Re: [AFMUG] Credit card irregularities.

[Chris Wright]

This thread keeps making me think I’m browsing /r/churning.

Chris Wright
Network Administrator
Velociter Wireless
209-838-1221 x115

From: Af [mailto:af-boun...@afmug.com] On Behalf Of Paul Stewart
Sent: Thursday, July 07, 2016 4:46 AM
To: af@afmug.com
Subject: Re: [AFMUG] Credit card irregularities.

All AMEX cards have some “soft limits” and “hard limits” based on previous 
balances and spending habits…. Even their Centurion card has limits (based on 
personal experience)

From: Af [mailto:af-boun...@afmug.com] On Behalf Of Travis Johnson
Sent: July 6, 2016 4:30 PM
To: af@afmug.com
Subject: Re: [AFMUG] Credit card irregularities.

You may have a hard time getting a "small business" card that provides 2% 
cashback for that high of a limit. These are designed for businesses that spend 
less than $50k/month on a credit card. That is the one good thing about AMEX, 
once you have built a reputation with them, there really is no limit on their 
card.

Travis
On 7/6/2016 1:46 PM, Gino Villarini 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<mailto: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)<mailto:li...@packetflux.com>
Sent: Wednesday, July 06, 2016 1:30 PM
To: af<mailto: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<mailto: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<mailto: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<mailto:ja...@remotelylocated.com>
Sent: Wednesday, July 06, 2016 12:07 PM
To: af@afmug.com<mailto: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

Re: [AFMUG] Credit card irregularities.

[Paul Stewart]

All AMEX cards have some “soft limits” and “hard limits” based on previous 
balances and spending habits…. Even their Centurion card has limits (based on 
personal experience)

 

From: Af [mailto:af-boun...@afmug.com] On Behalf Of Travis Johnson
Sent: July 6, 2016 4:30 PM
To: af@afmug.com
Subject: Re: [AFMUG] Credit card irregularities.

 

You may have a hard time getting a "small business" card that provides 2% 
cashback for that high of a limit. These are designed for businesses that spend 
less than $50k/month on a credit card. That is the one good thing about AMEX, 
once you have built a reputation with them, there really is no limit on their 
card.

Travis



On 7/6/2016 1:46 PM, Gino Villarini 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 
<mailto: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) <mailto:li...@packetflux.com>  

Sent: Wednesday, July 06, 2016 1:30 PM

To: af <mailto: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 
<mailto: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 
<mailto: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 <mailto:ja...@remotelylocated.com>  

Sent: Wednesday, July 06, 2016 12:07 PM

To: af@afmug.com <mailto: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  
<https://en.wikipedia.org/wiki/Credit_card> credit cards to obtain cash and 
purchasing power they do not have, or pay  
<https://en.wikipedia.org/wiki/Credit_card> credit card balances with the 
proceeds of other cards. Unlike  <https://en.wikipedia.org/wiki/Check_kiting> 
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. 
<https://en.wikipedia.org/wiki/Credit_card_kiting#cite_note-1> [1] Eq seq 
reference infers paying credit card minimum balances with  
<https://en.wikipedia.org/wiki/Credit_card> credit card proceeds is  
<https://en.wikipedia.org/wiki/De_facto> de facto evidence of deceit.

It all will depend on your CC Processor.

 

  
<http://remotelylocated.com/wp-content/uploads/2012/07/cropped-Remotely-Located-Logo.jpg>
 

Jason Wilson

Remotely Located

Providing High Speed Internet to out of the way places.

Re: [AFMUG] Credit card irregularities.

[Paul Stewart]

AMEX are assholes … pardon my jumping in but I’ve had problems with them with 
personal AMEX cards and lots of problems in the past with their business AMEX – 
every time I called them about issues they treated me like dirt…  compare that 
experience to bank X and it’s always been a more pleasant experience.  AMEX for 
some reason got too cushy in my opinion as they were the “corporate standard” 
for anyone in a Fortune 1000 company that travelled or expensed anything.

 

From: Af [mailto:af-boun...@afmug.com] On Behalf Of Chuck McCown
Sent: July 6, 2016 4:05 PM
To: af@afmug.com
Subject: Re: [AFMUG] Credit card irregularities.

