by Anonymous on February 26th, 2009

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A vendor friend wants to use our credit card machine for his sales. we would give him a check with info in memo section indicating it is his $....we would not report this amt as it is his income ..it would be in our records as stated ..is this proper.

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by Jenniferocious on February 26th, 2009
Aside from all the other legal/tax issue possibilities here...

Don't you have to pay a percentage on those credit card transactions to the credit card companies?

Why would you want to pay the fees for his transactions too?

Let him get his own darn machine.
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A vendor friend wants to use our credit card machine for his sales. we would give him a check with info in memo section indicating it is his $....we would not report this amt as it is his income ..it would be in our records as stated ..is this proper.

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A vendor friend wants to use our credit card machine for his sales. we would give him a check with info in memo section indicating it is his $....we would not report this amt as it is his income ..it would be in our records as stated ..is this proper.

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