An owner or stakeholder of a company should never swipe their personal card at their business. This is considered a cash advance and is prohibited by the Card Association guidelines, established by Visa, Mastercard, Amex and Discover.
Merchants will oftentimes have a very legitimate reason for using their own card. For example, if the signer of a charity wants to make a donation, or someone with multiple businesses authorizes a sale from one business to another. Nevertheless, the Card Associations do not permit it because they have no way to regulate these transactions.
There are many nuances to the Card Association guidelines for merchants. For more information, feel free to contact us.