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?
