Newbie - FAQ

How to handle amounts to Providers over $2K
Mecha69 11 Reviews 1200 reads
posted

What is the best way to pay FMTY or overnight costs over $2000?

then any of the electronic payment methods like Cash Ap or Zelle work if she takes them.

 
Otherwise multiple gift cards are the way to go.

Someone recently posted a warning about a new IRS rule. Venmo, Cashapp, (Zelle also?) may be having to report money transfers using 1099-K forms.  
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My Q, below certain amounts, how to do they know the difference between a 1099 payment and a "this is for my share of the bar tab" payment?  
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http://www.theeroticreview.com/discussion-boards/legal-corner-25/irs-reporting-re-venmo-and-other-payment-apps-24712
IRS reporting re Venmo and other payment apps
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"New IRS regulations will require payments for services paid via services like Venmo, CashApp to be reported to the IRS on Form 1099-K.  So provider recipients will be subject to taxes on those payments. What is less clear is what information will be included in the Form 1099-K.  Some sources indicate that those forms, issued by the payment app, will include the true identity of each payor - so there will be a loss of anonymity for transactions where that is a concern. Still unclear, but probably wise to revert to good old paper cash for payments to providers."

Posted By: mrfisher
Re: If you don't mind the electronic trail...
then any of the electronic payment methods like Cash Ap or Zelle work if she takes them.  

Otherwise multiple gift cards are the way to go.

That’s a lot of gift cards. I am fine with an electronic trail. I just see most providers post cash. A bundle of $100 is 4 inches thick just not comfortable carrying that thru an airport. Thanks

Your first question was about $2000.00, which is only twenty $100 dollar bills, which easily fit into any wallet or envelope.  
Now you are talking about a “bundle” of 100 dollar bills at 4” thick. That’s $100,000.

Well, here in your second post you’ve answered your own question.  

 
If she has a clearly stated preference of wanting cash then you do that. Or whatever her preference is. Why over complicate matters? If she said she wants cash then you pay with cash and nobody here understands your question.  

 
There are gift cards that will let you put 2k on them. Many many gift cards go up to 500 bucks. How’s that a lot of gift cards?

 
2k is only a four inch stack if you’re a stripper.  

 
Why are you nervous about carrying it through the airport? If you’re worried about the authorities, everything I’ve read along with my own experience indicates that under 10k nobody cares. If you think you’re going to get mugged or something then calm down and man up. If you really are playing in the $2k+ per session end of the pool, then you probably walk around every day with stuff on you that’s worth more. The other stuff in your wallet, jewelry, watch, car, we all seem to forget about the thousand dollar mini computers in our pockets.  

 
If she’s flying to you why are you carrying it through the airport anyway?

 
If you’re that scared about it go to the bank when you land.  

 
If you’re so confident that you’re not worried about the electronic paper trail then why ask?

 
Oh yeah, you asked because you know they want cash but you’re “not comfortable” with that. So your real question seems to be about how to get around provider’s stated policies. Is that about the gist of it all? Well, that’s a dangerous game. Just don’t. Move on and find a provider that accepts zelle or venmo or cashapp. There are plenty of them out there.

I accept cashapp & venmo, so far this year all my FMTY’s have paid if full it sets the mood for the date. Everyone is different. Just the provider what she prefers.

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