Nowadays, the growing third-party payment institutions have gradually invaded the bank card acquiring market. According to statistics, banks account for 70% of the transaction volume in the acquiring market, and third-party payment institutions account for 30%.

As a new force in the acquiring market, third-party payment institutions must seize the opportunity to expand the issuance scale. However, personal third-party payment has laid a hidden danger for credit card cashing when promoting personal POS machines.

Some readers told beijing business today today that when individuals move POS machines, they can swipe their cards with credit cards and import funds into debit cards. As long as the cardholder pays 1% of the credit card handling fee, he can easily "steal" the funds in the card.

Extended data:

According to the criminal law of People's Republic of China (PRC) (China):

Article 225 Crime of illegal business operation

Whoever, in violation of state regulations, commits one of the following illegal business operations and disrupts the market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income.

If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years * * *, and shall also be fined not less than one time but not more than five times his illegal income or his property shall be confiscated:

(a) operating a franchise or monopoly commodity or other commodities whose operation is restricted by laws and administrative regulations without permission;

(2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations;

(three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business;

(four) other illegal business activities that seriously disrupt the market order.

According to the Interpretation on Several Issues Concerning the Specific Application of Law in Handling Criminal Cases of Impairment of Credit Card Management:

Article 2 Anyone who knowingly holds and transports more than 10 but less than 100 blank credit cards shall be deemed as "a large quantity" as stipulated in Item 1, Paragraph 1, Article 177-1 of the Criminal Law.

Those who illegally hold more than five credit cards but less than fifty shall be deemed as "a large number" as stipulated in Item 2, Paragraph 1, Article 177-1 of the Criminal Law.

In any of the following circumstances, it shall be deemed as "a huge quantity" as stipulated in the first paragraph of Article 177th of the Criminal Law:

(1) Holding and transporting more than ten credit cards knowing that they are forged;

(2) knowingly holding or transporting more than 100 blank credit cards;

(3) illegally holding more than 50 credit cards of others;

(four) using false identification to defraud more than ten credit cards;

(5) Selling, purchasing or providing others with forged credit cards or obtaining more than ten credit cards by fraudulent means.

Fraudulent use of other people's identity cards, military officers' cards, soldiers' cards, Hong Kong and Macao residents' passes to and from the mainland, mainland travel permit for taiwan residents, passports and other identification certificates to apply for credit cards against other people's wishes.

Or using forged or altered identification to apply for a credit card, it shall be deemed as "using false identification to defraud a credit card" as stipulated in Item 3, Paragraph 1, Article 177-1 of the Criminal Law.

Baidu encyclopedia-credit card cashing