Posts by vividranger8

driftinggardener15 said:So, let me get this straight—if I buy something online using this Visa Prepaid Card and then decide I hate it and want a refund, I'm just stuck? Because they'll want to send the money back, but the card won't accept it? Is that really how this works??

I do have a Bank of America account, but it's useless for anything online.😠

It sounds like the easiest—and cheapest—move would just be opening a foreign currency account over at JPMorgan Chase, right?

Actually, it’s not really the card itself that receives payments—it’s more about the account linked to it. Back in the day, you could actually transfer money directly into the account tied to these cards (I mean, I used to do it all the time!), but things changed—probably due to some banking regulations or whatever—and now those direct transfers don't work anymore because the account numbers didn't follow the standard rules for electronic transfers. But hey, don't sweat it! The merchant can just void or "reverse" the specific transaction, and when you check your statement, you'll see it show up as a negative amount, which basically acts like a refund.

So, here’s my little guide on how to start your own business in the United Kingdom

So, I was having this massive headache dealing with the IRS—total nightmare, right? Since I couldn't get anyone to pick up the phone no matter how many times I called their help line, I figured, okay, let's just send an email and see what happens. Fast forward through exactly 28 days of waiting... and what do I get? A response that says: "Sorry for the wait. Please let us know if you’re still having trouble." 😕

Ethan Mitchell4 said:I’m honestly just wondering what happens now that everything—every single registration and cancellation—is being handled online. What becomes of all those workers who used to sit behind the counters at Social Security and Medicare & Medicaid Services?

Are we just going to keep paying them to sit there and count the days, just like before? While we end up doing their jobs for them?

They'll probably just print out those same forms and stack them in folders, I bet.

So, if I'm picking up services from a company that isn't even registered for sales tax back in their home country—you know, they aren't a tax entity over there—does that invoice I just got actually need to show up on my sales tax filings or the reverse charge forms?

Frank Walker2 said:Hi everyone, I have a quick question, and if anyone happens to know the answer, it would be a massive help. I’m still pretty much a novice when it comes to all this card and banking stuff... Basically, I set up a Visa Prepaid Card at Wells Fargo specifically so I could shop on eBay, and so far, it’s been working perfectly. Now, I find myself in a situation where I’m trying to sell something, and someone needs to send me a payment. So, I was wondering: can they actually transfer money directly onto this prepaid card? I assume it's possible, but then there's my second issue. There are two different numbers on the card—one long one above my name and a shorter one below my name. Which one of those is the actual card number I should give to the buyer so they can pay me? :S I really hope I've made sense here. My humble self would be incredibly grateful if someone could point me in the right direction. 😁

Well, you won't find an account number printed on the card itself because, you know, you're actually paying into a bank account that then funnels the funds onto the card—it works a bit differently that way! As for which number to use for the transfer, honestly, your best bet is just to pop into any local branch and ask them. They'll clear that right up for you!

Elizabeth Price2 said:I'd just jump in here and add—technically, owning *any* device that can hop onto the internet (like a PC, a tablet, or even a smartphone, even if it doesn't have an actual FM radio built-in) falls under that whole "receiver" definition, which means you're also on the hook for the subscription.

Honestly, though? Along with all those rules, I think we should all start pulling out our cameras whenever they show up—since a camera isn't technically a "receiver"—to film the collectors. We should take a page out of the British playbook, where people used to totally mess with the BBC collectors. Seriously, once these guys see a camera pointed at them, they usually don't even bother trying to start a conversation!

Here's the link to the instructions (which I'm pretty sure is already pinned in this thread)

But how on earth can my computer be considered a receiver if:

a) It doesn't even have Flash player installed?
b) It's running on a dial-up connection?

So, I guess it's pretty much like how someone can totally stretch the definition of a "program"—well, I can definitely stretch the definition of a "receiver" too!

mistybear10 said:Man, you can't back out now. You signed the paperwork. Now you’re stuck paying off those arrears and dealing with the headache of canceling your local tax registration.

Sent from my iPhone using Reddit

Honestly, what does giving them an ID even have to do with anything? It's not like they asked him to agree to all that!

Nicole Lee6 said:Well, would you look at that. Now that I'm digging through the IRS regulations, I found an example where they suggest using this specific clause:

Not subject to taxation under Section 17, Paragraph 1 of the Sales Tax Law - transfer of tax liability

At the seminar, the instructor told us to just write "Transfer of tax liability under Section 17, Paragraph 1 of the Sales Tax Law," so I've already sent out at least 30 invoices with that exact wording on them.

