What is a third-party payment platform? Simple definition.

The general mode of third-party payment operation is: buyers buy goods and use the account provided by the third-party platform to pay for the goods; After receiving the payment, the third party will take care of it, notify the seller that the payment has arrived, and ask the seller to deliver the goods; The buyer shall notify the third party after receiving the goods, inspecting the goods and confirming them; The third party transfers its funds to the seller's account.

Third-party payment platform is another transaction mode for merchants and customers, which is different from bank remittance, shopping mall face-to-face credit card, cash payment and other transaction forms.