SAAFE forum
General Category => Questions and Answers => Topic started by: Abbeycro on 30 March 2022, 02:37:29 pm
-
I have to admit this is really now getting to me, as per my comments in the thread about people turning up with no cash wanting to pay with apps/cards/mobile banking and bitcoin.
I live in an area that is very middle class outskirts of London and I am amazed at how many places now wont take my cash, most places do, but it is starting to worry me as more have gone cashless. My clients tell me that I am the only person that they pay in cash and don't carry it at all any more.
No card companies will touch us if we are honest about what we do, no banks will let us open an account if we are honest about what we do. I used to worry about laws coming into criminalize the client etc., but now I think just doing away with cash will do the job for them.
In the town I live in 2 more banks have recently closed, and the big towns around me have more closing in the next month. You can use the post office, but I am uncomfortable with that as you have to use the counter, and not a machine which makes it more anonymous.
I wondered if anyone had found any way of taking virtual payments without having to lie about the nature of the business, which risks chargebacks and other issues.
-
This is something that has also been on my mind too.
Since the pandemic so many more people have gone cashless, I have seen a big increase of my customers asking to pay via online banking app, I’ve allowed this few times but I’m very uncomfortable with clients knowing my name if they found out.
Also I’ve heard they can get the money back. No sure if it’s true or not.
I can see cashless coming very soon.
I hope that cash will still be in circulation. But I can’t see it happening :FF
-
.
-
I was having this discussion today with a client, He does cash jobs on the side and his bank was asking loads of questions when he tried to put money in his bank, He was told he had to do two separate £500 and not £1000 in one go. My clients still pay cash but it is a worry if cash is shunned. Now your name will show be shown to clients if you they do a bank transfer. Potential sore or stalker clients could make trouble if they got hold of our names.
-
If it's any comfort, over where I work (Norway), the government itself has been actively pushing for phasing out cash for at least a decade - only one bank in my town accepts physical deposits to an account, for example. And that hasn't stopped places from accepting cash, except for vaguely hipster cafes. I pretty much never even see anyone -use- cash, besides myself, and yet the option remains because there is just no good reason to scrape it.
-
I was having this discussion today with a client, He does cash jobs on the side and his bank was asking loads of questions when he tried to put money in his bank,
If by 'cash jobs on the side' you mean he plans to not declare the income and avoid paying tax then he's not only part of the problem, but he's none too bright if he's paying it into his bank account. He'll likely be caught and held to account, and hopefully sooner rather than later.
Getting rid of cash won't happen while it's still discrimatory towards people who struggle with online banking or don't have bank accounts as well as it punishing people on low incomes who need to budget. Back on topic, and Cashapp has been mentioned on the board a few times if you do a search. The deposit thread has some good info IIRC :)
-
Look at how easy it was for visa and mastercard to be switched off for the Russian people.
This should be a warning to us all. If a different political situation unfolds in future, it could easily be other countries (including us) getting cut off overnight. And if/when we have dispensed with cash in favour of relying digital transactions, it would absolutely turn our lives upside down.
-
Cash apps terms and conditions do not allow payment for escort services, which means they could reverse the transaction.
Taking money via bank transfer reveals your real name to customers who can then google you. Gift cards are great for deposits, but not much else. It really is an utter pain, fingers crossed cash stays for a while longer.
-
Cash is not going to disappear anytime soon.
-
Look at how easy it was for visa and mastercard to be switched off for the Russian people.
This should be a warning to us all. If a different political situation unfolds in future, it could easily be other countries (including us) getting cut off overnight. And if/when we have dispensed with cash in favour of relying digital transactions, it would absolutely turn our lives upside down.
Ditto. There are also situations like a standard financial crisis situations to consider - Greece outright had withdrawal limits on people's accounts during the big financial kerfaffle they experienced good few years back.
-
Cash apps terms and conditions do not allow payment for escort services, which means they could reverse the transaction.
