Legal analysis: It is legal if it is collected and paid by a banking financial institution or an autonomous payment institution that has obtained relevant certificates; It is illegal to collect and pay through illegal institutions. The business of collection and payment on behalf of customers refers to the business that commercial banks use their own settlement facilities to handle the collection and payment of designated funds on their behalf.
Legal basis: Article 3 of the Law of the People's Republic of China on Commercial Banks can engage in some or all of the following businesses: (1) absorbing public deposits; (two) short-term, medium-term and long-term loans; (3) Handling domestic and international settlement; (4) Handling bill acceptance and discount; (5) Issuing financial bonds; (6) Acting as an agent to issue, honor and underwrite government bonds; (7) buying and selling government bonds and financial bonds; (eight) engaged in interbank lending; (9) buying and selling foreign exchange as an agent; (ten) engaged in bank card business; (eleven) to provide letter of credit services and guarantees; (twelve) the agent payment and insurance agency business; (thirteen) to provide safe deposit box services; (14) Other businesses approved by the State Council Banking Regulatory Authority. The business scope shall be stipulated in the articles of association of the commercial bank and reported to the banking regulatory authority of the State Council for approval. With the approval of the People's Bank of China, commercial banks can engage in foreign exchange settlement and sale.
Article 225 of the Criminal Law of the People's Republic of China violates state regulations and commits one of the following illegal business operations, thus disrupting market order. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times the illegal income or confiscated of his property: (1) dealing in franchise, monopoly goods or other goods whose trading is restricted as stipulated by laws and administrative regulations without permission; (2) buying and selling import and export licenses, import and export certificates of origin and business licenses or approval documents as stipulated by other laws and administrative regulations; (3) illegally engaging in securities, futures and insurance business without the approval of the relevant competent department of the state, or illegally engaging in fund payment and settlement business; (four) other illegal business activities that seriously disrupt the market order.
Warm reminder
The above answers are only based on the current information and my understanding of the law. Please refer to them carefully!
if you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.