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Hi, I live in Virginia-
if a friend walked into my store and asked me to run his card for $100 and give him $100 back in cash, could I legally do that?
would it make a difference if he made a purchase or not?
would I be allowed to do the same if I keyed in the card instead?
thank you!
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Giving Cash Back with or without a purchase is against the Terms of Service. https://squareup.com/legal/payment see section 22 I believe on cash advances. It would also get really tricky when you start doing it for friends and family to as that could be seen as a type of money laundering possibly too. Plus you as the business will be eating approx $3 for every $100 you gave as cash back.
see this other community post when they discovered it was against terms https://squareup.com/legal/payment
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