Gateway payment, payment on behalf of, debit, agreement payment, account payment, and quick payment are all concepts.

Payment Gateway

A payment gateway ensures secure and seamless transaction delivery between saas payment gatewayInternet users and transaction processors without requiring changes to the original host system. It supports all Internet payment and security protocols, as well as transaction exchange, message and protocol conversion, and local authorization and settlement processing. Furthermore, it can be configured to meet the needs of specific transaction processing systems. The electronic payment function of Internet banking cannot be realized without the payment gateway.

Payment as a group

Payments made through third-party institutions are referred to as collective payments.

Debit is the authorization of a third-party institution to provide debit services. Following authorization, the third-party institution will automatically debit the user's bank card amount from the authorized bank card based on the user's four elements information, and so on.

Payment for the Agreement

The agreement payment and debit are both debit, but the agreement payment requires the user to bind the four elements of bank card information and receive the verification code from the bank to complete the binding instead of signing the debit agreement, so that only the bank card bound by the user has the right to debit the user's bank card amount from the authorized bank card.

Account settlement

Account payment, which is similar to Alipay's balance payment concept, is the use of the account balance for payment.

Payment in Advance

The cell phone dynamic password is sent to the user's cell phone number, and the user can complete the payment by entering the correct cell phone dynamic password.