Comments on: Is it legal to run your personal credit card through your business credit machine? http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm Sat, 19 May 2012 14:02:55 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: JD http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm/comment-page-1#comment-1521 JD Mon, 16 Nov 2009 19:14:59 +0000 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm#comment-1521 It's legal. Your robbing petter to pay paul. If you need help in lowering your rate and cost for your machine, please check out the site below. It’s legal. Your robbing petter to pay paul. If you need help in lowering your rate and cost for your machine, please check out the site below.

]]> By: ally_1999_1 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm/comment-page-1#comment-1519 ally_1999_1 Mon, 16 Nov 2009 19:14:59 +0000 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm#comment-1519 No, it's not legal No, it’s not legal

]]> By: browneyedgirl623 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm/comment-page-1#comment-1520 browneyedgirl623 Mon, 16 Nov 2009 19:14:59 +0000 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm#comment-1520 I don't know for certain, but I would imagine that you are on shaky legal footing doing so. First, what you are doing is technically taking a cash advance, without paying the higher fee and interest rate. Secondly, the credit card company *may* retain a security interest in the items purchased, and if you aren't purchasing an item, you may be committing a fraudulent act. Your answer is probably somewhere in the fine print of your user's agreements with your credit card processor and your bank. I don’t know for certain, but I would imagine that you are on shaky legal footing doing so. First, what you are doing is technically taking a cash advance, without paying the higher fee and interest rate. Secondly, the credit card company *may* retain a security interest in the items purchased, and if you aren’t purchasing an item, you may be committing a fraudulent act.

Your answer is probably somewhere in the fine print of your user’s agreements with your credit card processor and your bank.

]]> By: Curious http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm/comment-page-1#comment-1517 Curious Mon, 16 Nov 2009 19:14:59 +0000 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm#comment-1517 idk idk

]]> By: phiphi_dreamer http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm/comment-page-1#comment-1518 phiphi_dreamer Mon, 16 Nov 2009 19:14:59 +0000 http://smallbusinessmerchantaccounts.org/is-it-legal-to-run-your-personal-credit-card-through-your-business-credit-machine.htm#comment-1518 i think it's legal as long as you pay your bill . but make sure that you write it down for irs purpose . in case you get audit for income . i think it’s legal as long as you pay your bill . but make sure that you write it down for irs purpose . in case you get audit for income .

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