Would accepting CC payments increase business?

[+ TylerandAce]

Really appreciate this statement! Making it easier for me to book you is a big draw for me.

 

I pay cash. To J3's point, if you bank with Chase, you have the option to withdraw in $100 bills in some ATMs across large metro areas. Also, you can change your daily withdrawal to whatever you want it and reverse it later. At least that's how my bank works.

 

I vote you give clients the choice - cash and cc. the mere fact you give me choices and you care about my convenience will likely increase my desire for repeat biz.

 

By the way, how the hell do I find your ad? You've piqued my interest.

Thanks! Awesome feedback from everyone and I really appreciate it. We are definitely looking for flexibility to make the experience quick, easy, and less awkward. It seems CC offering could be the way to go. Leaning towards Square as PayPal gives me fits in other areas of personal use. We also want to open up our services to people who might not have access to enough cash. That may open an opportunity for aspiring clients to become customers.

 

Here is a link to us, btw!

 

http://m.men4rentnow.com/profile.cfm?CID=315287

[jawjateck]

"Liquid assets."

 

http://i2.cdn.turner.com/cnnnext/dam/assets/150616134355-moonshine-sutton-still-exlarge-169.jpg

 

Yep.....pretty sure one of my neighbors down the road remains "liquid" at all times.

[+ Just Sayin]

Cash is king here. Chase's ATMs dispense $100 bills, btw.

how do you obtain the $100 bills from a Chase ATM; is there a button you press when you opt to withdraw?

[bigvalboy]

Yes, at their branches. I don't know much about other banks.... although BofA is upgrading their ATMs, slowly.

And you can access Chase's ATMs 24/7.

 

 

In FTL, BofA has 'virtual tellers' at some locations. The one that is near me is open till 10pm, and you can get 100's from the teller.

 

And I have to say that I'm a little perplexed by the comments from some posters who mention that banks question the amount and reason for withdrawal. I have never heard of such a thing. I have never had BofA question a large withdrawal or the reason for it. When I travel, I will withdraw 5-6k in cash to carry. (no lectures...it works for me) and they have never said anything, ever. Once I even emptied an account to finish renovations. It was a substantial amount of money. The teller did ask the manager for an override, and the only thing he asked me if I wanted to keep at least 100 dollars in the account to keep it open, or did I intend to close it. I told him that I did not intend to close it, and that 100 dollars was fine to leave it open, but he never ever questioned the withdrawal or asked me why I needed it.

 

Ok back to the TylerandAce...

[jackjackjack]

how do you obtain the $100 bills from a Chase ATM; is there a button you press when you opt to withdraw?

 

There's an option on the screen. For example, if you ask for 300$, the next screen gives you choices on how you want your bills.... 100s , 20s, and I think another denomination... can't remember. Just mix and match what you want.

[oceansunshine]

I would use specific cc's with providers I use/trust and it would IMHO be safer than using carrying cash for all concerned.

 

Semi related I learn things almost everyday I never expected from this site. Today's interesting "word-of-the-day" was Maccas, thanks to AU's Mike Carey's post.

 

"I know I even use a card to pay for Maccas."

 

I had to look up the term "Maccas".

 

http://www.urbandictionary.com/define.php?term=maccas

 

It's even used on the McDonald's ho me page....Mymacca's as a icon button.

https://mcdonalds.com.au/

[rvwnsd]

... Last time I used a US ATM they typically only dispensed 20s, is that still the case? $1000 or $1200 in 20s anyone? ...I agree with others that with just a little planning there is not much difficulty in having the cash available for an appointment.

 

Citibank ATMs in California now dispense $50's and $20's when the withdrawal amount exceeds a certain threshold. However, the ATM determines the mix of bills.

 

I would totally use a credit card because I have very few confidentiality concerns. It would also amuse me to get airline miles on an escort ride.

 

You will like this. I received $50 in Amex cash-back rewards and a $20 Nordstrom Note for using my Amex and Nordstrom Visa cards to pay for escorts.

