Dedicated to your endless stream of POS scam tricks:
First, the POS machine binds other bank card fraud
Some scammers will sell pos machines through some informal channels at low prices and without the need for formalities. In fact, these scammers will bind their own bank card and ID card information to the POS machine in advance. Once a victim purchases and encounters a small credit card, the scammer will put the money into the owner's card on time to defraud the trust. When there is a large amount of money, the fraudster will promptly transfer the funds transferred by the victim to his account to achieve the purpose of fraud.
Second, second clear mode fraud
After the consumer checks the card at the POS machine, the funds enter the UnionPay, and then the third party pays or the bank settles. A company that has issued a payment license by the state can be called a third-party payment company. If the Erqing company does not pay the license, it can pay the company to rent the channel to the third party, the payment company and the Erqing company settle, and the second clear company and the merchant settlement, because there are two settlements, it is commonly known as the second clear. Erqing Company often does a lot of risky business in order to enhance its own advantages. Various violations will be subject to large fines during the inspection of UnionPay. Erqing Company may intercept the client's funds and pay a fine. In addition, some Erqing companies will even directly intercept customer funds for other investments.
Third, credit card overdraft fraud
The scammer first uses the mobile POS machine to repeatedly swipe the card, increase the credit card overdraft limit, and then use the credit card for large overdraft consumption. After the bank advances the funds, the fraudster will cancel the transaction in due course. At this point, there is a certain probability that the credit card overdraft limit will be restored, but the bank to which the POS machine belongs has not received the order to cancel the transaction, thereby achieving the purpose of fraudulently obtaining large amounts of funds.
Prevention advice
1. When purchasing a POS machine, be sure to confirm the personal information of the salesperson. It is best to keep the identity document.
2. Before purchasing a POS machine, be sure to check whether the other party has a payment license issued by the state. For companies that don't have a license, don't consider it, no matter how much the agent says.
3. After purchasing a POS machine, you can test a penny transaction first. After waiting for the funds to be received the next day, log in to the online banking to check whether the cashier information is an acquiring institution. If the payer is an individual or a non-third party payment company, there may be fraud.
4, the formal payment company has an official independent background, after buying a POS machine, you can open the background to view the binding information, see if the ID card and credit card bound by the POS machine are their own.
5, consciously resist the use of POS machines to help people "swipe the card cash" to profit. Such behavior is a false transaction that undermines the normal financial order. If the circumstances are serious, criminal liability may be pursued for illegal business operations.
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