Using Mobile Card Readers

I knew someone who last year transferred approx $900 from amex gc to bank acct using Square card reader. There was no chargeback, but Square flagged the. Acct asking for more “business” info to be provided before anymore transactions were processed.

There are several mobile card readers for iPhone: Square, Credit Card Terminal, WorldCard Mobile, Credit Card Machine, Phone Swipe, CamCard, CardMunch, ScanBizCards, Business Card Scanner.

Anyone have any experience using these methods to move money into a bank acct or know of any one with least amt of chargebacks?

Deposits from cc to bank acct are fast, typically only taking 1-2 days.

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