 

...For someone with little or no self control when spending...the availability of using a credit card for escorts, could spell financial disaster. I wonder what Suze Orman would think of this idea...

 

Suze Orman always says "People first, then money, then things."

 

I find the inflexibility of ATM owners in our two countries to be perplexing. It's not as if the ATMs can't be programmed to issue more notes (er I mean bills). ...

 

It is less a case of programming limitations than it is of physical capacity and of popularity of denominations. Years ago, ATMs dispensed $5's and $20's. Some also dispensed $10's. Then ATMs started coming with two cartridges. The $20 bill is very popular, so ATMs started filling both cartridges with $20's. Many merchants in the US will not accept a bill larger than $20, so $50's and $100's are not as popular.

 

Oh and since we are becoming a cashless society, bankers and tellers are becoming way too nosy about why we withdraw the sums we do. Too long to tell here, but I have an infuriating story about withdrawing a few thousand bucks cash awhile back. I closed my account with that bank and ended my biz dealings with them.

 

That's ridiculous. Good for you for closing that account.

 

Good point. I just saw a list of things that will be disappearing over the next decade. It included both cash and ATMs. Who knows how accurate the prediction is, but we may all need to adapt.

 

ATMs will not disappear. They will evolve into "kiosks" and "virtual tellers" that allow customers to perform most teller transactions via a self-service device.

 

All that being said, I would prefer to perform - ahem- a "transaction" with Tyler and Ace than with a teller any day of the week.

[mike carey]

I had to look up the term "Maccas"

Sorry to put you to the trouble of looking that up!

 

I have to agree with Rvwnsd that a real life transaction with Tyler and Ace would trump any other teller transaction!

[oceansunshine]

Sorry to put you to the trouble of looking that up!

 

I have to agree with Rvwnsd that a real life transaction with Tyler and Ace would trump any other teller transaction!

no problem. I just posted as I figured if I didn't know the term, some others might not either......

[mike carey]

No problem at all Ocean, we often seem to be divided by a common language, Aussie English doesn't always translate!

[stop]

http://i2.cdn.turner.com/cnnnext/dam/assets/150616134355-moonshine-sutton-still-exlarge-169.jpg

 

wait I am confused is this a photo of Tyler and Ace who started this post?

[jimboivyo]

unless u claim every escort penny you make, accepting a cc is a problem

 

don't let making money now over shadow how ugly the IRS can be. audits go all the way back. are you ready for that?

[+ saminseattle]

I have relationships with 4 banks. Hate 'em all. No good bankers......

 

Anonymity is gone. Anyone who wants to know what we are doing, knows what we are doing. I envision cash will be regulated out of the economy. Either outlawed or taxed for using it and making its use undesirable.

 

Yes, it seems the government doesn’t like cash. It makes it too hard to track what people are spending their own money on. If you withdraw too much, you have to tell them what it’s for, and if you try to avoid doing so, you’re guilty of a crime. This is what got Mr. Hastert in trouble not so long ago. https://www.washingtonpost.com/news/the-fix/wp/2015/05/28/why-dennis-hastert-got-indicted-by-the-feds/

 

Interesting how what starts out as “protecting people from terrorism” morphs into investigating people any kind of “suspicious” cash withdrawals. Still, the reporting threshold is currently $10,000, so most folks who want to avoid leaving an electronic trail can probably still use cash (unless of course they have a very expensive meeting planned).

[+ sam.fitzpatrick]

And I have to say that I'm a little perplexed by the comments from some posters who mention that banks question the amount and reason for withdrawal. I have never heard of such a thing.

 

There are anti-money laundering laws that require banks to document certain cash transactions. Deposits and withdrawals of $10,000 in cash on any given day require the completion of currency transaction reports which include a 'purpose' of the transaction. And in some cases, lower limits apply if cash is being used to purchase cashier's checks or travelers cheques.

