Watch out - more and more fake bills are circulating in Montreal. This CBC video shows you how to tell the real thing from fakes. Definitely a concern here given this is primarily a cash business.
More fake money is circulating in Montreal
- Thread starter WC3000
- Start date
If I had choice, I would prefer to pay with card than cash.
isn't more easy for the gouvernement to track your income if they decide to audit you?
To avoid going to withdraw cash at the ATM machine of my bank. This represent withdrawals of several hundred dollars on a nearly regular basis. I do not want to fall in paranoia, but on a long term it could be suspicious. Usually I do not need cash, I pay with card. Paying with a credit card, if the provider has a discreet business account, would be easier for me and more discreet. But from the view of the provider, it could be more complicated to manage the income.
It would be more convenient for both parties. It's already my preferred option for larger amounts. The only concern I have is the possibility of chargeback.
For the points/miles!
Joke aside, it's just the hassle to go to the ATM. Sometimes it doesn't have bigger notes. Luckily I am close to one that has.
Otherwise there are few banks on Canada that allows nickname for your interact account if that helps.
I heard too many horror stories with fraudster clients who sent fraudulent e-Transfers, where the providers had their bank account(s) frozen until the end of the investigation.
But also, I thought with any bank, when you only receive an e-transfer, the sender shouldn't see your (real) name but only the name he entered himself? We see the real name of the sender, though.
