Cash only service providers

[Double_Adapter]

Cash transactions have declined from 70% down to 12% over the last decade or so. This is pushing society towards a cashless and potentially big brother model.

Will this trend eventually see the end of cash only service providers? Will it deter blokes that only pay with cash? Will it stop WLs from visiting our shores...any thoughts or opinions?

https://www.rba.gov.au/publications/bulletin/2023/jun/cash-use-and-attitudes-in-australia.html

[ScotPassingThrough]

Cash transactions have declined from 70% down to 12% over the last decade or so. This is pushing society towards a cashless and potentially big brother model.

Will this trend eventually see the end of cash only service providers? Will it deter blokes that only pay with cash? Will it stop WLs from visiting our shores...any thoughts or opinions?

https://www.rba.gov.au/publications/bulletin/2023/jun/cash-use-and-attitudes-in-australia.html

I’ve been in Aus for around 18 months total now and quite literally the only thing I’ve ever taken out cash for is punting. I think it will be one of the last holdouts, if not the last, both on the punter (privacy) side and shop (tax) side

[Sibon]

I think you can trade your massage service with HJ from MLs.

It's a Win Win transaction.

[aussiegaigin]

If you trust the Labor Party:
https://www.smh.com.au/politics/federal/cash-to-stay-chalmers-vows-to-keep-the-notes-flowing-20231215-p5erq1.html

[frisson]

Bro, you could ask the same question about tradesmen

The day tradesmen stop asking for cash payments, would be the day this country is completely submerged in volcano lava. In other words, never ever

[schloong]

I read somewhere some time ago that Sweden had gone about 90-95% cashless. They were about to go full monty & ban cash altoether. They then had an election & change in Government and the new mob running the show managed to get in as they campaigning on a "retain cash" policy.

I guess there's some hope for us yet...

[GoldfishMan]

Yes, this is a real problem. Thanks DA for bringing this up!

The problem is so bad now it's even affecting the grocery chains. Woolies recently lowered their cash out limit from $500 to $200 because too many people were using them like they were a bank to get cash.

Maybe "cash" would start to become some sort of contraband, hard to find and will cost you money to get. Imagine the only ways you can get cash out of an ATM is to pay $5 per withdrawal. If the Gov "bans" it but there's still a big demand for it, surely that's the only outcome?

Looking at it from a punting POV, I think we'll end up seeing most of the bigger shops have in-house ATMs installed and these will be our last ditch option to get cash. And the harder it is for us to get cash outside, the higher they can charge from those ATMs. It's an easy passive income stream for the shop.

[someguy88]

I wonder how small shops are doing, not only rents are going up, customers not accepting of price increases and now with a greater move to eftpos, they'll be paying more tax, I guess rightly so but could have some bigger flow on effects.


Also don't forget with cashless the banks are getting a 1 to 2% cut of each transaction, essentially a 10th of gst.

[GoldfishMan]

I wonder how small shops are doing, not only rents are going up, customers not accepting of price increases and now with a greater move to eftpos, they'll be paying more tax, I guess rightly so but could have some bigger flow on effects.


Also don't forget with cashless the banks are getting a 1 to 2% cut of each transaction, essentially a 10th of gst.

If this industry was forced to go cashless, punting prices would definitely go up. There is no doubt in my mind about this.

You're right, it will make the shop owners have to pay tax. This reduces their net income from the business, but it wouldn't reduce the liabilities that they probably signed up for when they had the higher income. Eg. Big mortgages, big loans for whatever. Or who knows what else they really wanted or needed that relied on the higher income. So you can bet that they will increase the rate they charge to cover for the tax, so they can maintain the same level of net income.

[xapoya]

If this industry was forced to go cashless, punting prices would definitely go up. There is no doubt in my mind about this.

