1 thought on “What does it mean for third -party payment and fourth -party payment? Is there a difference?”
Virgil
Third -party payment refers to the licensed institution, which has a payment license and a reserve account, and the security and compliance when providing payment capacity are guaranteed. The fourth -party payment refers to some platform companies to obtain payment capabilities by accessing multiple third -party payment companies. There are two types of fourth -party payment. One is to send the complete merchant information to the third -party payment to report it. This is not much different from that of the merchant directly accessing the third -party payment, and the cost may increase. Entry job saves. The other is to access the third -party payment office in the form of large merchants, that is, merchants directly access the fourth -party platform, which is not reflected in third -party payment companies. M mostly used for gray merchants, but safety performance cannot be guaranteed.
Third -party payment refers to the licensed institution, which has a payment license and a reserve account, and the security and compliance when providing payment capacity are guaranteed. The fourth -party payment refers to some platform companies to obtain payment capabilities by accessing multiple third -party payment companies. There are two types of fourth -party payment. One is to send the complete merchant information to the third -party payment to report it. This is not much different from that of the merchant directly accessing the third -party payment, and the cost may increase. Entry job saves. The other is to access the third -party payment office in the form of large merchants, that is, merchants directly access the fourth -party platform, which is not reflected in third -party payment companies.
M mostly used for gray merchants, but safety performance cannot be guaranteed.