What are the basic conditions for the establishment of a third-party payment interface company?
Third-party payment refers to a method in which independent intermediaries provide payment services to buyers and sellers to realize fund transfer and settlement during commercial transactions. Simply put, it uses a third-party payment platform as a bridge for transactions to transfer money from buyers to sellers and complete transactions conveniently and quickly.
Common third-party payment platforms include Alipay, WeChat Pay, UnionPay Payment, financial payment, etc. These platforms usually provide various payment methods, such as bank card payment, balance payment, code scanning payment, etc. Users can choose the appropriate payment method to complete the transaction according to their needs. At the same time, the third-party payment platform also provides account management, fund inquiry, transfer and withdrawal services to facilitate users to manage funds.
For merchants, using third-party payment platforms can improve transaction efficiency and security. Through third-party payment platforms, merchants can accept payments through different payment channels, avoiding the cumbersome process of separately contacting multiple banks. At the same time, third-party payment platforms can also provide risk control services to help merchants reduce payment risks.
For consumers, using a third-party payment platform can quickly and easily complete transactions and enjoy various discounts and services provided by the platform. For example, Alipay red envelopes, WeChat payment coupons, etc.
To apply for third-party payment, you need to meet the following conditions:
1. Have independent legal personality and business location;
2. Have a complete management system and business operating procedures;
3. Have reliable technical equipment and safety guarantee system;
4. Have sufficient capital strength and risk management capabilities.
On the basis of meeting the above conditions, an application needs to be submitted to the People's Bank of China or the China Banking Regulatory Commission and other relevant departments in accordance with relevant procedures. Third-party payment business can only be carried out after approval. During the application process, you need to provide relevant information and certificates such as business license, tax registration certificate, and security plan.
It should be noted that the application and management of third-party payment platforms are restricted and regulated by relevant laws and regulations. Unapproved illegal third-party payment platforms may be risky and illegal. Consumers and businesses need to pay attention to relevant qualifications and legality when choosing a payment platform.
However, in just a few years, the number of approved payment institutions has dropped from more than 270 in 2016 to less than 200. As problems in the third-party payment industry gradually come to light, the central bank's license issuance has gradually tightened.
The central bank stated that in the next stage, the central bank will no longer approve new institutions in principle; it will focus on standardized guidance and risk resolution of existing institutions, with the bottom line of preventing systemic and regional risks; it will improve the regulatory system, strengthen regulatory means, and strengthen special governance and law enforcement. Further improve the effectiveness of supervision.