Can Lakala Paypal swipe my own credit card? Will it have any impact on the credit card?
You can swipe your own credit card on Lakala mobile payment bank. But it's best not to brush. Swiping your own credit card is an illegal act of cashing out and can easily be detected by the card issuer. If the card issuer detects cashing out, the card will be suspended.
If you check the cash through UnionPay, it will be easy to find if the names are the same. It will affect the use of your credit card.
Extended information
New financial services
Credit information: Kaola Credit Information is an independent credit information company initiated by Lakala and jointly established with many well-known domestic listed companies. The three-party credit assessment and credit management agency is one of the only credit reporting agencies in China that has been licensed by the central bank to carry out corporate credit reporting and prepare to carry out personal credit reporting business. It focuses on workplace behavior research and credit-level large database resource support. A one-stop service platform for professional employment risk solutions.
Payment service
Convenient payment: Lakala community convenient payment service platform is Lakala’s first remote self-service banking intermediary business system. Through Lakala terminals installed in community shops, It realizes the four major functions of self-service banking, convenient payment, life services and financial services. More than 90 brand chain stores use Lakala self-service terminals as standard equipment.
Mobile payment: Lakala mobile payment develops mobile products based on traditional payment services, which can satisfy individual users and merchants to complete convenient payment, living payment, community e-commerce, and other services. [37-38] Provide users with safe, convenient, and fashionable mobile payment services, comprehensively enhance user experience, improve transaction efficiency, and create a new life for mobile payment.
POS acquiring: Lakala POS acquiring business is a professional acquiring service. Through the Lakala payment platform system [39], it continues to enrich and innovate acquiring products and expand value-added services; it provides merchants with professional It provides comprehensive and comprehensive acquiring and financial services, fully meeting payment needs such as scan code payment, NFC payment, chip card, and magnetic stripe card.
Cross-border payment: Lakala provides overall cross-border payment and settlement solutions for domestic and foreign merchants who carry out cross-border e-commerce. At the same time, Lakala cooperates with well-known domestic cross-border logistics and warehousing companies to provide merchants with cross-border logistics and warehousing solutions. Lakala has a cross-border payment business processing system and a professional cross-border business, product, operations and business team to provide partners with full-process solution design and services.
Reference resources: Baidu Encyclopedia: Lakala Service Introduction
Can Lakala accept credit cards?
Yes, but Lakala has unified standards and requirements for card swiping, such as:
1. Lakala supports debit cards with UnionPay logo to repay credit cards; Debit cards with UnionPay logo can be used to transfer funds to debit cards.
2. Credit cards with UnionPay logo are supported to recharge mobile phones.
3. Support debit cards with UnionPay logo to recharge Alipay.
4. Debit cards with the UnionPay logo are supported for payment to utility bills.
5. Support most of the bank’s personal financial services, daily payment, recharge and purchase of cards, consumption payment, business travel, interpretation ticketing, and entertainment reading.
6. Lakala supports the operation of bank cards with the UnionPay logo, but other card types are currently not supported. 1. Lakala can swipe your own credit card, and Lakala can also transfer money to other savings cards by using the Lakala transfer function. But this is a cash out, and the consequences if discovered are serious.
2. The behavior of arbitrage itself is not protected by law. The essence of cash-out is fictitious transactions or no transactions at all. Cardholders cannot get actual goods or services after swiping their cards like normal transactions.
3. Once the bank confirms illegal cash-out, it has the power to pursue the relevant responsible parties. At the same time, if there is a problem during the credit card swiping process and the credit card user loses money, the bank will not be responsible, let alone provide legal protection. As long as the bank discovers illegal cash withdrawals, it means that the cashier will be included in the bank's blacklist. In the future You will not be able to apply for home loans and car loans.
4. How long does it take for Lakala Paypal to arrive in your account after swiping a card? According to our understanding, the time for Lakala Paypal to arrive is D 1, which is mainly related to the transaction time. Transactions before 23:00 every day are generally credited to the account around 10:00 the next day, and no later than 4:00 p.m.; transactions after 23:00 every day are transactions for the next day, and are settled on the 2nd, which is the second day. The payment will arrive on one working day. The specific arrival time will be around 10 am, and it will not be later than 4 pm at the latest. But you can also activate the immediate withdrawal function, but transactions between 8:00 and 22:00 can be credited in real time, and transactions after 23:00 will also be credited the next day. However, it should be noted that a handling fee of 3 yuan/transaction is required for real-time withdrawal of credit card receipts. What should I do if the payment does not arrive when I swipe the Lakara Paypal card? If the payment is on a weekend or holiday, it will arrive on the next working day. In addition, you can check whether the bank card status is normal, whether payment has been stopped, etc. If that doesn't work, just call Lakala's national after-sales customer service hotline and ask the customer service to help check the transaction status.
