New business of money rotation. Shark Tank funding is next. :)

[hellobois]

Now credit card rotation is getting into a buisness for some. People are openly taking the benefits of this. Don't know why there is no complaint for such activities. I say 20-25 such hoarding in my neighborhood.
I hope one day they appear on shark tank as well.

 

[Chaitanya-a]

They are doing same business as Paytm or any other wallet. Just unregistered with Gov.

 

[Tejo]

Now credit card rotation is getting into a buisness for some. People are openly taking the benefits of this. Don't know why there is no complaint for such activities. I say 20-25 such hoarding in my neighborhood.
I hope one day they appear on shark tank as well.

The India's No.1 Bank. ... allows wallet reloading with charges 2.5% + gst.

In terms and conditions, the above information clearly mentioned.

This Sarkari private bank promotes wallet reloading via their payzapp.

But blocks the card if we reload through paytm.

 

[RupayMan]

I think you got out from the home recently, that activities are there from last 5 years. Many doing this as side income or some doing as main.

 

[Dr. Drake]

Tumhara area slow Hai kya..
I tried in 2013-2014 when I had my first card & you can see 100 such posters at every lane in metro 😆
Used once twice last year too

 

[hellobois]

Tumhara area slow Hai kya..
I tried in 2013-2014 when I had my first card & you can see 100 such posters at every lane in metro 😆
Used once twice last year too

But 1.2% is very lucrative. Do they use UPI or pos machine?

 

[Deleted member 9785]

IT department will wake up one day and catch them all

 

[Sahilhenzy]

IT department will wake up one day and catch them all

But tb tak kaafi der ho chuki hogi. Business online aa jayega 🤭

 

[ThriftyPlasticPundit]

as far i recall, rotation isn't against law as long as you are not presenting false statement except banks policy- i might be wrong

good for genuine ppl who need money for emergency.

 

[Dr. Drake]

But 1.2% is very lucrative. Do they use UPI or pos machine?

Kyu pareshan Kar Rahe gareeb ko ...Go try

 

[hellobois]

IT department will wake up one day and catch them all

Bhai enki himmat dekho, main road pe mobile number ke saath add diya hai, tumko lagta hai ki ye log kisi se darte hain? 😂😂

 

[hellobois]

Kyu pareshan Kar Rahe gareeb ko ...Go try

There is no brake for the income of Dr Drake. 😎
Rich people always pretend to be poor and vice versa.

 

[Deleted member 5552]

Now credit card rotation is getting into a buisness for some. People are openly taking the benefits of this. Don't know why there is no complaint for such activities. I say 20-25 such hoarding in my neighborhood.
I hope one day they appear on shark tank as well.

Can you please tell me what is wrong in it? If Banks don't like these transactions they will block it.

This is not illegal as credit card is also provided to use when people are in need

 

[Deleted member 5552]

Bhai enki himmat dekho, main road pe mobile number ke saath add diya hai, tumko lagta hai ki ye log kisi se darte hain? 😂😂

🤣🤣 Money Multiplying Plan 😆😆

 

[hellobois]

Can you please tell me what is wrong in it? If Banks don't like these transactions they will block it.

This is not illegal as credit card is also provided to use when people are in need

card is used for purchase of goods and services not to get cash and for cash banks charge a high fee (processing + interest) so basically people skip the high charge route to take a 1.2% shortcut. Its simple rotation and if one does it for big amount then the card may get blocked as well.

 

[Shubham Yadav]

I think you got out from the home recently, that activities are there from last 5 years. Many doing this as side income or some doing as main.

Ye poster walo ko bolo aisa hi ek poster IT office k bahar bhi laga de

 

[Deleted member 5552]

card is used for purchase of goods and services not to get cash and for cash banks charge a high fee (processing + interest) so basically people skip the high charge route to take a 1.2% shortcut. Its simple rotation and if one does it for big amount then the card may get blocked as well.

This is also one kind of service.... Credit card is a loan account, a credit card holder can take loan from his card any time using legal medium. What is the problem if a man needs emergency money and he used his card to rotate money?

 

[hellobois]

This is also one kind of service.... Credit card is a loan account, a credit card holder can take loan from his card any time using legal medium. What is the problem if a man needs emergency money and he used his card to rotate money?

Are you from Delhi?
You sound like - what is the problem of hitting someone on the road if he/she is crossing the road using zebra crossing. Roads are constructed to drive the cars.
Bhai credit card is a loan account issued by legal banking and Nbfc entities. So you can take loan on a credit card by the "credit card issuer" only. This is the legal way.
What you are saying is totally illigal and you are justifying it by using the phrase - What is the problem 😂😂.
Gajab ki jidd hai yaar.
Karne Wale to road me Nasha bhi karte hain, koi kuch ni bolta lekin wo legal thodi hai. Bas chal rha hai, credit card rotation ke jaise.
I rest my case. 🙏🙏🫡🫡🫡🫡

 

[Deleted member 5552]

Are you from Delhi?
You sound like - what is the problem of hitting someone on the road if he/she is crossing the road using zebra crossing. Roads are constructed to drive the cars.
Bhai credit card is a loan account issued by legal banking and Nbfc entities. So you can take loan on a credit card by the "credit card issuer" only. This is the legal way.
What you are saying is totally illigal and you are justifying it by using the phrase - What is the problem 😂😂.
Gajab ki jidd hai yaar.
Karne Wale to road me Nasha bhi karte hain, koi kuch ni bolta lekin wo legal thodi hai. Bas chal rha hai, credit card rotation ke jaise.
I rest my case. 🙏🙏🫡🫡🫡🫡

For your kind information, I am not from Delhi

Ok, this is illegal, but apps which works with the permission of RBI is legal??? If those apps are legal, these are also legal... You still think money rotation is illegal? 😆😄 😆😄

If a card holder violate Bank's rule, Bank can block his card. But they can never take a legal action for money rotation... So don't call it illegal, call it business payments


Normally credit card helps many people's in emergency situation, and you can't understand those things

 

[Deleted member 5552]

Ye poster walo ko bolo aisa hi ek poster IT office k bahar bhi laga de

Bhai, These fellows are much talented than IT 😆😄