This gets into the grey area of credit card processing. People will swipe their own credit card for say $10k to get 10k in their account for only 3% or less vs the cash advance or writing a check off your credit card that is more like 15%. It is also a way to try and launder money and get the money from the credit card free and then claim it as a false purchase or a fake account they didn't open. Basically, people will always find a way to scam systems.
And then it hurts the honest people as credit card processors have to setup rules and regulations on things like this.
This gets into the grey area of credit card processing. People will swipe their own credit card for say $10k to get 10k in their account for only 3% or less vs the cash advance or writing a check off your credit card that is more like 15%. It is also a way to try and launder money and get the money from the credit card free and then claim it as a false purchase or a fake account they didn't open. Basically, people will always find a way to scam systems.
And then it hurts the honest people as credit card processors have to setup rules and regulations on things like this.
