Errrr I would think twice about using square for getting spg points. You do not have to believe me just google new IRS rules on credit card company payments. 1st your going to get a 1099 if square lets you do this transaction. I really do NOT think trying to educate a government official about an extra 20k iof phantom income or accountant is NOT worth time or risk. A bit more at risk than than talking with a customs official
Originally Posted by
sky_priority
If you have the SPG Amex, you can download Square and send yourself payments by swiping your SPG Amex.
The fee is 0.275% per transaction, which translates into 2.75 cents per point. Further, you can theoretically halve the cost per starwood point by using the monthly single-fee option from Square and charging $20,000 in one month (20,000 points for a fee of $275 = 1.375 cents per point).
Hope that helps!