Cash Credit Cards

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Understanding Cash Credit Credit cards Transactions

You use your credit card to pay for cash buys. But there could be cases that you are on the obtaining end instead. Meaning you are the one performing cash transactions together with cash credit cards, then get the cards started for you. If you keep an online store, you need to be familiar with the whole process.

Cash credit cards tend to be widely accepted on the internet, too. In fact, oahu is the only way to shop. Also payment gateways require verification by asking for a dynamic credit card number before these people verify your account since valid. And over period, cash credit card payments are increasingly being achieved.

In an online shop, first, a person purchases a product. He can shell out the dough in several ways, one of which is to use his funds credit cards. If, he or she chose to pay for it from the card, a gateway cpu tries to contact the financial institution and requests for an authorization code.

Once the bank responds favorably, the customer’s cash credit cards or card is actually charged right during the purchase. The gateway processor works again and sends the particular money to your respective merchant card account.

Once the money is there, it may easily be withdrawn as cash. Usually, on the web merchant accounts are tied to a local banking account where the money is credited immediately. Once it is right now there, you can easily use your ATM card to get the funds.

That’s basically how the event works. Some gateway processors, though, can charge a minimal amount for each and every transaction completed. You pay against the amount of the particular sale, and it is generally less than 5%.

Since these are typical done online, the actual gateway’s security should always be upward. To ensure safety all the time, using a 128-bit encryption defense in opposition to hackers is witnessed. Internet transactions should invariably be this protected.

Money credit cards may seem basic from a point of view. And also you could be right. However, if you consider the technical issues and the security amounts a single transaction has to go through, you will be glad it’s not necessary to do it yourself.

Comments: 38

  1. Alex May 25, 2013 at 9:43 am Reply

    I want a Chase Freedom credit card because it offers cash back and I tend to be spendy. How does cash back program really work? I mean do you have to spend a certain amount to get cash back or what’s the deal?

  2. Kurt June 2, 2013 at 4:46 pm Reply

    I’ve had this card for many years. These days even to book a flight 6 months in advance American Airlines has LIMITED seats. Also the seats they do have available, they want to charge DOUBLE the amount of miles then they did a few years ago. I’m thinking of canceling this card and going with a cash back credit card instead. Have any of you switched over also?

  3. Chantelle July 17, 2013 at 8:23 pm Reply

    I want to take out a cash back credit card, the one I have at the moment doesn’t offer any cash back or vouchers…nothing! I always pay my balance in full and don’t really care about balance transfer and all that. just the best in terms of giving me a % back for the money I spend on my card.

    any suggestions? Please?

    thank you!

  4. Paulita December 11, 2013 at 1:00 am Reply

    I took out a $20 cash advance on my credit card yesterday. I have a $500 credit limit, $470 which is my current balance, and $30 left on there as available credit. This is what it states online, both yesterday before I took the cash advance and today after it was done. Do these things get reflected online eventually, or does taking a cash advance not change your available credit limit, instead taking the funds out of a separate pool of money?

  5. Charlsie December 13, 2013 at 5:53 am Reply

    Hi everyone… I’m in the US and traveling to Europe in the winter. It just occurred to me that if my cash & ATM/credit cards get lost/stolen, what do I do? We are planning on taking some cash, 1 ATM card, and a Visa credit card. That feels sufficient, but in case we have a stoke of bad luck, I’m kind of in the dark about our next step. Any help? Thanks!

  6. Tamie December 17, 2013 at 8:10 am Reply

    I need an airplane ticket asap and i need borrowwd cash what credit card can i apply for?

  7. Rodger December 18, 2013 at 7:39 pm Reply

    Hi all, I would like to know the less time consuming, easiest and fastest way to send cash via credit card from one to another? VISA debit to international cash card.

  8. Mauricio December 23, 2013 at 10:57 am Reply

    I am 19, I have had a credit card for about a year that I used once and paid off right away. I pulled my credit report like 10 months ago so I think I have to wait 2 months to pull it again.

