What is the concept of transaction guarantee?

1. What is the concept of transaction guarantee? Secured transaction refers to the transaction security of buyers and sellers in e-commerce, which was first put forward by Alipay. Effectively solve the credit problem in e-commerce transactions, that is, the buyer is worried that the goods will not be received after payment, and the seller is also worried that the goods will not be paid after delivery. In reality, Chinese people are generally used to the transaction mode of cash on delivery, but they are not familiar with the separation of payment and delivery in e-commerce. Alipay has greatly promoted the success rate of e-commerce after introducing secured transactions. Second, the transaction flow 1. Sellers display goods on e-commerce websites, SNS websites or forums. Second, after the buyer confirms the purchase of a commodity, he places an order and transfers the amount of the commodity from his personal account to Alipay's special secured trading account through Alipay. Third, after Alipay informs the seller and the buyer to pay, the seller sends out the goods. Fourth, after receiving the seller's goods, the buyer confirms and informs Alipay to pay. Alipay transfers the amount of goods from the special account to the seller's account. If there is fraud, the buyer can ask for a refund. After confirmation, Alipay will refund the money from the secured transaction account to the buyer's personal account. Third, the third-party payment guarantee (Escrow), also known as third-party payment service and third-party custody, is well received by enterprises internationally. Third-party payment guarantee means that the buyer pays the goods to a third party other than the buyer and the seller. After the third party receives the payment, it informs the seller that it has received the payment. At the same time, the seller can deliver the goods to the buyer, and the buyer informs the third party that it has received the satisfactory goods sent by the seller. Third, it is convenient to pay the money to the seller. In the modern society with advanced network technology, credit transaction guarantee is favored by more economic platforms, which will also be the mainstream of future consumer life. I believe more people are also involved. In daily online shopping, it is also protected by more economic laws and enjoys more optimized and safer consumption. At the same time, the general public should be familiar with the transaction process of transaction guarantee.