alt Hacker NewsA cash advance is taking physical cash out with your credit card at an ATM or bank teller. Making an online purchase (which depositing money into your Kalshi account is) is therefore not a cash advance.
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notpushkin • today at 6:29 AM
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 • today at 5:25 AM
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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brador • today at 5:12 AM
It’s a cash advance since you’re not purchasing goods or services with the card.
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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...