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.

seanheis110-25-2024 4:38am

testpilot Details Discussions Posts This discussion Message User 930 posts 10-25-2024 at 01:00pm Copy Comment URL Report Comment Edit Delete Some sellers don"t trust PayPal's buyer's protection policy where they always (reportedly) side with the buyer regardless of circumstances. PayPal's "Friends and Family" does not afford the buyer with any protection.
abnerjack Details Discussions Posts This discussion Message User 205 posts 10-25-2024 at 02:47pm Copy Comment URL Report Comment Edit Delete Many are afraid of the IRS 1099 reporting requirements.
lak Details Discussions Posts This discussion Message User 4,625 posts 10-25-2024 at 03:35pm Copy Comment URL Report Comment Edit Delete Many buyers and/or sellers don't want to pay the additional cost involved with a regular PayPal transaction.
dayglow Details Discussions Posts This discussion Message User 1,893 posts 10-25-2024 at 04:36pm Copy Comment URL Report Comment Edit Delete @cleeds +1
sls883 Details Discussions Posts This discussion Message User 311 posts 10-25-2024 at 05:53pm Copy Comment URL Report Comment Edit Delete I've done about six deals on U.S. Audiomart. All but one was F&F. The one that wasn't was a dealer listing. I would never do F&F unless a seller had excellent feedback or if the dollar amount was small. A few sellers were willing to do standard PayPal goods and services if I paid the 3% PayPal fee. I see the same thing on Gunbroker. Many sellers add 3% if you pay with a credit card.