You're right, it will make the shop owners have to pay tax. This reduces their net income from the business, but it wouldn't reduce the liabilities that they probably signed up for when they had the higher income. Eg. Big mortgages, big loans for whatever. Or who knows what else they really wanted or needed that relied on the higher income. So you can bet that they will increase the rate they charge to cover for the tax, so they can maintain the same level of net income.

I was in a rush to my booking at 108 Mirage and forgot to cash out. I messaged the papasan on WeChat and he says no problem they have an EFTPOS machine. When I got there I saw the surcharge sign and got a surprise - 10%! But the papasan told me he's gonna give me a 5% surcharge discount because it was almost closing time when I booked. Yeah it's definitely going to be expensive if we go cashless, shops have to pay tax, girls want more pay as they also have to pay GST + BAS and card surcharge on top of that.

[Double_Adapter]

I read somewhere some time ago that Sweden had gone about 90-95% cashless. They were about to go full monty & ban cash altoether. They then had an election & change in Government and the new mob running the show managed to get in as they campaigning on a "retain cash" policy.

I guess there's some hope for us yet...

Interesting, though the decline here is a more organic one fast tracked by Covid, greedy banks, technology, generational preferences (eg Gen Y, Z, A prefer digital transactions) etc etc
If the trend continues Oz will hit 90%-95% cashless in just a few years.

[frisson]

F_ck all that. If a brothel or massage shop wants my etpos card and details, I'm leaving

Cash will always be king in the sex industry. How will you guys go when you want your clothed HJ and the lady asks you for cash only?

Not taking about challenges withdrawing cash from banks that want to betray their social contract with society and close 90% of branches and ATMs

Btw a woman has to pay me if she wants to subject me to a clothed hj. Talk about payment for so little work

[CarpetJam]

Cash will eventually disappear and we will all accept it

[Sibon]

I found the toilet of a shop was so stinking with piss as some punters needed help with pissing into the toilet bowl more accurately.

I offered to clean it up and Mamasan asked one of the girl to give me a 30 minutes HJ.

Next time I will clean up the rooms for a 30 minutes of FS.

I think the world tends to go back to barter and punters should think of what service they can provide the mamasan or the WLs e.g. cleaning the car, painting the shop's wall, giving the WLs English lessons etc.

[GoldfishMan]

F_ck all that. If a brothel or massage shop wants my etpos card and details, I'm leaving

Cash will always be king in the sex industry. How will you guys go when you want your clothed HJ and the lady asks you for cash only?

Not taking about challenges withdrawing cash from banks that want to betray their social contract with society and close 90% of branches and ATMs

Btw a woman has to pay me if she wants to subject me to a clothed hj. Talk about payment for so little work

No comment on the other points, but you are absolutely right about the banks betraying their social contracts to society. It's all greed driven. By closing branches, they hugely cut the costs of running a bank. All of this being done just to keep on fuelling the endlessly increasing profits demanded by shareholders, and ultimately to ensure that the executives in those banks get their bonuses and pay rises.

On a side note, one way that could be used to not leave a paper trail when making a payment is crypto. Maybe we'll start seeing shops accepting payments with fast transfer cryptos like Solana in the future, lol...

[frisson]

It's all greed driven. By closing branches, they hugely cut the costs of running a bank. All of this being done just to keep on fuelling the endlessly increasing profits demanded by shareholders, and ultimately to ensure that the executives in those banks get their bonuses and pay rises

That my friend, is the core problem with capitalism

Profit motive leasing to executive s making soulless decisions

One politician recently has been arguing for a new government bank to be re-established !

[GoldfishMan]

That my friend, is the core problem with capitalism

Profit motive leasing to executive s making soulless decisions

One politician recently has been arguing for a new government bank to be re-established !

He's got the point. Sectors that are crucial to society should not be thrown to the wolves of capitalism, it'll be torn apart and eaten up by greed. Society will suffer as a result.

[frisson]

He's got the point. Sectors that are crucial to society should not be thrown to the wolves of capitalism, it'll be torn apart and eaten up by greed. Society will suffer as a result.
100%
We sold off highways, electricity, banks, insurance companies and telecommunications (Telstra).

