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Design An Ecommerce Payment System | System Design
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Let’s talk about payment systems in the context of a marketplace product, such as an ecommerce system where you have both a buying party and a selling party.
In applications like that, you need to have a separate pay-in flow and a pay-out flow. We will look into both those flows.
We also talk about some technical details such as a double-entry ledger system and how to reconcile or fix financial inconsistencies.
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00:00 Introduction to Payment System
00:58 High-Level Features
02:40 Pay In & Pay Out Flow
05:24 Design Pay In Flow
09:18 Design Pay Out Flow
12:25 Double Entry Ledger
13:27 Reconciliation Method
16:20 Summary & Outro
#systemDesign #programming #paymentSystem
In applications like that, you need to have a separate pay-in flow and a pay-out flow. We will look into both those flows.
We also talk about some technical details such as a double-entry ledger system and how to reconcile or fix financial inconsistencies.
🥹 If you found this helpful, follow me online here:
00:00 Introduction to Payment System
00:58 High-Level Features
02:40 Pay In & Pay Out Flow
05:24 Design Pay In Flow
09:18 Design Pay Out Flow
12:25 Double Entry Ledger
13:27 Reconciliation Method
16:20 Summary & Outro
#systemDesign #programming #paymentSystem
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