Originally Posted by ftweb
One useful data point is that pretty much anyone can set up a google checkout account to accept credit card payments with a 2% commission (plus a small fixed per-transaction fee). That means if you really wanted miles/points, you could always pay yourself through google checkout, at a cost of $.02 per dollar charged.
This is a great idea! $.02 per mile is quite reasonable. I thought you had to be a "real" merchant to process credit cards. I also thought credit card processing would cost more than 2%.
Is there any downside to this? Does it trip any warnings at credit card fraud departments or tax or money laundering authorities?