There are two kinds of liquidation, compliance liquidation and non-compliance liquidation. It is illegal for a company without a payment license to settle its own funds. The so-called compliance clearing refers to the inter-bank connection mode, in which banks with clearing qualifications settle accounts for merchants. At present, the aggregate payment channels on the market are basically looking for bank cooperation. For example, there are Minsheng Bank, Industrial Bank, Zhongxing Bank and Ping An Bank.
Extended data:
"Qing Er" has at least the following characteristics:
The first is the big business model and the platform-based e-commerce model;
Second, businesses are expanded by unlicensed institutions;
Third, the licensed institution will settle the funds into the merchant account designated by the unlicensed institution;
Fourth, after the unlicensed institution is handled by the designated merchant account, it will be cleared and settled to the secondary merchant collection account.
According to the above characteristics, it can be concluded that the initial appearance of "secondary liquidation" is that unlicensed institutions used settlement funds, that is, they handled settlement funds of special merchants or engaged in fund settlement activities of special merchants.
Reference: People's Daily Online-Regulatory Storm Escalates Central Bank's Governance of "Secondary Cleaning" Chaos in Payment Industry