What functions can a third-party payment platform payment gateway accomplish

What functions can a third-party payment platform payment gateway accomplish

An online APP payment gateway is a financial transaction between a buyer and a seller based on the Internet and using a digital financial instrument supported by a bank.

The process of online monetary payment, cash flow, fund clearing and inquiry statistics between buyers and financial institutions and merchants provides financial support for e-commerce services.

Payments made through third-party online payment platforms are non-banking institutions providing small amount electronic fund transfer services on the Internet, payment platforms providing interfaces to bank payment settlement systems

and channel services or virtual accounts that meet customers' payment needs. The online payment services provided by various payment platforms are generally divided into payment channel service mode and payment platform account service mode.

Payment channel service mode

The payment gateway is a secure interface between the Internet public network platform and the bank's internal financial assets dedicated network media platform users.

Under this social service working model, the payment gateway only serves as a payment channel to pass payment instructions from customers to banks.

The bank transmits such information to the payment platform after completing the transfer, and the payment platform notifies the merchant of this information and settles the merchant's personal account in a timely manner.


Related Hot Topic

Can I make a living by phone?

To make money from your smartphone, you can open an online store. The majority of tasks, including accepting orders, shipping goods, etc., may be completed using a phone. You may upload your products to any e-commerce website and design the storefront on your phone.

Payment apps: are they hackable?

A comparable proportion (11%) of those who have ever used PayPal, Venmo, Zelle, or Cash App claim to have paid money to someone only to discover later that it was a scam.

Describe the free payment gateway.

120+ different payment choices are available to your consumers when they use the PayKun payment gateway checkout. They can pay using their preferred method, including QR codes, UPI, mobile wallets, all major credit and debit cards, net banking, and EMI.

FEATURED HEALTH TOPICS

Exploring the Pathology of Dermatofibromas: A Deep Dive into Benign Skin Tumors

Looking for the dermatofibroma dermoscopy? View our catalog to find the right dermatoscope cost ; dermoscopy actinic keratosis, and more.Dermatofibromas, often ...

Savoring Health: Diabetes-Friendly Chinese Cuisine

Living with diabetes doesn t mean you have to forgo the rich flavors of Chinese cuisine. In fact, with an understanding of carbohydrate content and mindful eati...

Sialic Acid: A Pivotal Component in the Glycobiology Universe

N-acetylneuraminic acid (sialic acid) is a monosaccharide that is abundant on vertebrate glycoproteins, glycolipids, and milk oligosaccharides. It has a range o...

The Nutrient Showdown: Algae Oil vs. Fish Oil for Omega-3 Intake

Omega-3 fatty acids are integral for our daily nutritional requirements, and while fish oil supplements have long been the go-to source,algae oil powder supplie...

The Benefits of a Well-Structured Website for SEO

In the intricate world of SEO, a well-structured website is as vital as the content it hosts. This seo summary outlines the benefits of a well-organized site an...

Is it possible to utilize my iPhone as a device to amplify sound for hearing purposes?

Is it possible to utilize my iPhone as a device to amplify sound for hearing purposes?Utilizing the Live Listen feature, your iPhone, iPad, or iPod touch transf...

How do you recognize if a presenter is not effective?

How do you recognize if a presenter is not effective?How can I recognize a defective speaker and what does it typically sound like? You ll definitely be aware o...

What does PA stand for in the context of sound?

What does PA stand for in the context of sound?Public announcement setups, commonly referred to as PA systems, are uniquely crafted combinations of mixers, ampl...

What exactly is DHA, and do babies need to supplement it? You will understand after reading this

Speaking of DHA, parents should be familiar with it. Many milk powders in supermarkets will be marked on the outer packaging: rich in DHA. Many advertisements a...

Is it advisable to utilize a static IP or a dynamic IP?

Is it advisable to utilize a static IP or a dynamic IP?A fixed IP address serves as a superior choice for businesses operating websites and internet-based servi...