Re: Hobby redit Card and Credit Card payments - Is it something you would do?

Yes I take cc's but it is a different method....it shows up as my clients paid for a 90 minutes business seminar. A webinar is actually sent to them via the net.

I have no interest in charging my time with ladies.

There are a couple main reasons for this:

No paper trail. If there are no financial-related records, none can be found.

No defecit spending. If you look at how the average American manages their money, it is horrible. People can't keep on top of their cashflow and obligations already. Hobbying is a luxury item that shouldn't be indulged in if it is beyond reach, and many people would max their credit cards and get sunk in debt with something as tempting as the hobby available on credit.

Personally, I am just fine with the hobby being a cash-based economy.

the funds.They always side with the client.

You do realize by using a credit card you are creating a paper trail.

For guys - gives wife/SO a trail to your activities, as well as LE if gal get busted

For gals - gives LE paper trail and if they find that it was for illegal activities you have then provided them a ton of evidence

I use CC's for pretty much all my purchases.  Hobbying is one thing that I pay with cash.  I agree with the others, there's too much risk with the paper trail for LE or SO to follow.  In addition, for the provider, you also give the taxman an easy way to calculate your income.

I have had quite a few utilize GreenDot cards.

In my experience I've had clients of mine who would load money onto my greendot card to put down their deposits, pay my travel expenses and so forth.

I think it is incredibly convenient because you can reload them just about anywhere (cvs, walmart, etc) so since the client pays in cash to load the card, it saves him a paper trail, I receive the funds instantly and there is no interest to be charged.

trust me, when you need to book a pricey international flight these things are awesome.

They also work really well if you have an ongoing relationship with a client. I have some regulars who will load me up at the beginning of the month and then I see them throughout the month. Our dates can be much more GFE this way since the business portion has been taken care of. It's great because if he just calls I can drop what I'm doing and meet up.this takes a bit of organization

I would never pay for anything like this with a credit card.   I never even use a credit card wherever I would not normally be.   I do not even use the prepaid toll system when going places that I normally would not go.   Never even get cash from an ATM where you are not normally.

Never leave a trail, and you will have less chance of being caught.

Whatever you do, don't use PayPal. Just had a friend whose account was frozen for "illegal activity" and they flat out said it was because she was an escort. They are not discreet, not reliable, and it is just a pain in the ass to use them. Now I have my name out there because I sent a payment through...ahhhh.

All others pay cash.  It way better for me to save my spending money for a nice time...  no risk of deficite spending.  No paper trail.

I can see traveling expenses...  but that's not an option in my circumstances.

Be careful out there,
skb

small business owners using a business cc (no SO issues) to pay for seminars.  The CPA that does the tax return is none the wiser.  But, if the lady gets caught, it could get real interesting with the paper trail created.