Can the unallocated amount in Sinopec fuel cards be refunded?
1 Answers
The unallocated funds in Sinopec fuel cards can be transferred to the corresponding bank card but cannot be withdrawn in cash. For fuel cards, allocation refers to transferring the funds deposited in the user's account to the fuel card before they can be used. In simpler terms, money is deposited into the main card at a service outlet and then distributed to the subsidiary cards. Since the subsidiary cards are held by the drivers of the vehicles, the allocation is completed by having the gas station staff swipe the card during refueling. Below is additional information: Benefits of allocation: At the time, gas station systems were outdated, and real-time communication was not feasible. The allocation function allowed direct deductions from the fuel card without needing to retrieve data from a server. The fuel card's data is stored in its IC chip, and any changes are recorded in a database. Explanation of allocation: Allocation transforms the traditional method of withdrawing cash from a bank account and carrying it for payments into directly transferring (allocating) funds from the bank account to an IC chip, effectively creating an electronic wallet. This eliminates the risks associated with carrying cash, such as needing change, loss, counterfeit money, or theft.