    And also if I can get a decent credit card what cash back credit card should I look into? I run a business and cash back rewards would definitely help.

    My bank offers really horrible cash back cards since you only get cash back on purchases made in the first couple months. I am a college student and my bank is wells fargo.

    I have no debts, or loans.

  9. Blaine January 14, 2014 at 6:04 am Reply

    I have a Capital One Cash rewards credit card and it makes sense to use this card for all my purchases since I get cash back. I’m not sure if this affects my credit in any way.
    Thanks for your explanation Talk Turkey. Really good advice there. Unfortunately I did not know about the 30% thing, so I’ve definitely gone over that percentage. What if I go over 30% but pay it back immediately? That’s kind of what I’ve been doing.

  10. Calvin February 21, 2014 at 9:43 pm Reply

    I have just got a credit card. to build up a good credit rating. I bought some things off the internet and took some cash out. It says cash transactions are charged intrest daily. i have got my statment and sent a bank transfer for the full amount that i owe.
    But it takes five days to reach the credit card company. So does this mean that i have not payed my full balance as there will be an extra 5 days intrest for the cash? If this is so how do you ever pay it off, because it will be always take 5days for money to reach them? ARRRRRR MY HEAD HURTS>> HELP.
    No i have not run the card up. i’m just using it to pay for the things i want. i have the money to use my bank debit card but using the card for building a history, i have payed pack the full amount.

  11. Avery February 22, 2014 at 2:38 am Reply

    HIi! I need cash to take the bus saturday but my checking account/atm card will be empty until next week. Can I take out cash somehow with a credit card? Or can I somehow use my credit card to put money into my checking account??

    Thanks!

    I have WellsFargo if that helps

  12. Rhett February 22, 2014 at 7:06 am Reply

    I have a credit score of 702, I don’t plan on making any super large purchases any time soon — I will be able to make full or close to full payments every month, and I am trying to maximize cash back rewards (not miles or anything else, strictly cash)…I won’t spend a lot on groceries, so I am avoiding cards that have a high cash back % tied to groceries…I also don’t spend a ton on gas. What are my best options? There are a lot of cards out there that seem decent but in terms on minimal fees, lower rates and especially good cash back rewards to meet my situation, what do you guys recommend? Thanks!!
    more info — i have a full time job that pays $55k a year, and I have $250 of student loans a month to pay (total of about $20k)

  13. Kerry February 22, 2014 at 7:06 am Reply

    Do you know a credit card with cash back rewards more than 1% without rotating categories and annual fees?

  14. Devin February 22, 2014 at 9:09 am Reply

    i withdrew £30 from my credit card from a cash machine and it hasnt appeared on my account yet. does it add the money u withdrew to the amount you still owe or do they send you a bill or????

    thanks in advance

  15. Terry March 6, 2014 at 9:49 pm Reply

    I know that when I pay with a credit card at Giant, I’m given an option that says “Cash Back?”. I never clicked Yes before, but a few days ago I tried to get cash back using my credit card at Weis, another food store. It wouldn’t give me cash back, and the cashier said it was probably because I was using a credit card instead of a debit card. This confuses me because my mom has gotten cash back before and she almost never uses debit. So why can’t I use the cash back option?

    Notes: We both have Discover Cards. I was given permission to use this option, I just can’t figure out how.

  16. Galen March 7, 2014 at 6:54 am Reply

    I am finding the cheapest and best way to cash off a credit card; due to charges and high interest on a cash advance; the best method would to use something that counts as a purchase?

    Possible Uses;
    PayPal (do charge 3.4%)
    Buying a Pre-paid credit or sterling travel card – I think most of these do charge high fees
    or somehow set a web site that will “test” credit card payments without fee; allowing you to send the cash to your bank account?

    If anybody has tried the methods above; or know any other; the information will be helpful.
    UK based only really!!

  17. Eugena March 7, 2014 at 1:45 pm Reply

    When I was arrival in a city for 3 days visit, I found out I had only $40 cash and no credit card in wallet.

    But I can remember my credit card number, expire date and security code, and I have valid driver license, is that help?