 

I have had bad experiences with totally clean legit AMEX before.  I can only 
imagine.  

 

From: Chuck Hogg <mailto:ch...@shelbybb.com>  

Sent: Wednesday, July 06, 2016 1:50 PM

To: af@afmug.com <mailto:af@afmug.com>  

Subject: Re: [AFMUG] Credit card irregularities.

 

So just a simple word of advice...don't do it. 

 

We did this before for a rental house that needed a new A/C.  The guy 
originally told us he could take AMEX and then found out he couldn't.  So we 
ended up running the transaction, to pay the contractor.  AMEX said that since 
we were owners of the company, it violated the merchant services agreement.  We 
ended up tying up $8,700 in limbo for 3 weeks and almost lost our AMEX merchant 
account.  In the end, they voided the transaction.

 

Regards,
Chuck

 

On Wed, Jul 6, 2016 at 3:46 PM, Gino Villarini <ginovi...@gmail.com 
<mailto: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 
<mailto: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) <mailto:li...@packetflux.com>  

Sent: Wednesday, July 06, 2016 1:30 PM

To: af <mailto: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 
<mailto: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 
<mailto: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 <mailto:ja...@remotelylocated.com>  

Sent: Wednesday, July 06, 2016 12:07 PM

To: af@afmug.com <mailto: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  
<https://en.wikipedia.org/wiki/Credit_card> credit cards to obtain cash and 
purchasing power they do not have, or pay  
<https://en.wikipedia.org/wiki/Credit_card> credit card balances with the 
proceeds of other cards. Unlike  <https://en.wikipedia.org/wiki/Check_kiting> 
check kiting, which is illegal under nearly all circumstances, laws 

Re: [AFMUG] Credit card irregularities.

[That One Guy /sarcasm]

Im a team player and WB/Mccowntech has always treated me like a champ, so
Im willing to help you off that cash... I mean assist you with verifying
that transaction.

On Wed, Jul 6, 2016 at 4:53 PM, Chuck McCown <ch...@wbmfg.com> wrote:

> Gosh, you would do that for me?  What a guy!
>
> *From:* That One Guy /sarcasm <thatoneguyst...@gmail.com>
> *Sent:* Wednesday, July 06, 2016 3:51 PM
> *To:* af@afmug.com
> *Subject:* Re: [AFMUG] Credit card irregularities.
>
> If you send me the card numbers and the three code off the back of the
> card I can go ahead and check to see how the transaction will turn out, but
> im pretty sure it will come back over limit when you try to run it
>
> On Wed, Jul 6, 2016 at 3:29 PM, Travis Johnson <t...@ida.net> wrote:
>
>> You may have a hard time getting a "small business" card that provides 2%
>> cashback for that high of a limit. These are designed for businesses that
>> spend less than $50k/month on a credit card. That is the one good thing
>> about AMEX, once you have built a reputation with them, there really is no
>> limit on their card.
>>
>> Travis
>>
>>
>>
>> On 7/6/2016 1:46 PM, Gino Villarini 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
>>&

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

Gosh, you would do that for me?  What a guy!

From: That One Guy /sarcasm 
Sent: Wednesday, July 06, 2016 3:51 PM
To: af@afmug.com 
Subject: Re: [AFMUG] Credit card irregularities.

If you send me the card numbers and the three code off the back of the card I 
can go ahead and check to see how the transaction will turn out, but im pretty 
sure it will come back over limit when you try to run it

On Wed, Jul 6, 2016 at 3:29 PM, Travis Johnson <t...@ida.net> wrote:

  You may have a hard time getting a "small business" card that provides 2% 
cashback for that high of a limit. These are designed for businesses that spend 
less than $50k/month on a credit card. That is the one good thing about AMEX, 
once you have built a reputation with them, there really is no limit on their 
card.

  Travis 




  On 7/6/2016 1:46 PM, Gino Villarini 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) 
  Sent: Wednesday, July 06, 2016 1:30 PM
  To: af 
      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 
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 to 
obtain cash and purchasing power they do not have, or pay credit card balances 
with the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit 
card minimum balances with credit card proceeds is 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 thin

Re: [AFMUG] Credit card irregularities.

