How to Collect Money?
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Thread: How to Collect Money?

  1. #1
    DJ_SFinKz
    Join Date
    Jan 2001
    Posts
    249
    Now we have all been in discussions where we talk when we get the money and how much ect but once you ahve decided allllll that HOW?

    By mail or by credit crad - what is the most common way of recieving money from a client?

    Money makes the World go Round is a true saying lol.

  2. #2
    Senior Member
    Join Date
    Oct 2000
    Posts
    268
    I collect by check. Then again, I'm not set up to receive credit cards (which would be a viable option).

    I would assume the answer would depend on the size of your business or organization.

    regards,

    dstewart


  3. #3
    DJ_SFinKz
    Join Date
    Jan 2001
    Posts
    249
    Yes.....do you think cash is a good or bad idea?

  4. #4
    Senior Member
    Join Date
    Feb 2001
    Posts
    221
    I say it's good... but one very important downfall -- it's hard to track with no paper trail. If you have a business, and plan for it to grow... you really need something to track for business analysis, etc. Cash is okay... if you want the additional overhead of depositing everything at once, and documenting who gave it to you, etc etc. People have a bad habit (myself included) of taking the cash... then inadvertantly spending it, thinking... well, I can transfer my money in my personal account into the business, and everything will be fine.... then procrastination and forgetfullness sets it. Unless you are freelancing... then this comment is worthless. haha

    Cash is fine... just be careful.

    --Neelixx

  5. #5
    DJ_SFinKz
    Join Date
    Jan 2001
    Posts
    249
    Yeah,
    I am freelancing

    Thanks for the comment.

  6. #6
    What about sexual favors?

  7. #7
    DJ_SFinKz
    Join Date
    Jan 2001
    Posts
    249
    Now theres an idea!!
    Do it for a porno site lol
    (get a bit of the good stuff on the side lol)

  8. #8
    Senior Member
    Join Date
    Jun 2000
    Posts
    504
    We've set up an internet banking account. Out of town (or country) clients can deposit money to our account from their own bank. There are some fees at both ends but if the client is in a rush to get started and you don't want to start until you see some $$, this can work well.
    Cash is always nice. The only problem is that if you do a significant cash business involving relatively large amounts, you invite scrutiny from the taxman. Even if you aren't evading taxes, they tend to look at cash deals as suspect.
    hth

  9. #9
    Ugly with a capitol F Ekostudios's Avatar
    Join Date
    Jan 2001
    Location
    Injun-ana
    Posts
    91
    Id go w/ one of those internet money sending sites (isn't that laundering tho?)

    Or use check.

    I have now agreed 2 never accept credit.

    And I am now trusting the internet more than the U.S. mail system.

    I have lost much money through it!

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