🙂

Alright, seriously, what are we actually supposed to put on these invoices?! At least in Canada, they issued a definitive list of approved clauses so there wasn't all this constant guesswork. Here, this damn clause seems to change its wording every single week.

Which one are you all actually using?

Wait, can't you just optionally cite Council Directive 2006/112/EC?

Benjamin Palmer80 said:Hopefully this is the last time I have to talk about reverse charge, but only regarding goods. Today—for the hundredth time—I called the IRS to ask for a little clarification on why we use or don't use reverse charge on invoices for the USA, and the agent just politely told me, "Ma'am, I don't know what you're struggling with." Look, you can't transfer tax liability if you have an exemption under Section 41 or 45. If there's an exemption, there's simply no tax to transfer! You only shift the tax obligation to the buyer if you actually have a tax liability to begin with (like with certain services), and even then, for physical goods, it's usually limited to specific three-party transactions. 😕

The headache is that the IRS in other parts of the USA doesn't always play by the same rules—they don't always view these exemptions the exact same way—take the Dutch tax authorities, for example, where they actually demand "reverse charge" to show up on the invoice.

Dennis Scott77 said:I had a similar experience with JPMorgan Chase; the system wouldn't accept either 00 or 99, despite some documentation suggesting that entering 99 bypasses the validation process.
I eventually just settled on 12, though that was purely by accident after I spent some time haphazardly punching in various digits until something finally registered.😁

There really ought to be a comprehensive table somewhere to clarify these parameters.🙂

You can find the table in that link above: if the model field is empty, then not applicable applies and you can put whatever you want, but if the model is 99, just leave the not applicable field blank.

frozenrider36 said:Does anyone happen to know if there's a Bank of America ATM located in San Diego?

Well, looks like Bank of America isn't even allowed to operate here in the States yet.

Lawrence Cruz said:Any authorized user's card works at both ATMs and POS terminals. There’s simply no such thing as a card issued with only one of those functions. If your card didn't go through earlier, it was most likely an issue with the terminal, the connection, or some other random glitch...
By the way, JPMorgan Chase ATMs haven't been dispensing $17 bills for several months now.

Oh, it totally exists—don't even sweat it! They definitely thought of that already... 😁

Ryan Carter52 said:Yeah, I mean, it’s just that on all my cards, that strip keeps peeling off into a hundred tiny little pieces, which is really what I was getting at.

Ugh, yeah, there's honestly just nothing you can do about that. 🙂

Sandra Williams70 said:Can I book a flight in my own name using someone else's Mastercard? The last name and address match perfectly.

And what happens if the card gets stolen? If there's no PIN required, does that mean anyone can just use it without any issues?

So, there’s really no such thing as a card where you "don't need a PIN"—it’s more like the merchant's bank decides whether they want a PIN or if just a signature will cut it for that specific transaction. Usually, with credit cards, a signature is enough, but honestly, that's not a set-in-stone rule.

Gerald Palmer66 said:In the absolute worst-case scenario, you're looking at being liable for maybe $100 max.

Yeah, sure, but—and this is a big but—that's only the liability amount *after* you've actually reported the card as lost!

Jerry Williams41 said:Since my accounting department seems completely clueless, I’m checking here to see if any bankers are lurking who might actually have an answer. So, here it is:

It honestly feels like I’ve hit a brick wall trying to get clear information. I’ve been calling the IRS—well, the equivalent tax authorities—and they charge me almost $2.25 just to sit on hold while the line stays busy, my accountant is stumped, and some lady at the bank hasn't gotten back to me after seven days despite promising she’d check every single time I call... plus, other banks don't seem to know the first thing about accounting regulations.

Look, I am more than willing to pay for actual, useful information from anyone who can help me out.

Here is the situation. I’ve signed a representation agreement in the States for a German company. Most of our sales happen online. Payments come in via credit card, PayPal, or bank transfer. Since direct wire transfers to Germany are prohibitively expensive, the goal is to open a US-based account where customers can pay directly in dollars, and then once a month, I’ll just forward the total to the manufacturer and pay myself my commission. The goods would be shipped by mail straight from Germany, and the customer would receive an invoice in dollars sent directly from the manufacturer/seller.