[That One Guy /sarcasm]

If you send me the card numbers and the three code off the back of the card
I can go ahead and check to see how the transaction will turn out, but im
pretty sure it will come back over limit when you try to run it

On Wed, Jul 6, 2016 at 3:29 PM, Travis Johnson <t...@ida.net> wrote:

> You may have a hard time getting a "small business" card that provides 2%
> cashback for that high of a limit. These are designed for businesses that
> spend less than $50k/month on a credit card. That is the one good thing
> about AMEX, once you have built a reputation with them, there really is no
> limit on their card.
>
> Travis
>
>
>
> On 7/6/2016 1:46 PM, Gino Villarini 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

Re: [AFMUG] Credit card irregularities.

[Travis Johnson]

You may have a hard time getting a "small business" card that provides 
2% cashback for that high of a limit. These are designed for businesses 
that spend less than $50k/month on a credit card. That is the one good 
thing about AMEX, once you have built a reputation with them, there 
really is no limit on their card.


Travis


On 7/6/2016 1:46 PM, Gino Villarini 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 
<mailto: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)
<mailto:li...@packetflux.com>
*Sent:* Wednesday, July 06, 2016 1:30 PM
*To:* af <mailto: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 <mailto: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
<mailto: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 <mailto:ja...@remotelylocated.com>
*Sent:* Wednesday, July 06, 2016 12:07 PM
        *To:* af@afmug.com <mailto: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>
evi

Re: [AFMUG] Credit card irregularities.

[CBB - Jay Fuller]

I can think of one customer of ours that uses Amex.  There could be more - but 
heck, costco even just dumped em

  - Original Message - 
  From: Chuck McCown 
  To: af@afmug.com 
  Sent: Wednesday, July 06, 2016 3:04 PM
  Subject: Re: [AFMUG] Credit card irregularities.


  I have had bad experiences with totally clean legit AMEX before.  I can only 
imagine.  

  From: Chuck Hogg 
  Sent: Wednesday, July 06, 2016 1:50 PM
  To: af@afmug.com 
  Subject: Re: [AFMUG] Credit card irregularities.

  So just a simple word of advice...don't do it. 

  We did this before for a rental house that needed a new A/C.  The guy 
originally told us he could take AMEX and then found out he couldn't.  So we 
ended up running the transaction, to pay the contractor.  AMEX said that since 
we were owners of the company, it violated the merchant services agreement.  We 
ended up tying up $8,700 in limbo for 3 weeks and almost lost our AMEX merchant 
account.  In the end, they voided the transaction.

  Regards,
  Chuck

  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) 
  Sent: Wednesday, July 06, 2016 1:30 PM
  To: af 
  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 
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 to 
obtain cash and purchasing power they do not have, or pay credit card balances 
with the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit 
card minimum balances with credit card proceeds is 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.
  

Re: [AFMUG] Credit card irregularities.

[Forrest Christian (List Account)]

All of my company spend goes through a starwood amex or the chase ink
card.  It's nice when you generate free hotel nights.  The points also have
fewer tax implications than cash back.

As an example,  I just booked five nights at a four star hotel in Berlin
which would have been around 250 a night.   I used 40,000 points which when
you figure it out is about a 3.1% return assuming 1 point per cent of
spend.  Much of the time I get an even better return.
On Jul 6, 2016 1:46 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 c

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

I have had bad experiences with totally clean legit AMEX before.  I can only 
imagine.  

From: Chuck Hogg 
Sent: Wednesday, July 06, 2016 1:50 PM
To: af@afmug.com 
Subject: Re: [AFMUG] Credit card irregularities.

So just a simple word of advice...don't do it. 

We did this before for a rental house that needed a new A/C.  The guy 
originally told us he could take AMEX and then found out he couldn't.  So we 
ended up running the transaction, to pay the contractor.  AMEX said that since 
we were owners of the company, it violated the merchant services agreement.  We 
ended up tying up $8,700 in limbo for 3 weeks and almost lost our AMEX merchant 
account.  In the end, they voided the transaction.

