Advantages

1. It is relatively secure. Credit card information or account information is only notified to omnichannel payment processing the payment intermediary and not to each recipient, greatly reducing the risk of losing secret credit card information and account information;

Second, payment costs are relatively low. Payment intermediaries concentrate a large number of small electronic transactions, creating a scale effect and relatively low payment costs;

3. ease of use. For the payer, he is faced with a friendly interface and does not need to consider the complex technical processes behind the operation;

The payment guarantee business can protect the interests of the payer to a large extent.

Disadvantages.

(1) This is a virtual payment layer payment model, which requires other "actual payment management methods" to complete the operation of the actual payment layer of the enterprise;

(2) The payer's bank card information will be exposed to the third-party payment platform. If the credit rating or confidentiality of the third-party payment platform is not good, it will bring the related risks to the payer;

(3) The legal status of third-party settlement payment intermediaries is not regulated, and in the event of bankruptcy and termination, the "e-money" purchased by consumers may become insolvent debts and cannot be protected;

(4) Payment platforms and non-financial institutions hold a large amount of funds in the accounts of third-party platforms, and there is a risk of capital storage.