PayPal Friends & Family listings. Why is this becoming so common?


I think most sellers now realize they are not going to have a taxable profit. 

The F&F listings at market price don't seem to sell. 

It seems like buyers demand around a 20% discount to take on the added risk of F&F. 

I'm really just curious to hear what buyers & sellers think of this practice.  

seanheis1

One thing I hadn't thought of before: Someone paying via paypal and in a few weeks damaging a product, then claiming item as broken to paypal.

This was reason I was given by a seller when I paid via PP (not F&F) and seller refunded my money as to avoid potential scam.

I've now started asking buyers to use PayPal F&F or bank check, or even personal check (ships when cleared), not just because of the PayPal fees, but also because the new rules compel PayPal to generate a 1099 form, which complicates things enormously where I live. If it were only my federal/state  tax return I had to worry about, it wouldn't be that big an issue because I can document the purchase price if the item compared to the price it sold for (usually half or less of retail). But in my city, they now require us to get a business license and pay tax on the GROSS income amount for any 1099 amount in excess of $600, calling this a home-based business. That's kind of the final straw for me. 

@jafant

The bigger issue in all of this, is that, the scumbag (D) party. made the IRS and Tax changes.

Some people prefer to curse and complain - while having absolutely no idea what they’re talking about.

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South Dakota vs Wayfair - U.S. Supreme Court ruling on the national online sales tax.

5:4 decision. 4 conservative justices + 1 liberal justice voted for the online sales tax.       3 liberal justices + 1 conservative justice voted against the online sales tax.

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- Request for a national online sales tax filed by a Republican state, South Dakota.

- Argued in front of the U.S. Supreme Court during Trump’s administration in 2018.

- Here’s Trump’s tweet in favor of the national sales tax ruling.

Big Supreme Court win on internet sales tax - about time! Big victory for fairness and for our country. Great victory for consumers and retailers.