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What is the advantage of the third-party payment platform? Disadvantages cannot be ignored

What is the advantage of the third-party payment platform? Disadvantages cannot be ignored

1. Third-party payment platforms cooperate with many banks to provide convenience omnichannel payment processing for online transactions.

2. Cost advantage: For sellers, the third-party payment platform can reduce the cost of business operation; for banks, they can directly use the third-party service system to provide services and help banks save on gateway development costs.

3. Detailed transaction records: The third-party payment platform has detailed records of transactions between the two parties to prevent both parties from denying the transaction behavior.

What are the disadvantages of the third-party mobile payment service platform?

Risk: Due to imperfect laws, the security of third-party payment cannot be well protected, and the risk of the integrity of logistics activities independent of the network still exists.

2. Possible vicious competition: There is malicious competition in the electronic payment industry, which damages payment services and even brings negative impact to the development of e-commerce industry.