First, online payment.
Online payment refers to a business that banks provide online fund settlement services for buyers and sellers when conducting transactions through e-commerce websites on the Internet. Provide safe, fast and convenient e-commerce application environment and online fund settlement tools for enterprises and individuals. Online payment not only helps enterprises to collect sales money quickly and shorten the collection period, but also provides online payment settlement for personal online banking customers, so that customers can really shop online without leaving home.
Second, online payment channels.
Online payment is a way to pay through the payment interface between the third party and the bank. The advantage of this method is that the funds can be directly transferred from the user's bank card to the website account, and the remittance will arrive immediately without manual confirmation. The biggest difference from bank transfer [including online personal bank transfer or bank counter cash transfer] is that the advance payment can be automatically confirmed.
3. The general process of online payment based on Internet platform is as follows:
1. Customers access the Internet, browse goods online through the browser, select goods, fill in online orders, and choose online payment and settlement tools authorized by banks, such as bank cards, e-wallets, e-cash, e-checks or online bank accounts.
2. The client encrypts relevant order information, such as payment information, and submits the order online.
3. The merchant server checks and confirms the customer's ordering information, and forwards the related and encrypted customer payment information to the payment gateway until it is confirmed by the bank background service server of the bank private network, so as to obtain the authorization of electronic money issuing institutions such as banks to pay funds.
4. After verification and confirmation, the bank will send the confirmation and payment settlement information back to the merchant server through the established encrypted communication channel through the payment gateway, and send the payment authorization request (or not) back to the customer to further ensure security.
5. After receiving the customer's further authorized settlement information, the bank will transfer the funds from the customer's account to the merchant's bank account for e-commerce, make settlement with the help of the financial private network, and send the successful payment settlement information to the merchant and the customer respectively.
6. After receiving the settlement success information sent by the bank, the merchant server sends the online payment success information and delivery notice to the customer. At this point, a typical online payment settlement process is over. Merchants and customers can check their fund balance information through the Internet for further verification.