It is not illegal to repay on behalf of others. However, the credit card pad also involves the repayment, which is brushed out in the form of cash. However, in the recent Interpretation on Several Issues Concerning the Specific Application of Laws in Criminal Cases of Impairment of Credit Card Management, it is clearly stipulated that cashing out is illegal.

The Interpretation also stipulates: "In violation of state regulations, using point-of-sale terminal equipment (POS machines) and other methods to directly pay cash to credit card holders by fictitious transactions, false pricing, cash return, etc., if the circumstances are serious, it shall be punished as illegal business operation according to the provisions of Article 225 of the Criminal Law."

the essential feature of credit card cashing is to directly convert the credit line in the credit card into a cash set by cheating. Because the cash-out funds are separated from the normal credit management channels of banks and the management sight and control of the regulatory authorities, it has seriously damaged the management order of China's financial market and buried unstable factors in the overall financial order of the country. Extended information:

The essential feature of credit card cashing is to convert the credit line of credit card into cash set by deception. Cash-out merchants collude with cardholders to make false transactions with credit cards, which is actually a disturbance and violation of financial order.

before, due to the lack of clear legal basis, the relevant departments could only impose soft penalties on cashing merchants such as taking back POS machines and stopping transactions, and it was difficult to effectively curb the spread of cashing behavior from the source. According to statistics, in 29, China UnionPay alone helped to confirm nearly 3, cash-out cases, amounting to several billion yuan.

At the same time, the Interpretation stipulates that if the amount is more than 1 million yuan, or if the financial institution's funds are overdue for more than 2, yuan, or if the financial institution's economic losses are more than 1, yuan, it shall be deemed as "serious", and according to the relevant provisions of the Criminal Law, it may be "sentenced to fixed-term imprisonment of not more than five years or criminal detention, with a fine of not less than one time but not more than five times the illegal income".

for "especially serious cases", ok? "For more than five years, and impose a fine of not less than one time but not more than five times the illegal income or confiscation of property". Baidu Encyclopedia-Credit Card Fraud Baidu Encyclopedia-Credit Card Cash Out