and the bank's electronic payment system to provide payment intermediaries for collection and payment.

Most of the third-party payment platforms cover most of the mainstream banks in the market, and as long as the customer has an account with the corresponding bank, he or she can make payments online through that bank, which is very convenient for the user.

Third-party payments are a form of payment now known as "mobile payments".

In a sale under a third-party payment platform, the buyer purchases the product, makes a loan payment using the account provided by the third-party platform, and the third-party notifies the merchant of the arrival of the payment and the shipment; after the buyer detects the object, he is able to notify the payment to the merchant, and the third-party then transfers the payment to the merchant's account.


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