What does Alipay account mean?

Alipay account is the name of Alipay account registered by users on Alipay website. Alipay account is a function set by Taobao company to solve the security of online transactions. The buyer transfers the payment to Alipay account, and Alipay will inform the seller to deliver the goods. After receiving the goods confirmation, the buyer will instruct Alipay to transfer the payment to the seller, thus completing an online transaction.

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Introduction and use of Alipay:

Alipay is a function set by Taobao to ensure the security of online transactions. Its existence is a measure to meet the needs of users to improve security in the online shopping process. Alipay was founded in 2004 by Jack Ma's Alibaba Group.

Always regard "trust" as the core of products and services. It not only ensures the safety of users' online payment from the product, but also allows users to establish mutual trust between networks through Alipay, which is a very meaningful step for establishing a pure Internet environment.

Alipay adopts the third-party secured transaction mode. First, the buyer buys the goods, and then pays to Alipay account, so Alipay will notify the seller to deliver the goods after receiving the money. After the seller delivers the goods, he will wait until the buyer receives the goods to confirm the receipt. After receiving the buyer's confirmation instruction, Alipay will pay the money paid by the buyer to the seller, thus completing a transaction.