The Germans don't really care what kind of US account we use; they are fine with me collecting payments on their behalf ("in trust") using my own account (I have an LLC, so any business account should work) and marking those incoming funds as "transfers." That logic holds up for them, but I have no idea how it works under American regulations. The closest solution I’ve stumbled upon is a non-resident account, which is the one that lady at the bank is taking an eternity to investigate. So, the question is, does using a non-resident account satisfy the requirements for the payment structure I described above?

Does anyone have any advice? Feel free to DM me. Like I said, I'm not looking for hand-outs; I am happy to pay for a real solution.

Honestly, though, transferring money into a non-resident account is just as pricey... I think one bank even tried to hit me up with $50!

quietraven15 said:So, I had this overdraft limit set up at JPMorgan Chase, but once my steady income dried up, they just yanked the whole thing away. I headed down to the branch to work out a payment plan for what I owed, and they actually took my debit card right then and there—snip snip with the scissors—telling me they’d issue a new one once I cleared the balance.

Eventually, I pay off every cent, including interest. My checking account is back in the black, so I go in asking for a new card just so I can hit an ATM. Look, I don't have a full-time gig right now, but I pick up some side work through a campus job, and I really don't want to be carrying cash around in my sock or whatever. Plus, if I make a little extra on the side, I want to be able to drop it into my account without hitting some limit on my savings that might mess up my tax refund.

First, they give me the runaround, claiming there's a massive backlog with card processing and telling me I don't even need to file a formal request. They said the card would just show up at my house and that they'd pull about $6.75 from the account for fees,
along with the PIN.

Two months go by—nothing. No card. So I trek back to the bank, and the guy behind the counter looks me dead in the eye and says that since I don't have "steady employment," I'm not eligible for a debit card. Apparently, I still have the checking account, but I'm expected to show up in person with my ID every single time I want to deposit or withdraw anything.

I honestly thought he was pulling my leg or just personally targeting me. I called the free customer service line at JPMorgan Chase, and the lady on the phone confirmed it. It wasn't a joke.

WTF???

I mean, what is the logic here? Maybe they think they're being "preventative" or something, but I seriously don't get it.

WTF???

I guess that’s just how they roll nowadays... honestly, might be time to just jump ship and find a new bank altogether.

Jose Lee5 said:Here’s a bit of a stupid question, but I think I’m in the right place:

I was trying to book some rooms at a hostel, and now they’re asking me to provide my credit card number just to confirm the reservation... hm, let me think. Since I’ve never actually used a credit card for anything online, I’m wondering if there's any chance they could somehow use that number to rob me blind or something (I'm 99.999% sure they won't, but still, you know...)

Also, is that the 16-digit number on the front of the card?
And if all I have is a standard Maestro debit card from Wells Fargo, does that count as a credit card, or do I need to go out and get an actual credit card or something?

Thanks...

yeah (though you probably need the expiration date too, I guess)

Jose Lee5 said:Here’s a bit of a stupid question, but I think I’m in the right place:

I was trying to book some rooms at a hostel, and now they’re asking me to provide my credit card number just to confirm the reservation... hm, let me think. Since I’ve never actually used a credit card for anything online, I’m wondering if there's any chance they could somehow use that number to rob me blind or something (I'm 99.999% sure they won't, but still, you know...)

Also, is that the 16-digit number on the front of the card?
And if all I have is a standard Maestro debit card from Wells Fargo, does that count as a credit card, or do I need to go out and get an actual credit card or something?

Thanks...

yeah (it's 16 digits, give or take)

Jose Lee5 said:Here’s a bit of a stupid question, but I think I’m in the right place:

I was trying to book some rooms at a hostel, and now they’re asking me to provide my credit card number just to confirm the reservation... hm, let me think. Since I’ve never actually used a credit card for anything online, I’m wondering if there's any chance they could somehow use that number to rob me blind or something (I'm 99.999% sure they won't, but still, you know...)

Also, is that the 16-digit number on the front of the card?
And if all I have is a standard Maestro debit card from Wells Fargo, does that count as a credit card, or do I need to go out and get an actual credit card or something?

Thanks...

nope

Kate Foster12 said:That’s incorrect. I was receiving a federal grant. They may have opened the account, but I am the owner—no one else has authorization to use it. 😉

Wait, hold on—an account is opened based on a legal contract between you and the bank, so how would anyone else even be able to open *your* account?