How to use credit card in Lakala
Take Lakala version 9.3.1.9, Apple 13 (IOS15.2 system), Huawei mate40 (HarmonyOS2 system) as examples. After opening the POS machine, You can swipe the card, enter the amount and ask the cardholder to enter the password. After the password is correct, two receipts will appear.
After issuing the two receipts, sign the first one to the cardholder and keep the other one for easy reconciliation. Lakala also comes with its own QR code scanner, which supports Alipay and WeChat QR codes when making payments. Scanning consumer QR codes can prevent payment errors or underpayments.
Lakala was founded in 2005 with the mission of "creating value for operators and sharing results with creators". It owns business sectors such as Lakala Payment, Kaola Technology, and Industrial Fund Group.
Among them, Lakala Payment Co., Ltd. was listed on the Shenzhen Stock Exchange on April 25, 2019, with the stock code 300773.
Lakala Payment is a leading third-party payment company in China. We are committed to providing digital business services to merchants and assisting them in all aspects including payment, technology, supply, logistics, finance, branding, and marketing.
Lakala has always actively fulfilled its social responsibilities and shared with the society. It has donated more than 150 million yuan in total to support education and poverty alleviation in poor areas.
Main business
Providing payment technology, financial technology, e-commerce technology, information technology and other services to small, medium and micro merchants
Providing credit loans to small, medium and micro merchants , financial leasing, insurance brokerage, supply chain finance, factoring, credit rating and other services
Providing two major categories of business: merchant payment services and merchant technology services.
Personal payment business
①Convenient payment business
The Lakala community convenient payment service platform is a remote self-service banking intermediary business system independently developed by Lakala. It provides individual users with four major livelihood services: self-service banking, convenient payment, life services and financial services.
②Mobile payment business
Lakala mobile payment business mainly provides users with Internet value-added services and e-commerce services, covering three aspects: credit card business, mobile banking business, and life services. Provide users with comprehensive payment solutions.
③Other payment services
In recent years, Lakala has seized market opportunities and focused on developing emerging payment services such as collection, payment and cross-border payment.
Can I swipe my own credit card on the Lakara electronic signature POS machine?
Can Lakara’s electronic signature POS machine be used to swipe one’s own credit card? Is it safe? There is no need to worry. There is no problem in using Lakala to swipe your own credit card. As long as your financial situation is good and there is no risk of overdue repayment, there will be no problem.
1. Is Lakala POS machine safe?
To be honest, from the perspective of relevant policies and regulations, it is illegal for individuals to use POS machines to withdraw credit card limits for non-real transactions. But in reality, this operation is very common and is allowed by banks by default.
Why it is said to be very common can be seen from the data released by the Central Bank. The latest data released by the Central Bank shows that there are currently 35 million active POS machines in use in the country, and more than 90 of them are hand-swipe or electronic signature POS machines. . Real merchants will not use these two POS machines because they cannot issue paper receipts. These two POS machines can only be used by individual cash-out users.
2. What is Lakala POS machine
1. Traditional POS: supports settlement of corporate accounts, generally belongs to large and medium-sized merchants, and the monthly card payment requirement cannot be less than 35,000 yuan , if reached, a service fee of 50 yuan/month will be charged.
2. Lakala Collection: It supports the settlement of personal accounts of legal persons. It is a terminal product launched for small and micro merchants. It solves the difficulties for merchants in collecting payments, applying, settling, and providing services, etc. Question, it enriches the bank card processing and related service functions of merchants, and is an essential tool for merchants to open stores to collect payments, gather popularity, provide value-added services, and increase revenue generation. It can collect payments and is convenient for everyone, so it is very popular among small and micro merchants.
3. La-Kala pos machine (referred to as "collection treasure") is an exclusive intelligent multi-purpose payment terminal launched by Lakara company specifically for a large number of small, medium and micro merchants across the country. It is innovatively integrated into Lakala's proprietary convenient payment services such as credit card repayment, mobile phone recharge, online shopping payment, and game point card realize 4-in-1 collection, payment, payment, and recharge. It is an ideal way for merchants to open stores to collect payments, integrate popular value-added services, and increase revenue generation. Essential tool.
3. Product advantages:
1. Support Bluetooth card reader;
2. Add credit card repayment, transfer and other services;
3. Quick processing, simple procedures, convenient settlement, free communication fees, sound services, and value-added income;
4. Control sales and operating status at any time
Lakara POS function brush Credit card?
The Lakara POS machine can swipe credit cards.
Lakara POS machine has a wide range of uses.
The Lakara POS machine can not only swipe savings cards, debit cards, but also credit cards.
That’s it for the introduction of Lakala swiping his credit card.