http://www.merchantaccountblog.com/140/factoring-credit-card-laundering Merchant Accounts, Ecommerce, Processing Equipment Fri, 05 Mar 2010 02:27:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.merchantaccountblog.com/140/factoring-credit-card-laundering/comment-page-1#comment-1425 cardcat Tue, 02 Jan 2007 03:43:28 +0000 http://www.merchantaccountblog.com/?p=140#comment-1425 Isn't this what ticketmaster does? Isn’t this what ticketmaster does?

]]> http://www.merchantaccountblog.com/140/factoring-credit-card-laundering/comment-page-1#comment-537 jestep Wed, 14 Jun 2006 01:16:42 +0000 http://www.merchantaccountblog.com/?p=140#comment-537 To add to the confusion, there also is a legal service called credit card factoring. This service is essentially taking out a line of credit against the businesses merchant account. Fees from the merchant account are also paid toward the credit line. This type of cash advance can be a very safe and effective way for a business with processing history to get a line of credit, however it is a high interest, short term agreement. The loan type of credit card factoring is in no way related to the fraud type of credit card factoring. To add to the confusion, there also is a legal service called credit card factoring. This service is essentially taking out a line of credit against the businesses merchant account. Fees from the merchant account are also paid toward the credit line. This type of cash advance can be a very safe and effective way for a business with processing history to get a line of credit, however it is a high interest, short term agreement. The loan type of credit card factoring is in no way related to the fraud type of credit card factoring.

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