Payment settlement refers to paying the funds transferred on the merchant's Alipay, WeChat, and UnionPay accounts to the merchant's personal or company bank account on delivery. The normal time is the next day for settlement, but the time of different liquidators Also inconsistent.

Supplementary information:

Payment settlement can be understood as a link in payment. Modern payment is regarded as the movement of funds, which is broken down into behavioral movement, information movement and capital movement. The information movement is payment settlement.

The process of payment and clearing can be regarded as the "Mr. Accountant". The clearing process is mainly to accurately conduct "accounting" and "accounting" based on the occurrence of actual transactions. The main task is to calculate clearly what should be paid to Who pays and how much should be paid, and from whom and how much should be collected.

The clearing process is the process of matching, transmitting, collecting and sorting payment information data. This process is mainly completed through the system of the relevant clearing agency. Here we can give an example. For example, you go shopping in a mall and spend 3,000 yuan. When you check out, you pay with a credit card of a certain bank. After deducting the amount of your account from the bank, the transaction data message is sent to the bank card. The clearing agency goes to the bank card clearing agency to record the data and send it to the acquiring bank. This process is the transmission and collection of data information.

Liquidation refers to calculating the transaction principal and transaction fees one by one for successful transactions recorded in the transaction log, and then summarizing and netting the differences according to the liquidation objects to form the amount receivable and payable. Here we continue the above example. To explain, during your shopping process above, the bank card clearing agency also calculates and records the bill amount after recording it. This process is clearing.

Payment and clearing have very high security requirements. Once there is a problem in one aspect of the system, it will affect many transactions and transaction participants. Therefore, the payment and clearing system is also considered an important financial infrastructure and the main artery for capital circulation. Therefore, institutions involved in payment and clearing must operate with a license. In our country, the institutions that perform inter-bank clearing functions include not only the China Banking Clearing Center, but also China Online Banking, City Bank Clearing, Rural Credit Bank, and many chartered third-party payment institutions, such as the Vice President of the China Payment and Clearing Association. The unit’s communication payment.