Amazing: Club holds all money over $400
Yesterday I visited my old home club. Usually I webcam, but I had some family staying at my place making it impossible to cam. When I arrived I learned about a new club policy. All charges over $400 on a credit card will be withheld for 30 days. 0_o This isn't just for one of the clubs, it's for every club in town! So basically, If you sell a $400 half hour room, it appears as $480 on credit. Then you don't see that money until the club decides you can have it 30 days later.
Apparently they are doing this because of credit card fraud and disputed charges. It's ultimately up to the club to decide if you get your money.
It's plain fucked up. This is a city where I used to make great money too. I definitely wont be dancing there again until they decide to change their stupid business model. It's not my fault a guy has buyers remorse, or his wife goes ape shit. Anyway... It's not that big of a deal for me. I have other eggs in my basket, and I don't need my home city clubs in order to thrive.
Have any of you ladies heard of this happening anywhere else in the US? Are we the first city to have this bullshit implemented?
Re: Amazing: Club holds all money over $400
No Way ! Get the customer to pull cash or just move to another customer.
Re: Amazing: Club holds all money over $400
Quote:
Originally Posted by
carmen_b
No Way ! Get the customer to pull cash or just move to another customer.
Like I said, I personally am not THAT effected by this. I'm a cam girl first and foremost. I was just visiting this old club.
Getting customers to pull out cash is a headache. The atm only dispenses 200 at a time. 10 dollar fee each time. I would definitely recommend the girls who work in this city to switch clubs... but every club is doing it within 200 miles. Travel dancing is hard many girls.
Just wanted to know if other clubs are doing this in the US.
Re: Amazing: Club holds all money over $400
WTF that sucks - so if you get a ton of cc charges over 400 you basically have to sit and wait 30 days ... a massage place I know used to do that also, but for all CC charges, and it sucked because they were waiting to see if there were charge backs.
Re: Amazing: Club holds all money over $400
They need a better merchant account and cc processor. I worked at a place that made client's thumb print their receipt anything over $500 and also, with people mainly switching to chip cards now this should not be happening. I smell bullshit and think they are having cash flow issues and using this money to "float" them.
Re: Amazing: Club holds all money over $400
My club scans the customer's ID along with their receipt and keeps a record in case of CC chargebacks. I've worked there on and off during a 5 year period and have never heard of them holding money/taking money back from the girls.
How ridiculous. It's the club's responsibility to handle CC issues, not the dancer's. I would stay far away from any club that held onto my money.
Re: Amazing: Club holds all money over $400
Quote:
Originally Posted by
Gia2608
They need a better merchant account and cc processor. I worked at a place that made client's thumb print their receipt anything over $500 and also, with people mainly switching to chip cards now this should not be happening. I smell bullshit and think they are having cash flow issues and using this money to "float" them.
Wow! This place photo copies IDs AND thumb prints.
and STILL upholds the 400 dollar credit card rule.
Bullshit indeed!
Re: Amazing: Club holds all money over $400
Wow I kind of want to know what city you're in so I can avoid it at all costs. I've never heard of this. I had a club give me an IOU once but I got the money in 2 days.
Re: Amazing: Club holds all money over $400
Quote:
Originally Posted by
KaraLynn
Wow I kind of want to know what city you're in so I can avoid it at all costs. I've never heard of this. I had a club give me an IOU once but I got the money in 2 days.
I'll PM ya
Re: Amazing: Club holds all money over $400
I've had small clubs have to do IOU's for a day or two if a customer did a large charge on their credit but the bar didn't make enough cash to pay the full amount.
Most clubs here take the customer's driver's license # and make them sign the receipt (even with the chip). The fact that the client gave the club the chip code, their signature, and their driver's license should be more than enough for any payment processor.
I cannot believe that a club can hold money for that long. They can be shady enough about payment without you stressing for a month about getting your cash. What if you came in cause you needed money for a sudden expense, like a car repair or something, and you sold 4 $400 vips? Well you made the $1600 you needed but you won't see the money any time soon...
Re: Amazing: Club holds all money over $400
I agree with Gia. Sounds like they are floating money because they are short on cash. Unfortunately, other clubs are copying this practice because they can.
This really sucks for local dancers who don't have the flexibility to move to another city.
Maybe the dancers could pool some cash together and hire an accountant to audit the clubs' books/payment records every month. It shouldn't cost too much since only one specific area would be examined; credit card charge backs.
I'm still shaking my head at the gall of these people.
Not to thread jack, but this reminds me of a club who asked all of us to provide them with copies of our tax returns. Their explanation for this was to make sure we were filing our returns.
In actuality, they had gotten in trouble with the IRS and wanted to see what we were reporting. They then issued 1099's even though our money was collected directly from customers and did not pass through them. They were committing fraud by claiming non-existing expenses.
I found this out after I told them no, my returns were my own business and that I would find another place to work. Some of these clubs are really shady.
Re: Amazing: Club holds all money over $400
Quote:
Originally Posted by
seashell
My club scans the customer's ID along with their receipt and keeps a record in case of CC chargebacks.
All the clubs in Canada do this for champagne rooms.
Re: Amazing: Club holds all money over $400
If they don't pay you, they can't TAX you either
Customers with "Sober" Remorse probably want a charge back, Refund, I doubt its any kind of fraud, but I am betting the banks will side with the customer, just once..