What is the entry of Agricultural Bank of China on behalf of payment?

Account payment refers to the business operation of enterprises and institutions transferring funds from their own settlement accounts and designated bank card accounts. Agency payment transactions refer to transactions initiated by merchants through batch files when conducting agency payment services, and payments are made from the unit's settlement account to a designated bank card account. To put it simply, it means that each commercial bank uses its own settlement facilities to accept the entrustment of customers to handle the collection and payment of designated funds. Agency payment can realize public-to-public, public-to-private, private-to-public, and private-to-private bank fund transfer transactions.

Generally speaking, banks’ payment services mainly include personal payment services and corporate payment services. Personal payment services include payment of social security, payment of water, electricity and gas bills, etc. Nowadays, residents use the agency payment service to pay their water and electricity bills. Residents usually charge money to a designated bank card first, and then the relevant agencies will check the water and electricity bills and deduct the money from the bank card uniformly. The company's payment agency business includes salary agency payment, payment agency payment, etc. It is relatively simple for an enterprise to apply for agency payment business. It only needs to submit relevant information (enterprise business license + front and back of legal person ID card + bank account opening permit + purchase and sale contract + company photo + agency payment agreement), and it will be approved after the bank review. This business can be opened.

The agency payment business mainly has the following advantages:

Automatic deduction and transfer can be realized within 1.7*24 hours and is not subject to time control;

2. Liberation Financial staff can set up relevant account information for cash withdrawals, and can transfer funds in batches with just a click of a finger or set up automatic deductions, and no longer have to worry about transferring the wrong account;

3. Save costs, in addition to greatly reducing time costs and error costs, The channel fee is also quite low;

4. Transfers can be made to personal bank cards, which solves the problem that some company accounts cannot make private transfers.

The process of payment on behalf of others mainly consists of the following steps:

1. The corporate merchant recharges and adds money to the designated bank account;

2. The corporate merchant passes the operation Submit the payment bank card information in the background;

3. The bank accepts the business application;

4. The bank approves and processes the payment business;

5. Receive bank card payment.