Can I swipe my own credit card on the Lakara electronic signature POS machine?

Can the Lakala electronic signature POS machine be used to swipe your own credit card? Is it safe? There is no need to worry. There is no problem in using Lakala to swipe your own credit card. As long as your financial situation is good and there is no risk of overdue repayment, there will be no problem.

1. Is Lakala POS machine safe?

To be honest, from the perspective of relevant policies and regulations, it is illegal for individuals to use POS machines to withdraw credit card limits for non-real transactions. But in reality, this kind of operation is very common and is allowed by banks by default. Why it is said to be very common can be seen from the data released by the central bank. The latest data released by the central bank shows that there are currently 35 million active POS machines in use in the country, and more than 90% of them are hand-swipe or electronic signature POS. machine. Real merchants will not use these two POS machines because they cannot issue paper receipts. These two POS machines can only be used by individual cash-out users.

2. What is Lakala POS machine

1. Traditional POS: supports settlement of corporate accounts, generally belongs to large and medium-sized merchants, and the monthly card payment requirement cannot be less than 35,000 yuan , if reached, a service fee of 50 yuan/month will be charged.

2. Lakala Collection: It supports the settlement of personal accounts of legal persons. It is a terminal product launched for small and micro merchants. It solves the difficulties for merchants in collecting payments, applying, settling, and providing services, etc. Questions, it enriches the bank card processing and related service functions of merchants, and is an essential tool for merchants to open stores to collect payments, gather popularity, provide value-added services, and increase revenue generation. It can collect payments and is convenient for everyone, so it is very popular among small and micro merchants.

3. La-Kala pos machine (referred to as "collection treasure") is an exclusive intelligent multi-purpose payment terminal launched by Lakara company specifically for a large number of small, medium and micro merchants across the country. It is innovatively integrated into Lakala's proprietary convenient payment services such as credit card repayment, mobile phone recharge, online shopping payment, and game point card realize 4-in-1 collection, payment, payment, and recharge. It is an ideal way for merchants to open stores to collect payments, integrate popular value-added services, and increase revenue generation. A must-have tool.

3. Product advantages:

1. Support Bluetooth card reader;

2. Add credit card repayment, transfer and other services;

< p>3. Quick processing, simple procedures, convenient settlement, free communication fees, sound services, and value-added income;

4. Control sales and operating conditions at any time

Lakala can use credit cards ?

Yes, but Lakala has unified standards and requirements for card swiping, such as:

1. Lakala supports debit cards with UnionPay logo to repay credit cards; Debit cards with UnionPay logo can be used to transfer funds to debit cards.

2. Credit cards with UnionPay logo are supported to recharge mobile phones.

3. Support debit cards with UnionPay logo to recharge Alipay.

4. Debit cards with the UnionPay logo are supported for payment to utility bills.

5. Support most of the bank’s personal financial services, daily payment, recharge and purchase of cards, consumption payment, business travel, interpretation ticketing, and entertainment reading.

6. Lakala supports the operation of bank cards with the UnionPay logo, but other card types are currently not supported.

Lakara can swipe your own credit card, and Lakara can also transfer money to other savings cards, just use the Lakara transfer function. But this is a cash out, and the consequences if discovered are serious.

The act of arbitrage itself is not protected by law. The essence of cash-out is fictitious transactions or no transactions at all. Cardholders cannot get actual goods or services after swiping their cards like normal transactions.

Once the bank confirms illegal cash-out, it has the power to pursue the relevant responsible parties. At the same time, if there is a problem during the credit card swiping process and the credit card user loses money, the bank will not be responsible, let alone provide legal protection. As long as the bank discovers illegal cash withdrawals, it means that the cashier will be included in the bank's blacklist. In the future You will not be able to apply for home loans and car loans.