They maybe don't, but plenty of people seem to use it - I've only rarely had anybody ask to pay any other way and I can't remember the last time so I haven't looked into it. I am close to plenty of cash machines though so it's maybe easier for people here.
I'll remind everybody else that we need to stay on topic, and the topic is sex work (I appreciate the thread title isn't helping so I'll change it shortly). There are plenty of places online for general discussion topics and this isn't one of them :).
-
I do wonder how that would affect other types of businesses too. A lot of corner shops and takeaways only use cash as I’ve heard some of them don’t like to pay the additional charges for taking card payments. Apparently a retailer is charged 10p to 20p for every single debit card transaction which I’m sure would add up over time. Some of them even apply surcharges as you do go into certain shops and they say 50p for card payments although this is now illegal from my knowledge. Anyway irrelevant I do feel there would be some protest from those small family own business who are trying to keep every cost down and save as many penny’s as they can.
-
I take a good proportion of my money into by bank account through online banking. I just tell them they'll get a name mismatch error and they'll have to ignore it. I pay cash in through the post office (around £1k a time). My cash app was closed down.
-
Does this definitely hide your name, if you give them a fake one? to do bank transfer. I am really nervous of it revealing my details.
I just did a test and it seemed to work, but will have to try all my banking apps to check.
-
As Ms Rehead said, when money is transferred online, the bank prefer there to be an exact match with the account name. But you can still receive transfers even with a name mismatch. The payer assumes the risk of paying into the wrong account. So I ask the client to send a £1 first just so you both know that the account details are correct. And then follow up with the balance once you are both happy. There is no way that the actual account name or any other details are revealed. Data protection ensures that.
-
I can only tell you my experience and it works for me. Also, for International bank transfers the bank doesn't try to verify your name at all
-
I always take bank transfers for deposits an lately I’ve been accepting more bank transfers for the full booking. They put my work name I’ve never had to tell them my real name & I’ve never had an issue
-
I always take bank transfers for deposits an lately I’ve been accepting more bank transfers for the full booking. They put my work name I’ve never had to tell them my real name & I’ve never had an issue
Is this using a business account that allows your real name be hidden? The transactions using personal current tend to show real names on bank statements.
-
Hi,
I have definitely seen the bank showing a person's real name when the wrong details have been put in. It confirms if you meant this person and shows the real name on the screen.
I'm not sure if it is when there is a slight mismatch compared to a completely different name.
-
I just can't trust any of these strangers to pay me by card .the least they know about me the better.
-
Hi,
I have definitely seen the bank showing a person's real name when the wrong details have been put in. It confirms if you meant this person and shows the real name on the screen.
I'm not sure if it is when there is a slight mismatch compared to a completely different name.
that's when it's a slight mismatch
-
A couple of clients who've paid me by bank transfer (one many times) have later for other reasons down the line badgered me for my real name. ::)
-
Is this using a business account that allows your real name be hidden? The transactions using personal current tend to show real names on bank statements.
Nope my normal account, no one has ever referred to me as my real name so I’ve never had any issues. When they’re trying to send it shows up as ‘are you sure’ sort of thing but it’s always been fine x
-
If you open a buiness account. For example ceris holistic therapy. Wont the clients just get the buiness name not your actual real name?
-
Not that worried about the actual demand, I’m more concerned about the push for a cashless society and banks being overly nosey over the use of cash (yes including withdrawals). There is something creepy and uncomfortable about all spending being known and a bank interviewing you about what do you want to do with your own money.
I can see a reduction in punting for a lot of men who don’t want any paper trail on their bank accounts as well as reluctance of many WGs to have their name displayed on a punters bank statement if she uses a current account to take payments.
-
Like Northstar it really annoys me how my bank ask me whenever I put money into my account "Where did it come from"...And I only put cash in 4 times a year and always below £900. Banks shouldn't have so much power but happy to get our money and make so much from customers. But yes this cashless push could be a big problem but I still pay cash for stuff and actually with money being a issue more people prefer to use cash to keep track of what they spend.
