It is generally illegal to collect money by bank card. Not only may it suffer huge economic losses, but it may also face legal punishment. It is legal at this time if the institutions qualified to carry out payment business include banking financial institutions and payment institutions that have obtained payment business licenses, and the business scope of payment institutions should include online payment, prepaid card issuance and acceptance or bank card receipt.

It is illegal to collect and pay for others with a card in your own name. It is illegal for individuals to collect and pay on their behalf. If it is other non-personal collection and payment, it should be determined according to the business scope. Under normal circumstances, it is legal for merchants to find banks and third parties with payment licenses to handle payment business. If they are looking for a payment platform without a payment license, it is non-compliant.

legal ground

Procedures for handling criminal cases by public security organs

Article 243rd The time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other properties is six months. The maximum period of each freeze shall not exceed six months.

For major and complicated cases, with the approval of the person in charge of the public security organ at or above the municipal level, the time limit for freezing deposits, remittances, securities trading settlement funds, futures deposits and other property can be one year. The maximum period of each freeze shall not exceed one year.

Article 246 The parties concerned or their legal representatives or entrusted agents shall be informed of their right to apply for the sale of frozen bonds, stocks, fund shares and other properties.

The obligee's written application to sell frozen bonds, stocks, fund shares and other properties does not harm the interests of the state, victims and other obligees, and does not affect the normal progress of litigation. If the validity of frozen bills of exchange, promissory notes and checks is about to expire, they can be sold or sold according to law with the approval of the person in charge of the public security organ at or above the county level, and the proceeds will continue to be frozen in their corresponding bank accounts; If there is no corresponding bank account, the proceeds shall be deposited in a special account designated by the public security organ in the bank, and the parties concerned or their close relatives shall be informed in time.