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.