"CREDIT CARD TO CASH" describes a financial service where a third-party provider facilitates the liquidation of a user's credit card limit. Customers use their credit card to make a "payment" or "purchase" on the provider's platform. In return, the provider, after deducting a significant service fee or commission, transfers the remaining amount to the user's designated bank account or e-wallet. This service is often used by individuals seeking immediate cash who want to bypass the lower limits and higher interest rates of traditional credit card cash advances. The history of these services is tied to the rise of digital payments, and they often operate in a high-risk sector due to their potential for misuse and for violating the terms of service of credit card issuers.

Founded in

India