Wednesday, January 23, 2019 01:58

Ca-Sheesh

“I have no pride
I have no shame
You gotta make it rain
Make it rain!”…Tom Waits

I run a bunch of side gigs for folks in various aspects of Internet Marketing. One of the people I was working with was late in paying me, and when I made that fact known to them, I was told it would be soon taken care of. Sure enough, an envelope was passed to me by that person. It felt pretty thick, so I was thinking that perhaps they included some paperwork with the payment. Imagine my surprise when I opened it to see it full of mostly small bills (unbundled 20’s…and it was only about half of what I was owed).

My first reaction was absolute incredulity. I would have never expected to be paid this way in a million years. But as I thought about it some more, I became very angry for the following reason:

Cash is irrelevant in the Internet Economy.

Clearly, the concept of money is important because the representation of it is the way we keep track of our business & personal wealth. However, any physical manifestation of currency (aside from checks and other indices of its existence) is not only unnecessary but adds an element of risk into the equation since cash is neither secure nor easily traceable.

The gig I worked was an ecommerce site. When customers go to that site and order something, they likely pay via credit card (or Paypal). That money gets sent into a website’s merchant account. Once fees are taken out by the authorizing bank, the merchant gets the remainder of the money sent into their business account. From that account, merchandise is ordered and expenses are paid…some electronically, some by check, and some by credit card. At this stage, some money will get paid to individuals as compensation for services performed (and it is generally paid either electronically or by check). Most of those people will deposit their money in a personal bank account and only at that point will some of that money be converted to physical currency which will get passed around society to pay for various things. The bulk of the funds kept by the business for operations purposes will never become cash.

As an Internet Marketer, I work hard to further the aims of a cash-free society. When I got paid in a manner inconsistent with my vocation, I took it as an insult to my professionalism. So many options were available (check, cashier’s check, money order, bank wire) to pay me that it was hard for me to fathom how the messiest and most difficult was chosen (since most folks I know don’t have that large number of small bills easily accessible to them).

I returned the money to the person that gave it to me. I told them I was upset about this and that I expected to be paid in a more suitable manner. Surely, they would convert the cash to check and get it to me ASAP?

I’m still waiting…

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