My savings card of Agricultural Bank of China received this message today: Fast Money Payment Co., Ltd. paid your card 156 yuan. What happened?

Quick Money Payment Co., Ltd. paid 156 yuan to your card, and someone transferred it to you through a third-party payment tool.

Third-party payment refers to an independent institution with certain strength and credit guarantee, which is connected with the bank payment and settlement system by signing contracts with major banks to facilitate transactions between the two parties.

Third-party payment process:

In the process of third-party payment transaction, the payment method makes it impossible for merchants to see the customer's credit card information, and at the same time avoids the theft of credit card information caused by repeated public dissemination of credit card information on the network.

1. Customers choose goods on e-commerce websites and finally decide to buy them.

2. The customer chooses to use a third party as a transaction intermediary, and the customer transfers the payment to the third party account with a credit card.

3. The third-party payment platform informs the merchant that the customer has paid and requires the merchant to deliver the goods within the specified time.

4. The merchant will deliver the goods according to the order after receiving the notice.

5. The customer shall notify the third party after receiving the goods and verifying them.

6. The third party transfers the payment from its account to the merchant account, and the transaction is completed.

Advantages of third-party payment:

1. Cost advantage.

The payment platform reduces the cost of direct connection between the government, enterprises and institutions and meets the payment needs of enterprises focusing on developing online business.

2. Competitive advantage.

The third-party payment platform is interest-neutral, which avoids business competition with the serviced enterprises.

3. Innovative advantages.

The personalized service of the third-party payment platform enables it to innovate the business model according to the market competition and business development of the enterprises it serves, and at the same time customize the personalized payment and settlement service.

In the network trading environment lacking an effective credit system, the introduction of the third-party payment mode has solved the problems that the online banking payment method cannot restrain and supervise both parties of the transaction, the payment method is relatively simple, and the product quality, transaction integrity and return requirements are reliably guaranteed during the whole transaction.