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Electronic Banking > Online Payment Login > B2B OnlinePayment
B2B OnlinePayment
Hua Xia Bank B2B is a tailored integrated financial service via internet for e-commerce companies to make online payments, manage orders, settle funds and three parties custody, flexible, safe, and fast. Eight modes: direct payment, freeze payment, security deposit by merchant, security deposit by bank, batch payment, funds clearing, three parties custody on large amount, Equity Exchange.

B2BOnlinePayment

Payment Modes and Flows

(I) Direct Payment
Company places order at the merchant website and makes online payment to the merchant.
1. Features
① Easy steps: convenient to use
② Real-time alert: high processing efficiency
③ Fast credit: save cost, fast return of sales funds
④ Accurate reconciliation: clear statement
⑤ Details enquiry: commercial and accounting information in one place
⑥ High control: just-in-time order processing
 2. Transaction Flows
B2BOnlinePayment


① Place order. Customer buys and places order at the merchant website.
② Pay online. Customer login Hua Xia Bank B2B system, confirms the order and makes the payment.
③ Settle the payment. Hua Xia Bank transfers the amount to the merchant’s settlement account.
④ Deliver goods. Once the payment is successful, the merchant delivers the goods to the customer.

(II) Freeze Payment
Company places order at the merchant website and freezes the payment online. Once the transaction is finished, the merchant transfers the frozen amount to the seller.
1. Features
① Safe: freeze the payment first, then deliver goods, make payment at the last
② Trustworthy: solve the problem that buyer and seller do not trust each other
③ Full steps: frozen amount can be released anytime
2. Transaction flows


B2BOnlinePayment

① Place order. Buyer buys and places order at the merchant website.
② Freeze payment.Buyer login Hua Xia Bank B2B system, confirms the order and freezes the payment.
③ Send advice. Hua Xia Bank informs the merchant the successful lock-up of buyer’s payment.
④ Inform seller. Merchant informs seller to deliver the goods to the buyer.
⑤ Deliver goods. Seller delivers the goods to the buyer.
⑥ Inform the Bank.Merchant informs Hua Xia Bank to release the buyer’s amount and pays the seller.
⑦ Hua Xia Bank pays the released amount to the seller.

(III) Security Deposit by Merchant
Company places order at the merchant website and pays online to the merchant. Once the transaction is finished, the merchant transfers the payment to the seller.
1. Features
① Pay first: pay partially for the full order
② Add pre-payment: pay more in advance if not enough
③ Actual payment: make full payment when the goods delivered
④ Cancel pre-payment: return remaining pre-paid amount to the buyer
⑤ Bind account: amount paid or received depends on the order
2. Transaction Flows




① Place order. Buyer buys and places order at the merchant website.
② Pay online. Buyer login Hua Xia Bank B2B system, confirms the order and pays online to the merchant.
③ Send advice. Hua Xia Bank informs the merchant that the buyer has successfully paid.
④ Inform seller. Merchant informs seller to deliver the goods to the buyer.
⑤ Deliver goods. Seller delivers the goods to the buyer.
⑥ Inform the Bank. Merchant informs Hua Xia Bank to transfer the buyer’s payment in the merchant’s account to the seller.
⑦ Hua Xia Bank pays the amount to the seller.

(IV) Security Deposit by Bank
Company places order at the merchant website and pays online to Hua Xia Bank. Hua Xia Bank keeps the buyer’s amount. Once the transaction is finished, Hua Xia Bank then pays to the seller.
1. Features
① Custody of funds: Payment amount is kept by Hua Xia Bank, merchant cannot use
② Management by merchant: Merchant controls the payment flow
③ Bind account: Amount paid or received depends on the order
④ Full range: pay first, add pre-payment, cancel pre-payment, actual payment
2. Transaction Flows




① Place order. Buyer buys and places order at the merchant website.
② Pay online. Buyer login Hua Xia Bank B2B system, confirms the order and pays online, transfers the amount to Hua Xia Bank’s intermediary account, Hua Xia Bank keeps the payment.
③ Send advice. Hua Xia Bank informs the merchant that the buyer has successfully paid.
④ Inform seller. Merchant informs seller to deliver the goods to the buyer.
⑤ Deliver goods. Seller delivers the goods to the buyer.
⑥ Inform the Bank. Merchant informs Hua Xia Bank to transfer the buyer’s payment in the intermediary account to the seller.
⑦ Hua Xia Bank pays the amount to the seller.

(V) Batch Payment
Company places order at the merchant website and pays online to the merchant. Once the transaction is finished, the merchant makes the batch payment to the seller. No connection between buyer and seller under this payment mode. The merchant decides which buyer payment is for which seller.
1. Features
① This batch payment is a combination of direct payment and security deposit by merchant
② No connection between buyer and seller: buyer buys from the merchant, merchant finds the sellers
③ No connection between orders: buyer account and seller account are separate in an order, merchant pays the seller in batch
④ Full range: pay first, add pre-payment, cancel pre-payment, actual payment
2. Transaction Flows




① Place order. Buyer buys and places order at the merchant website.
② Pay online. Buyer login Hua Xia Bank B2B system, confirms the order and pays online to the merchant. (buyer does not know who is the seller).
③ Send advice. Hua Xia Bank informs the merchant that the buyer has successfully paid.
④ Inform seller. Merchant informs seller to deliver the goods to the buyer.
⑤ Deliver goods. Seller delivers the goods to the buyer.
⑥ Inform the Bank. Merchant informs Hua Xia Bank to transfer the buyer’s payment in the merchant’s account to the seller.
⑦ Hua Xia Bank pays the amount to the seller.

