Can I use my credit card on my POS machine?
1. Yes. 2. If it is handled with your business license. Then brush less on yourself. Can be brushed occasionally. 3. If it is brushed by hand. Then it can be brushed.
You can cash out through online POS, and the handling fee is very low 0.4%~0.6%; if you swipe your own credit card at the POS machine with your own name, then don’t you take the initiative to ask the bank to freeze your credit card and POS machine? Dig your own hole and jump out of it?
Your own credit card cannot be used on your own POS machine.
The POS machine under your name is contracted with a bank, and these are recorded. If you use your own credit card to swipe your card at your POS machine, it will probably be considered an illegal cash out, and not only will the limit not be increased, On the contrary, the credit limit may be reduced, or more seriously, the card may be blocked or transactions may be restricted by the bank.
In addition, according to the relevant laws of our country, it is illegal to use credit cards to cash out illegally. If the amount is huge or the circumstances are serious, not only the bank can sue you, but it may also violate criminal law.
It depends on the situation. If it is a handheld POSS machine (used on mobile phones), then you can swipe your own. If it is a fixed landline, then it is not possible. I can use my own credit card on my own. Can you swipe it on the POS machine?
Hello friends
You can swipe your own credit card on your own POS machine. Don’t have too many numbers, otherwise it will be more obvious, you know. Can I use my credit card at the POS machine I own?
1. When I saw your headline, I felt that there is no rule saying that you cannot swipe your credit card on your own POS machine.
2. But after opening your question, I know that your purpose is to cash out. This is currently the top risk prevention issue for UnionPay and all card-issuing banks.
3. Cash-out by merchants is often caused by credit card defaults, and some merchants charge high fees for helping cash-out on credit cards.
4. Once it is confirmed that the merchant has cashed out, the acquiring bank will cancel the merchant's POS machine. UnionPay has developed a risky merchant sharing system. Each card-issuing bank will regularly report the risky merchants and suspected risky merchants among its special merchants for all UnionPay member institutions to share. In other words, after being on this list, you can no longer apply for a POS machine. Can I use my credit card on my own POS machine?
It depends on which POS machine you use:
1. Traditional POS machines are not allowed;
2. Audio mobile phone card swipe is possible;
3. Bluetooth MPOS is possible;
4. Cardless quick payment is possible;
It’s best not to do this. If you use a third-party payment machine, you can make POS with your family’s name