What is the transaction type of bank SMS notification agreement payment?

Agreement payment means that the customer can complete the payment by signing an agreement with the bank, binding the customer's bank account with the merchant's associated account and directly entering the payment password of the merchant's associated account.

In other words, when buying goods online, you only need to enter your online banking account number and password, and you can directly buy the goods you want to buy. You don't need to pay in cash, and you don't need to pay by WeChat Alipay. This is an agreement and contract signed by the user and the online merchant bank, which is more convenient for users with online shopping habits.

This also has a disadvantage, that is, if the bank wants to deduct money, it can directly deduct the corresponding money from our account without the consent of our users, so the agreement payment has advantages and disadvantages for ordinary users, and how to choose depends on personal thoughts.

So what's the difference between online payment, agreement payment and fast payment?

1, different customer experiences

Online payment: you need to enter the bank account number and transaction password to complete the payment.

Agreement payment (taking Alipay as an example): When paying, you only need to enter the payment password of Alipay account (or you don't need to enter it) to complete the payment.

Quick payment (take Alipay as an example): When paying, you only need to enter the payment password of Alipay account to complete the payment.

2. The account binding is different

Online payment: there is no binding relationship.

Agreement payment (take Alipay as an example): bind the customer's bank account with Alipay account.

Fast payment (take Alipay as an example): bind the customer's bank account with Alipay account.

3. The signing channels are different.

Online payment: outlet counters, personal online banking professional edition.

Agreement payment (taking Alipay as an example): merchant website (login to Alipay account).

Fast payment (taking Alipay as an example): outlets, counters and personal online banking professional edition.

So in general, what kind of payment agreement to sign depends on how we personally choose, and try to choose the one that suits our ordinary users.