It is understood that the current use of POS machines to cash out credit cards can be seen everywhere. In the streets, all kinds of credit card cash advertisements emerge one after another. However, in terms of cash withdrawal rate, the cash withdrawal rate of "Shoubaobao" POS credit card is 1%, which is twice as high as the 0.5% fee in the current small advertisement, but compared with the bank ATM credit card withdrawal fee, this fee is still relatively low.
Moreover, the behavior of withdrawing cash from credit cards through POS machines can avoid the daily interest of five ten thousandths generated by withdrawing cash from credit cards through bank ATMs.
Although the handling fee of credit card cash installment business will be higher than the handling fee rate of installment products consumed by the issuing bank, it does not charge interest and is lower than the cost of direct cash withdrawal by credit card: daily interest 0.05%+ cash withdrawal fee (65438+ 0% of the cash withdrawal amount).
How do experts view Lacarra "cash treasure" POS machine?
Some insiders said that the entry threshold of personal POS machines is lower than that of traditional POS machines, relevant departments have not yet issued perfect policies and regulations for this emerging personal mobile acquiring product, and some third-party payment institutions have made their own rules, resulting in imperfect network access norms and risk control norms and irregular management. On this basis, the expansion of businesses leads to uneven quality of businesses, leading to some unscrupulous businesses to cash out credit cards.
Some people in the financial sector even questioned that Lacarra's behavior is also contrary to the provisions of the central bank, and it is also risky for banks, but as far as the entire economic system is concerned, this risk is not great. Anyone can use a POS machine to collect accounts and use this POS machine to pay back money. If the POS owner takes the money, who will bear the responsibility?
I love card Bian Xiao analysis:
With the popularity of credit cards, more and more people begin to cash out with credit cards. However, some cardholders' cash-out activities are easily monitored by banks. In this way, the bank may reduce the limit or stop the card, which will have a negative impact on the personal credit record. Therefore, no matter how low the rate of "cashier" POS machines is, or how convenient other cashing methods are, cardholders will try their best to use credit cards according to normal channels to avoid unnecessary troubles.