Now we and all our following generations can have our bank accounts raped for all eternity. Tolls and electricity prices will always be unreasonable now

[aussiegaigin]

I was in a rush to my booking at 108 Mirage and forgot to cash out. I messaged the papasan on WeChat and he says no problem they have an EFTPOS machine. When I got there I saw the surcharge sign and got a surprise - 10%! But the papasan told me he's gonna give me a 5% surcharge discount because it was almost closing time when I booked. Yeah it's definitely going to be expensive if we go cashless, shops have to pay tax, girls want more pay as they also have to pay GST + BAS and card surcharge on top of that.

Surcharges like that are pretty much illegal:
Businesses can charge a surcharge for paying by card, but the surcharge must not be more than what it costs the business to use that payment type.
If a business charges a payment surcharge, it must be able to prove the costs it is based on.
If there is no way for a consumer to pay without paying a surcharge, the business must include the surcharge in the displayed price.


Perhaps a threat to report the business might cause them to reconsider.

[CarpetJam]

Its nothing to do with branches closing with the declining use of cash. There are multiple businesses looking to reduce their cash usage which has led to all of this

[xapoya]

Surcharges like that are pretty much illegal:
Businesses can charge a surcharge for paying by card, but the surcharge must not be more than what it costs the business to use that payment type.
If a business charges a payment surcharge, it must be able to prove the costs it is based on.
If there is no way for a consumer to pay without paying a surcharge, the business must include the surcharge in the displayed price.


Perhaps a threat to report the business might cause them to reconsider.

Who to report to? ACCC? Fair Trading?

No one is going to start an inquest into the sex industry's price gouging. Otherwise the Scarlet Blue sex workers and the high end brothels would've been grilled by the Senate. Then the white girls would have to charge same rates as the Asians, and that will then turn the sex industry into something similar to Uber and food delivery drivers - it'll turn the job into an undesirable gig that only desperate people would go into.

[Double_Adapter]

100%
We sold off highways, electricity, banks, insurance companies and telecommunications (Telstra).

Now we and all our following generations can have our bank accounts raped for all eternity. Tolls and electricity prices will always be unreasonable now

It's a doubled edge sword, when it comes to efficiently operating/running the aforementioned services governments suck and they know it (due to their large beaurecratic monolithic structures) so their solution is to privatise the industry and offload the problem elsewhere. But greed is at the core of private entities so ergo, the problem we have today.

[curiousasian]

Things like Beem or Payid be a way. Private escorts loved that form of payment

[xapoya]

Things like Beem or Payid be a way. Private escorts loved that form of payment

I've had milfs in massage shop giving me their BSB and ACC num whenever I don't have extra cash for part 3. No surcharge but I'm not sure if banks will flag it - having $150 transactions coming into your personal account 7-8 times daily can look dodgy.

[frisson]

I've had milfs in massage shop giving me their BSB and ACC num whenever I don't have extra cash for part 3. No surcharge but I'm not sure if banks will flag it - having $150 transactions coming into your personal account 7-8 times daily can look dodgy.
Paying this way reveals her full name and yours. Really dumb way to do business in the sex industry

WL need to protect their privacy and safety, punters also need to protect their privacy

[dk1800]

Cash will always be around. Will it be harder? Yes. But they cant get rid of it.
As for the banks, business are having to take less cash due to the banks asking 1 million questions when one tries to deposit or withdraw cash.
Fancy the banks trying to be the world police, when they were the ones that allowed money laundering to thrive for their own greedy benefit.
Mind you, if anyone wanted to get a ruling on this subject, i can't see how banks can legally ask you where you got $200 cash from or what you are going to use it for.
If anyone one of you walk into a branch, withdraw cash and they ask what you are using it for? Reply, "I'm going to a brothel to fuck all night." Watch the expression on the tellers face. :)

[frisson]

A duplicate post

[frisson]

That's a fair point. We need a government bank again

[Will_1_am]

Ban cash? Okay, as long as card surcharges are also banned.

