Smart credit card repayment, the secrets you want to know but don’t know!
Another smart repayment APP has disappeared!
Hunan Satellite TV Urban Channel reported that the smart repayment app "Yangtihuan" ran away. The report said that a large number of agents lost their money and the police have intervened in the investigation.
In recent years, news about illegal payment platforms such as cardless payment APPs, smart repayment APPs, and overseas POSs running away and being blocked will appear in the official media every now and then.
The most sensational event was undoubtedly 2018, when Yunfu, the “first brother” of cardless payment, was wiped out in one pot. 11 members of the Yunfu team were arrested, and the amount involved was as high as 17.9 billion yuan.
Although each company has different ways of running away, the casualties of users and agents stepping on minefields are uniform.
Huge profits, irregularities, greed, ignorance, and the human blood buns swallowed up by the financial world can be explained by the eight characters.
1. There is nothing new under the sun
Profiteering is a constant theme.
Marx summarized this issue in a highly condensed way more than a hundred years ago.
Why are illegal payment platforms such as cardless payment, smart repayment, and overseas POS banned repeatedly and emerging in endlessly?
The entry barrier is low and the profits are attractive enough.
Register a company, develop or buy a set of software, connect several payment channels, and the shelf is set up.
The rest is selling and waiting for the opportunity to run away.
This is somewhat similar to P2P and Gaopao online loans. P2P and Gaopao loans are to buy one or more sets of APPs and backends, and then buy a blacklist database to start cooking.
The difference is:
P2P and Gaobao Loan mainly obtain customers by purchasing network traffic, and make money by running away and violent collection;
Illegal payments rely on Agents acquire customers through layers of agents, and make money by relying on agency fees, banknotes, and fraud.
2. Routine dismantling
There are three main types of money fraud schemes for cardless payment, smart repayment, and overseas POS:
Agency fee
Run away with the money
Theft
Cardless payment and smart repayment have developed to this day, and most of them have been integrated into one.
The logic of dismantling agency fees——
This type of APP has no intention of developing real paying users from the beginning.
The core money-making logic is agency fees.
First, there will be many levels of agents and the agency fees will be very high.
Top agents generally require agency fees of hundreds of thousands or even millions, and entry-level agents generally require agency fees of hundreds or thousands of dollars.
Second, when a superior agent develops a subordinate agent, the agency fee and commission ratio are very high.
For example, the first-level agency fee is 500,000, and the second-level agent fee is 300,000.
When a first-level agent develops a second-level agent, the agency fee will be increased by 60%.
Then, every time a first-level agent develops a second-level agent, he can earn 180,000.
Thirdly, this "high commission" MLM model must be combined with high profit sharing by card swiping.
Under this model, the profit sharing ratio must be high enough.
Dividends of RMB 200,000 to RMB 300,000 are common.
Why do we need to set profit sharing beyond the limit?
Because we need to make the pie big enough, how can we recruit agents if the pie is not big enough?
Dismantling the logic of running away with the money -
Many smart repayment apps may not be prepared to run away at the beginning, really.
But every smart repayment APP has a critical point when it runs away.
This point depends on the specific value of the actual controller's resistance to the temptation of funds:
100 million, 500 million, 1 billion, 10 billion?
To name a few!
Business process of the smart repayment APP:
Users download and register the smart repayment APP;
Tie their own credit cards in, validity period, name, CVV2 security The code, payment password, and bound mobile phone number are all given to the platform;
The platform writes all the cardholder information into the database;
Then the user can set daily settings in the APP For the card swiping time, you can also choose the platform’s default (smart) selection;
When the card swiping time comes, the platform will take the user’s information and swipe the merchants in the cooperative payment channel;
The entire payment process does not require a payment password! ! !
Instead, the platform records your password and enters the payment password "on your behalf" every time you make a payment.
Then, according to the platform settlement time, the funds after deducting the handling fee will be returned to the bound credit card.
The cycle of stealing continues like this over and over again.
This is also the reason why some conscientious agents, after discovering that the platform they represent has disappeared, will notify their friends who have been dragged into the trap in their circle of friends to change the payment password as soon as possible and report the loss and stop payment.
When there are more and more platform users, as a second-clearance platform, an increasing amount of funds will be deposited in its platform account.
This unregulated money is tempting platform controllers every moment -
Brothers, take the money and run away!
The logic of fraud——
Whether it is smart repayment or overseas POS, it is not subject to the supervision of the central government.
The consequence of not being supervised is that your card will pass through his place.
It becomes a transparent card.
All the information on the card and the card password will be stolen (boldly) and saved.
These secretly saved information may be sold to the black market,
or the platform may resell it and operate it directly,
Theft completed!
3. Greedy game, ignorant tuition
When the first and second generation take the bait of the agency fee scheme, most of them have the same mentality.
What they are gambling on is simply to get more "offline" people before the platform runs away.
They will not even think about earning profits by developing "card swiping users".
It’s too slow to get money from profit sharing!
They are used to eating steamed buns made of human blood with various routine platforms.
But if you often walk by the river, how can your shoes not get wet!
Sometimes, the platform disappears before the agency fee can be earned back from the head-sharing split.
At this time, these top agents who are well versed in world affairs will form a group to report the case, find media exposure, etc.
The race between the head agent and the platform is a time-consuming race between the greedy and the greedy. We are willing to admit defeat.
What is really pitiful are the cardholders who use the platform APP developed by the lowest-level agent.