-
I agree going cashless is much more of a risk to escorting than men's libidos disappearing! Even now casual sex is socially acceptable, there's still more men wanting it than women giving it.
-
Like Northstar it really annoys me how my bank ask me whenever I put money into my account "Where did it come from"...And I only put cash in 4 times a year and always below £900. Banks shouldn't have so much power but happy to get our money and make so much from customers. But yes this cashless push could be a big problem but I still pay cash for stuff and actually with money being a issue more people prefer to use cash to keep track of what they spend.
I have hardly been asked this but i remember around covid time i put 1500 into my personal account in cash and one of the bank clerk said to me do you mind if i ask where this is from? I said that's a bit nosey it's not like it's a huge amount. She said oh it's just we are encouraged to ask this every now and again. I said well it's to cover my bills from previous money i earnt from working and i need it in this account.
It's very annoying, i understand if its a large amount over 5k or something then they have to ask for money laundering purposes but goes too far.
-
If clients want to do a transfer i just give my business name for the transaction. Alternatively you can request an additional card holder on your business account and use your working name to be embossed on the card (unless your using some sort of outrageous porn name lol)
-
If clients want to do a transfer i just give my business name for the transaction. Alternatively you can request an additional card holder on your business account and use your working name to be embossed on the card (unless your using some sort of outrageous porn name lol)
Very good idea, thank you!
Alternatively set up some business account so punters statement only show the company’s name. However the company services and it’s nature need to kind of match the payments received.
-
What I'd like to do is take credit card payments. They can go to the bank next door for cash - I want to get money from the impulsive ones who don't have the cash in their current account.
-
I want to get money from the impulsive ones who don't have the cash in their current account.
What about chargebacks? Personally I would be doing anything to protect myself from these and impulsive clients full stop.
-
What about chargebacks? Personally I would be doing anything to protect myself from these and impulsive clients full stop.
Or forgetting PIN.
-
Until the US or EU withdraw physical (paper) currency, I wouldn’t give a cashless society here or anywhere for that matter, a second thought.
-
What about chargebacks? Personally I would be doing anything to protect myself from these and impulsive clients full stop.
If they put in their pin number, it's much harder to do. If they forget their pin then I guess it's like forgetting their cash - they've wasted everyone's time.
-
Iv heard there will be a vote this month on the cashless society proposal, if we start using bank transfers even if we have a business account can any malicious clients call our banks to say that we are SW’s to get the bank accounts closed or would this go down as a slander on their behalves?
-
Iv heard there will be a vote this month on the cashless society proposal, if we start using bank transfers even if we have a business account can any malicious clients call our banks to say that we are SW’s to get the bank accounts closed or would this go down as a slander on their behalves?
Yes they could call the bank and tell them and you probably wouldn't know who it was. It wouldn't really be slander as it's true. There would be nothing as far as I am aware that you could do.
-
Iv heard there will be a vote this month on the cashless society proposal
Where? How? What source?
-
I’d also like to know the source on this apparent vote for a cashless society ?
-
I’d also like to know the source on this apparent vote for a cashless society ?
So would I. It'll be news to the Royal Mint, who've not long started producing noted amd coins with King Charles on instead of the Queen.
-
Makes me so mad, Should be a choice and those restaurants and shops are forcing it and isn't it in a way discrimination refusing certain people who choose use cash to be banned in literally from gracing their establishment. Trying to make it embarrassment to those who want to pay with dash. I think the government would love it because then its total control, If you only use your card then all of yiur personal life is there to see with every swipe from the minute yiu tap your card. I think if we don't protest this it will be allowed to become the new norm everywhere, Benefits the big companies. Most clients would not Want to pay by card for discretion, Future will be payment in gift cards lol. Actually had a guy who use to pay me with those loaded vanilla cards and it was a pain as most shops didn't except them.