[woodland]

when cash is banned, we will use bitcoin for punting.

[bummer]

Paying this way reveals her full name and yours. Really dumb way to do business in the sex industry

WL need to protect their privacy and safety, punters also need to protect their privacy

punter need the protection...

Unfortunately you can't even get a cash debit card without ID nowadays....

[spir55]

It is the majority owners of the big four banks that are pushing the cashless system. The RBA is a private company and the dumb ass treasure in canberra is giving all powers to the RBA governor. This is big brother stuff. It time of everyone to stop watch MSM and watch independent news online. From what i remember, australia is declining from a free market economy to a government controlled economy receiving instruction of foreign organisations. you voted in the dump asses in parliament that are screwing your life. polies are getting a cheap punt.

[begov94]

It is the majority owners of the big four banks that are pushing the cashless system. The RBA is a private company and the dumb ass treasure in canberra is giving all powers to the RBA governor. This is big brother stuff. It time of everyone to stop watch MSM and watch independent news online. From what i remember, australia is declining from a free market economy to a government controlled economy receiving instruction of foreign organisations. you voted in the dump asses in parliament that are screwing your life. polies are getting a cheap punt.

The RBA is basically the Australian version of the Federal Reserves in the USA. It's not exactly privatised but separated from government as a measure of keeping monetary policies in check.

The Monetary Authority of Singapore is apparently the best counterpart of the RBA in Asia, possibly the world. The only reason why the SGD beats the AUD in the Asia Pacific region. If anything I would say it's the work culture and ethics of Australians that are slowly disrupting it's own economy. There's much Australia can learn from Singaporean work culture and ethics if they want to be an economic powerhouse of the region.

[paranoidpunter]

Time to invest in Escort Coin.

[andrewv]

I've had milfs in massage shop giving me their BSB and ACC num whenever I don't have extra cash for part 3. No surcharge but I'm not sure if banks will flag it - having $150 transactions coming into your personal account 7-8 times daily can look dodgy.

A bit of warning based on first-hand experience: Banks have become very fussy in the last 12 months, and sooner or later they will ask you about the purpose of any transactions, including ones of less than $100). It is very common now if you go to a branch to withdraw cash to be asked by the teller, "Why are you withdrawing this amount and what do you plan to do with it?"
Yes, folks, they ask about what you want to do with your own money in our own account.

At other times, you might get a text message to call a bank employee who will ask you what specific transactions were for. Something like this, "You have made an electronic transfer on (date) for $89. What was this payment for?"

Naturally, they know the receiving bank accounts and if a WL/ML has an account with lots of small amounts coming into it (say, 2 ot 3 amounts of $100 each) weekly, the banks will ask both sides.

Then you may discover that the big-4 banks have been "debanking" (their expression) clients without giving any reason. You would get a registered mail letter giving you 2 or 3 weeks notice to close your accounts, even when you have a perfect record of banking for many years, and top-notch credit history.

Moral of the story. Keep cash at hand whenever you can. Avoid or reduce any credit card or bank transfer of monies related to bunting activities.

Read an example: https://www.smartcompany.com.au/finance/aussie-banks-refuse-debanking-explanation/

"According to the Australian Small Business and Family Enterprise Ombudsman, such businesses include cryptocurrency traders, brothels, individual sex workers and sex shops, tattoo parlours and precious metal traders. Cases have also been reported among firearms dealers, vaping retailers, mining companies and the agriculture and farming sector.

A typical example was high-profile Sydney escort Samantha X who last year reported her long-standing account with ING had been shut down. When she asked for an explanation, she said she was told: “We can’t tell you why sorry, it is a business decision.”"

[begov94]

"According to the Australian Small Business and Family Enterprise Ombudsman, such businesses include cryptocurrency traders, brothels, individual sex workers and sex shops, tattoo parlours and precious metal traders. Cases have also been reported among firearms dealers, vaping retailers, mining companies and the agriculture and farming sector.

