What's the 2% personal card if I can ask?
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, Jul 6, 2016 at 2:35 PM, Travis Johnson <t...@ida.net> wrote: > Does the 3% credit card processing fee ($300 on $10k) justify the miles > you will gain? How much is it to just "buy" the same amount of miles? > > Inquiring minds want to know. I use a 2% cashback on everything card for > ALL my personal expenses (groceries, gas, utility bills, cell phone bill, > food, car expenses, etc), and a different business card (also 2% cashback > on every single item) for all my business stuff. Then I just get checks > mailed to me about once a month for the rewards. The miles game always > seemed like a lot of work to track everything, etc. > > > Travis > > > On 7/6/2016 12:08 PM, Chuck McCown wrote: > > S Corp > > *From:* Jason Wilson <ja...@remotelylocated.com> > *Sent:* Wednesday, July 06, 2016 12:07 PM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] Credit card irregularities. > > Sole Proprietor? LLC or Corp? If you are a structured org (llc,Corp) and > you have an invoice for said items then you should be ok. > > > *Credit card kiting* refers to the use of one or more credit cards > <https://en.wikipedia.org/wiki/Credit_card> to obtain cash and purchasing > power they do not have, or pay credit card > <https://en.wikipedia.org/wiki/Credit_card> balances with the proceeds of > other cards. Unlike check kiting > <https://en.wikipedia.org/wiki/Check_kiting>, which is illegal under > nearly all circumstances, laws against credit card kiting are not > completely prohibitive of the practice, thereby allowing it to be done to > some degree. It is up to the banks to detect the practice and when > necessary, stop it. > > In order for prosecution to occur in a credit card kiting scheme, a bank > must prove intent to deceive.[1] > <https://en.wikipedia.org/wiki/Credit_card_kiting#cite_note-1> Eq seq > reference infers paying credit card minimum balances with credit card > <https://en.wikipedia.org/wiki/Credit_card> proceeds is de facto > <https://en.wikipedia.org/wiki/De_facto> evidence of deceit. > > It all will depend on your CC Processor. > > > Jason Wilson > Remotely Located > Providing High Speed Internet to out of the way places. > 530-651-1736 > 530-748-9608 Cell > www.remotelylocated.com > > On Wed, Jul 6, 2016 at 11:01 AM, Cameron Crum <cc...@wispmon.com> wrote: > >> I didn't think about the miles thing. I just didn't think they would care >> as they are still getting paid and you'll be out about 3% of the charge. >> The biggest charge I've run through my own cars was about $300. I know >> square used to hold funds over $1000 for some period...like 7 days or so? >> Maybe that is too long, but I seem to remember something like that. >> >> On Wed, Jul 6, 2016 at 12:55 PM, Josh Luthman < >> j...@imaginenetworksllc.com> wrote: >> >>> From what came up a while ago you can do that no problem after >>> contacting the merchant but IPPay doesn't allow those shenanigans. >>> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >>> On Wed, Jul 6, 2016 at 1:53 PM, Chuck McCown <ch...@wbmfg.com> wrote: >>> >>>> I am thinking of doing this for about $10K and really don’t want to get >>>> money or systems locked up. >>>> I can also run it through my ecommerce site and I have a quick books >>>> merchant account too. >>>> >>>> *From:* Cameron Crum <cc...@wispmon.com> >>>> *Sent:* Wednesday, July 06, 2016 11:50 AM >>>> *To:* af@afmug.com >>>> *Subject:* Re: [AFMUG] Credit card irregularities. >>>> >>>> I've run my own card on my own account before a couple of times for >>>> testing and for paying myself for something as well. I'm not sure they >>>> really care, but I haven't read the AUP in like 4 years. >>>> >>>> Cameron >>>> >>>> On Wed, Jul 6, 2016 at 12:40 PM, Chuck McCown <ch...@wbmfg.com> wrote: >>>> >>>>> This has been covered here before. I am considering buying something >>>>> from my own company. Have Jenny run my personal card on her company >>>>> square >>>>> reader. >>>>> >>>>> Not sure if that violates any kind of AUP. Hate to get her merchant >>>>> account shut down. It is a woman owned business with her owning more than >>>>> half. I don’t technically work there. I am not on the payroll. >>>>> >>>>> How risky is this? >>>>> >>>> >>>> >>> >>> >> >> > > > >
