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 been involved 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’s tactics of running away are different, the casualties of users and agents stepping on minefields are uniform.

Huge profits, irregularities, greed, ignorance, and financial fraud are the human blood buns swallowed up by the eight characters.

1. There is nothing new under the sun

Profits are a constant theme.

Marx summarized this issue in a highly condensed way more than a hundred years ago.

Why do illegal payment platforms such as cardless payment, smart repayment, and overseas POS continue to be banned and emerge in endlessly?

The entry barriers are 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 anti-aircraft guns online loans. P2P and anti-aircraft guns loans are to buy one or more sets of APPs and backends, and then buy a blacklist database, and then you can start cooking.

The difference is:

P2P and Gaobao loans mainly acquire 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

Taking the money and running away

Fraudulent transactions

With the development of cardless payment and smart repayment, most of them have been integrated into one.

Agency fee dismantling logic——

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.

Third, 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.

Profits can easily reach RMB 200,000 to RMB 300,000.

Why do we need to set the profit share beyond the cost price?

Because you need to make the pie big enough, how can you recruit an agent if the pie is not big enough?

Dismantling the logic of running away with the loan——

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 ability to resist the temptation of funds:

100 million, 500 million, 1 billion, 10 billion?

To name a few!

Business process of smart repayment APP:

User downloads and registers smart repayment APP;

Binds his/her credit card, card number, validity period, name, CVV2 The security 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 You can also choose the platform’s default (smart) selection for the card swiping time;

When the card swiping time comes, the platform will use the user’s information to 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" each 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 the circle of friends to change the payment password as soon as possible, report the loss and stop the payment.

As the number of platform users increases, as a second-clearance platform, an increasing amount of funds will be deposited in its platform account.

These unregulated money are tempting the 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 go through another time.

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 idea.

What they are gambling on is nothing more than getting 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 already well versed in world affairs will organize a group to report the case, find media exposure, etc.

The time race between the head agent and the platform is a game between the greedy and the greedy, and they 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 seemed to have grasped the last straw.

I have been using Meizizi for a month and am very satisfied!

Then become a fan and promoter, and encourage friends around you to use the "artifact" together.

Suddenly one day, the platform no longer repaid 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 defend our rights and 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.