There are many APPs on the Internet that automatically repay the loan for you, so that you do not have to manually repay the loan every month. So what is the specific working principle?
The working principle of the credit card automatic repayment software is to bind the credit card to the APP and pay 5% of the funds to the merchant account on the APP platform through quick payment. The merchant account on the platform entrusts the funds to a bank. The payment is made to the customer's debit card, and then the customer's debit card is deducted back to the credit card through the small-amount deduction channel of a payment company or a bank.
What are the risks of this automatic return APP?
The platform has no qualifications and no supervision. The bank card information collected through the platform will be intercepted, and there is a huge risk of bank card information leakage. Example 1: Because the user has bound quick payment on this platform, the credit card element information has been leaked, and the platform can complete the fraud. Example 2: Since the customer authorized the deduction of the savings card on the platform, the customer seriously underestimated the importance and severity of the authorized deduction. Therefore, the customer can transfer the savings card to another savings card by authorizing the deduction without notification. password.
Fast payment channel fee: about 0.38%, individual banks have points, because the cost of fast payment channel depends on the Internet payment company going to each bank to connect the channel individually, company background, transaction scale, company strength and other factors Facilitating the final negotiation to reach a charging standard, most Internet payment companies charge around 0.3%-0.4%. For example, WeChat Alipay, because it is an Internet giant, its various hard and soft powers make it extremely powerful in bargaining, and the average fee charged to it by each card issuer is no more than 0.1%.
Withholding channel handling fee: This channel can be packaged as so-called fast. It was originally used for ordinary people to pay public services online. The cardholder can authorize withholding. This channel is based on the industry Different, the cost is also different. Some highway toll payment channels are even 0 yuan/transaction, some are 2 yuan/transaction, 3 yuan/transaction. These channels are encapsulated and put in, and are used for quick payments such as 35 yuan, 50 yuan, etc. . Many fake quick payment channels on the market are withheld, and are usually transferred back and forth, with each party taking a commission, so there are various rates. The lowest rate is mainly used in the cash-out industry. There is a cap of 30 yuan/transaction, and there are also proportions ranging from about 0.2%, 0.25%, and 0.3%.