Tencent Cloud Developer
Mar 12, 2025 · Fundamentals
Online Payment Fundamentals: Background, Payment Types, Reserve Funds, Direct vs Indirect Connections, and Settlement
The article surveys the evolution of online payments from PayPal to Chinese platforms, explains staged versus pass‑through digital wallets, defines reserve‑fund management and its centralised custodial requirements, contrasts direct and indirect bank connectivity via NetUnion, and clarifies the distinctions among clearing, settlement and accounting.
clearingdigital walletonline payment
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