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

[Burtinboy]

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)

[HP58]

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)

ROTFL! The million dollar Q being asked by a n00b opening a new thread! 
Welcome to the forums!

[Nitantnel]

Change the title plz

[ilherman]

ROTFL.

[ilherman]

Change the title plz

What else do you want from him?

[Freddie]

Hey, we're the chumps who clicked on it. We're just lucky it wasn't some Nigerian ready to take advantage of our excitement!

[wayfe]

ROTFL! The million dollar Q being asked by a n00b opening a new thread! 
Welcome to the forums!

And who's to say that it wont be a noob discovering the million dollar answer all are searching for?

Every game has an aim- and you've hit right upon this one, Burtinboy.

The term you are looking for is manufacturing spend (basically buying cash with a credit card).

I doubt there is a straight and clear answer to manufacturing a 10k spend, and even if there was people here are very secretive about their ideas for fear that they might become too popular and be killed.

[Saver2000]

Change the title plz

+1

[udip3146]

We were all once upon a time nOObs... we gotta give everyone a chance.

[Burtinboy]

Well thanks for the warm(ish) welcome. I am aware of the "fat wallet" hesitation but i'm sure the collective brainpower here can come up with a solution.
What I'm thinking is (assuming I convert points to cash) open as many Amex Platinum 100k cards as I can (I have 40+ entities) and fund my Google wallet accounts for the $10k each which will cost $290 in swipe fees netting me about $2k at today's MR rates.
Beyond the initial spend, this obviously doesn't pay because of the swipe but at least I can build a large inital dump...

[Saver2000]

Well thanks for the warm(ish) welcome. I am aware of the "fat wallet" hesitation but i'm sure the collective brainpower here can come up with a solution.
What I'm thinking is (assuming I convert points to cash) open as many Amex Platinum 100k cards as I can (I have 40+ entities) and fund my Google wallet

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?

[Burtinboy]

I do have the invitation codes...
Not sure about the ssn part but could try.

Btw, these are each real LLC's that cash flow and have real transactions.

[bubbles]

Well thanks for the warm(ish) welcome. I am aware of the "fat wallet" hesitation but i'm sure the collective brainpower here can come up with a solution.
What I'm thinking is (assuming I convert points to cash) open as many Amex Platinum 100k cards as I can (I have 40+ entities) and fund my Google wallet accounts for the $10k each which will cost $290 in swipe fees netting me about $2k at today's MR rates.
Beyond the initial spend, this obviously doesn't pay because of the swipe but at least I can build a large inital dump...

How did you get the valuation of $2k? In order for it to be that much, even taking the $200 airline credit into account, you would need to value the 110k MR @ 1.9

[CountValentine]

And who's to say that it wont be a noob discovering the million dollar answer all are searching for?

Then you are not a n00b. 

[Drago]

I love all the directions this thread is going in.

[wayfe]

Then you are not a n00b. 

debatable

Btw, these are each real LLC's that cash flow and have real transactions.

Are you saying that these 10k transactions are real or that the LLC's can pass a review?

[Burtinboy]

Both

[Am]

Not sure about the ssn part but could try.

you'll get one sign up bonus per 12 month period per card type. There isn't even a remote chance you'll get approved for a fraction of that many cards even with legit entities

[Nitantnel]

Well thanks for the warm(ish) welcome. I am aware of the "fat wallet" hesitation but i'm sure the collective brainpower here can come up with a solution.
What I'm thinking is (assuming I convert points to cash) open as many Amex Platinum 100k cards as I can (I have 40+ entities) and fund my Google wallet accounts for the $10k each which will cost $290 in swipe fees netting me about $2k at today's MR rates.
Beyond the initial spend, this obviously doesn't pay because of the swipe but at least I can build a large inital dump...

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

[Burtinboy]

Multiple 3BM's?

Anyway, this point is off topic... We were talking about the Holy grail (apparently)...