Re:Why Is Coed Cherry Shutting Down?
by reaperman on Thursday November 09, 2023 @08:48PM
(#38214079)
One way or another the system has to have a way to handle high fraud vendors. It appears the vast majority of porn vendors experience high fraudulent card use as well as high chargebacks. Perhaps the merchant gateways could just charge really high onerous fees instead.
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This isn’t about credit cards but normal banking services. They can’t maintain a company bank account to do things like pay taxes, which is why crypto doesn’t work for them.
Re:Why Is Coed Cherry Shutting Down?
by Scoundreller on Thursday November 09, 2023 @09:15PM
(#38214286)
Taxes (at least US federal) are one of the few things you can pay for in unlimited amounts with cash.
They have a nice page about how to make an appointment (recommended 30-60 days in advance): https://www.irs.gov/payments/what-to-expect-when-you-pay-cas...
Fun fact: One of the most closely guarded pieces of paper in those offices are the tax receipt forms. Because if you can produce a tax receipt it's good as cash for meeting your tax obligations.
"Hi, IRS? I've got a billion dollars worth of 'other, unspecified' income I need to pay taxes on in Cash. My name? Uh...."
If the person on the phone had said “Capone, Al” instead of “Uh…” he’d possibly not gone to jail.
Even ill gotten gains are taxable and the theory of one crime at a time suggests that even “other, unspecified” could be with paying taxes on to reduce the likelyhood of successful criminal persecution.