Most of those who need to use smart repayment software to repay are on the verge of debt bankruptcy - their monthly income can no longer pay off their credit cards, or even their monthly bills after installments.
Under the advertisement that "5% of the retained balance can pay off 100% of the debt".
This group of people seems to have grasped the last straw.
I have been using Meizizi for a month and am very satisfied!
And then become a fan and promoter, and encourage friends around you to use the "artifact" together.
Suddenly one day, the platform failed to repay the loan as scheduled, but deducted the payment as scheduled.
He ran to find the agent, and the agent told him that the platform had run away and he was defrauded of XX million yuan.
And we share the same hatred with him, vowing to report the case to the end.
Three months later, the agent sent him a WeChat message: Brother, I am an agent for XX Zhihuan, this one is 100% reliable.
Is credit card smart repayment a scam?
Nowadays, credit cards have become an indispensable payment tool in most people’s lives. Due to its powerful overdraft function, more and more people can't wait to taste the sweetness of early consumption by using credit cards.
However, as the credit card market gradually expands, many criminals have set their sights on the big fat card and have made bad intentions. So everyone must be careful when using credit cards. "Credit card smart loan repayment" has become popular recently, and many friends must be confused. What is "Credit Card Smart Loan Repayment"? Why is it so popular? Next, I will talk to you in detail about "Smart Credit Card Loan Repayment".
What is credit card smart loan repayment?
We all know that there is usually about 20 days between the credit card bill and the final payment date. During this period, as long as the total amount repaid by the borrower is greater than the bill amount, then The bill will be paid off. Many "credit card smart repayment" apps on the market are based on this principle, charging a deposit of 5% to 10% of the bill, and then using part of the amount to achieve repayment based on the bank's repayment requirements.
Is credit card smart loan repayment a scam?
As long as it is related to online lending, there will be certain risks. "Credit Card Smart Loan Repayment" is just a way to help those who cannot pay off their credit card bills on time due to financial problems. The key is to choose reliable software and a reliable platform, so that security can be guaranteed. If you choose a formal and safe platform, this repayment method has certain benefits.
First of all, it can help you solve the problem of being unable to repay your credit card in time and avoid overdue payments. Secondly, it is smart. During the repayment period, the system will automatically help you do it without tedious operations. The most important thing is that banks like small-sum consumer users very much. The higher the frequency of consumption, the more they will be recognized by the bank as high-quality users. Therefore, it can help you beautify your bills and be very helpful in increasing your credit card limit.
The above are the relevant issues related to "smart loan repayment" that I have summarized for you. I hope it will be helpful to everyone. Finally, I would like to remind everyone that you need to be careful when using credit card balances, and choose a reliable and large platform for smart loan repayment to avoid losing more than you gain.
Is credit card smart repayment reliable?
We know that credit cards have interest-free periods, that is, you can spend in advance and pay back after dozens of days. During this period, Banks waive interest. Consumers can generally enjoy an interest-free period of 50 to 60 days (different from bank to bank), which is equivalent to the bank lending consumers an interest-free loan of about 2 months. This is also the most attractive thing about credit cards. place.
Credit cards make it very convenient for consumers to go out for consumption, and bring great consumption pleasure to the daily lives of "card holders". How to make good use of credit cards through legitimate channels and methods, so that you can save more and more every time you spend, so that you can manage your finances and spend your money properly.
But sometimes due to insufficient funds, the credit card may not be used. Okay, so what should we do at this time? One method is credit card smart repayment, so what is credit card smart repayment?
Credit card smart repayment says that you can pay off your bill in full with 5% of the bill amount. You only need to set up a simple plan to automatically execute it without manual operation. And because this kind of smart repayment is done at established merchants with points, it is very helpful for increasing the credit card limit.
However, it is best to repay the credit card in full directly. If it is indeed due to financial difficulties, you can try smart credit card repayment.
In fact, the so-called smart repayment means that there is a system to directly realize payment and repeat repayment and payment. In other words, there is a system to realize smart repayment and smart card swiping. The so-called "swiping a card", to put it bluntly, is nothing more than cashing out. In this way, as long as 5-10% of the original limit is reserved in the user's credit card, the system can realize automatic repayment.
Is the smart repayment credit card platform reliable?
Smart repayment software is not reliable, especially when using APP credit card smart repayment, be careful of loan traps.
In fact, smart repayment involves repeated cash-out and repayment. Once the "cash-out" is confirmed by the bank, you may face negative consequences such as a reduction in credit limit, and in serious cases, you may even violate the law. Therefore, it is not only illegal for consumers to use "smart repayment APP", but they will also fall into other loan traps.
The National Internet Financial Security Technical Expert Committee’s announcement on the risk inspection of new Internet financial formats mentioned that the National Internet Financial Risk Analysis Technology Platform discovered a business model that combines “credit card repayment” with Internet finance. It is said that this type of business involves issues such as illegal cashing out of credit cards, high fees charged by the platform, and the security of user credit card information, and the potential risks are worthy of attention.
According to statistics from the National Internet Financial Risk Analysis Technology Platform at that time, credit card repayment platforms mainly existed in two forms: websites and APPs, and some platforms operated both websites and APPs. The technology platform has monitored more than 140 agency return platforms, among which there are more than 70 related website platforms and more than 80 APPs in operation.
This is the end of the introduction about which platform is better for credit card smart repayment and credit card smart repayment software. I wonder if you found the information you need?