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| ▲ | Arainach 3 hours ago | parent | next [-] |
| There are many kinds of "cash advance". You can't buy lottery tickets on a credit card (or in jurisdictions where you can, it's a cash advance). Credit cards also treat things such as buying dollar coins online from the US Mint different from a normal transaction. https://gosunward.org/articles/cash-advance-on-a-credit-card... |
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| ▲ | notpushkin 2 hours ago | parent | prev | next [-] |
| There is a whole lot of merchant categories that is treated like withdrawing money from an ATM. I believe the term is “quasicash”. |
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| ▲ | jamesfinlayson 3 hours ago | parent | prev | next [-] |
| In Australia any sort of gambling payment on a credit card is treated as a cash advance. If you use PayPal on top of your credit card, the credit card company still manages to introspect it and apply a cash advance fee. |
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| ▲ | YeahThisIsMe 2 hours ago | parent [-] | | But these are "prediction markets", an entirely different thing that is definitely not gambling! | | |
| ▲ | ben_w 25 minutes ago | parent [-] | | So they want you to believe, but I find I cannot take such claims seriously. | | |
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| ▲ | brador 3 hours ago | parent | prev [-] |
| It’s a cash advance since you’re not purchasing goods or services with the card. |
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| ▲ | weird-eye-issue 7 minutes ago | parent | next [-] | | Not necessarily, I mean if you buy a in-game item or currency that wouldn't be a cash advance so with this they could just say you bought $20 worth of credits and since you're buying credits that could be considered a good. | |
| ▲ | lxgr an hour ago | parent | prev [-] | | It’s really a cash advance whenever the issuing bank decides it is. There is no official definition. |
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