FAQ
A cash sale over $10,000 requires Form 8300 within 15 days. Validento Counter fills it in from the customer’s ID check and exports the XML for BSA E-Filing. You review and file.
SSN or ITIN, date of birth, occupation, the ID document: asked for afterwards, when the customer has already left.
Between the sale and the filing, the week goes by. A late or incomplete form carries a penalty.
Two cash payments of $6,000 from the same customer add up to $12,000: Form 8300 applies too.
Copies of the ID in a drawer, unencrypted, for five years.
Name, ID document, amount, item and date come straight from the check at the counter.
After ValiD the customer enters their SSN or ITIN, date of birth, address and occupation on their phone. Encrypted; only you see it.
The dashboard marks the missing fields. Your business details (EIN, address) are saved once.
Download the XML (FinCEN’s 8300X batch format) and upload it to BSA E-Filing, or print the data sheet.
Every sale shows whether the form is pending or filed, with the date and the BSA ID.
The form rests on a checked document and a live face, not on a photocopy.
Any business that receives more than $10,000 in cash in one transaction or related transactions. Cash includes foreign currency and, in some sales, cashier’s checks and money orders of $10,000 or less.
Within 15 days of receiving the cash. By January 31 of the next year, a written statement to the customer.
Online through FinCEN’s BSA E-Filing (required since 2024 for businesses that file 10 or more information returns a year) or on paper.
Keep a copy of every Form 8300 for 5 years.
An indicative summary (October 2026). Not legal or tax advice.
A free ten-minute video demo: a sale, a photo, a QR and the outcome. No commitment.
No. You remain the filer. Counter fills it in, tells you what is missing and gives you the XML or the printed sheet.
A BSA E-Filing account with FinCEN. For batch upload FinCEN gives you a Transmitter Control Code; without it you can file online by copying the data sheet.
Encrypted (AES-256) on your case. It only appears in full in the XML or sheet you download.
No. Counter helps you comply; for questions about your case, ask your advisor.