How do multiple payment companies get involved in credit card surrender services?

With the increasing popularity of credit cards, various business chains around the product of credit cards have gradually enriched. So how many payment companies are involved in credit card repayment business, will it affect credit card intermediaries?

With the increasing popularity of credit cards, various business chains around the product of credit cards have gradually enriched. The payment industry has become an extremely important part of the credit card industry chain due to its intimate relationship with credit cards. For example, in the current market, so-called business cards such as card handling, card maintenance, and surrogate are everywhere. Of course, the topic to be said today is not a credit card, but a credit-backed business. Many credit card holders already know that many payment companies are involved in credit card surrender services, but will this affect credit card intermediaries?

However, there are a lot of risks hidden in many credit card businesses, among which scammers and black intermediaries are often widely seen in newspapers. We know that China's current environment is not supportive for many credit card businesses. This is because there are many risk events and fraud cases. This is a safe and stable environment. Therefore, many credit card businesses are In the darkness of the business, it is necessary to mention that Xiaobian does not intend to criticize this market, but only has something to say.

Nowadays, as the competition in the payment market becomes more and more fierce, many payment companies are also developing more business scopes for profit and survival. The credit card market, which is the key demand of users, has become a must-have for many companies. place. For example, the "credit card replacement" business. However, in Xiaobian’s view, this so-called “credit card replacement” is just a scorpion, and it is essentially a microfinance.

I believe that it is nothing new to return credit cards to friends. We can search for a large amount of such advertising information by searching for the words "return credit card" on platforms such as QQ and WeChat. However, the traditional credit card used in the past is operated by some credit card intermediaries. The private or small company mediation will pay for your debts, then wait for your credit card to have a new quota, and then pass the POS machine. Consumers are cashed out, and in this process the intermediary charges a portion of the fee as their income.

However, the current credit card generation has also appeared in the "upgrade version", that is, the battle to the Internet, the birth of some special generation of credit card APP or some payment companies to develop a Bluetooth hand brush APP and a replacement system in one Cooperation mode.

These apps expand their business through social media such as the Internet, attracting a large number of cardholders. Such companies are gradually replacing the credit card surrogate group of the past "unusual and operational private intermediary" because of the "credit card reimbursement" for microfinance business.

It is understood that the number of such apps that have been added to credit cards is increasing day by day. There are 5-6 common ones, but the interest and handling fees are higher than the credit card generation. In addition, third-party payment companies have begun to increase their efforts in this market, such as LKL, HFTX, GTXY, and ZFT, etc., all of which have begun to join in. After all, the interest margin on microfinance is not low.

Credit card generation is still a gimmick, and small loans are the true essence. In fact, an APP like the “credit card replacement” is essentially an Internet microfinance product, and the companies that develop products are equivalent to intermediaries. The operation process usually involves funding the application first. The person owes money, and then waits for the applicant's credit card to have a new quota, and then cash out through the POS machine to collect the handling fee.

It is quite convenient to borrow from such an APP. Simply download the relevant application, and enter the name, ID number, credit card number and mobile phone number in the platform interface to submit the loan application for the required amount.

After submitting your application, you can check the progress of the review at any time in the app. Once the review is approved, the mobile phone number you bind will receive a text message from the platform, and the requested amount will be directly credited to your credit card. Some platforms do take just a few minutes from application to payment. After that, in a certain period of time, recharge on the APP platform to settle the loan. Moreover, the fees charged by these platforms are indeed lower than the rates for bank credit card installments, which is generally equivalent to 8-9 fold.

There are many requests for loan quotas, and personal information has a risk of disclosure. However, for this kind of "credit card returning APP", there are still some risks. Just like "accounting credit card" will involve a lot of personal privacy information, "credit card replacement APP" also needs to input various personal information. In this way, once a large-scale information disclosure occurs, the consequences will be unimaginable. At the same time, this is also contrary to the publicity that the state has always emphasized to prevent telecommunication fraud and protect the security of personal information.

The “Return Credit Card” App basically claims that it can be quickly released and the process is simple. However, Xiao Bian personally experienced the loan on the above “return credit card” App. The process is a bit complicated. Basically, the applicant needs to provide the mobile phone number, name, avatar, ID number, bank card number and other information. Provide a photo of the ID card or a photo of me or a photo of my hand-held ID card, etc.

Xiaobian downloaded a credit card app on the mobile phone, filled out some simple information and tried to apply for a loan, but the other party quickly refused the loan request. The reason was that the information was not detailed enough and needed additional information. So, what information is needed? Are personal information materials sent to them in vain? Are many apps having such routines to fool the applicant's personal information? Still hope to attract the attention of relevant departments.

A netizen reader who has applied for a loan repayment credit card told Xiaobian that if you want to apply successfully, you should not only provide personal details, but also provide credit card accounts and other information, and also need to provide some materials that can prove the income. Even the applicant's phone call list, this information makes this netizen reader and Xiaobian feel a little unbelievable.

In addition, in the application market, there are many people in the comments on this app, and some people say that “the application has not been submitted”, some people said that “it’s not easy to approve the 500 yuan quota”, and some people Said "I asked too detailed, I feel that I am taking information." Obviously, for the applicant, submitting the above personal core information materials, in addition to the process is a bit complicated, but also faces the risk of personal information being leaked.

Xiao Bian specially consulted a veteran of personal information security. This person said: This type of company often bundles your personal information with other financial products. Once you register on the APP, you will have an ID card and a bank card. A class of information is submitted, then, in the next period of time, there will be a variety of financial products customer service call you to ask if you need a loan or not, and from time to time will receive financial text promotion.

This is the routine used by most of the "return credit card APP" in operation. You take a closer look at some of these products, as a software to deal with money, the initial password can actually set 123456, but after registration is successful, there is no secondary verification protection, enough to show that they are not using low interest rates As the main business, the routine is to quickly put your personal information for the main purpose! The more complete the better!

Summary: This kind of "return credit card" APP products want to attract the attention and vigilance of friends. After all, such APPs are financial products. Because they provide personal information for pure online operations, APPs with extremely low development cost can be used in a short time. Take a lot of personal information from the cardholder. Because users may face the risk of information leakage during the process of filling out the information. The mobile phone number, name, avatar, ID number, bank card number, etc. are the core information of a person. If this information is mastered by the other party, it is difficult to ensure that the other party has strict confidentiality measures. Once leaked, customers may face stolen brushes or other risks. Therefore, it is recommended that friends not to see a light like a stunned moth in their own difficulties, but to calmly deal with everything, no matter how difficult it is, so that it will not make you worse.