GoFuckYourself.com - Adult Webmaster Forum - View Single Post - If a check never arrives from a webcam program, $60 fee to reissue fair?

Sunny Day · 02-04-2011, 09:57 PM

It's legal to charge a check replacement fee to cover the stop-pay fee the bank charges.
Very few mainstream companies charge that fee.
Many companies, especially those that have a lot of employees use Positive Pay. Positive Pay is a system where when companies issue checks, they send the bank a list of checks issued, check number and amount. Issuer should know if any checks are still out.
Even mainstream companies have short time limits on time period checks are good.

If you're owed the money, you're legally owed the money until you cash the check. The issuer still owes the money. After 2,3,5 years depending on state law, if you have not cashed the check, the issuer is legally required to give the money to the state along with telling the state who is owed the money and any other owner identifying information, such as a FEIN or SSN, last known address. This process is called ESCHEATMENT, and every state has escheatment laws. Violating these laws can be felonies. Of course we all know how every porn company is totally legit. States do escheatment audits, but mostly to large corporations, but they are hungry for cash so they are looking everywhere. They get to hold the money until the rightful owner claims it (sometimes never).

02-04-2011, 09:57 PM
Sunny Day Confirmed User Industry Role: Join Date: Dec 2010 Posts: 1,406	You're owed the money no matter what It's legal to charge a check replacement fee to cover the stop-pay fee the bank charges. Very few mainstream companies charge that fee. Many companies, especially those that have a lot of employees use Positive Pay. Positive Pay is a system where when companies issue checks, they send the bank a list of checks issued, check number and amount. Issuer should know if any checks are still out. Even mainstream companies have short time limits on time period checks are good. If you're owed the money, you're legally owed the money until you cash the check. The issuer still owes the money. After 2,3,5 years depending on state law, if you have not cashed the check, the issuer is legally required to give the money to the state along with telling the state who is owed the money and any other owner identifying information, such as a FEIN or SSN, last known address. This process is called ESCHEATMENT, and every state has escheatment laws. Violating these laws can be felonies. Of course we all know how every porn company is totally legit. States do escheatment audits, but mostly to large corporations, but they are hungry for cash so they are looking everywhere. They get to hold the money until the rightful owner claims it (sometimes never).