Design An Ecommerce Payment System | System Design
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.
Intro to Payment System Video: • Introduction to Payment Systems | Sys...
System Design Playlist: • System Design Beginner's Course 2022
Notes: https://pdfhost.io/edit?doc=9467c133-...
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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
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