Regards,
Chuck

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) 
Sent: Wednesday, July 06, 2016 1:30 PM
To: af 
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 
  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 to 
obtain cash and purchasing power they do not have, or pay credit card balances 
with the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit 
card minimum balances with credit card proceeds is 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 

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

Friend moved to Florida last year.  I see his weather posts.  That weather
looks like complete hell even if you have an office AC job.  For working
outside I'd GTFO in a week.


Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

On Wed, Jul 6, 2016 at 3:54 PM, Gino Villarini <ginovi...@gmail.com> wrote:

> 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.
>>>>>>
>>>>&g

Re: [AFMUG] Credit card irregularities.

[Gino Villarini]

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
>>>>> near

Re: [AFMUG] Credit card irregularities.

[Chuck Hogg]

So just a simple word of advice...don't do it.

We did this before for a rental house that needed a new A/C.  The guy
originally told us he could take AMEX and then found out he couldn't.  So
we ended up running the transaction, to pay the contractor.  AMEX said that
since we were owners of the company, it violated the merchant services
agreement.  We ended up tying up $8,700 in limbo for 3 weeks and almost
lost our AMEX merchant account.  In the end, they voided the transaction.

Regards,
Chuck

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 bank

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

*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
>>>

Re: [AFMUG] Credit card irregularities.

[Gino Villarini]

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, Camero

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

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) 
Sent: Wednesday, July 06, 2016 1:30 PM
To: af 
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 
  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 to 
obtain cash and purchasing power they do not have, or pay credit card balances 
with the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit card 
minimum balances with credit card proceeds is 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 
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

Re: [AFMUG] Credit card irregularities.

[Forrest Christian (List Account)]

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
>>

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

Awesome, thanks!

The business card is probably a Spark Signature.  The regular Spark is only
1.5%.  I found this out last year when someone else said they had the
similar card but 2%.  A phone call and $59 a year fixed that right up =)


Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

On Wed, Jul 6, 2016 at 2:52 PM, Travis Johnson <t...@ida.net> wrote:

> The personal card is the Citi Mastercard. The business card is the
> CapitalOne Spark Business card.
>
> Travis
>
>
> On 7/6/2016 12:37 PM, Josh Luthman 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 <c

Re: [AFMUG] Credit card irregularities.

[Travis Johnson]

The personal card is the Citi Mastercard. The business card is the 
CapitalOne Spark Business card.


Travis


On 7/6/2016 12:37 PM, Josh Luthman 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 
<mailto: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 <mailto:ja...@remotelylocated.com>
*Sent:* Wednesday, July 06, 2016 12:07 PM
*To:* af@afmug.com <mailto: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 <http://www.remotelylocated.com>
On Wed, Jul 6, 2016 at 11:01 AM, Cameron Crum <cc...@wispmon.com
<mailto: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
<mailto: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 <mailto: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 <mailto:cc...@wispmon.com>
*Sent:* Wednesday, July 06, 2016 11:50 AM
*To:* af@afmug.com <mailto: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 <mailto:ch...@wbmfg.com>> wrote:

This has been covered here before. I am
considering buying something from my own

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

Technically that is true.  

From: Mike Hammett 
Sent: Wednesday, July 06, 2016 12:40 PM
To: af@afmug.com 
Subject: Re: [AFMUG] Credit card irregularities.

I'm not sure that Chuck is *trying* to get the points (unlike the last thread). 
I think it's just paying for things he personally got from the company.




-
Mike Hammett
Intelligent Computing Solutions

Midwest Internet Exchange

The Brothers WISP








From: "Travis Johnson" <t...@ida.net>
To: af@afmug.com
Sent: Wednesday, July 6, 2016 1:35:58 PM
Subject: Re: [AFMUG] Credit card irregularities.

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 
  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 to obtain 
cash and purchasing power they do not have, or pay credit card balances with 
the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit card minimum 
balances with credit card proceeds is 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 
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?

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

You have to ask your self questions about what expense is a business expense ...

From: Travis Johnson 
Sent: Wednesday, July 06, 2016 12:35 PM
To: af@afmug.com 
Subject: Re: [AFMUG] Credit card irregularities.

