Online payment, disbursement and collection

Nowadays, we can't live without online payment every day , For example, online shopping uses fast payment ; Online transfer, etc . that , What is? 【 Online payment 】, What businesses are included in online payment ？ Today I would like to share with you my understanding of these two issues .

One 、 What is online payment ？
In my submission , Online payment can be divided into collection and disbursement businesses according to the fund direction .

From the perspective of Payment institutions ：

collection ： It refers to the customer reserve account where the funds are received from the user's bank account （ The customer reserve refers to the funds actually received by the payment institution to handle the payment business entrusted by the customer ）.

Disbursement ： It refers to the payment of funds from the customer reserve account of the payment institution to the user's virtual account or bank account .

Let's talk about it more generally , For payment institutions , Collecting money is a collection business , Paying out money is a disbursement business .

Take an example of collection business ：

information flow ：

1、 Users buy goods on the e-commerce platform , Use the quick payment function provided by the payment platform to pay 200 element .

2、 The payment platform will trade instructions （ Include bank name 、 Transaction amount and other information ） To external trading channels （ Such as Internet connection 、 UnionPay ）.

3、 The transaction channel forwards the transaction instruction to the user's issuer （ Paying bank ）, The issuer deducts the available balance on the user's card , And return the result of successful deduction to the trading channel .

4、 The transaction channel then forwards the transaction instruction to the bank where the customer's reserve account of the payment institution is located （ Beneficiary bank ）, The bank increases the balance of customer reserves , And return the result of successfully increasing the balance to the trading channel .

5、 Transaction channel internal bookkeeping processing , And return the successful transaction result to the payment institution .

6、 The payment institution updates the transaction results , And inform users and merchants , Completion of transaction .

Capital flow ：

1、 The issuer will settle the funds to the trading channel .

2、 The transaction channel is settled to the customer reserve account of the payment institution .

3、 The payment institution settles the funds to the merchant's bank account .

Take another example of lending business ：

information flow ：

1、 Users apply for cash withdrawal , Refer the balance of the original virtual account in the payment institution to my bank account .

2、 Payment institutions temporarily freeze the user's balance .

3、 The payment institution sends the transaction instruction to the transaction channel .

4、 The transaction channel forwards the transaction instructions to the payment institution customer reserve bank （ Paying bank ）, After successful deduction, the paying bank will return to the transaction channel .

5、 The transaction channel then forwards the transaction instruction to the user's issuer （ Beneficiary bank ）, Increase the available balance on the user card , Return the transaction channel collection processing result .

6、 The transaction channel returns the transaction results to the payment structure .

7、 The payment structure updates the display of transaction results and user front-end related information .

Capital flow ：

1、 The payment institution settles the funds to the trading channel .

2、 The transaction channel settles the funds to the issuer of the user .

Two 、 What types of business does the payment include ？

The payment business is roughly divided into the following ：

Collection business generally includes ：

Personal consumption ： It means that users use online payment to buy goods
User top-up ： Including personal recharge and merchant recharge , Individual / The merchant recharges the funds from the bank account to the virtual account at the payment institution .
Personal withholding ： It refers to the payment institution entrusted by the user at a specified time , Deduct money from a bank account , Specific application scenarios are as follows Credit card payment 、 Pay water, electricity, coal, etc .

Disbursement business generally includes ：

User withdrawal ： Including individual withdrawal and merchant withdrawal , Individual / The merchant applies to withdraw the balance of the original virtual account in the payment institution to the bank account
User transfer ： Including personal initiated transfers to other people's virtual accounts 、 Transfer to my bank card and transfer to someone else's bank card .
Merchant settlement ： It refers to the settlement of the merchant's pending settlement funds to the merchant's bank account .
Issued by the merchant ： It refers to the issuing agency that the merchant invokes the payment institution , Pay funds to individuals / Merchant's virtual account / Bank account .