Legal analysis: it is illegal. The abbreviation of cash withdrawal generally refers to the exchange of cash benefits by illegal or false means. Mostly used for credit card cashing, provident fund cashing, securities cashing, etc. According to Liang Gao's Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, cashing refers to the direct payment of cash to credit card holders through fictitious transactions, false pricing and cash return. Using point-of-sale terminal equipment (POS machines) in violation of state regulations. In the merchant risk management rules of UnionPay card acquirer of China UnionPay, the definition of cashing behavior is: the merchant colludes with bad cardholders or other third parties, or the merchant takes cash by fictitious transaction. Illegal cashing up to a certain amount constitutes the crime of illegal business operation.

Legal basis: Article 225 of the Criminal Law of People's Republic of China (PRC) violates state regulations and commits one of the following illegal business operations, disrupting market order. If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely 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: (1) dealing in franchise, monopoly goods or other commodities whose business 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.