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How much do you think providers make?

OlderGuy77

Registered Member
Messages: 683
Reviews: 20
Joined
#23
To answer the OPs question, take a service level, determine their cut of the HF, add in the tip. Multiply that number by six and that is what most of them make per day. Multiply that by 21 days per month for 11 months and you have your annual total. Double the number for higher volume. Triple that number for higher service despite lower volume. Done.

TL;DR: 70/140/210 based on level of service. Tip them all well, and be happy with what you receive instead of being a cheapskate that complains about what they make.
Do they get a cut of the hf?

Wouldn’t be surprised if they didn’t
 

xxasn

Registered Member
Messages: 145
Reviews: 14
Joined
#24
HF goes to the boss.

In some situations, the girl will mention HF, even if that's not the business model of where she works at, just to be able to command a higher rate for the service to those unknowing customers.
 

BIGBOB62

Review Contributor
Messages: 1,202
Reviews: 13
Joined
#27
How do they launder money or send it back home? Western Union? Bitcoin?
I was out in Flushing a couple years ago with one provider and she was headed back to China the next week. First we stopped at a bank and she took 60,000 out of a safe deposit box. Then we drove up to the outlets in West point and she bought a bunch of coach bags and wallets to give to relatives.

I didn't know she'd gotten 60k when we were at outlets and I freaked when I found out she had it and just left it in my car when we went shopping.

I gather her plan was to just put it in the coach bags and walk it in, and it worked. She was just Blase' about the whole thing, and she did say she had tons more in the box. She was mostly moving it because she was running out of space.

So thats how she moved her money, but I can't think thats a common approach.
 

이 회장님

Review Contributor
Messages: 5,360
Reviews: 112
Joined
#30
How do they launder money or send it back home? Western Union? Bitcoin?
One very common method is called “Hwan Chee Gee” in Korean (환치기).

For example, if I need to transfer money to Korea and someone in Korea needs to transfer that same amount to America, then we do that exchange through a third party (someone who we both know such as a jewelry store, supermarket or hair salon owner).

I give that money to that third party in America, he then informs the other person in Korea that he has his money. That person in Korea then transfers Korean money worth that amount into my account in Korea (we use the currency exchange on the day of the transfer) or gives that money in cash to my family member to pick up. That person in Korea then informs the third party person who will come and pick up his money which is usually a family member or business partner.

Many Koreans use this method for amounts 100K and above. I’m sure the Chinese have a similar method too.
 

thieftakergeneral

Review Contributor
Messages: 829
Reviews: 23
Joined
#31
One very common method is called “Hwan Chee Gee” in Korean (환치기).

For example, if I need to transfer money to Korea and someone in Korea needs to transfer that same amount to America, then we do that exchange through a third party (someone who we both know such as a jewelry store, supermarket or hair salon owner).

I give that money to that third party in America, he then informs the other person in Korea that he has his money. That person in Korea then transfers Korean money worth that amount into my account in Korea (we use the currency exchange on the day of the transfer) or gives that money in cash to my family member to pick up. That person in Korea then informs the third party person who will come and pick up his money which is usually a family member or business partner.

Many Koreans use this method for amounts 100K and above. I’m sure the Chinese have a similar method too.
Ah, so like a Hawala. Remember reading about them in my AML training.
 

Tico1

Registered Member
Messages: 815
Reviews: 18
Joined
#32
One very common method is called “Hwan Chee Gee” in Korean (환치기).

For example, if I need to transfer money to Korea and someone in Korea needs to transfer that same amount to America, then we do that exchange through a third party (someone who we both know such as a jewelry store, supermarket or hair salon owner).

I give that money to that third party in America, he then informs the other person in Korea that he has his money. That person in Korea then transfers Korean money worth that amount into my account in Korea (we use the currency exchange on the day of the transfer) or gives that money in cash to my family member to pick up. That person in Korea then informs the third party person who will come and pick up his money which is usually a family member or business partner.

Many Koreans use this method for amounts 100K and above. I’m sure the Chinese have a similar method too.
All this involves trust. What happens if that someone takes 100k? I'm assuming there is no legal recourse.
 

OlderGuy77

Registered Member
Messages: 683
Reviews: 20
Joined
#33
All this involves trust. What happens if that someone takes 100k? I'm assuming there is no legal recourse.
Interesting question

I know a guy who owns a 7-11 who sent large amounts back home to finance building apartments in Bangladesh

He used a similar system based on trust and reputation preservation

I’m not sure how an outsider would fare
 

danny127

Review Contributor
Messages: 504
Reviews: 15
Joined
#34
It is usually done for a 5-10% cut of the money, so it's a nice business

It's done with 2 people here and two in another country over a phone line(one is a trusted relative or friend)

The person doing the washing is well known in the community and has done it many times before, Bangladesh or where ever.

Still, for that kind of money, a lot can go wrong
 

Bit

Bit
Messages: 1,361
Reviews: 51
Joined
#38
Do they get a cut of the hf?

Wouldn’t be surprised if they didn’t
It depends on the type of spa. If you're tipping the therapist $100 or more, the HF goes to the MMS. If you're tipping the therapist $20, then they usually get a few dollars from the HF. It is about 25-30%. Because each location's business model varies, I don't factor their cut of the HF into my tip. I recommend tipping based on the service and never being a cheapskate.
 

jjchobby

Registered Member
Messages: 360
Reviews: 30
Joined
#40
Don’t feel the need for any pity on these girls, they’re doing just fine and have far more choice in where/how much/what kind of service to provide than we think. If they want to earn more, they know which places to go to.

If a new girl shows up then leaves after a day or two, take your choice on either 1) poor service vs the shop standards or 2) too little volume for their liking. The girls are savvy and smarter than most of us think, don’t fall for their trickery.
 
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