1. What is payment on behalf of others?
Payment on behalf of others: In simple words, it means paying for others, paying on behalf of others. Don’t think that agent payment is far away from us. In fact, it is right beside us. For example, today I want to buy some snacks on Taobao, but I don’t want to pay for it myself. I want to ask my brother at home to buy it for me. This is agent payment. My brother takes my place. Paying to Taobao also realizes C2B in agency payment!
Official explanation: Agency payment refers to the business in which the paying unit transfers funds to the target account through the agency payment system after providing the bank account information and corresponding funds related to the payment target.
- What are the main payment modes?
Payment agency mainly includes bank agency payment/third-party payment agency payment. The models are basically the same:
Bank agency payment: entrust a commercial bank to use its settlement capabilities to Customers handle payment services for specified amounts.
Third-party payment: Entrust third-party payment to use its aggregated payment and settlement products to solve payment needs for customers.
Agency payment enables enterprises and institutions to make payments from their own corporate settlement accounts to bank accounts set up by cardholders. Withholding and payment solves the problem of public-to-business (B2B) and public-to-private (B2C). ), private-to-business (C2B), private-to-private (C2C) bank fund transfer, and it can also be operated in batches, saving time and worry.
Business-to-business (B2B): remit the amount designated by the merchant to the designated corporate bank account through bank or third-party payment.
For example: The e-commerce company transfers the money received directly to the supplier's corporate account through a bank or a third party.
Business-to-private (B2C): remit the amount specified by the merchant to the designated personal bank account through bank or third-party payment.
For example: The money received from an e-commerce community group purchase is transferred to the individual commission group owner through a bank or a third party.
Private-to-Business (C2B): Remit the personally designated amount to the designated corporate bank account through bank or third-party payment.
For example: small and micro merchants receive payment through a third-party bank or third-party payment company account.
Private-to-private (C2C): remit a personally designated amount to a designated personal bank account through bank or third-party payment.
For example: small and micro merchants receive payment through a bank or a third party to pay the commission to the individual micro merchant! - What are the main application scenarios for payment on behalf of others?
Commonly used agency payments mainly include commodity snacks, wholesale purchasing, credit lending, insurance claims, supplier payments, merchant rebates, member benefits, internal transfers, property water and electricity payments, etc.
Application scenarios in the agency payment industry include: insurance compensation and dividends, tax refunds, salary and benefit payments, member balance withdrawals on Internet platforms, foreign exchange transactions, etc.
The agency payment business mainly includes:
Recharge agency payment: Pay the recharge amount to the bank card designated by the merchant. Such as gas card recharge, phone card recharge, etc.
Withdraw payment: Withdraw the wallet balance to the bank card associated with the merchant. Such as withdrawal of handling fees, withdrawal of business funds, etc.
Transfer payment: transfer account funds to other merchant accounts, such as consumption rebates, supplier settlements, etc.
Agency payment arrival status:
Agency payment platforms are generally divided into three modes: 72-hour payment/real-time payment/seconds payment.
(Note: 72-hour payment means the payment is received within 72 hours after the merchant initiates the payment; real-time payment means the payment is received within 1 hour after the merchant initiates the payment; second payment means the payment is received by the merchant The payment will arrive within 1 minute after initiating the withdrawal.) - What are the advantages of using a third-party payment agent?
Cost advantage
The payment platform reduces the cost for governments, enterprises, and institutions to directly connect to banks, and meets the collection and payment requirements of enterprises focusing on developing online businesses.
Competitive advantages
The third-party payment platform is interest-neutral and avoids business competition with the companies being served.
Innovation Advantages
The personalized services of the third-party payment platform enable it to be customized simultaneously according to the innovative business models based on the market competition and business development of the companies being served. Personalized payment and settlement services.