WeChat users who transfer more than 5,000 yuan for 10 consecutive days will be required to upload their ID cards as required

The advent of the Internet era has made mobile payment methods highly popular in my country. The two payment platforms we often use are WeChat and Alipay. WeChat has a social function that allows friends to easily transfer money, and its popularity and usage rate are much higher than Alipay. However, the security risks that come with it are also really worrying.

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Be careful when using WeChat change

More and more people are using WeChat. Many people deposit money into it in advance for the convenience of use, which also saves the trouble of making a second transfer from their bank cards.

As the number of users increases, WeChat has also begun to improve its functions. For example, a new requirement has been added, that is, if the amount of change is greater than 5,000 yuan and there are transactions for 10 consecutive days, you need to upload a photo of your ID card for verification, otherwise the money in it will not be available.

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Many people do not understand this policy, which does not seem to have anything to do with money fraud. What is the reason for the introduction of this policy?

Tencent's official response was to cooperate with the country's measures to prevent money laundering. In the past, some criminals used WeChat transfers, red envelopes or other methods to transfer some embezzled, corrupt, or gray income, making the money look like it came from a source and can be traced. This is money laundering, which was particularly rampant in the past few years.

The country also formulated policies this year to prevent and curb this chaos. Its essence is to protect the rights and interests of users and provide consumers with a safer and more reliable payment platform. At the same time, it is also to safeguard national interests and prevent illegal activities from harming the domestic economic environment.

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How to deal with this situation?

When we have not used the funds exceeding 5,000 yuan for several days, we will be asked to upload our ID when we use it again. We just need to follow the prompts in the WeChat pop-up window. Tencent system will maintain our privacy and security. The private ID information you upload will generally not be leaked.

In addition, these restrictions are added when using it. The payment amount of a single transaction exceeds 10,000 yuan;

The balance in the account exceeds USD 1,000 for ten consecutive days;

Frequent payment expenditures within one month reach RMB 50,000.

You also need to upload your ID when purchasing financial products; if the system determines that your transaction is abnormal or there is a problem with your identity information, you will be asked to upload a photo of your ID for review again.

Regarding the first few items, many friends joked that this is a world that only the rich can see. The expenses of ordinary people cannot reach this amount, and the money deposited on the platform can only be considered as money for buying groceries.

Some wealthy people also cooperated and showed off the change in their WeChat wallets, which were often hundreds of thousands or even hundreds of thousands, which made others envious. These are of course just jokes. The country strictly controls payment platforms, partly to prevent the illegal money laundering mentioned above, and also because of the payment security issues that people often worry about.

Previously, there were frequent news reports of minors using their parents' mobile phones to make high-end purchases. The practice of uploading IDs greatly slowed down the speed of the funds arriving, and also helped parents to discover and stop the situation before it became irreversible. In addition, there will be thoughtful reminders when transferring money, allowing you to choose your own transfer scenario and tell you what potential risks there are. This move can help the elderly who are inexperienced in facing financial fraud.

WeChat has replaced our wallets. Although the country and the platform have been helping us to keep the third hand out, it is impossible to strike all criminals at once. Users themselves should also be vigilant, not to transfer money to others at will, and not to help others deposit money in their own payment platforms at will. And we should maintain a tolerant and open attitude towards the new policies given by the country. Trouble is only temporary, but the loss of money is not a temporary trouble.