eBay Adventure - All Hail Instant Payment PayPal

                Resale is not an easy business. I have been doing it for 5 months. I have listed, relisted, negotiated, fought fraudsters, checked ungrateful customers and been surprised by shipping weight more than once at the post office. Throughout it all, I’ve written thank you cards, purchased materials and shipping the same day as payment. All of this toiling and seed planting have reaped me a bountiful harvest: I now qualify for PayPal’s instant payment.

                This blessing ranks right up there like manna from heaven! Liquidity and solvency are important to every business. Instant payments mean that I can transfer the money to my bank. I achieve liquidity because these transfers are cash infusions. Also with cash on hand I stay solvent by paying my bills!

                Shop my eBay store here: http://www.ebay.com/usr/carljenkin_6

Instant liquidity

                This morning I ate breakfast at the Four Seasons using the leftover cash from my hair appointment.  At my waitress’ recommendation, I tried that shrimp and grits. I paid in cash.  Stunned she asked me if I needed a receipt. I told her yes leaving her a cash tip.  Later this afternoon, I ate dinner at Doi Moi where I left my waiter a $5 cash tip.  His response was immediate upon seeing the $5 bill. This reminded me that cash is king especially among service workers.  They don’t get paid the standard minimum wage due to tips but need cash to support their families.  That $5 can be spent as soon as possible for food or medicine or even rent.  In this era of credit, debit and Bitcoin, the public must never forget that service workers still prefer cash.