Quasi cash transaction

quasi cash transaction

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Note Cash-like transactions may not. Visa and Mastercard have made high APR on cash-like transactions, fact-check and keep our content.

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What Is ACH Payment Processing?
Sometimes we call these 'quasi-cash transactions'. 0. The interest rate on cash transactions is higher than the interest rate on purchases or balance transfers. Quasi cash transactions represent the purchase of foreign currencies or items (including, but not limited to, casino chips, cryptocurrencies, money orders, lottery tickets and travellers cheques) which may be convertible to cash, and other such transactions as determined by us from time to time. A quasi-cash transaction is a sale of items that are directly convertible to cash, such as: Casino gaming chips. Money orders. Wire transfers. Services.
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Legal Services. Merchants who sell certain types of quasi cash may be called quasi cash merchants. What are quasi cash transactions? Quasi Cash means transactions that involve the purchasing of items such as travelers cheques, lottery tickets, casino gaming chips, money orders, and wire transfer money orders.

quasi cash transaction

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