The Running Score Trap Behind Aggregate Payments Do you really understand fourth party payments?

Mondo Technology Updated on 2024-02-18

In today's increasingly common digital payments, have you ever heard of "fourth-party payments" or "aggregated payments"? Behind these seemingly lofty terms, there are actually a lot of risks hidden. Today, let's unveil this mystery together and see what secrets are hidden behind it.

1. Fourth-party payment: what is it exactly?

Fourth-party payment, also known as aggregate payment, sounds high-tech, but in simple terms, it is a payment service that integrates multiple third-party payment platforms (such as Alipay, WeChat Pay, etc.). Users can complete the operation of multiple payment methods through a single interface. The problem, however, is that not all institutions that provide such services hold a Payment Business License. Institutions without a license to engage in this business not only endanger the order of the payment market, but also may constitute criminal offenses such as illegal operation.

2. Running scores: easy money or traps?

The term "running score" has become more and more popular in recent years, and it refers to earning commissions by providing personal WeChat or Alipay collection***. It sounds like a good errand to make a thousand dollars a day, but it's not. Many people unknowingly participate in money laundering and other criminal activities through "running points", and in the end, not only do they not make money, but they may also face financial losses and legal risks.

3. How to prevent fourth-party payments**?

Choose a formal platform: Don't easily click on links from unknown sources or scan unfamiliar ***, especially those that involve gambling, gaming and other platforms. Identifying a compliant and legal online payment platform is key.

Trade with caution: Be sure to pay attention to the beneficiary's information when making a payment. If the recipient is a personal account, especially if it involves investing, gaming, earning commissions, etc., it is likely to be a scam. When using a second-hand trading platform for trading, you should also try to choose face-to-face transactions or use the platform's official payment method.

Protection of personal information: Personal bank accounts, identity information, payment and other key information must be properly kept, do not easily disclose to others, let alone for small profits. Otherwise, you will be held accountable if this information is used for illegal and criminal activities.

Stay away from the pitfalls of online part-time jobs: For those online part-time jobs that require a deposit or involve behaviors such as "running scores" and "swiping orders", you must be vigilant and stay away from these seemingly tempting traps. Remember, pie doesn't fall from the sky, and greed for small and cheap will suffer big losses.

IV. Conclusion

In the era of digital payments, we enjoy convenience but also unprecedented risks. Only by being vigilant and choosing carefully can we protect our information and property in this uncertain world. So, what do you think about this? Feel free to leave a comment to discuss and share it with your friends and family so that they can also understand these risks!

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