What does the payment institution mean by raising income? What is the income?

1. "Payment institution withdraws income" in the bank card flow. This is the cash withdrawal operation you have done

What does the payment institution mean by raising income? What is the income?

1. "Payment institution withdraws income" in the bank card flow. This is the cash withdrawal operation you have done in a wealth management or e-commerce APP wallet. Enter the bank card through a third-party payment institution.

2. Under normal circumstances, the funds obtained by the payment institution are all their own. If the user does not initiate Alipay or WeChat cash withdrawal, it may be that the payment, claim settlement and dividend income of the user's insurance products have arrived.

3. Users can log in to China People's Bank official website to inquire about the specific name of the payment institution. From April 7, 2065438, the payment institution will deposit the user's reserve funds into the special deposit account of the designated institution according to a certain proportion, and the funds in this account will not bear interest.