What is Card Blocking ？
Synonyms:
| Category | Chinese | English |
|---|---|---|
| Common Term |
封卡 |
Card Blocking |
| Industry Term | 银行卡冻结 | Card Freeze |
Definition
A state where a payment card is restricted from use or has its transactions suspended due to risk control or compliance reasons.
Mechanism
Once a bank or payment institution detects abnormal transaction behavior, it will temporarily or permanently prohibit the card from performing deposit or withdrawal operations.
Common Sources / Related Factors
- Abnormal Capital Flow: Irregular movement of funds.
- High-Frequency Trading: Excessive transactions within a short period.
- Cross-Border Payments: International transaction triggers.
- Risk Control Triggers: Automated security protocols.
- Suspicious Transaction Monitoring: Anti-fraud surveillance.
Value in the iGaming Industry
It is crucial for preventing money laundering risks and ensuring payment compliance within the platform's ecosystem.
Common Misconceptions
| Misconception | Correct Understanding |
|---|---|
| Card blocking is executed by the platform. | It is mostly triggered and executed by the bank. |
| Card blocking equals loss of funds. | The funds are usually still present in the account. |
| Card blocking is irreversible. | Accounts can often be unblocked through an audit/verification process. |