Why would someone ask for PayPal Friends and Family as the only payment?

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yenniedn said:
Most of the time it's to save from having to pay the 3.5% fee that the recipient would lose to Paypal on each payment for receiving Goods & Services payments. Other times, the seller doesn't want the buyer to have any recourse on the transaction should anything go wrong - which is why scammers and less scrupulous sellers only want to use this option.

That said, I would be weary of anyone insisting on Friends & Family only payment. If the buyer is willing to pay the extra 3.5% on their end for their own peace of mind, the seller should absolutely allow for that. A seller unwilling to do that would raise red flags for me.
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These days, I respectfully call BS! the gov't has ordered paypal to tax form all transactions $600 or more. I don't need their crap, and neither do most other members. Your a good guy, but my pockets are lean.
 
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On people insisting payment via F&F. Everyone is running that angle as per response to the tax crap imposed by the feds. Not everyone is as well off as you seem to be. Now I'm trying to not offend. But your comment can be construed as possibly "insensative". Many are in difficult financial situations. NORMALLY, you are dead on point! But todays climate requires changes.
 
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I wont automatically discount an add with F/F; especially if I've dealt with the person before. PP/Amazon and all these big tech companies are in bed with at least one side of the govt anyway. As with Amazon, I just hold my nose when I use it... but I do use it for the convenience. Same with smart phones. Unless you are dealing in person with cash or trade, there is no privacy. Just the world we live in now, unfortunately.
 
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rangur1 said:
On people insisting payment via F&F. Everyone is running that angle as per response to the tax crap imposed by the feds. Not everyone is as well off as you seem to be. Now I'm trying to not offend. But your comment can be construed as possibly "insensative". Many are in difficult financial situations. NORMALLY, you are dead on point! But todays climate requires changes.
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I still don't know what you're saying...my initial response said nothing about taxes so how is that coming off as insensitive? Are you sure you're replying to the right post/poster?
 
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rangur1 said:
Not sure what is so difficult to understand. Your claiming people insisting on F&F are sending up red flags. I'm saying that's not the case currently because of the economic enviornment.
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Go back and re-read my original post more carefully. I said sellers that insist ONLY on accepting Friends & Family would raise a red flag for me because you can prefer to accept F&F as your first choice but if a buyer is not comfortable sending it that way because they want some protection on their end and are willing to pay the extra 3.5% on their end to have that peace of mind, the seller should allow for that. The net result is the same - you send me $100 by F&F or $103.50 by Goods & Services, the net result is that I would pocket $100.00 either way. So that's not about who's better off than who because the net amount received is exactly the same - but with the $103.50 payment, the buyer has recourse should he/she need it.

So if that's the case, why would a seller insist on ONLY taking F&F payment and not Goods & Services if in the end he'll pocket the same amount? That would be the red flag for me - why wouldn't the seller insist on receiving payment using a method that does not protect the buyer in any way?

I sell a bunch of stuff on the Classifieds and the above is exactly what I do. I prefer F&F but if the buyer wants to do Goods & Services, he/she is welcomed to do so if he/she adds the 3.5%; I receive the same amount either way.

None of that is insensitive unless you didn't do the math or misunderstood what I originally said.

And the $600+ tax implication argument doesn't hold any weight either because if the government is going to withhold tax on payments over $600, they're going to without it regardless of whether you receive it by Friends & Family or Goods & Services, no? So why would the tax implication make any difference?
 
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I've bought stuff from forum sale sections and pass on all that require a FF payment. The thought that the seller is already breaking PP rules doesn't sit right with me and knowing that I have no protection for the sale is just a no go. Add four bucks per $100 if you don't want to pay for the use of PP as your means of the money transfer but to me that is just the price of doing business.
 
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I’m
rangur1 said:
Yenneidn , I was under the impression that only goods and services was hit with tax implications. Guess I'm doubly screwed. Oh joy!
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You will be fine, the Tax on pay pal is only being reported for goods and services. The previous threshold for having to fill out a 1099 form was $20,000. Now the threshold is $600. Any money made over $600 via goods and services will be taxed.
 
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ctshooter said:
Tax evasion nothing - give me a break. It's 100% the reply you replied. We've already paid state and federal income tax on our money that we then used to buy something, which was then taxed again with state sales tax. Now we're going to sell a "used" item and have to pay income tax again on money - it's triple taxation. I view selling on here like selling at a flea market or gun show - cash in hand baby. You got a problem with that then move the hell on from my ad.

I have had ZERO issue selling everything I have posted in the past year with requested PP F&F, and usually within a day or two and sometimes within hours.

And for the other replies regarding piece of mind and seller protection - get real!! You're risking your PP account being shut down if they find you're buying and selling guns using PP. Just take a look through the PP threads over the past year - PP reserves the right to steal $2500 of your money. Try and make a claim and say the used air"gun" I bought was damaged in shipping - good luck.
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Is that true about airguns and using PayPal. ?? ( as prohibited ?)
 
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Heavyopp said:
Any firearms related item may be prohibited by paypal. Thing is they don’t actually define what firearms related means. Could be that accu tac bipod If paypal chooses.
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Doesn’t ambiguity favor the non contracted party ?

That’s to broad to be legal but I’m no lawyer

This sucks man. Land of liberty ….. in our Memories
 
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let's say, I bought a rifle for $1000.... I want to sell it because It didn't really fit my needs after reworking the rifle and doing a "bunch" of labor to it. Sales tax is on the product, not the labor. It turns out I will sell this rifle at a huge loss just to get rid of it. I will sell the rifle for a dollar, but you have to pay me the $999 labor I did to it.

?
 
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pbike257 said:
let's say, I bought a rifle for $1000.... I want to sell it because It didn't really fit my needs after reworking the rifle and doing a "bunch" of labor to it. Sales tax is on the product, not the labor. It turns out I will sell this rifle at a huge loss just to get rid of it. I will sell the rifle for a dollar, but you have to pay me the $999 labor I did to it.

?
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Its not a loophole if its legal.

Sounds right to me
 
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