Originally Posted by EasternTraveler
1. The rate for swiped or keyed affinity cards is much higher than 2.3%.
Not necessarily. Sometimes there is only a slightly higher discount rate for affinity/rewards cards.
I agree with everything else--stay away from the Terminated Merchant File!
Originally Posted by
Sanosuke
Money Laundering sound familiar to the OP, I hope?
good point..it could violate banking regulations as well.
Plus, the IRS might be interested in knowing why you aren't claiming income for all of those transactions you are processing...