Avoid a CC swipe fee from merchants & convert Credit to cash

[wayfe]

I'm missing something here...

If it's a valid charge, why wouldn't the murchant be willing to swipe your card?

[Dr Moose]

I'm missing something here...

If it's a valid charge, why wouldn't the murchant be willing to swipe your card?

So I have some merchants that won't take CC because of the % swipe fee charged. While for smaller amounts I can go the Bluebird route (because of the imposed funding/withdrawal limits), whats the best way (for me) to avoid the fee and/or get cash/check from a CC on much larger transactions - say $10K+ per transaction?

(PS - past ideas like Google Wallet (they now removed the 0% fee to fund your wallet balance, that was a great way to use a CC and get cash in your account); US Mint)

[ushdadude]

When applying as an "entity",  they still pull your personal credit report. 

I doubt they'll approve a single ss for 40 cards. 

Do you have 100k invitation codes for all of them?

do you need to provide SS# if you have EIN for each?

[dans fan]

Then you are not a n00b. 

i have seen a noob make  a stupid noob mistake and wind up stumbling on a gold mine

[LA2NYC]

i have seen a noob make  a stupid noob mistake and wind up stumbling on a gold mine

Care to share?

[miles lover]

It seems like your about to make a lot of money, you're just not sure how to do it. I wish I could help you

lol
This whole thread seems to be Chinese talk

[wayfe]

lol
This whole thread seems to be Chinese talk

It's like trying to make lemon meringue pie by dumping all the ingredients into the washing machine and setting it on spin!

[wayfe]

So I have some merchants that won't take CC because of the % swipe fee charged. While for smaller amounts I can go the Bluebird route (because of the imposed funding/withdrawal limits), whats the best way (for me) to avoid the fee and/or get cash/check from a CC on much larger transactions - say $10K+ per transaction

Most serious merchants will include the credit card fee in the price markup

[Burtinboy]

do you need to provide SS# if you have EIN for each?

It wouldn't be a real company if I didn't have EIN for each. Also, yes, need ssn for each.

[ganizzy]

if ur willing to pay the extra percentage the cc transaction costs, then I am sure your merchants will work with you.
even if they're not setup for credit cards, theres always square

[Burtinboy]

if ur willing to pay the extra percentage the cc transaction costs, then I am sure your merchants will work with you.
even if they're not setup for credit cards, theres always square

Not the point...either I pay up or they lose 2.75% (square) in fees. These are not "merchants" (like staples or Dell) in the traditional sense - more like a vendor or consultant or legal fees, etc. and normally do not accept CC - checks usually.

[HP58]

Not the point...either I pay up or they lose 2.75% (square) in fees. These are not "merchants" (like staples or Dell) in the traditional sense - more like a vendor or consultant or legal fees, etc. and normally do not accept CC - checks usually.

Why wouldn't you pay? You were considering Google Wallet, that's .15% more, no?

[ariIs]

If you're willing to pay the 2.9% (or thereabouts) fee yourself, and dealing with large amounts of money, why not just set up a merchant account with a credit card payment processor?
I'm not a lawyer, but couldn't you set up another company that your 'entities' would pay to with a credit card, which would then pay the billers with check?

[Am]

If you're willing to pay the 2.9% (or thereabouts) fee yourself, and dealing with large amounts of money, why not just set up a merchant account with a credit card payment processor?
I'm not a lawyer, but couldn't you set up another company that your 'entities' would pay to with a credit card, which would then pay the billers with check?

credit card companies will shut down all your accounts and ban you for the future before you blink