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Old Oct 4, 2004 | 8:21 pm
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oontiveros
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Join Date: Sep 2003
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Originally Posted by mxs506
Has anyone ever thought about setting up as a merchant and running through your credit card to get miles as if they were purchases? I know most cards charge a fee, but will this still be worthwhile?
well, one of the cheaper merchant processing providers offers about 1.6% fees on Visa/MC. Plus the monthly (if any) fees and per charge fees. Don't forget the terminal or software you would have to buy...cheap and used is very possible. However, it still adds up to at least $160 per $10k.
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