Current location - Trademark Inquiry Complete Network - Futures platform - Is it illegal for merchants to make large time deposits?
Is it illegal for merchants to make large time deposits?
It is illegal for merchants to make large time deposits, and cash consumption in advance by merchants belongs to early consumption. In this case, China's current legislation is progressing slowly.

If the merchant fails to provide it according to the agreement, it shall fulfill the agreement or return the advance payment according to the requirements of the consumer, and bear the interest of the advance payment, and the consumer must pay the reasonable expenses of the merchant.

Where a merchant intentionally informs consumers of false information, or intentionally conceals real information to induce consumers to buy cards (vouchers) and defraud consumers of advance payment, it constitutes fraud and shall return the expenses for purchasing cards (vouchers) to consumers.