Can I make cash advances?

Last updated 8 months ago

Unless explicitly authorized, you may not make cash advances, cash disbursements, or cash-equivalent disbursements to a cardholder as part of a card transaction. This includes, for example, card transactions in exchange for virtual currencies.

In addition, the following are prohibited from processing transactions on their own personal cards unless the transaction is for a purchase of a product/service sold in the ordinary course of the business:

• Beneficial owners
• Control officers
• Partners
• Employees of the business
• Individual on the merchant agreement

Processing a transaction on a card in exchange for cash is considered a cash advance and is prohibited.