-Third-party payment is the independent body have a certain strength and credibility of security, the use of contract with the major banks a way to provide payment and settlement system interface with the bank's trading platform network support payment mode.
In the "third party payment" mode, the buyer to buy goods, use third-party platform accounts provided by the purchase price paid by a third party notify the seller payment credited into account, ask the sender; the buyer receives the goods,
After confirmation and inspection of goods, you can notify the third-party payment to the seller, and then transfer the funds third-party sellers account. As the major third-party payment network means of transaction and credit intermediary,
The most important thing is played between online merchants and banks to establish a connection, achieve regulatory and third-party technical support role.
advantage of third-party payment
- in the absence of an effective credit system network trading environment, the introduction of third-party payment mode, to a certain extent, solve the online banking payment transaction the parties can not constraints and supervision, payment is single; and throughout the transaction process, the quality of the goods, transaction integrity, returned requirements, etc. can not be a reliable guarantee; widespread fraudulent transactions and other issues. Its advantage is reflected in the following aspects:
First, the merchant, the payment platform through a third party to avoid the risk of not receiving payment customers, while able to provide customers a variety of payment instruments. In particular it is unable to establish a gateway interface between SMEs and banks to provide a convenient payment platform.
Secondly, customers can not only avoid the risk of not receiving the goods, and the quality of the goods in a certain extent, has also been protected, customer confidence in online transactions.
Third, banks, third-party platform through banks can expand their business scope, but also save a large number of SMEs gateway interface development and maintenance costs.
Visible, third-party payment mode effective protection of the interests of the parties to the transaction, to provide support for the smooth conduct of the entire transaction.
third-party payment process
- party payment mode so that businesses do not see the customer's credit card information. While avoiding the credit card information stolen credit card information network event in several public transport caused to BTOC Case third-party payment transaction mode of communication process is as follows:
(1) customers to buy merchandise on e-commerce sites, and finally decided to buy, buyers and sellers on the Internet deal intention;
(2) the customer the option of using a third party as a medium of exchange, the customer will be paid with a credit card to a designated third party accounts;
Payment platform
(3) Third Party will inform the customer has paid news business, and require businesses to be shipped within the specified time;
(4) Upon receipt of the notification in accordance with merchant shipping orders;
(5) Customers receive goods after notification of third parties and verification;
(6) will be paid on the account of a third party hosting the merchant account, the transaction is completed.
third-party payment Features
- through third party trading platform, after the buyer to buy goods, use third-party platform accounts provided by the purchase price paid by the other party notify the seller payment arrives, be made goods; after buyer inspection items, you can notify the payment to the seller. The emergence of third-party payment platform, in theory, the complete elimination of fraud in electronic transactions, which is by its decision the following characteristics:Means of payment
(1) third-party payment platform of diverse and flexible, users can use the Internet payment, mobile payment, SMS payment and other means to pay.
(2) third-party payment platform not only functional but also funds transfer transaction between the two sides of the constraint and supervision. For example: Alipay buyers can not only draw people's money the seller's account, and if trade disputes, such as the seller does not ship after receipt of order or buyer, the buyer received the goods to find reasons for refusal of payment, the transaction will Alipay investigated and processed on the offending party, basically trading supervision and restraint on both sides.
(3) a third-party payment platform is to provide protection for online transactions independent body. For example: Taobao Alipay, it is equivalent to an independent financial institution, when buyers purchase goods, money is not a direct hit on the seller's bank account but to hit on Alipay's bank account, when the buyer confirms receive the goods and no problem, then the money will notify Alipay beat the seller's account inside Alipay guarantee the smooth progress of the transaction in the transaction process.
Why third-party payment?
- the so-called third-party payment refers to trading buy, the seller outside both parties to set up a neutral payment platform for buyers and sellers to provide payment collection, and payment transaction processes and services.
The main role of the third party payment transaction is to achieve regulatory and technical support through a third party, and to some extent in preventing fraud network transactions.
On the other hand, consumers are automatically charged for the security of distrust, fear on the web with credit card, let alone to the card number is stored on the site, automatic credit card charge, many people prefer a certain amount of pre-stored value, even deceived loss can be controlled in a certain range.
What legal third-party payment risk?
- a, accumulate stored value (payment) payment risk of money management
Management of third-party payment industry after receiving the gift or payment, balance or retention of funds such sums, the sand into the tower, is bound to generate venture capital management. First, since the payment of the funds received by third parties is not considered 'deposit', hence, it is not our "deposit protection", which allows third-party payment fund management is even more urgent. In this regard, the third party to pay special draft law the FSC security guarantees payment of the gift, accepting gift money up to a certain amount should be "deposit reserve" (draft article 19) and make payments on delivery "trust", "compliance ensure that all matters ", etc., payment institutions may not use payments, and payment institutions as bankruptcy proceedings, payment priority should be returned to its members, does not belong to the bankruptcy estate to the real third-party payment industry's collapse risks with gift money balance funds separately (as for service throughout the world the United States PayPal, its membership is to give the gift of gold is up to 10 million dollars of insurance in order to shift the risk). However, the FSC third-party payment method is also designed to open within a certain percentage of gift money, the industry was engaged in the use of low-risk investment.
In addition, third-party payment of the draft special law also explicitly require third-party payment industry must accept the special deposit bank accounts to help manage the operation (Clause 16 and 31), and shall establish an internal control and audit system (clause 30), and in order to avoid total balance receive payment associated with high management (moral) risk will also clear the deposit tube, if necessary, have received capital or a multiple of the net value of the total balance of payments and paid-up on electronic payment mechanism, it is limited (clause 23).
Second, the risk of personal information, account passwords leaked
Without the author emphasized that personal information, account password leakage risk, losses may be caused by its results will be more serious. However, a variety of Internet trading patterns are inevitably face the risk of personal information, account password leak, which is not unique to the third-party payment risk. In view of this, according to the Ministry of Economic Affairs of the Executive Yuan to convene an indication of consumer protection review conference "third-party payment service standard contract should not be recorded and the items mentioned '102 by December, its important contents summarized as follows:
(A) the protection of personal data:
1, the contract shall contain the information security certification standards has been obtained, the industry and consumers should ensure their security of its information systems, to prevent illegal invasion, acquisition, alteration, destruction of personal information of consumers or business records. Third cracked protection industry information system of dispute or exploit the information system, the industry does not exist in respect of the fact that the burden of proof. Damage to third invasion of the industry caused by the information system, the burden on the industry.
2, third-party payment service standard contract shall not restrict the exercise of the rights of personal data (including queries and requests for access, the request made to the copy of the request to add or correct, request to stop the collection, processing or use of, the request "Delete") .
(B) safeguards the interests of consumers:
1, the contract should make consumers aware of the cost of third-party payment services and services.
2, the contract should reveal consumers provide full payment or performance guarantee delivery of all trust.
3, the contract shall express payment error occurs when both responsibilities and provide necessary assistance and treatment.
4, the contract shall be expressed to the consumer to be aware of their account password handling mechanism and the burden of losses after the fraudulent methods are to protect the interests of consumers to be fraudulent when the account password and to prevent further loss.
5, when the consumer disputes, third-party payment industry must not only agreed to it to save the electronic files, evidence of relevant facts as found.
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