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

abnerjack Details Discussions Posts This discussion Message User 208 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 4,676 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 1,951 posts 10-25-2024 at 04:36pm Copy Comment URL Report Comment Edit Delete @cleeds +1
sls883 Details Discussions Posts This discussion Message User 511 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.
ozzy Details Discussions Posts This discussion Message User 7,525 posts 10-25-2024 at 06:16pm Copy Comment URL Report Comment Edit Delete As has been mentioned, between the potential IRS involvement and scammers, it is worrisome. ozzy