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Author Topic: I wish WG's would accept Credit Cards from their regulars  (Read 5460 times)

Offline CoolTiger

In order to acquire a swiping machine, a bank or credit card machine provider go through loads of questions. In addition, SP may be asked to provide their profit and loss accounts, as well as bank statements.

Even if approved, monthly running costs can be high, including paying up to 5% charge if customers use credit cards (as opposed to a flat fee of 50pence for Debit Card use).
   

izettle doesnt appear to need that much

I would love it, saves me taking out tons of cash and carrying it around with me, plus I could get reward points from my punting :P

Seems sensible enough thinking for the future. Perhaps using a 'punting' card, similar to using a punting mobile.
Bit like using a specific card for porno purchases on the net...., so I've heard  ;)

Offline vorian

Seems sensible enough thinking for the future. Perhaps using a 'punting' card, similar to using a punting mobile.
Bit like using a specific card for porno purchases on the net...., so I've heard  ;)

It will happen one day and I'm planning to punt until the day I drop, preferable during  :D :D
Banning reason: Two faced - Slagging off UKP and it's membership using fake account

Offline mattylondon

I would love it, saves me taking out tons of cash and carrying it around with me, plus I could get reward points from my punting :P
Never likely to catch on, in my opinion. For a start, prossies prefer hard cash. I suspect they also distrust punters just as much!  :D Secondly, chip and pin costs a lot of money to set up. Fuck me, most prossies I've punted can barely manage to have credit on their phone or pay their rent, never mind pay, yes PAY upfront £1500 or so, to set it up! That would also entail setting up a business account, which would include revealing their true income and what they do. Plus many take benefits whilst doing this and most don't pay tax. It doesn't look promising!  :wackogirl:

You clearly have a death wish, if you're happy for a prossie to potentially know your financial details, real name and possibly address.

I do think, however, that your idea of a loyalty scheme would is pretty innovative.  :hi:

Offline berksboy

   Dont forget drug dealers only take cash.

Offline Strawberry

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Most guys don't want a papertrail.
Chargebacks (which according to a few agencies who've used them are high, and my experience in another industry also demonstrated the same)
The transaction charge is supposedly much higher than for other businesses (seem to remember an agent telling me it's something like 6 or 7%)
Why pay to set up something which isn't going to be used, incurs transaction charges and has the option to be reversed?

Also what happens when the guy turns up, transaction isn't accepted (anomaly transactions often are questioned/blocked)and you've turned someone else down?

If there was huge demand then would be a consideration but not seen any evidence of this, and as above I've heard that a high proportion are reversed.




Offline CoolTiger

Forgot to add.... some card companies can delay paying the cash over to the WGs. 30 days and 45 days are not unheard of.

Could they wait that long to finally get their cash??

Yes but that also means that punters can get credit to punt without going to wonga

Offline Strawberry

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Online Jimmyredcab

wonder what it would say on your credit card statement?

Sallysucks1 -- Adultwork

Why not ask her for her sort code and account name and number so you could pay the money in there and then using  your IPad? What could possibly go wrong?

I think my time has come.  I am a retired General from the Nigerian Army and have an interesting proposition for all WGs.  If you would kindly send me your bank account details as above, we can come to a profitable little arrangement.  During my military career I was able to squirrel away several thousand trillion dollars and all I need to provide for the comfortable retirement I deserve is to be able to get this money out of this confounded country.  For your most gracious help I would be prepared to offer you a generous percentage of the proceeds.  However I have some administrative costs in setting up this arrangement so if you could each make an initial payment of a mere $250,000 to me I will .....................

Offline Strawberry

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izettle doesnt appear to need that much

Taken from the izettle website 2.2 The User shall not use the Service to receive payment for goods and services that (i) contain tobacco and are acquired through the Internet, (ii) relate to pornography, including sex clubs, escort services, prostitution, magazines, videos or images with pornographic content and sex toys in cases where such products are the only products marketed

Offline Festisio

The Palace mega-brothel in Frankfurt has an ATM inside which charges 8%.  It made taking out €200 a bit painful however that was more than made up for by the ensuing threesome.

Tony Montana

What about something like an Oyster card where you check in at the start and check out when finished, then you only pay for the minutes you have used.

Offline vorian

What about something like an Oyster card where you check in at the start and check out when finished, then you only pay for the minutes you have used.

Now that, is a damn good idea  :thumbsup: :thumbsup:
Banning reason: Two faced - Slagging off UKP and it's membership using fake account

Offline willbred

If I paid on CC, I would be bankrupt within no time at all. I'm married and she keeps a close eye on the joint finances. The only thing that keeps me within bounds is the waiting game of building enough folding up for the next punt.
Banning reason: Multiple accounts (willbred, Diplomat65)

Offline punk

I think my time has come.  I am a retired General from the Nigerian Army and have an interesting proposition for all WGs.  If you would kindly send me your bank account details as above, we can come to a profitable little arrangement.  During my military career I was able to squirrel away several thousand trillion dollars and all I need to provide for the comfortable retirement I deserve is to be able to get this money out of this confounded country.  For your most gracious help I would be prepared to offer you a generous percentage of the proceeds.  However I have some administrative costs in setting up this arrangement so if you could each make an initial payment of a mere $250,000 to me I will .....................

funny enough i just become a nigerian,so if any one needs a go between i'm in, just so that i'm honest my name is goodluck honey.

Offline punk

The Palace mega-brothel in Frankfurt has an ATM inside which charges 8%.  It made taking out €200 a bit painful however that was more than made up for by the ensuing threesome.

what a way to get even more of your cash.

Offline Jerboa

The Palace mega-brothel in Frankfurt has an ATM inside which charges 8%.  It made taking out €200 a bit painful however that was more than made up for by the ensuing threesome.

The robbing gits! 8%, and if you're using a UK card you will be charged foreign handling fee and a currency fee on top!

Cash is king, not only in the punting industry, I don't believe these stories that cash will be obsolete soon, as has been said why would hookers want to show how much they really earn?

I seen some escort agency's, on their web site, there was an option to pay by credit card


Offline mh

In order to acquire a swiping machine, a bank or credit card machine provider go through loads of questions. In addition, SP may be asked to provide their profit and loss accounts, as well as bank statements.

Even if approved, monthly running costs can be high, including paying up to 5% charge if customers use credit cards (as opposed to a flat fee of 50pence for Debit Card use).
 

Both of these are very true. Until you have tried to become a "merchant" to accept cards you have no idea just how difficult it is. I worked with a non-profit organisation last year who were desperate to be able to take credit cards for the goods they were supplying but they could not get approval. Even if the financial requirements are settled then the PCI (Payment Card Industry) tech standards make it very hard to comply without outright lying about your IT knowledge and setup. As a merchant you could get as low as 3% fee for cards (plus some fixed monthly charges) but most organisations who cannot become direct merchants have to use PayPal etc and lose between 5% and 8% of their money for the privilege. Given that they may be making only 15% margin on the goods they are selling that's half their profit in payment processing costs. Debit cards are more reasonable as long as the goods are not very low cost.

The banks have not woken up to the fact that we need a person to person transfer capability to replace cheques, hence the constant deferment of the demise of the cheque.

Offline Daffodil

The robbing gits! 8%, and if you're using a UK card you will be charged foreign handling fee and a currency fee on top!

Cash is king, not only in the punting industry, I don't believe these stories that cash will be obsolete soon, as has been said why would hookers want to show how much they really earn?

And not just hookers


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