Delay on pay growing problem?

[RawAlex]

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?

[gonzo]

Originally Posted by RawAlex

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?

Jettis was bought by i365bill . . .