Would you want cash or credit?

dereksbicycles

dereksbicycles

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Let's say that I would like to buy something from you. You are asking $50 for it. Would you be ok with taking credit for your payment? Here is an example: I decide to take my bike with me to gas station to meet a customer. The customer doesn't have $50. I decide to let customer use his credit card to fill up $50 worth of gas in my vehicle. Either way, I get my $50. Now, my question is whether you would take a credit for your payment? Did you ever do anything like that for a customer?
 
I don't see anything wrong with it, but in eyes of government it is called money laundry. Its very common, especially with drug trades to cover up transaction.

I don't think you will be in trouble because you aren't doing illegal business like selling dope, or trade EBT monies.
 
Sounds more like bartering then credit. You got a good (gas) in exchange for what you sold. You are supposed to report the value of that good on your income I think - so they can tax you.
 
yes, but most of the time they gone unreported. Very difficult to enforce on taxes and at the time the taxes on gasoline is already paid for.
Konijnen said:
Sounds more like bartering then credit. You got a good (gas) in exchange for what you sold. You are supposed to report the value of that good on your income I think - so they can tax you.
Click to expand...
 
Most instances, I'd prefer $cash$...but, if they have something of value....even gas...that interests me, why not?...You're not breaking the law.
 
I just had some work done on my car and I was going to pay in cash but did not enough for the whole bill so I gave the mechanic some money and was going to pay the rest with a check and the mechanic said he rather have the cash and told me to bring the rest of the $$ in later in the week. It was only $20.00 but the guy wanted cash . I been doing business with the guy for 30 years off and on so he knew I was good for the $$. I know people love it when I pay in cash, it less work for them and they don't have to worry if the check will bounce on them. So I will have to go with cash.
 
I'm reasonable when it comes to transactions. I have arranged to accept a huge favor (not specified, but if I need assistance and he's got the skill or resource) in exchange for a loan he will have difficulty repaying.
 
Many people in business want cash,i often been asked for the cash not cheque,they no pay tax don't declare it on the account books
 
I once had a friend who demanded that I transfer what I owed him to a bank account he had, but naturally I refused, and anyways, he's in prison now.


Mark

Sent from my Asus Memo Pad using AllDeaf Mobile App
 
Hey, if I needed $50.00 in gas, sure why not!? I mean... if it took $50.00 to fill my car I'd be sad... but if I had a bigger car and I did, sure why not! I'm still getting my moneys worth and I'd have to fill it up at some point. :P
 
dereksbicycles said:
Let's say that I would like to buy something from you. You are asking $50 for it. Would you be ok with taking credit for your payment? Here is an example: I decide to take my bike with me to gas station to meet a customer. The customer doesn't have $50. I decide to let customer use his credit card to fill up $50 worth of gas in my vehicle. Either way, I get my $50. Now, my question is whether you would take a credit for your payment? Did you ever do anything like that for a customer?
Click to expand...

https://www.paypal.com/webapps/mpp/credit-card-reader

If you don't mind about 2.7% each transaction. You should have one since you are business with bike and not everyone like to carry $100 or more cash in their pocket.
 
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