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Updated about 5 years ago on . Most recent reply
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Creative Credit Card Funding
Hello,
I am going to use credit cards to fund buying and selling of mobile homes. I just formed an LLC, opened a business checking account, and signed up for Stripe to take credit card payments that deposit into my checking account.
I have been trying to figure out the best way to pull cash from the cards. I am wondering if I would be breaking the law if I used my personal credit card to make a “purchase” from my business Stripe account? This would be a simple way for me to convert my credit card available balances to cash. Any insight is helpful.
Anthony