 

Banks also will ask questions, specifically of senior citizens if a cash withdrawal is out of the customer's behavior. Senior citizens are often targets for schemers that convince a senior citizen to withdraw $1,000 or $2,000 from an account to give it to them to "repave your driveway" or "post bond to get your grandson out of jail" and asking questions helps prevent the crime.

 

Typically, a transaction of $5,000 or $6,000 won't raise any eyebrows.

[Guest]

I would think that most clients prefer paying in cash, so as not to leave an easily-discovered record of the transaction. That being said, I'm sure that accepting credit cards would increase business some. Unclear by how much, though. If it doesn't cost much to set up, you might as well do it.

[+ WilliamM]

I would think that most clients prefer paying in cash, so as not to leave an easily-discovered record of the transaction.

 

Very true a decade or three ago. I wonder if it still true today?

[Tigger]

I would think that most clients prefer paying in cash, so as not to leave an easily-discovered record of the transaction.

 

Very true a decade or three ago. I wonder if it still true today?

 

Assuming you don't go over the sum required for bank reporting, and neither you nor the escort tells and the bills are unmarked, I have trouble seeing how a purely cash transaction is going to be traceable especially if we are talking about a short visit as opposed to an overnight or weekend.

[+ Keith30309]

Cash is king if you are at all concerned about privacy.

Any kind of electronic transaction in the US is going to leave a fingerprint somewhere - it's just a matter of how hard someone is willing to look and how much authority they have to do things like subpoena records or seize your computer. There's been lots of discussion on the forum about privacy and using things like burner phones, VPN's, gift cards purchased with cash, etc., and electronic financial transactions, on both the credit & debit side, lead straight to your social security number or similar personally identifiable information.

 

Conversely, if I were pressed to explain 5 ATM withdraws totaling $2500 over the span of a week then guess what - I had a bad day at the craps table/horse track.

If I must use a credit card for a Rentmen subscription or Go Fund Me contribution then I go to CVS and get a defined value VISA.

[+ WilliamM]

Cash is king if you are at all concerned about privacy

 

Premier escorts in Philadelphia accepted credit cards. Occasionally I paid w/ a credit card, not cash. It is different though with an individual escort, but not greatly different.

[Electra225]

I've met with several escorts and masseurs in various cities, including Houston. While my first and even second appointment is always with cash, as the trust level increases and if the providers is able to accept credit or debit cards, I have used them (Square only). For me, it is fast, simple, and easy. I hate going to an ATM after dark when the bank is closed and the limits placed on withdrawal don't allow for an extended appointment. One thing I have done, quite successfully, is pick up the hotel tab for a visiting escort or masseur (room and tax only) in an amount that would equal (or slightly exceed) their fee for the length of the appointment requested. Confidentiality is maintained and the escort/masseur is usually very pleased with this arrangement.

[Kuriousity]

Thanks all. I posted in the Lounge to get feedback from both sides, but primarily wanted to know a client's perspective. I'm all about eliminating sales barriers and if clients find accepting a CC facilitates the close then we would accept some risk of forfeiture due to fee reversal. There is a cost of business, and I understand that. I'm not sure about accepting a check, though. I could see it with someone you had an established, trusted relationship, maybe.

 

Thanks all. I posted in the Lounge to get feedback from both sides, but primarily wanted to know a client's perspective. I'm all about eliminating sales barriers and if clients find accepting a CC facilitates the close then we would accept some risk of forfeiture due to fee reversal. There is a cost of business, and I understand that. I'm not sure about accepting a check, though. I could see it with someone you had an established, trusted relationship, maybe.