(VI) Funds Clearing
A Hua Xia service for merchant members of Bulk Commodity Exchange in transferring and clearing of funds between accounts in Hua Xia Bank and the Commodity Exchange.
1. Features
① No need to connect to systems, fast login
② Exchange member can transfer amount to the settlement account in the Commodity Exchange via different channels
③ Exchange member submits application to the Commodity Exchange to transfer amount from Commodity Exchange to the binding account
④ Balance in the sub-account is available for the Exchange member to check anytime
2. Transaction Flows



① Credit transfer: Customer transfers the funds to the merchant’s special account. Hua Xia Bank and merchant register the transfer.
② Transaction: Customer buys/sells commodities at the merchant’s trading platform;
③ Debit transfer: Merchant submits the application to transfer amount to customer’s receiving account. Hua Xia Bank verifies the details and makes the transfer;
④ Verify general ledger debit/credit transfers: After day-end closing of merchant’s trading system, Hua Xia system checks the balance between the master account (merchant’s special account) and all the sub-accounts in B2B system;
⑤ Clearing: Merchant synchronizes with Hua Xia Bank the customer transactions generated on the day regarding amount changes;
⑥ Reconciliation: Merchant synchronizes with Hua Xia Bank to reconcile the balance in all the sub-accounts of the customers after day-end closing.

(VII) Three Parties Custody on Large Amount
This is a service based on "Funds Clearing" where Hua Xia system is directly connected to the merchant's trading platform for automatic transfer of funds for customers. Customer transaction amounts are placed in the Hua Xia’s custody account under the custody of three parties: merchant, customer and Hua Xia Bank.
1. Features
① Custody of funds by three parties: Transaction amounts are placed in the Hua Xia’s custody account under the management of Hua Xia Bank, merchant and customers. Merchant cannot use the funds, customer funds are fully protected.
② Real-time synchronization of debit/credit transfer: Hua Xia system is directly connected to the merchant for real-time synchronized debit or credit transfers. All transfers are encrypted and signed using digital certificates, easy steps, safe and high efficiency.
③ Transfer between different bank accounts – Debit or credit transfers can be to/from Hua Xia accounts or accounts of other banks. Credit transfers support accounts of any bank.
④ Corporate/Personal accounts: Full support on debit or credit transfers by corporate accounts or personal accounts.
⑤ Targeted debit/credit: Sub-A/C No. and Seat No. (Booth No.) are bound to corresponding Hua Xia Bank accounts to lock down the flow of funds.
⑥ Real-time monitoring: Any balance change in sub-A/C is reminded through real-time SMS alerts and can be checked anytime by phone or online.
2. Transaction Flows


① Credit transfer: Customer transfers the funds to the merchant’s settlement account through various channels.
② Transaction: Customer buys/sells commodities at the merchant’s trading platform;
③ Debit transfer: Customer applies through merchant to transfer the amount out or login Hua Xia Bank B2B online payment system to transfer the amount to customer's receiving account;
④ Verify debit/credit transfers: After day-end closing of merchant’s trading system, Hua Xia system checks the balance between the master account and all the sub-accounts.
⑤ Clearing: Merchant synchronizes with Hua Xia Bank the customer transactions generated on the day regarding amount changes;
⑥ Reconciliation: Merchant synchronizes with Hua Xia Bank to reconcile the balance in all the sub-accounts of the customers after day-end closing

(VIII) Equity Exchange
A service where the Hua Xia B2B online payment system is connected to the Equity Exchange to assist the Exchange for the online payment/receipt, depositary, reconciliation, enquiry as well as the error processing.
1. Features
① Custody of funds by three parties: Margin or transaction amounts are placed in the regulatory accounts and managed by three parties - Hua Xia Bank, Equity Exchange and Exchange members. Equity Exchange cannot use the funds, customer funds are protected.
② Lock the transfer to/from Equity Exchange: Exchange members open bank accounts in Hua Xia Bank and bind with the Exchange member No.
③ Fast and highly efficient: Equity Exchange directly deducts amount from the member accounts via dedicated line.
④ Convenient service: Interbank accounts can be used for transfer to/from the Equity Exchange.
2. Transaction Flows




① Credit transfer: Customer transfers the funds to the regulatory account through various channels as the margin or transaction amount.
② Transaction: Customer bid or place tenders at the merchant.
③ Debit transfer: After the transaction, merchant transfers the amount to respective receiving account as margin refund or transfer for the transaction amount.
④ Reconciliation: Merchant can reconcile transaction details through direct interface with Hua Xia system.

Fee Schedule
Login Hua Xia Bank website, click “Fee Schedule” for details.

Steps
Sign up the service at the Hua Xia Counter. 

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.