A typical example was high-profile Sydney escort Samantha X who last year reported her long-standing account with ING had been shut down. When she asked for an explanation, she said she was told: “We can’t tell you why sorry, it is a business decision.”"

Back then I drew a loan of $20k for precious metal trading from ANZ. The broker rang me up to reconfirm and there was a 5-8 minutes hold before he approved of my loan, but only because I had really good credit score from a previous personal loan drawdown. I'd imagine it'll be harder for me to do that in recent times. Since COVID I stopped day trading and only traded occasionally.

That "decision" must've come from state police trying to stop any suspected money laundering. I remember once reading a sex blog written by a private escort in Brisbane years ago, and she wrote about a client who was seeking to do doubles overnight while strapped with a briefcase full of cash. She even described the client as potentially some sort of gang member as he was finding ways to get rid of a briefcase full of cash. Sometimes these people shoot themselves in the foot by detailing unnecessary stories of their lives.

Would've make sense for police to give out such directives to banks, and these bankers would rather close down accounts instead of having to flag down possible money laundering, because if there's a certain number of failures to flag suspicious cases they can have their banking licences suspended temporarily or shamed on the news.

[Athena]

Gov will always find ways to watch

[Double_Adapter]

Man robs bank to withdraw his own money, hopefully we'll never have to resort to these extremes

https://www.vice.com/en/article/5dg59n/lebanon-man-robs-bank-to-withdraw-his-own-money

[Kiki kong]

I just find it easier to withdraw a larger sum from the bank or ATM. Each tap you make when paying for goods do add up from all the surcharges.

You don't have to use all the cash at once and use as you need. Keep some at home, and replenish the wallet as you need.

Yes, that's right banks to ask you how you will be using the money being withdrawn. They're saying a lot of scams are going around and banks are just being careful to help possible victims. I call BS on that...

It's really for big brother to keep an eye on people. You'd be surprised what data and analytics each bank carries on your cards. It's just a matter of time that the government will weed out cash users and watch their movements and if the cash being pulled out is used for illegal activities.... Boom!! they will come for you.

Main reason for banks and government to reduce cash dispensing is to reduce black market activities. Reduce crime related transactions with cash being the main currency. Essentially groups that evade paying taxes and contraband items and goods.

[ColesBag]

The problem is so bad now it's even affecting the grocery chains. Woolies recently lowered their cash out limit from $500 to $200 because too many people were using them like they were a bank to get cash.

Fair enough. I use them occasionally if there isn't an ATM around or I don't to pay the fucking bullshit ATM withdrawal fees. Also having alot of cash around any business makes them a target for robberies from pathetic junkies. I still use cash as much as possible, just withdraw about 300 dollars for odds & ends for the week then return for punt cash. Works for me & the punting & non punting businesses I transact with appreciate it & tell me so all the time, they hate giving money to banks as well.

[schloong]

I just find it easier to withdraw a larger sum from the bank or ATM. Each tap you make when paying for goods do add up from all the surcharges.

You don't have to use all the cash at once and use as you need. Keep some at home, and replenish the wallet as you need.

Yes, that's right banks to ask you how you will be using the money being withdrawn. They're saying a lot of scams are going around and banks are just being careful to help possible victims. I call BS on that...

It's really for big brother to keep an eye on people. You'd be surprised what data and analytics each bank carries on your cards. It's just a matter of time that the government will weed out cash users and watch their movements and if the cash being pulled out is used for illegal activities.... Boom!! they will come for you.

Main reason for banks and government to reduce cash dispensing is to reduce black market activities. Reduce crime related transactions with cash being the main currency. Essentially groups that evade paying taxes and contraband items and goods.

I'm with you on this one mate as I do much the same.

I try to use cash as much as possible just so that big brother doesn't know everything that I do, plus the convenience of using cash.