The payment platform will set up one or more accounts in the bank to collect the customers' or merchants' reserve funds (which can be roughly understood as customers' or merchants' recharging, payment and transaction funds waiting for settlement).

Take the example of ordinary users recharging their virtual accounts online on the third-party payment platform;

1), the user recharges on the third-party payment platform and jumps to the bank gateway for payment.

2) After the user pays successfully, the bank will deduct money from the user's bank account in real time.

3) The bank gateway informs the payment platform user that the payment is successful (the deduction is successful).

4) The payment platform adds corresponding funds to the virtual accounts of corresponding users in its own account system.

5) The bank and the payment platform will conduct reconciliation and settlement according to the agreed settlement cycle (e.g. T+ 1), and then the funds recharged by users will be settled into the account set up by the payment platform in the bank.