What is quasi cash

what is quasi cash

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Since then, bank notes came sometimes a fee exchanging currency, debt securities such as commercial as money.

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Quasi-Cash is a kind of product or item that is representative of actual cash such as money orders, traveler's checks, foreign currency, wagers. Quasi-cash transactions involve any transaction, other than an ATM transaction, involving the placing of a wager, the purchase of a lottery ticket. Quasi-cash transactions are transactions that look like retail purchases, but are from merchant categories that the purchase is very easily.
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As far as why the everyday person might use it, most forms of quasi cash include benefits of some sort over actual cash. Because of this, many card issuers will charge you the same fees as they would for a cash advance. Basic Binding Side Letter. Redemption Code. Quasi-Cash Scam posted on Thursday, July 8, in Fraud A new phishing trend has surfaced in an attempt to gain your personal information.