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Square Card Reader MS?

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MrCollector
Regular Contributor

Square Card Reader MS?

I buy custom items from a friend who uses Square as his payment system. I know there has been some resistance of mobile payment systems (especially from Amex) when it comes to counting for rewards points or toward your min spend. Anyone have any insight on how these transactions are treated (by Amex and others)?

829 (TU) 809 (EX) 827 (EQ)

Charles Schwab Amex Platinum NPSL | Chase Sapphire Reserve 51k | Hilton Aspire 46k | Citi AAdvantage Executive 23k | Aviator Red 18k | Fidelity Rewards 18k | Capital One Venture X 11k | World of Hyatt 10k | | Discover It
Message 1 of 26
25 REPLIES 25
Creditaddict
Legendary Contributor

Re: Square Card Reader MS?


@MrCollector wrote:

I buy custom items from a friend who uses Square as his payment system. I know there has been some resistance of mobile payment systems (especially from Amex) when it comes to counting for rewards points or toward your min spend. Anyone have any insight on how these transactions are treated (by Amex and others)?


I don't think there have been any issues when it's clearly not your square account... the issues come from manufacturing spending through your own!

If your friend has a business account set up or even personal for that matter, it's a different address? it's not an issue.

Message 2 of 26
Kenny
Moderator Emeritus

Re: Square Card Reader MS?

If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.
Message 3 of 26
juggalo9er
Valued Contributor

Re: Square Card Reader MS?


@KennyRS wrote:
If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.
lets do the math on a common rewards cards aka the quicksilver. 150 swiped equals 2.25 cash back, minus .30 for the swipe fee.....looks like a free 1.95 to me
edit"""""damn vicodin
Message 4 of 26
MrCollector
Regular Contributor

Re: Square Card Reader MS?


@KennyRS wrote:
If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.

Definitely not mine, but I've always just used my debit card when I pay him to avoid any issues. Would rather use my CCs instead, but I don't need any problems from them.

829 (TU) 809 (EX) 827 (EQ)

Charles Schwab Amex Platinum NPSL | Chase Sapphire Reserve 51k | Hilton Aspire 46k | Citi AAdvantage Executive 23k | Aviator Red 18k | Fidelity Rewards 18k | Capital One Venture X 11k | World of Hyatt 10k | | Discover It
Message 5 of 26
Creditaddict
Legendary Contributor

Re: Square Card Reader MS?


@MrCollector wrote:

@KennyRS wrote:
If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.

Definitely not mine, but I've always just used my debit card when I pay him to avoid any issues. Would rather use my CCs instead, but I don't need any problems from them.


I wouldn't worry about it if he is doing his side of things legit with reporting his income and the square account is established and your accounts are fine... don't worry about it.

further more is it a business account or his personal account (what's the charge say?) you really will have no issues if it's business.

Message 6 of 26
MrCollector
Regular Contributor

Re: Square Card Reader MS?


@Creditaddict wrote:

@MrCollector wrote:

@KennyRS wrote:
If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.

Definitely not mine, but I've always just used my debit card when I pay him to avoid any issues. Would rather use my CCs instead, but I don't need any problems from them.


I wouldn't worry about it if he is doing his side of things legit with reporting his income and the square account is established and your accounts are fine... don't worry about it.

further more is it a business account or his personal account (what's the charge say?) you really will have no issues if it's business.


Personal. He only makes a few things from time to time for a couple of his friends (3D-printed items).

829 (TU) 809 (EX) 827 (EQ)

Charles Schwab Amex Platinum NPSL | Chase Sapphire Reserve 51k | Hilton Aspire 46k | Citi AAdvantage Executive 23k | Aviator Red 18k | Fidelity Rewards 18k | Capital One Venture X 11k | World of Hyatt 10k | | Discover It
Message 7 of 26
Creditaddict
Legendary Contributor

Re: Square Card Reader MS?


@MrCollector wrote:

@Creditaddict wrote:

@MrCollector wrote:

@KennyRS wrote:
If the person is anywhere near to you as a relative or in your household, you better bet a FR is coming your way.

It's not smart or very profitable to use this as your method of MS if you're going to do that.

Definitely not mine, but I've always just used my debit card when I pay him to avoid any issues. Would rather use my CCs instead, but I don't need any problems from them.


I wouldn't worry about it if he is doing his side of things legit with reporting his income and the square account is established and your accounts are fine... don't worry about it.

further more is it a business account or his personal account (what's the charge say?) you really will have no issues if it's business.


Personal. He only makes a few things from time to time for a couple of his friends (3D-printed items).


that doesn't sound that expensive... they are going to be more interested in LARGE purchases that look more like MFS ($500+)

I have used Square a lot... I wouldn't sweat it... even IF they do have issues, you are on the up and up so those issues would be quickly resolved and they would more likely happen to your friend to verify not you!

Message 8 of 26
Kenny
Moderator Emeritus

Re: Square Card Reader MS?

Doesn't sound like MS if you're actually purchasing items. I mean if it's a legitimate purchase, then there's no question about it. You can easily explain that if need be.
Message 9 of 26
OnTheRebound
Established Contributor

Re: Square Card Reader MS?

My wife uses her Amex to pay her hair lady using Square all the time.

 

We also paid with Square at a couple of estate sales. Never a problem.

 

I like it. Beats carrying a bunch of cash.

 

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Message 10 of 26
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