Company Information

Get to know Easy Swipe Cash On Credit Card in Bangalore

"Easy Swipe Cash On Credit Card in Bangalore" is not a specific company but a term for an informal financial service prevalent in the region. These services are typically offered by small merchants or agents who use their Point of Sale (PoS) machines to process a credit card transaction as a "purchase." Instead of providing goods, they give the cardholder the transacted amount in cash, after deducting a service fee or commission (typically ranging from 1.5% to 5%). This practice allows cardholders to liquidate their credit limit for immediate cash, bypassing the higher fees and lower limits associated with official cash advances from an ATM. The service operates in a regulatory grey area and is generally against the terms of service of acquiring banks and card networks.

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Easy Swipe Cash On Credit Card in Bangalore

Name: Easy Swipe Cash On Credit Card in Bangalore
Address: IN

India

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.