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 
  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 to obtain 
cash and purchasing power they do not have, or pay credit card balances with 
the proceeds of other cards. Unlike 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] Eq seq reference infers paying credit card minimum 
balances with credit card proceeds is 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 
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?

Re: [AFMUG] Credit card irregularities.

[Mike Hammett]

I'm not sure that Chuck is *trying* to get the points (unlike the last thread). 
I think it's just paying for things he personally got from the company. 




- 
Mike Hammett 
Intelligent Computing Solutions 

Midwest Internet Exchange 

The Brothers WISP 




- Original Message -

From: "Travis Johnson" <t...@ida.net> 
To: af@afmug.com 
Sent: Wednesday, July 6, 2016 1:35:58 PM 
Subject: Re: [AFMUG] Credit card irregularities. 

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 
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 to obtain cash 
and purchasing power they do not have, or pay credit card balances with the 
proceeds of other cards. Unlike 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] Eq seq reference infers paying credit card minimum 
balances with credit card proceeds is 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 
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? 

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

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?
>>>>>
>>>>
>>>>
>>>
>>>
>>
>>
>
>
>
>

Re: [AFMUG] Credit card irregularities.

[Travis Johnson]

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 <mailto:ja...@remotelylocated.com>
*Sent:* Wednesday, July 06, 2016 12:07 PM
*To:* af@afmug.com <mailto: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 <http://www.remotelylocated.com>
On Wed, Jul 6, 2016 at 11:01 AM, Cameron Crum <cc...@wispmon.com 
<mailto: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 <mailto: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
<mailto: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 <mailto:cc...@wispmon.com>
*Sent:* Wednesday, July 06, 2016 11:50 AM
*To:* af@afmug.com <mailto: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 <mailto: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?

Re: [AFMUG] Credit card irregularities.

[Sterling Jacobson]

If you regularly process amounts of $10k then it’s probably not a problem at 
all.

Otherwise, I would just invoice it in accounting and then write a check or wire 
transfer funds directly against that invoice.

But if your intent is to load up the debt on a credit card then paying with 
credit card makes sense, it might just take a while to clear and questions 
might be put forth from the processor.



From: Af [mailto:af-boun...@afmug.com] On Behalf Of Chuck McCown
Sent: Wednesday, July 6, 2016 11:54 AM
To: af@afmug.com
Subject: Re: [AFMUG] Credit card irregularities.

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<mailto:cc...@wispmon.com>
Sent: Wednesday, July 06, 2016 11:50 AM
To: af@afmug.com<mailto: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<mailto: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?

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

S Corp

From: Jason Wilson 
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 to obtain cash 
and purchasing power they do not have, or pay credit card balances with the 
proceeds of other cards. Unlike 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] Eq seq reference infers paying credit card minimum 
balances with credit card proceeds is 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 
  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?

Re: [AFMUG] Credit card irregularities.

[Jason Wilson]

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?
>>>>
>>>
>>>
>>
>>
>

Re: [AFMUG] Credit card irregularities.

[Cameron Crum]

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?
>>>
>>
>>
>
>

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

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 
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?

Re: [AFMUG] Credit card irregularities.

[Chuck McCown]

Miles...

From: Josh Luthman 
Sent: Wednesday, July 06, 2016 11:50 AM
To: af@afmug.com 
Subject: Re: [AFMUG] Credit card irregularities.

Your personal card on Jenny's reader?  How do you end up buying something from 
your own company?


Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

On Wed, Jul 6, 2016 at 1:40 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?

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

>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?
>>
>
>

Re: [AFMUG] Credit card irregularities.

[Josh Luthman]

Your personal card on Jenny's reader?  How do you end up buying something
from your own company?


Josh Luthman
Office: 937-552-2340
Direct: 937-552-2343
1100 Wayne St
Suite 1337
Troy, OH 45373

On Wed, Jul 6, 2016 at 1:40 PM, Chuck McCown  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?
>

Re: [AFMUG] Credit card irregularities.

[Cameron Crum]

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  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?
>

[AFMUG] Credit card irregularities.

[Chuck McCown]

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?