Expert: Ed McFarland - 3/13/2007

Question
Is it possible for someone to use a credit card to make a direct deposit payment into a bank account? we have a client who uses only credit cards and our business is not set up to accept credit cards. We also are looking at large high risk ammounts.  

Answer
Not that I'm aware of.

Go down to the bank and ask about merchant services and get set up for credit cards.

For the factoring costs, the transfer of risk to the credit card company makes it a bargain.

That way you focus on your business and let the credit experts handle the financing.

Good luck