Alipay+Alipay+

Select reconciliation mode

Alipay+ provides two reconciliation modes:

  • Standard reconciliation: In this mode, Alipay+ performs only one batch of clearing and settlement for an ACQP, and provides only one set of report files.
  • Multi-batch reconciliation: In this mode, Alipay+ performs multiple batches of clearing and settlement for an ACQP, and provides multiple sets of report files.

Multiple-batch reconciliation

Multi-batch reconciliation is intended for those ACQPs that perform split settlements. For example, ACQPs that are integrated with AlipayCN or Technical Service Providers (TSPs), or settle in multiple currencies. See the following section for details.

For ACQPs integrated with AlipayCN

For ACQPs that are integrated with AlipayCN and other Alipay+ MPPs:

  • A set of reports is dedicated to AlipayCN only. The file structure/directory/filename rules are the same, only the partner agreement ID is different in the filename.
  • Alipay+ sends the settlement funds to the ACQP separately for AlipayCN transaction. The settlement cycle, settlement calendar, and minimum settlement amount are different, following AlipayCN settlement generation rules. By default, AlipayCN settles on every T + 1 day.

For ACQPs with multiple settlement currencies

For ACQPs that settle in multiple currencies, each settlement currency gets a set of reports.

For ACQPs integrated with TSPs

The following table lists the differences between the two reconciliation modes.

Item

Standard Reconciliation

Multi-batch Reconciliation

Application scenarios

This mode is used when the ACQP cooperates with one TSP for transactions in one region and one currency.

Scenario 1: when the ACQP cooperates with more than one TSP for transactions in one region and one currency.

Scenario 2: when the ACQP cooperates with one TSP for cross-border transactions, i.e., transactions in multiple currencies.

Presiquites

N/A

Scenario 1:

To perform the multi-batch reconciliation, the ACQP needs to complete the following two steps:

  1. Apply to Alipay+ for splitSettlementId, a unique ID that is assigned by Alipay+ for multi-batch reconciliation. For every TSP, a unique value of splitSettlementId is needed.
  2. Provide each TSP with a unique value of splitSettlementId, and ensure that the TSP specifies this parameter when calling the pay API.

Scenario 2: N/A

Clearing

For all transactions that are operated by the TSP in an agreed cycle, Alipay+ performs one batch of clearing.

Scenario 1: For transactions that are operated by each TSP in an agreed cycle, Alipay+ performs a batch of clearing.

Scenario 2: For transactions that are operated in each currency in an agreed cycle, Alipay+ performs a batch of clearing.

Settlement

For all transactions that are operated by the TSP in an agreed cycle:

  • Alipay+ performs one batch of settlements.
  • Alipay+ transfers one batch of funds to the ACQP's bank account.

Scenario 1: For transactions that are operated by each TSP in an agreed cycle, Alipay+ performs a settlement and transfers a batch of funds to a bank account.

Scenario 2: For transactions that are operated in each currency in an agreed cycle, Alipay+ performs a settlement and transfers a batch of funds to a bank account.

Report generation

Alipay+ generates only one set of report files for the ACQP, including three clearing reports and one settlement report.

Alipay+ generates multiple sets of report files for the ACQP. Each set consists of three clearing reports and one settlement report.

Report download

The ACQP uses one account to download the set of report files.

Scenario 1: The ACQP uses a unique account to download each set of report files.

Scenario 2: The ACQP uses one account to download all sets of report files.

For ACQPs with the need for multi-batch reconciliation

ACQPs with the need for multi-batch reconciliation needs to complete the following two steps:

  1. Apply to Alipay+ for splitSettlementId, a unique ID that is assigned by Alipay+ for multi-batch reconciliation. For each unique value of this parameter, Alipay+ performs a batch of clearing and settlement, and transfers a batch of funds to the ACQP's bank account.
  2. Ensure that the payment requests of the the pay API specifies the splitSettlementId parameter.