    Where are the places you can get though without physical credit card? hotel, restaurant, rental car, gas station, store, transit, park….

    Where can I get some cash back without physical credit card?
    I actually manage to go though, order a lot online, phone order for food and pick up at restaurants. I still have $2 left when I back home. I just want to know some survice tips I didn’t know about in such embarrassing situation.

  18. Brittaney March 7, 2014 at 2:22 pm Reply

    I want to order from Guitar Center, since there i no Guitar Center near my place. It’s something i really need. I heard a lot of stories with credit cards/internet things, gone wrong, and money taken. Is Cash on delivery safer to use than credit card ?

  19. Hubert March 8, 2014 at 1:33 pm Reply

    I recently received a job offer in another state and I need some up front cash to pay for a deposit and first months rent for a place since I am right out of school. I tried to obtain a small personal loan from several banks but they would not let me get one even though i have an excellent credit rating and my family can not help me out and the company can not provide relocation assistance.

    My question is what is the process for getting a cash advance from a bank (not an ATM). I don’t have a PIN number so I can’t use the ATM so I need to go into the bank plus I have a larger cash advance line if I do it in the bank. Do i just go into the branch and tell the teller that I need an advance off my credit card?

    I know the pitfalls of cash advances but it is my only way of getting money for a place. I have already went through a budget and I can have the credit card bill paid off within two months at the latest.

  20. Werner March 8, 2014 at 4:30 pm Reply

    hi im just wondering if there is any credit card that gives reward points or cash back or whatever…. that can redempt for public transportation?
    i live in SF/Bay area and the BART cost everyday is expensive. i want to get some sort of reward on that, does anyone know??????
    thankss

  21. Maragret March 8, 2014 at 5:44 pm Reply

    My fiance and I are going on vacation for her 21st birthday a day after Thanksgiving.

    We plan on getting tickets, ect. within a few weeks. I’m over 25, no credit cards. I have good credit but choose to deal with cash only.

    She has a pre paid credit card that actually has her name on it. It’s registered to her.

    How should we work this??

    We need to rent a car, again, i’m over 25, she’s not.

    How do we do this with no solid credit cards?

    Any advice would be great!!
    We’re using SKYBUS. We’re wanting to fly to LA .. rent a car .. and driving 3 hours to Vegas.
    I lived in Vegas for 4 years so i know my way around.

  22. Xiao March 8, 2014 at 10:21 pm Reply

    Can you get cash using a credit card? If so what is it called ? If lets say i need $100 and i go to mcdonald and get something worth $2 and tell the chasier to charge $102.00 for it an i pay that amoubt with my credit card. Can she give me the $100 cash? I think its called cash back. does it work in all shop?

  23. Shaun March 9, 2014 at 3:52 am Reply

    When you have a credit card with a balance already on it and you cash advance when you make your payment which does it go towards the purchase balance or the cash advance balance and how can you change between the two?

  24. Lavon March 9, 2014 at 5:07 am Reply

    Hi, I need tips on how to save money. I work part time, and I live at home while in college. So I have a pretty comfortable life. I just want to save money. I realize that I use my credit card for random stuff i.e. online shopping, shopping etc. What should I do? Should I start carrying cash everywhere?
    I have poor fiscal discipline, and I seriously doubt any “stop using your credit card” advice will help. lol

    Anything helps though,

    Thanks!

  25. Ezekiel March 9, 2014 at 2:30 pm Reply

    I just got a credit card from capital one and I went to an atm to get cash out and it declined me, I know I still have money on there but how do I get cash out of a credit card if I cant go to atm ?????? Sorry this is my first credit card so Im trying to figure it all out

  26. Keith March 10, 2014 at 5:43 am Reply

    For Americans it’s much easier for us to slide our credit cards then to pay with actual cash. Most Americans are trying to manage their money in this tough economy and are slowly going back to using the old-fashioned cash. Target executives told investors late last month that it’s seeing lower credit card usage among its shoppers for the first time since 2001-2003. For the first time in 17 years most Americans are buying only what they have cash for. Many consumers are struggling to find sources of cash to make purchases.

