What is the difference between third-party payment and fourth party payment?

Sifang pays

What is the fourth party payment , Fourth party payment = Aggregate payment , At the same time, it is also an extension of the third-party payment platform service . It refers to the micro QR code or other payment channels of many Payment institutions , Realization 「 One yard is more 」. In this way, help merchants solve the trouble caused by multiple payment methods , Consumers can choose any payment method , Realize the integration of centralized cashier and bill .

The difference between three parties and four parties

In several ways , The fourth party payment centralizes the interfaces of various third-party payments , In a way , It is a combination of the advantages of various third-party payments , And can formulate personalized solutions according to the actual different needs of merchants . Third party payments are more inclusive 、 convenience 、 Security . The fourth party payment can only be regarded as a payment service integrator , It integrates third-party payment and multiple payment channels , Efficiently upstream and downstream 、 Supplier 、 Channels and other partners provide legal and compliant funds for separate account settlement , Specifically for enterprises to provide capital collection 、 Unified reconciliation 、 Comprehensive solutions for fund management such as account distribution .

However, aggregated payment service providers do not need to obtain licenses , It is not allowed to engage in customer capital settlement business , If it is engaged in or engaged in fund settlement in a disguised form , serious , It constitutes the crime of illegal business , Fund settlement must be completed by a third party with a payment license .

In fact, the security of pure fourth party payment can not be guaranteed , The reason is also because there is no payment license , Capital transactions are not protected by bank supervision . This makes it easy for user funds to be swept away by the fourth party payment platform , Therefore, it would be better to find a fourth party payment company with a third-party payment background