What does Alipay mean by secured transactions?

Secured transaction refers to the transaction security of buyers and sellers in e-commerce, which was first put forward by Alipay.

Effectively solve the credit problem in e-commerce transactions, that is, the buyer is worried that the goods will not be received after payment, and the seller is also worried that the goods will not be paid after delivery.

In reality, Chinese people are generally used to the transaction mode of cash on delivery, but they are not familiar with the separation of payment and delivery in e-commerce. Alipay has greatly promoted the success rate of e-commerce after introducing secured transactions.

Alipay belongs to the third-party payment platform and is committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It owns two independent brands, Alipay and Alipay Wallet. Since the second quarter of 20 14, it has become the largest mobile payment manufacturer in the world.

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I. Transaction Process

1. The seller displays the goods on the e-commerce website, SNS website or forum.

2. After the buyer confirms the purchase of the goods, he places an order and transfers the amount of the goods from his personal account to Alipay's special secured trading account through Alipay.

3. After Alipay notifies the seller and the buyer to pay, the seller issues the goods.

4. After receiving the seller's goods, the buyer confirms and informs Alipay to pay, and Alipay transfers the goods amount from the special account to the seller's account. If there is fraud, the buyer can ask for a refund. After confirmation, Alipay will refund the money from the secured transaction account to the buyer's personal account.

Second, China domestic secured transactions products.

China's domestic secured transaction products mainly include PayPal (eBay products), Alipay, Lacarra, Tenpay (Tencent, Tencent Paipai), Shengfutong, Guofubao, Baifubao, Logistics Bao, Wang Yibao, Online Banking (Bank of China), Huanxun Payment, Remittance to the World, joinpay, Baoyi Interchange and Fu Bao (my payment navigation).

Among them, PayPal and Alipay have the largest number of users, the former is mainly popular in Europe and America, and the latter is the product of Ma Yun Alibaba. It is said that by July 2009, Alipay had more than 200 million users. In addition, UnionPay electronic payment, a subsidiary of China UnionPay, has also begun to exert its strength in third-party payment, and launched UnionPay business to provide corresponding financial services.

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