I dont live in FL... lol On Wed, Jul 6, 2016 at 3:50 PM, Josh Luthman <j...@imaginenetworksllc.com> wrote:
> *not available to weird places that have beautiful weather all the time > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Wed, Jul 6, 2016 at 3:46 PM, Gino Villarini <ginovi...@gmail.com> > wrote: > >> good lord! in need to apply for that 2% cash back! we are pumping over >> $100k per month to our corp amex >> >> On Wed, Jul 6, 2016 at 3:31 PM, Chuck McCown <ch...@wbmfg.com> wrote: >> >>> I like miles because I can’t spend them. Dollars back I would spend and >>> then when I need to go to the UK to visit my daughter I have to cough up >>> the dough. >>> >>> *From:* Forrest Christian (List Account) <li...@packetflux.com> >>> *Sent:* Wednesday, July 06, 2016 1:30 PM >>> *To:* af <af@afmug.com> >>> *Subject:* Re: [AFMUG] Credit card irregularities. >>> >>> >>> The Citi double cash is 2%. I used to use it as my everyday spend card. >>> >>> I am having really good luck with chase ultimate rewards earning cards, >>> and also spg earning cards. With the combination of the chase sapphire, >>> freedom, and freedom unlimited cards for personal and chase ink, I get >>> anywhere between 3% and 10% back in travel rewards (mostly hotels and an >>> occasional flight). But this only works if you travel enough that you can >>> redeem for values over 2 cents per point. >>> >>> With the chase freedom and discover they have revolving bonus categories >>> which are 5x points (10% effectively). We try to buy gift cards to >>> maximize this.. for instance, we're currently watching movies using >>> theatre gift cards from the last time the rewards category was movie >>> theatres. >>> >>> Back to the question about whether it makes sense to run cards through >>> your own merchant account... maybe if you're trying to meet a minimum >>> spend, or need a few miles to make a reward work, but I sure can't see >>> this making sense on a regular basis. >>> On Jul 6, 2016 12:37 PM, "Josh Luthman" <j...@imaginenetworksllc.com> >>> wrote: >>> >>>> 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? >>>>>>>>> >>>>>>>> >>>>>>>> >>>>>>> >>>>>>> >>>>>> >>>>>> >>>>> >>>>> >>>>> >>>>> >>>> >>> >> >
