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What does "payment on behalf of" Bank of Communications credit card mean?

The remittances on behalf of Bank of Communications credit card statements are remittances sent to you by others, and are processed as repaid transactions.

Agency payment is a kind of agency collection and payment business. Agency collection and payment is a bank accepting the entrustment of a customer to handle business on its behalf. It is a bank that pays money from a certain enterprise to your account through an agreement. The money here may be wages, project funds, bonuses, etc. The main types are as follows:

1. Collect and pay payments on behalf of others;

2. Collect and pay payments on behalf of others ;

3. Escrow welfare account;

4. Collect and pay *** business expenses;

5. Collect and pay for a price Securities payment;

6. Collect and pay other agreed payments on behalf of the client.

Extended information

Bank of Communications credit card has the following businesses:

1. Haoxiangdai

A new credit card installment launched by Bank of Communications The payment business provides bulk consumer credit support with high exclusive quotas (up to 150,000) and convenient service processes. After signing up for Haoxiangdai, when the consumption reaches the set transaction starting amount, the system will automatically carry out installments. The repayment period is up to 24 months, and the maximum monthly handling fee is only 0.72.

2. The most popular Friday

Based on the rigid demand of urban groups for Friday consumption, we have united with many merchants across the country to create a Friday credit card consumption rebate activity, which is also a credit card of Bank of Communications. The first marketing brand created in the industry that uses single-day consumption as its activity appeal.

3. Points Paradise

The Points Mall of Bank of Communications Credit Card, where customers can redeem points or swipe their cards to purchase the goods they want. But it is also different from the mall, because users can combine the points of multiple Bank of Communications credit cards under their own names, which can greatly help customers reduce the waste of points.

Baidu Encyclopedia--Bank of Communications Credit Card

Baidu Encyclopedia--Collection and Payment Service