Suspected cashing is usually reduced or frozen by banks. After being frozen, the cardholder will submit the consumption details to the bank for review to prove that the credit card has not been cashed out.
One: Cash-out is a personal capital, which refers to using the same product in different markets or profiting from other markets.
Second, illegal cashing generally refers to handing over the Supreme People's Procuratorate's explanation on criminal cases of obstructing credit card management by illegal or false means. Cash withdrawal refers to the direct payment of cash to credit card holders by means of fictitious transactions, false pricing, cash return, etc. by means of point-of-sale terminal equipment (POS machines) in violation of state regulations. In China UnionPay, the risk management rules of UnionPay card acquirers to merchants are: the merchants collude with bad cardholders or other third parties, or the merchants themselves take cash by virtual transactions.
Three: Empty card cashing
Empty card cashing is actually a method of cashing by credit card. Here is a brief introduction to the empty card cashing of credit cards.
Conventional credit card cashing means that within the credit limit of your credit card, you will be paid in full, and other institutions will give you cash immediately. This method requires a handling fee ranging from 1.5-3%.
In the case of cashing in an empty card, withdraw cash from the credit card. The withdrawal amount can be that it is relatively difficult to complete your credit cashing. Cash card, and the handling fee is relatively high, the highest is 25%, and the lowest is about 15%. Some merchants, such as Gome, buy electrical appliances by credit card installment, and as for the goods they buy, the intermediary will return them to the mall in some way.