An online payment processor has an option to deposit funds to a credit card. I have questions about that?
Question : An online payment processor has an option to deposit funds to a credit card. I have questions about that?
Could they deposit funds to a credit card that I have a balance on? Or are they only able to deposit money onto a prepaid debit type of card? If they can deposit funds onto a credit card that I have a balance on, wouldn’t that just go towards my balance? Thank you for the answers in advance.
online credit card processor
Best answer:
Answer by cainvest1
If your processor allows crediting a credit card any payment made will go toward the balance due. But you should check with your credit card company first. Some will not allow this due to money laundering regulations.