Asked in Accepting Credit CardsBusiness FinanceMerchant Accounts
Can a business with a merchant account issue cash advances or is it just the banks?
February 04, 2010 10:09AM
You need a special merchant account to do cash advances...there is a little bit more underwriting, to make sure you're not laundering money. However instead of being charged fees you actually receive some from their bank and if you want you can charge a fee on top of that.