  27. Keven March 10, 2014 at 5:44 am Reply

    Ok so I pay a very low rate on purchases and a high rate if i withdraw cash. Is is possible (vitually) through internet sites like ebat etc or other means that i could convert my purchase limit to get cash. For example if i open a seller account on ebay and then pay from another account. would i not be able to convert the credit available to me for purchses for cash? or is there an easier way..

  28. Giuseppe March 10, 2014 at 5:45 am Reply

    if i take a cash advance on one of my credit cards ($100-$200) and pay it off in full when the statement comes out will it:
    1. negatively affect my credit?
    2. charge me interest even though im paying it off in full right when the statement comes??

    how do i do this?? the credit card was issued by Bank of America, do i just go to Bank of America and say i want a cash advance on this card??

  29. Lucia March 10, 2014 at 6:16 am Reply

    Hi, Is Cash from Credit Card is Safe?

    Secondly, If i Withdraw 10000 Rs.. For 1 Month, what would be the Charges and Interest Rate

    How Much i have to Pay after 1 Month ( Including Charges and Interest)

    I am Using HDFC GOLD Credit Card

  30. Nancee March 12, 2014 at 8:54 pm Reply

    would the cash advance on a credit card also have the interest free period, the same one with your other purchases?

    my card has 44 interest free days, so apart from the interest %, it would be treated the same as purchases?

  31. Annabel March 13, 2014 at 7:45 am Reply

    I know this question may seem dumb but i gotta know.
    Im 19 years old and i just signed up for my first credit card yesterday at bank of america. If I dont have any cash in my checking account and i need cash immediatly can i use my credit card at a atm or get cash back if i need it in a emergency?
    I have a debit card from bank of america but just in case can i get cash from the credit card

  32. Jesica March 13, 2014 at 7:51 am Reply

    I need some cash from my credit card but the interest is too high for cash out. Is there anyway that I can transfer some cash from credit card to bank account?

  33. Tommye March 13, 2014 at 8:20 am Reply

    When i’m going shopping i prefer to pay by cash 🙂

  34. Seymour March 13, 2014 at 7:05 pm Reply

    In the Auto Repair Business..
    What percent discount would you give to a customer paying Cash vs.Credit Card for Auto Repairs ?
    smahadev… Did you read the question? What a STUPID answer !

  35. Clelia March 16, 2014 at 7:32 am Reply

    I’m looking for a credit card that offers cash back for purchases and no annual fees. Which is the best one?

  36. Denis March 28, 2014 at 12:59 pm Reply

    I’m thinking of getting a credit card I know you’ll all say dont but I really need a car and Loans dont seem practical because of the amount I’d have to pay back in interest. Where as a credit card I can buy a car for under a grand on it, and pay it off in monthly installments with a card with 0% on purchases… but I’d obviously need the money in cash and thats where the figures change… Like when I see the reviews for cards it says 28.6% of Cash advances but 0% on purchases, does that mean I can only ‘buy’ things and not pay interest or does that cover any transaction made on the card? I’ve been on money saving expert and there isnt much info at all about the definaition of cash advances.

    Your help would be very much appreciated.

  37. Tami May 3, 2014 at 9:56 pm Reply

    Hi,
    I want to know about credit card interest,and if i withdraw the cash via credit card,How much interest they will debit and how can i calculate the interest.Ex.I took rs.10000.What is the interest
    Please help me

  38. Leonardo June 8, 2014 at 6:09 am Reply

    Just some quick background information… I am 22 and about to graduate college. I’ve had a credit card since June of 2009 and have used it for EVERYTHING. I never ever hold a balance, so interest rates aren’t really a variable.

    I have been researching and The Discover More or Chase Freedom Rewards both seem like great options. Chase Sapphire seems too big time for someone my age…

    So my question is… based on your personal experience or knowledge you may possess, which card is best for me?

    p.s. I have my heart set on cash back but if someone could make an intelligent argument for rewards or miles I would be willing to hear that as well…

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