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second clearing · Article

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Payment Platforms

Aggregate Payment and the Service Provider Model: Unified Channels, Sub-Merchants, and Split Settlement

16IDC

For platform businesses collecting through Alipay, WeChat Pay and UnionPay at once, the hard part is not any single integration but three sets of callbacks, three sets of reconciliation and three sets of refund rules. Aggregate payment and the service provider model address exactly that, but the compliance line around second clearing must be drawn first.

split settlementsecond clearingunified callbackpayment routingplatform business
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Payment Platforms

Payment Compliance and Filing Guide: ICP, EDI, Payment Licenses, and the Second Clearing Boundary

16IDC

For payment-related businesses, compliance failures are more decisive than technical ones. Missing filings, absent licenses, a fund path that trips second clearing, or a category that does not match actual operations can each shut down a channel or freeze settlement. This article separates the three compliance layers and provides a checklist you can work through item by item.

ICP Filingpayment compliancesecond clearingforex compliancemerchant qualifications
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