What are the payment and distribution systems?

also called ： Order split 、 Air billing 、 Account system 、 payment + Account + Sub Ledger 、 Account distribution scheme 、 Sub Ledger system, etc .

The essence ： It is the fund transfer based on the account system built by the payment institution for the platform . Payment institutions include third-party payment institutions and commercial banks .

Payment split , In a narrow sense, it means that the payment orders of users are processed separately , Separately settle to different electronic accounts , This electronic account may be owned by a licensed third-party payment institution , It could also be a bank , However, the main account and sub account must be in the same institutional system . Therefore, the premise of payment and distribution is to build a payment account system or bank account system .

But the application of the account system , It's not just about paying for orders , It mainly includes ：

Order split ： The user's order payment amount is distributed to the sub account and the master account ;

Transfer payment ： Transfer balance from the master account to the sub account balance

Entrusted deduction ： The sub account authorizes the platform to deduct money from the sub account , The deducted amount can be divided into the main account and sub account

Account recharge ： The sub account recharges its own payment account balance by binding a bank savings card

Balance payment ： The sub account directly pays the order through the account balance , It also supports order splitting

Withdrawal ： The sub account withdraws the balance to its own bank card ( Public card / Private card )

Marketing accounts ： Payment of platform subsidies , Such as double 11 Red envelopes issued by Taobao platform , Participate in order splitting