Kandiantong: Prepaid cards follow a different rule from ordinary goods

Start with the conclusion: collecting money from unspecified consumers now, and redeeming goods later, may fall under prepaid-card or single-purpose prepaid management. Whether a filing is required is a question for the local commerce authority. It is not decided by a mall switch.

How to use the conclusion

Laws and platform rules change. This article states handling principles for implementation. It is not legal advice.

Stored value that can be redeemed only at your own stores is usually checked against the single-purpose commercial prepaid-card standard. Value that can be used across different legal entities may be multi-purpose, and the regulator is different.

The system must record principal, gifts, and consumption entries clearly, so you can file and reconcile as required.

Easy mistakes

Treating stored value as internal bookkeeping that cannot be refunded and cannot be looked up. Mixing gift money and principal into one number. Collecting stored value through a personal WeChat account.

What Kandiantong does

The member account can split principal and gifts and export the entries. Filing is handled by the licensed party or the operating entity.

Fix the conclusion first: collecting money from unspecified consumers now, and redeeming goods later, may fall under prepaid-card or single-purpose prepaid management. Whether a filing is required is a question for the local commerce authority. It is not decided by a mall switch.

During implementation, hold to separating single-purpose from multi-purpose first. When a permit or a platform enablement is required, get that result first, then turn on the buy button. Acceptance uses one operation that should succeed and one that should fail. The answer is implemented only when the two results are opposites.

Kandiantong does not build features that bypass review, pay three levels, list goods without a license, or exaggerate therapeutic effects. What cannot be done is removed at review, not left for a note after launch.

Source: https://www.kandiantong.com/answers/stored-value-prepaid.html