Delay on pay growing problem?

RawAlex · 10-18-2008

I long ago figured out that this is a "cash" business, and the only money you have truly earned is the money you have received. Everything else is pretty much a hard to enforce receivable with no true value. In fact, for purposes of accounting, my online business runs as a "cash" business, meaning I don't carry any receivables because they have no true value.

What I find interesting is that two of the companies I saw this week mentioning payout problems were also two that were using pre-checked cross sales (in various ways). Perhaps they all ended up eating a big chargeback fine, and just don't have the cash flow this week to make it all work out. Who knows?

10-18-2008	#5
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	Re: Delay on pay growing problem? I long ago figured out that this is a "cash" business, and the only money you have truly earned is the money you have received. Everything else is pretty much a hard to enforce receivable with no true value. In fact, for purposes of accounting, my online business runs as a "cash" business, meaning I don't carry any receivables because they have no true value. What I find interesting is that two of the companies I saw this week mentioning payout problems were also two that were using pre-checked cross sales (in various ways). Perhaps they all ended up eating a big chargeback fine, and just don't have the cash flow this week to make it all work out. Who knows? __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds