Credit card swiping cannot be transferred to Alipay for cash withdrawal. The central bank issued an announcement to publicly solicit opinions from the public on the "Measures for the Administration of Internet Payment Business of Payment Institutions". The announcement stated that customers are not allowed to use credit card overdrafts to recharge payment accounts.
Article 20 of the announcement states that customers should recharge their payment accounts through associated bank accounts. If there is no associated bank account, the payment account can be recharged through a non-associated bank account or a prepaid card of the same payment institution approved by the People's Bank of China for "online real-name payment account recharge only".
For recharge through non-associated bank accounts or prepaid cards from the same payment institution, the cumulative monthly recharge amount of the same customer shall not exceed 1,000 yuan. Funds recharged through prepaid cards from the same payment institution can only be used for Internet payments and cannot be redeemed.
Extended information:
If the payment card transfers to the payment account, it can only be used for consumption, and no cash can be cashed out through transfer or disguised form.
"Measures for the Administration of Online Payment Business of Non-Bank Payment Institutions"
Article 13 When a payment institution handles transfers from prepaid cards issued by the institution to payment accounts for customers, it shall comply with the "Payment The relevant provisions of the "Measures for the Administration of Institutional Prepaid Card Business" [People's Bank of China Announcement [2012] No. 12) stipulate that the balance transferred from the prepaid card to the payment account is managed separately and can only be used for consumption. It is not allowed to transfer money, purchase investment, financial management and other financial services. Cash out or cash out in disguised form through products and other forms.
CCTV.com - Customers are not allowed to use credit card overdrafts to recharge payment accounts
Baidu Encyclopedia - Management Measures for Online Payment Business of Non-bank Payment Institutions