: Financial Question : Discussion in Newbie - FAQ, posted by TalkToTrees

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Financial Question

TalkToTrees 1802 reads

posted 12 years ago

Was wondering about something here.

I wasn't sure if this fits the General Discussion or the Newbie forum.

I know it's a standard procedure to pay for services by cash or in some cases by credit card.

What about money orders?

Is that an acceptable method of payment?

Money orders are far more liquid than credit cards - Meaning money orders can be converted to cash at banks, check cashing stores and even grocery stores. Money orders may not be as liquid as hard cold cash, but money orders are safer method than carrying around large sums of money in your pocket.

Providers - What's your opinion on this?

The Forest Waits

swimtrekr12 years ago468 reads

I have seen ads where some will accept CC's.

Never seen any mention of money orders. Not sure MO's are any safer than cash unless they are filled out with someone's real name. That would entail the provider telling you her real name ahead of time, and I'm not sure many would want to do that.

It will be interesting to see what the ladies have to say on this.

Swim

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TalkToTrees12 years ago415 reads

Re: I have seen ads where some will accept CC's.

Swim,

Actually, I have used money orders and left the name line blank. That person who gets the money order can fill out the name line themselves and cash it immediately.

When you get a money order, all they do is imprint the amount of the money order and other identifying info like reference number in case the money order does get lost.

No fuss, no mess.

The Forest Waits

P.S. If you were to use a bank cashier check, then you will be required to give out the real person's name and address. That's not what I am talking about here.

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swimtrekr12 years ago448 reads

Hear that, but I was thinking

that carrying around a blank money order would be no safer than carrying cash.

Swi

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impposter12 years ago442 reads

Another Potential Downside to MO

(I will probably use MO to renew TER when my VIP starts to run out. BRING BACK TRUSTCASH!)

I keep the stub with the date, serial numbers, amount, and my own notation of what it was for just in case there's a problem. ("You didn't get my MO yet? I sent it two weeks ago.") At some point, I can contact the MO company (Western Union, bank issued MO, etc.) and ask if it was cashed / redeemed yet and then, if I suspect a problem, I can blurt out, "What? It was cashed? But that eBay vendor told me they never received my payment!! What is the name / signature on the MO? Can you send me a copy so I can show them? Maybe one of their employees cashed it personally. Yes, next time I'll fill out the "pay to" line myself but they told me to leave it blank.

More info in the link.

The Forest Waits

Cut and Paste Method:
https://www.usps.com/shop/accepting-money-orders.htm

Related Link: Accepting Postal Money Order

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natashalynne12 years ago423 reads

And you could still report it lost or stole, which would open up an investigation.....

and put the girl at risk.

No way, no how

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SoftlySarah12 years ago611 reads

Problems with MOs

is that they are pretty counterfeitable. Remember the Nigerian scams? Also, like checks, your bank waits a week or so to make the funds available. And like the last poster mentioned, if the buyer keeps the receipt he can find all kinds of info on you.

So no, I wouldn't accept them.

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BeautywithBrains12 years ago349 reads

I often accept money orders, but they are not my.....

...preferred choice of payment. I mostly accept them for deposits. I much prefer credit cards, or AMEX Gift Cards for deposits, and cash, credit cards, or AMEX Gift Cards to take care of my gift. It all spends!

My bank processes money orders the same as checks. They clear overnight. When I deposit them, or cash them, I either write them out to my business, or use my initials, which my bank accepts. If someone can decipher my signature, more power to them.

Hugs and Kisses,
Kelly

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nahtynikkey12 years ago434 reads

Re: Problems with MOs

Yup, and if the buyer keeps the stub, he can also report the money order lost or stolen, receive his money back, and whomever's name is on the cashed MO can be charged with fraud/theft/etc.

Posted By: SoftlySarah

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impposter12 years ago520 reads

Re: Problems with MOs

Posted By: nahtynikkey

Yup, and if the buyer keeps the stub, he can also report the money order lost or stolen, receive his money back, and whomever's name is on the cashed MO can be charged with fraud/theft/etc.

Posted By: SoftlySarah

To Softly Sarah, I'm not "last poster", I'm impposter

Lots of potential snags with MOs. In NahtyNikkey's example, "He" would report theft and it can be traced and be tied to, e.g., BeautyWithBrains bank account even tho she only used her initials. "She" would then be able to prove that "she" knows "he" and make a case that it wasn't theft (e.g., anonymous pickpocket, anon stolen wallet from locker room) and he filed a false complaint. "He" would then argue that, yes, he knows her but that he didn't give it to her but that "she" stole it when he wasn't looking. It's getting uglier and uglier and it's all lose-lose.

If TalkToTrees is listening: Stick to cash

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TalkToTrees12 years ago428 reads

It's Amazing How Much

misinformation is getting out there when people don't do any kind of research.

The link shown is what happens if someone "claims" that they lost the money order.

This quote is direct from USPS if a money order is stolen.

"Stolen money order means a U.S. Postal Money Order stolen from a Post Office, classified or contract station or branch, or USPS employee before it is officially issued by the Post Office, classified or contract station or branch, or by a USPS employee discharging his or her official duties."

That means, if someone steals your money order AFTER it has been issued by the USPS, too bad, you're out of luck! It's the same deal with hard currency, if someone steals your wallet, you're out of luck.

