Why do you need aggregated payments What is the significance of the existence of aggregated payments

Third-party payment platforms such as Alipay, WeChat, and QQ wallets have provided great convenience for our lives, and the large-scale emergence of third-party payment platforms has brought certain troubles to the people who collect money, so the fourth-party aggregate payment came into being.

Aggregate payments. It is to integrate third-party payment platforms such as Alipay, WeChat, and QQ wallet into its own payment platform, and you can use these channels with one access, and then open up a unified channel to go out. The aunt who buys water on the road no longer has to post a bunch of ***, only needs to post a ***, and you can meet the requirements of all customers.

Aggregate payment is not only the aggregation of payment scenarios, payment methods, but also the aggregation of financial services. Payment scenarios such as scanning code, H5 wake-up, PC, mobile, etc.; Payment methods include Alipay, WeChat, quick payment, and aggregation of bank payments; Financial services such as back-office billing, statements, service reports, and income investments. Huifu has a fully self-service aggregate payment solution that allows you to freely choose the payment channel you need, and there is a problem of fee payment only if there is transaction volume.

According to the understanding of the payment habits of your own traded customers and potential transaction customers, open relevant payment channels in aggregate payment, which is more targeted.

For example, if a merchant uses Alipay to collect money, and a customer only has WeChat on his mobile phone, the merchant will miss a transaction opportunity because he cannot pay when making a payment. If the merchant is connected to Alipay and WeChat, it can solve the payment problem of most customers, but it needs to calculate the revenue of each payment channel separately and then summarize it when reconciling the account every month.

Only one technical docking can aggregate the payment codes of multiple channels, and the transaction data can be aggregated in the unified merchant management background. Easily realize unified collection of WeChat, Alipay, UnionPay QuickPass, and major bank apps.

In order to cater to users, each payment channel needs a ***, resulting in some users being prone to mistakes, a single payment channel has limitations, and multiple channels lead to multiple ***, coupled with the high handling fee of third-party payment and withdrawal, aggregate payment can solve such a problem.

Aggregate payment: It is to integrate multiple third-party payments such as WeChat, Alipay, UnionPay, QQ wallet, wallet and so on into one machine, that is, one code for multiple scans, and integrate multiple third-party payments on one terminal to achieve one code payment.

1. Aggregate payment, also known as "integrated payment" and "fourth-party payment", refers to the integration of payment services of more than one bank, non-bank institution or clearing organization with the help of the payment channels and clearing and settlement capabilities of banks, non-bank institutions or clearing organizations, and the use of their own technology and service integration capabilities, so as to provide merchants with services including but not limited to payment channels, collective reconciliation, technical docking, error handling, financial services, member accounts, operation process software, operation and maintenance, terminal provision and maintenance, etc. In order 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 the payment services of value-added income.

2. To put it simply, aggregate payment is an "inclusive" payment tool that integrates multiple payment methods such as Alipay, WeChat payment, Huabei, and Yipay. For consumers, whether they use Alipay or WeChat Pay, or other payment tools, they can make payments; For the recipient, there is no need to worry about the consumer's payment instrument conflicting with their own cash register, and they can also understand the data of each payment instrument.

1. Aggregate branch payment, also known as "integrated payment" and "fourth-party payment", refers to the integration of payment services of more than one bank, non-bank institution or clearing organization with the help of the payment channel and clearing and settlement capabilities of banks, non-bank institutions or clearing organizations, and the use of their own technology and service integration capabilities, to provide merchants with services including but not limited to payment channels, collective reconciliation, technical docking, error handling, financial services, member accounts, operation process software, operation and maintenance, Terminal provision and maintenance services, so as to reduce the cost of merchants when accessing and maintaining payment and settlement services, improve the operation efficiency of merchants' payment and settlement systems, and collect value-added payment services.

2. To put it simply, aggregate payment is an "inclusive" payment tool that integrates multiple payment methods such as Alipay, WeChat payment, Huabei, and Yipay. For consumers, whether they use Alipay or WeChat Pay, or other payment tools, they can make payments; For the payee, Zhengbi does not have to worry about the conflict between the consumer's payment instrument and its own cash register, and can also understand the data of each payment instrument.

Advantages and disadvantages of aggregating payment codes

At present, there are many aggregate payment companies on the market, although many of them generally hold payment licenses issued by the central bank, but with good service and exquisite technology, they can still aggregate the payment tools of multiple cooperative banks, third-party payment platforms and other service providers to provide aggregate payment solutions for small and medium-sized merchants.

According to the market, the aggregate payment code adapts to the trend of market economic development, at the user level, saves the user's time, reduces the complexity of the user's operation, and improves the user experience: at the merchant level, it can effectively help merchants reduce payment costs, improve the payment efficiency of merchants, and also save manpower. There are also some aggregation payment systems with marketing functions, which can help merchants promote and market products and improve the quality of products, which are the benefits brought by aggregation payment systems.

However, at the same time, with the rapid development of the aggregate payment industry, more and more enterprises and individual entrepreneurs have begun to enter the payment industry, trying to get a piece of the pie in the field, and they have brought more risks and challenges while expanding the payment industry team. Some aggregator payment platforms that do not have a payment license may directly participate in the settlement process, and eventually the aggregator payment platform will clear to the merchant, involving the risk of illegal liquidation of the capital pool. Or some unqualified black platforms abscond with money, causing irreparable economic losses to merchants.

Therefore, everyone must keep their eyes open when choosing a payment service provider.

The prospect of aggregating payment codes

In order to rectify the chaos in the payment industry, in recent years, relevant state agencies have issued a series of policies to rectify unlicensed payment institutions. Under the trend of increasingly strict supervision, the aggregate payment industry has ushered in a period of reshuffle. Good money drives out bad money, and the entire payment industry is moving towards a healthier trend.

The rapid development of the aggregate payment industry has brought great convenience to people's lives, and also promoted the rapid development of the economy. If you don't have your own merchant aggregation collection code for business, welcome to consult.