Public-to-public transfer on Alibaba means that the buyer first transfers the money to the online merchant bank, and then the online merchant bank transfers the money to the seller after the buyer confirms the receipt of the goods, so as to ensure the transaction security of both parties.

"Public-to-public transfer" is a function derived from Alibaba to improve customer experience and facilitate offline customers to transfer to online. Similar to Alipay transactions, if the merchant is a customized product, it is also necessary to open a phased payment, and arrange production after the deposit is received or the contract is signed first.

Extended information

Several ways of public-to-public transfer in the "Alibaba" software:

1. Checks are issued by the drawer, and the bank or other financial institution entrusted with the check deposit business unconditionally pays the determined amount to the payee or holder upon seeing the check.

2. Bank drafts are bills issued by the issuing bank, which unconditionally pay the payee or holder according to the actual settlement amount upon seeing the bill. The issuing bank of a bank draft is a bank approved by the People's Bank of China to handle bank drafts.

3. Bank acceptance bills are a type of commercial bills, which are issued by a depositor who has opened a deposit account at the accepting bank, applied to the opening bank and accepted by the bank after review, and guarantee to pay a certain amount to the payee or holder unconditionally on a specified date.

4. Collection and acceptance refers to a settlement method in which the payee entrusts the bank to collect payment from the purchasing unit in another place after the goods are shipped according to the purchase and sales contract, and acknowledges the payment to the bank after checking the goods according to the contract or the certificate.