Secret Credit To Cash Method!!?

[Capachinno]

Business account transactions to yourself is going to be fun to explain to an irs audit

[theo]

Don’t you have to give it back when the payment due for the card. 😂

[deejeanlee]

Ive sent money via cashapp from my credit card and was NOT charged by my card company a cash advance fee or interest for that transaction. Of course I paid my credit card off before the statement closing date too. So stay within your means at any given time.

[anash]

After the money gets straight to your bank account, the IRS comes knocking ✊🏾✊🏾✊🏾 .. Sir or ma’am can we have a word 😂😂

[TheMuirite]

I wish they would talk about the tax implications of getting these invoices paid.

[rm]

This falls under racketeering. Don't do this.

[MrX]

Go to the casino and get a cash advance on your credit card, less red flags. The fees suck though.

[customerservice]

That is definitely a secret way to get banned by both the credit card company and stripe and highly unethical if not illegal

[hmmok]

Or or get a job, do not spend more than you make, save money. And you will never have to fall for these scams

[mistermister]

And then your business will be taxed.. you left that part out

[kraichellecurren]

🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️Children, do not try this at home… just don’t 🤦🏽‍♀️

[AK-vsyv]

Stripe takes 3.5% for every transaction, besides you have to then pay taxes on that money at the end of the year

[djtgrind]

If you're gonna do it remember, that is now taxable income. Good play just do it the right way

[Mdavis_]

U are so informative and I love that u are paying it forward. Keep it the great job. 🎉❤

[brainiakuniversity]

TO ALL THE SKEPTICS: there is a right afforded in the Constitution to engage in UNLIMITED CONTRACTS. For those of you concerned about audits then just make a contract between you and your business (as a consultant, or advisor)…and wah lah…youre covered down the road.

Imagine Elon Musk wanting to buy a Tesla. Sure he can just take one free but he can also pay normal price. Totally his right.

[RafyTooBlunt]

We need a legal money glitch that we can grind out

[mariorivera]

Be careful, American Express is hip to that process.

[FranchiseSIX]

The "Bank of Ghetto" should be this channels name.

[gatsbylight]

Cool, he's figured out a way where you can borrow money from yourself and pay *23.99% interest* to the credit card company. He's also figured out a way to generate what _"looks like"_ thousands of dollars in "business revenue", which the *IRS* will certainly want its share of *income tax* on that "business revenue".

[erdtree_larry]

It will now count as income, and you will end up with a 1099K, and a tax bill for any amount over $600 for the 2023 tax year. Be careful!