Bank Ban Credit Card Payment Transaction Profitable Treasure Is The Main Cause - Alipay, China

Recently, Minsheng Bank to stop and pay the credit card business Bao Cooperation Renewed concerns about the issue

. Widely believed to prevent the credit risk of illicit cash to bring the industry the business is part of the bank stopped the main reason. However, according to report, the credit card business bank halted Alipay main reason is unprofitable.

Alipay banks credit card limits Recently, some credit card holders use cash to pay for illegal treasure rampant, some banks have adopted appropriate measures. Log Alipay's website yesterday, found that the current Minsheng Bank, Bank of China, Agricultural Bank, Industrial Bank and Shenzhen Development Bank, credit card transactions are not supported Alipay. The other banks in online payment but also through the constraints, such as China Merchants Bank and China CITIC Bank credit card payment on the single maximum Po was 499.99 yuan and 500 yuan, China Everbright Bank maximum daily limit of 300. Bank Certificate Edition credit card daily limit to 10,000 yuan.

Alleged that banks limit credit card transactions in're main purpose is to prevent the risk of cash possible bad debts.

Halt on why Alipay Minsheng Bank credit card business, the reporter yesterday, Minsheng Bank Credit Card Center to make an interview request, but to the deadline yesterday, the reporter did not receive a reply Minsheng Bank.

Profitable business for banks is the main reason

However, the reporter learned the trade through a number of banks halt or limit the payment of the main reasons Po was not anti-credit card business risk, but because profitable.

It is understood that credit card cash withdrawal, staging high interest credit card business of banks operating one of three major sources of income, also contributed to the bank keen to encourage more credit card holders are taken, the driving force behind many stages. Given the current major banks to take credit card overdraft interest revolving credit standards are almost all "daily interest 5/10000" Some banks also recover interest accrued on a monthly basis. This interest rate level achieved in more than 18%, equivalent to the current one-year bank lending rate of 2.60 times 6.93% and 6-month lending rate to 2.94 times 6.12%. And now amount to only provide credit card credit line 30% to 50% or less. Meanwhile, most banks now also take credit cards overdrafts charge varying amounts for additional handling charge. In shopping sites such as Taobao, Alipay from the credit card out of the use of payment can be exempt from all fees.

Many credit card holders to pay for treasure for trading intermediary, through false consumption, will transfer credit card credit debit cards, eventually to withdraw cash. The whole process is not real transactions of goods without payment of additional fees. Po on the credit card payment card transactions also are spending, but cardholders are not paying Po and make payments to the banks, so banks can be said that unprofitable. [Related News]

Shanghai Banking Regulatory Bureau concern "Alipay" incident

Morning News reporters Li Jiangbao and Dao Zhendui Alipay blocked some banks to terminate Alipay partnership with the issue, the Shanghai Banking Regulatory Bureau, said the person, regulators are concerned about this, so far not been associated with the supervision of banks departmental communication. In response, regulators do not make any statement.

Recently, the Shanghai Banking Regulatory Bureau has devoted to the risk of credit card tips over, that all banks attach great importance to more than one card, excessive credit losses may be brought to the bank. It is understood, the Shanghai banking regulatory bureau received a large number of consumer complaints, reflecting part of the card-issuing banks in pursuit of the amount of publicity over the marketing presence, risk prompts shortage in credit review also did not fully consider his line of credit amount has accumulated exceed the cardholder's repayment ability, there is a serious situation of excessive credit, individual banks have consciously or unconsciously ignore the cardholder has appeared in his line of repayment difficulties, is still their card or to improve their credit card limit.

Investigation, according to regulators, some cardholders are just young people into society, self-control is weak, induced in the bank credit card apply for a number of banks, unable to repay after excessive consumption. Which may include a number of channels such as the cardholder use Alipay, cash and other illegal activities, which harms the interests of commercial banks, and may result in a bank's bad debt losses.

by: gaga

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