 

 

Have you considered setting up a non-profit charitable foundation? I recall years ago Tyler doing some work with Playgirl, and he filmed a little video vignette where he mentioned he had been prior service Air Force (not sure if that was true or bullshit the magazine made up for him to say). You could set up a foundation that helps military veterans. There is no legal minimum that charitable foundation HAS to give as long as they do disburse SOME funds each calendar year. You two could set it up with you two & maybe one or two other people as nominee directors, and then revenues (minus what is actually used for charitable purposes) could be used for "operating expenses", not unlike what the ASPCA does--very little of what is given to the national organization is actually used for charity work, but rather overhead & PR. In that situation, you could take checks, and provide the check writer a receipt they could use for tax purposes---since I am guessing you would get clients on the higher end of the financial scale due to your joint rate. As a non-profit, you would not pay tax on what you took in.

 

Just a thought...

[+ purplekow]

Premier escorts in Philadelphia accepted credit cards. Occasionally I paid w/ a credit card, not cash. It is different though with an individual escort, but not grearly different.

 

As to why a client may not have enough cash...I am planning on coming to the PS get together and I believe I will be doing a bit of hiring. I will be there for 5 days and I could envision a situation in which I would need thousands of dollars if I were to pay in cash. This is really inconvenient for me as I tend to be a bit absent minded and I am constantly misplacing things.

On my wedding day, I had $7500 in cash to pay the band and another sum as a tip, for the maitre d'. Came the end of the evening I could not find the money. I spent an hour running around the St. Regis looking for my money. Ultimately, it turned out the the tuxedo I was wearing had extra deep pockets and the pocket had turned on itself, so when I placed my hand in the pocket the money did not seem to be there. I only found that out when I went back to the bachelor room to change my pants and felt the money while folding the pants. I guess in my panic and reasonable intoxication, I just did not feel the money in my pants. Anyway, the point is, I would rather pay by credit card. I do not give a fuck if the government or anyone else knows where the money went.

[+ TylerandAce]

As to why a client may not have enough cash...I am planning on coming to the PS get together and I believe I will be doing a bit of hiring. I will be there for 5 days and I could envision a situation in which I would need thousands of dollars if I were to pay in cash. This is really inconvenient for me as I tend to be a bit absent minded and I am constantly misplacing things.

On my wedding day, I had $7500 in cash to pay the band and another sum as a tip, for the maitre d'. Came the end of the evening I could not find the money. I spent an hour running around the St. Regis looking for my money. Ultimately, it turned out the the tuxedo I was wearing had extra deep pockets and the pocket had turned on itself, so when I placed my hand in the pocket the money did not seem to be there. I only found that out when I went back to the bachelor room to change my pants and felt the money while folding the pants. I guess in my panic and reasonable intoxication, I just did not feel the money in my pants. Anyway, the point is, I would rather pay by credit card. I do not give a fuck if the government or anyone else knows where the money went.

I like the way you think...and apparently we are a lot alike!

[+ TylerandAce]

Have you considered setting up a non-profit charitable foundation? I recall years ago Tyler doing some work with Playgirl, and he filmed a little video vignette where he mentioned he had been prior service Air Force (not sure if that was true or bullshit the magazine made up for him to say). You could set up a foundation that helps military veterans. There is no legal minimum that charitable foundation HAS to give as long as they do disburse SOME funds each calendar year. You two could set it up with you two & maybe one or two other people as nominee directors, and then revenues (minus what is actually used for charitable purposes) could be used for "operating expenses", not unlike what the ASPCA does--very little of what is given to the national organization is actually used for charity work, but rather overhead & PR. In that situation, you could take checks, and provide the check writer a receipt they could use for tax purposes---since I am guessing you would get clients on the higher end of the financial scale due to your joint rate. As a non-profit, you would not pay tax on what you took in.

 

Just a thought...

Very interesting idea...and yes, he did do a stint in the AF. That could be a possibility. If the preachers can do it for Jesus and fly around in G7's....

[Kuriousity]

Very interesting idea...and yes, he did do a stint in the AF. That could be a possibility. If the preachers can do it for Jesus and fly around in G7's....

 

That way, clients are donating to a worthy cause and not paying for the mother of all fucks.