Online merchant loans cannot be repaid directly to the credit card, but the money can be withdrawn to repay the credit card.

After disbursing money from online merchants, it is best for users to transfer the money from the receiving bank card to other bank cards, and then use other bank cards to repay. It is also possible to repay the credit card directly with the receiving bank card, but it cannot be ruled out that it will trigger the risk control of online merchant loans. Therefore, a safer approach is for users to transfer more times, so that the monitoring of online merchant loans will become smaller.

Of course, there are also many users who directly use the receiving bank card to return the credit card, but no risk control is triggered. It can only be said that these users have better luck.

MyBank’s online business loan is a loan product that serves small and micro enterprises and entrepreneurs. MYBank is China's first commercial bank whose core system is based on cloud computing architecture, initiated and established by Ant Financial as a major shareholder. Ant Financial is a financial services company owned by Alibaba.

Online Business Loan is a financial loan service launched by Alipay to meet personal business needs. It is a pure credit personal loan. The longest repayment period is 12 months. Interest is calculated on a daily basis during the loan period. The expected annualized interest rate is 0.018. At present, many users have launched this service. Online merchant loans have two different loan methods, one is the express version and the other is the standard version. The maximum loan limit of the express version is 500,000 yuan, while the maximum loan limit of the standard version is as high as 2 million yuan.

MyBank is China’s first commercial bank whose core system is based on cloud computing architecture, initiated and established by Ant Group as a major shareholder. As one of the first five private banks in China approved by the China Banking Regulatory Commission, it officially opened on June 25, 2015.

On April 27, 2020, MYbank released its 2019 annual report. Data shows that MYbank’s net profit in 2019 was 1.25 billion yuan, and its non-performing loan ratio was 1.3. As of the end of 2019, MYbank has served a total of 20.87 million small and micro enterprises and individual operators, an increase of 70% year-on-year.

In recent years, the development of science and technology has greatly increased the availability of small and micro loans in China. More than 30 million small and micro operators have used contactless loans from MYbank. Their average loan per household does not exceed 40,000, and in the past 70 Never obtained a bank operating loan.