Therefore, digital credit cards cannot be swiped directly on the POS machine, but only through the payment function of the mobile phone and the third-party payment app.
Operating environment: Redmi K20MIUI 1 1.0.4 China UnionPay Express: 8.0.3.
I. Physical credit cards and digital credit cards:
Credit cards usually refer to physical credit cards issued by banks. As long as users have good personal credit and sufficient repayment ability, they can apply for credit cards online and offline. Credit card is a credit payment tool within the bank's credit limit.
Digital credit card is also a credit card product launched by banks. Different from ordinary physical credit cards, digital credit cards are a new type of credit cards introduced by banks. A digital credit card without a physical card is essentially a virtual card, but it still has virtual card number, security code, expiration date and other information.
Digital credit cards are different from ordinary credit cards. Digital credit card can't be paid directly by credit card, and it must be attached to the mobile payment platform to be used and consumed. For example, you can directly bind a digital credit card to a third-party payment platform such as WeChat and Alipay, and you can complete the payment. Although the digital credit card has no physical card, it avoids the trouble of reporting the loss of the credit card; On the other hand, digital credit cards rely entirely on network data, and there are also network security risks.
2. The general differences between digital credit cards and physical credit cards are as follows:
1, different card forms:
Digital credit card is actually a virtual credit card without a physical card. It consists of a set of information, such as the card number, CVV2 code and expiration date of the virtual card.
Ordinary credit cards are real cards, and the bank sends us physical cards.
2. Different credit card forms:
Digital creditors need other mobile payment tools, such as Alipay, WeChat, China UnionPay Express and JD.COM.
The physical card can be bound for consumption or swiped online.
3. Different repayment methods:
Digital credit cards can only be repaid online, such as through Alipay, WeChat and mobile banking.
In addition to online transfer repayment, physical cards can also be inserted into ATM machines to save money for repayment.