The Forest Waits

Cut and Paste Method:
http://www.moneytalksnews.com/2012/01/26/your-usps-money-order-is-lost-what-now/

Posted By: impposter

Posted By: nahtynikkey

Yup, and if the buyer keeps the stub, he can also report the money order lost or stolen, receive his money back, and whomever's name is on the cashed MO can be charged with fraud/theft/etc.

Posted By: SoftlySarah

To Softly Sarah, I'm not "last poster", I'm impposter

Related Link: If Money Order Is Lost

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TalkToTrees12 years ago434 reads

Re: Problems with MOs

Not sure where you got the info on money orders, but money orders are far more liquid than personal checks, which do require a processing time.

Maybe the link below may help with how US Postal Service money orders work.

The Forest Waits

Cut and Paste Method:
https://www.usps.com/shop/accepting-money-orders.htm?

P.S., I only use US Postal Money orders because they do provide ways against counterfeiting.

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GaGambler12 years ago453 reads

You have been given several valid concerns from the women why they DON'T accept MO's

You seem to have no problems acceding to a providers wish to use an envelope, why are you digging in so hard in regards to using a Money Order?

I will grant that money orders are much better than Cashiers Checks which have a whole myriad of problems associated with them, but for a provider who eventually has to put her real name to said money order in order to cash one, it opens up all sorts of privacy concerns.

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TalkToTrees12 years ago484 reads

Relax, what's with the negativity?

I asked a simple hypothetical question.

It has nothing to do with envelopes. Why even bother bringing that up?

I don't see where there would be a privacy concerns if you put your real name on the money order.

If I gave you one without a name written down, I will never know your real name. The only person that needs to verify the owner of the money order is the person who is cashing it for you.

F.Y.I., I have NEVER used money orders to pay for a session.

The Forest Waits

Posted By: GaGambler

You seem to have no problems acceding to a providers wish to use an envelope, why are you digging in so hard in regards to using a Money Order?

I will grant that money orders are much better than Cashiers Checks which have a whole myriad of problems associated with them, but for a provider who eventually has to put her real name to said money order in order to cash one, it opens up all sorts of privacy concerns.

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GaGambler12 years ago360 reads

Let me try this again

If you use a money order to pay for a session, and IF you so chose to, after paying the lady for the session you COULD report the MO stolen, and not only find out the name of the person who cashed said money order, but contest the transaction as well. THAT's why few if any providers are ever going to start accepting MO's as payment.

The very thing that makes MO's safe for you, makes them dangerous for a provider. What do you think happens when you report a money order lost or stolen? The first thing they do is check to see if it's been cashed, and then they ask you if you know a Bambi Smith, because she it the one that cashed it on 6-8-2014, at such and such bank., Now you not only know the real name of the provider you just saw, but you can make her life miserable if you claim you never gave her said money order. Is any of this sinking in?

xyz, if you are reading this, TTT is the kind of poster I was talking about in my earlier post. TTT until you actually learn about this hobby will you please start asking for advice instead of giving it?It's becoming a full time job cleaning up your messes here. I am sure you mean well, but your advice is almost always wrong and as such, you are doing more harm than good here.

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119296712 years ago483 reads

Yep, I hear ya! (eom)

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TalkToTrees12 years ago566 reads

Let Me Tell You...

... to read my post above this one. The one titled... "It's Amazing How Much".

That post says it all.

F.Y.I., if you want to monitor every post that I make... be my guest!
I couldn't care less what you say or think. The only thing that matters is what TER thinks of my posts and if my posts violate their forum rules. Whining about me to other users makes you look like a child. Man up, boy!

The Forest Waits

Posted By: GaGambler

The very thing that makes MO's safe for you, makes them dangerous for a provider. What do you think happens when you report a money order lost or stolen? The first thing they do is check to see if it's been cashed, and then they ask you if you know a Bambi Smith, because she it the one that cashed it on 6-8-2014, at such and such bank., Now you not only know the real name of the provider you just saw, but you can make her life miserable if you claim you never gave her said money order. Is any of this sinking in?

xyz, if you are reading this, TTT is the kind of poster I was talking about in my earlier post. TTT until you actually learn about this hobby will you please start asking for advice instead of giving it?It's becoming a full time job cleaning up your messes here. I am sure you mean well, but your advice is almost always wrong and as such, you are doing more harm than good here.

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Hieronymus12 years ago423 reads

CASH

If find it hard to understand why a lady would accept any form of payment other than cold, hard cash. Difficult, if almost impossible, to track. Credit cards, gift cards and MOs are a needless risk and complication. The Feds ability to track payments, identify purchasers and recipients of any form of payment other than cash, is truly frightening. Their ability to mine data, issue blanket subpoenas, the federal grand jury process, surveillance and intimidation is draconian. The real issue you face is converting the cash accumulations into a legitimate assets that avoid Treasury (which includes the IRS) scrutiny. This is where the money-laundering dance begins. It's one thing to be busted for prostitution, but quite another to get caught attempting to convert untaxed and illegally earned cash into legitimate assets. The morale of the story: lie low, don't talk about what you do, don't talk about how much you earn/accumulate, file tax returns that reflect net earnings consistent with your life style and employ a sophisticated advisor, preferably one with communication privileges, that understands these issues and keeps you out of trouble. You need to fly low and stay under the radar! You don't want to turn a minor local legal matter into a federal criminal prosecution that you can't possibly afford to fight and surely can't win.