Bear with me because there's a lot to consider. That particular platform you mentioned has never been the most friendly to this industry, nor are their affiliates like Venm0. I like to "keep my head down and ear to the ground" on twitter as a means to keep a pulse on trends within the industry. There has been a noticeable increase over the last two years of these platforms cracking down on users who are not using their legal names and/or a legitimate business account. They will freeze the account and the funds until identification is sent proving the provider's identity. If the provider doesn't acquiesce to their demands/requirements, then the account is banned and the funds disappear. In addition, there have been some payment processors that will inadvertently "out" a provider by showing their legal name on statements. And while I have been lucky to meet with super sweet gents, there have been colleagues who have had clients hit them with a chargeback AFTER the date. One colleague in particular, based in London, was hit with nearly $15,000 worth of chargebacks from a long-term regular last year. Accepting deposits can be just as nerve-wracking for us as it is for clients to send them. I digress.
While I firmly believe "cash is king", it's becoming more difficult to keep everything under the table as certain practices, like deposits, become more common. And as the practice becomes more common, we have to meet our clients where they are at by providing various options to remit said deposit like cash in mail, e-gift cards, crypto, LLC invoice, etc. This industry is innovative and able to change on a dime, but again, operating under the table is going to continuously become more difficult (even bitcoin and other crypto can be a challenge), and it's going to be important for people to legitimize their respective businesses. Done correctly, creating a legitimate business provides some legal protection financially speaking, grants access to open up a small business account at a bank, and the ability to accept deposits or full payments via various electronic methods among other things.
Suffice to say, I think more providers will begin accepting electronic payment methods over time but it may take a while longer.
