Credit guarantee transaction is a special transaction method based on commercial credit that Alibaba opens to users (unless otherwise specified, "users" include "buyers" and "sellers", the same below). Users can conduct credit guarantee transactions by opening the services of corresponding credit providers (including but not limited to "payment by letter" and "honesty", the same below).
During the transaction, the buyer can use the credit line obtained through the above services to pay in advance, and the credit party or the partner introduced by the credit party will guarantee the performance of the buyer's payment obligation according to the conditions agreed in the service, and directly pay the seller when the buyer fails to fulfill the payment obligation because of ensuring that the seller receives the payment on time.
Extended data:
Scope and conditions of application:
1. At present, the credit guarantee transaction is temporarily closed to the virtual category of Alibaba China Station, and the specific scope of application is subject to the actual provision of Alibaba.
2. At present, credit guarantee transactions are only open to users who meet all the following conditions of use (the following conditions of use may be adjusted from time to time, subject to Alibaba's update announcement).
Buyer's conditions of use:
Pass the valid identity authentication of Alibaba China Station;
Real-name authentication is bound to Alipay account to support Alipay online transactions;
The buyer shall at least meet the service provision conditions of credit providers introduced by any credit guarantee exchange and start the service; Other conditions that Alibaba should meet.
Conditions of use of the seller:
1, passed the valid identity authentication of Alibaba China Station;
2. Real-name authentication is bound to Alipay account to support Alipay online transactions;
3. The online transaction dispute rate of the seller's store in recent 90 days is ≤0.03% or the number of disputes.
4. The seller's shop has had online transactions in the past 6 months;
5. The seller shall at least meet the service provision conditions of credit providers introduced by any credit guarantee exchange and open the service;
Other conditions that Alibaba should meet.
If the seller who meets the above conditions of use chooses to support the credit guarantee trading mode when releasing the goods, the buyer can choose the credit guarantee trading mode to trade the goods within the scope supported by the seller when placing an order (provided that the buyer meets the conditions of use).
If the user no longer meets the above conditions, the seller will not be able to choose the way to support the credit guarantee transaction when releasing new products or modifying product information;
For the goods that the seller has released and chose to support the credit guarantee transaction mode, the credit guarantee transaction will no longer be supported. However, if the buyer has placed an order for the above goods and chooses to trade through the credit guarantee mode, the corresponding order will not be affected, that is, the buyer and the seller can continue to trade through the corresponding credit guarantee mode.
Important note:
When conducting transactions by credit guarantee, users should strictly abide by these rules, and also abide by the service-related agreements introduced by the credit guarantee exchange (including all service-related contents such as agreements, terms and rules involved in the service), bear all expenses required for the service, and independently bear all responsibilities during the use of the service.
References:
Alibaba-Credit Guarantee Trading Rules