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#1
01-04-2007, 02:44 PM
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Check Cashing Buisness
I pay my rent with money orders...and every time I go I am in line for 15 minutes. And there are two right across the street from one another....
Granted it is an urban area, but they charge like 15-17 percent for advancement of 14-30 days. Anyone have any knowledge of this buisness? The long lines, the outrageous fees, and the fact they are like downtown starbucks makes me curious on how they work. 
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#2
01-04-2007, 03:46 PM
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Re: Check Cashing Buisness
There's already a thread on this. Why do you pay rent with money orders? [img]/images/graemlins/confused.gif[/img]
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#3
01-04-2007, 03:48 PM
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Re: Check Cashing Buisness
[ QUOTE ]
There's already a thread on this. Why do you pay rent with money orders? [img]/images/graemlins/confused.gif[/img] [/ QUOTE ] because he gets papercuts from counting crisp one dolla bills seriously though, i think it'd be a sick profitable business, like a pawn shop.
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#4
01-05-2007, 04:29 AM
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Post deleted by Mat Sklansky
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#5
01-05-2007, 01:30 PM
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Re: Check Cashing Buisness
whats wrong with paying rent with a money order? I ask my tenants to either pay me cash or money orders, rather than cheques. That way I dont have to worry about a NSF fee and I can cash my funds instantly.
(yes, i know direct withdrawl is better but not for some lower income housing)
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#6
01-05-2007, 02:40 PM
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Re: Check Cashing Buisness
[ QUOTE ]
whats wrong with paying rent with a money order? I ask my tenants to either pay me cash or money orders, rather than cheques. That way I dont have to worry about a NSF fee and I can cash my funds instantly. (yes, i know direct withdrawl is better but not for some lower income housing) [/ QUOTE ] I can understand it from your side, but if I'm a tenant what's in it for me? Why would I want to go to the trouble?
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#7
01-05-2007, 08:13 PM
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Re: Check Cashing Buisness
The lease agreement probably states that the lessee has to pay with a money order for the exact reason of bounced checks.
Obviously there is nothing in it for the lessee. It is probably a requirement.
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#8
01-07-2007, 12:30 AM
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Re: Check Cashing Buisness
[ QUOTE ]
A) this is a great business model B) if you are paying your rent with money orders you problem have other issues to resolve before going into business for yourself... [/ QUOTE ] I am in buisness for myself...Pwned?
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#9
01-07-2007, 12:31 AM
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Re: Check Cashing Buisness
[ QUOTE ]
There's already a thread on this. Why do you pay rent with money orders? [img]/images/graemlins/confused.gif[/img] [/ QUOTE ] Neteller card
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