4 ms·
Is there a transaction/monthly dollar limit to the amount you can send this way?
by johne20 12y ago
Is there a transaction/monthly dollar limit to the amount you can send this way?
- steveklabnik 12y agoI don't know why you were downvoted, this is a good question. Have an upvote.
- hazelcough 12y agoThere isn't! Though as with any type of money-moving, you'll need to consider tax implications :(.
- johne20 12y agoDo you work for Stripe? edit: nvm, I see you do by following your profile to github. Thanks for answer!
- Consultant32452 12y agoCan I send money from my credit card to my debit card? Because that's how you get frequent flier miles. Lots and lots of frequent flier miles.
- nlh 12y agoI presume with Stripe you can only send from your Stripe balance, which certainly can be funded with credit cards (yours or others), but you'll pay the 2.9% + transaction fee on the "inbound" (CC) side, which (I think?) would cost more than the miles. In that scenario you could skip the debit card part entirely and just charge your own credit card and have the money go to your bank account. The miles hounds have throught through these scenarios pretty thoroughly :)
- jamesbrownuhh 12y agoOne major bank set up an online payment service in the UK about ten years ago which allowed you to load money, fee-free, from a credit card, and then pay other people. Of course, said money, once loaded, could also be withdrawn back to your bank account, but why would anyone do that? WHILE airmiles < MAXINT do { load, withdraw, pay card bill } Round and round the money goes. :) Obviously the fee-free aspect was unusual, perhaps an oversight but more likely an attempt to get some critical mass in the online payments market which, at the time, was primarily only PayPal and a UK outfit called "NoChex" (which of course DID charge a fee.) Eventually a loading fee did arrive, and a little later on, the service closed up shop entirely.
- jedberg 12y agoWhen the dollar coin was first introduced in the US, you could order them online for no extra cost, as a way of increasing adoption. There would be a $1000 charge on your credit card, and 1000 coins would show up at your door (shipping was free too). A lot of airline miles were earned at the expense of the US government.
- jusben1369 12y agoWell really at the expense of the airlines right?
- heyjonboy 12y agoThose airline miles are paid for with the processing fees charged to merchants by credit card companies.
- deleted 12y ago[deleted]
- oh_sigh 12y agoNo, at the expense of the US tax payer, who paid for the credit card processing fee and free shipping through the US mint.
- thatthatis 12y agoMore accurately, at the expense of us currency holders. The mint is self-finaning. The cost to the mint to produce a coin is far less than the face value. Whether anyone was actually hurt depends on how the cost to distribute this way compares to the normal cost to distribute new currency. And, assuming this method was more expensive, calculating who was hurt and by how much would take me a few hours. Maybe someone else has that more on the top of their head.
- jrockway 12y agoAt 3 cents per mile, everyone is happy but you. You can buy frequent flyer miles from your airline for ~2.5 cents a mile.
- imjk 12y agoAs a fellow "travel hacker" that was the first thought that crossed my mind.