But these hand brushes all simulate real consumption.

As long as you use it properly, the bank will not think that you cash out, because you can make money by swiping your card.

Mobile phone card reader, similar to external card reader, is mainly a tool to read the information of magnetic stripe card.

The mobile phone card reader itself has no payment function.

It needs the software of payment channel to cooperate with it to have the function of payment and receipt.

Extended data:

Illegal cashing is to change the use of funds through false transactions and use the collected funds for illegal purposes or other prohibited purposes.

Take advantage of the subtle differences between the prices of the same product or almost equivalent products in different markets to make profits.

On June 5438+February, 2009, the Supreme People's Court and the Supreme People's Procuratorate issued the Interpretation on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management.

Taking false consumption as an example, it is not illegal to mention current behavior itself.

Because, like any consumption, banks earn handling fees from it, and merchants have to pay business tax, but cardholders are exempt from interest of five ten thousandths for 50 days.

If you don't repay the money in time after cashing out, or borrow someone else's ID card to apply for a credit card, and maliciously swipe your card to cash out, it will violate the law.

References:

Baidu Encyclopedia-Illegal Cash Out