What are the risks of aggregating payments? Are aggregate payments legitimate

In the industry, the risk of aggregate payment is mainly "two clear", that is, the security of funds, some enterprises play the "two clear" side ball, once faced with the market, user demand, it may touch the capital pool, which has successively triggered the "two clear" risk, derived money laundering, cash-out and other illegal acts. However, cloud acquiring aggregation payment does not participate in the settlement and settlement of funds, and all fund settlement is completed through Minsheng Bank. Guarantee the absolute safety of user funds.

There is no risk in the aggregate payment itself, because the aggregate payment is in the third-party payment and the merchant directly, and does not touch the funds, so the aggregate payment is safe.

The so-called "Erqing" is that the cashier terminal needs to be cleared twice, that is, the settlement funds are transferred by the bank or third-party payment institution to the account opened by the "Erqing" company itself, and then settled to the merchant after being processed by the company. In this way, the funds will not be insured. Therefore, it is necessary to find the kind of clearing company, such as cashier on the street, and the funds are directly cleared by Minsheng Bank to the user's card.

Generally, the first thing merchants consider when choosing a platform is whether the funds are safe, and all situations that may threaten the safety of funds are risks, such as unstable channels and cannot be used. The funds in the merchant's account on the platform cannot be withdrawn. Or that there is a problem in the background, these are all risks.

First of all, the aggregate payment is used to connect with the payment channel and the merchant platform. Then there will be a merchant who needs to reflect the amount, because this is a second clear. Third-party payments are paid to the payer first, and then the payer settles to the merchant.

This will have the situation that the merchant's settlement funds are not in place, and there is no other risk.

Aggregate payments are legitimate.

The management unit is the Payment and Clearing Association under the People's Bank of China.

Engaging in aggregate payment business requires the review and filing of the association, as well as systematic security testing.

For merchants, the aggregate payment code used is the product that uses aggregate payment.

There are three categories of aggregate payment business engaged in aggregate payment business: aggregate payment technology service providers, financial institution banks, and non-financial payment institutions.

Please refer to ** for the business process of aggregate payment, which is mainly involved in the upload of information of the transaction, and does not directly process the funds, so it is safe.

As long as it is not the payment of Erqing, aggregate payment is legal, and many policies are now supporting. Both Alipay and WeChat Pay encourage and support payment service providers to use their aggregate payment systems to develop merchants, so we can also conclude that as long as it is compliant, it is safe and not illegal.

Extended Materials. 1. Fourth-party payment is not actually a new product, and some people will identify the payment platform with the certificate as a third-party payment based on whether the platform has a payment business license, otherwise it will be a fourth-party payment. But with some licensed companies involved in fourth-party payments, the standard doesn't necessarily seem accurate.

It is impossible for each third-party payment company to be in place for every payment scenario, so aggregate payment is produced accordingly. For WeChat payment service providers and Alipay payment service providers, the payment systems and products they provide are actually equivalent to an aggregate payment system, but they are all under the formal operation, connecting the interface between WeChat Pay and Alipay, and do not participate in fund clearing.

2. Aggregate payment, also known as "converged payment", refers to "payment services" that are only engaged in "payment, settlement, and clearing" services. Aggregate payment: also known as "integrated payment", refers to the "payment service" that only engages in "payment, settlement, and clearing" services, relying on banks, non-bank institutions or clearing organizations, with the help of the payment channels and clearing and settlement capabilities of banks, non-bank institutions or clearing organizations, and using their own technology and service integration capabilities, to integrate the payment services of more than one bank, non-bank institution or clearing organization to provide merchants with including but not limited to "payment channel services", "collective reconciliation services" and "technical docking services". ", "Error Handling Service", "Financial Service Guidance", "Member Account Service", "Operation Process Software Service", "Operation and Maintenance Service", "Terminal Provision and Maintenance" and other services, so as to reduce the cost of merchant access and maintenance of payment and settlement services, improve the operation efficiency of the merchant payment and settlement system, and collect value-added payment services.

The aggregate payment of remittance and collection of money is still quite safe, with the Ministry of Public Security information system security level 3 protection record certificate, China Payment and Clearing Association acquiring outsourcing service agency record certificate, but also "Zhongguancun high-tech enterprise", according to the central bank's personal collection code rectification requirements, merchants withdraw their personal collection code is a matter of time, remittance of money aggregation payment is a good alternative choice. As for security, the remittance and collection of money is not a second-clear platform, which only provides technical support for users, does not participate in any financial matters, and implements strict management of the platform to avoid financial risks.

Huishuiqian is the leading aggregation payment service provider and enterprise SaaS service provider of Beijing Huishuiqian Technology Co., Ltd. Based on big data, blockchain, cloud computing and other driving services, we are committed to providing customers with diversified aggregate payment products, based on mobile terminals, creating the original intention of "product innovation and business innovation", and providing customers with comprehensive and professional aggregate payment solutions.