Many buyers and/or sellers don't want to pay the additional cost involved with a regular PayPal transaction.
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.
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- 28 posts total
@cleeds +1 |
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. |
My last listing a few weeks ago on Audiomart was F&F at the request of the buyer. Honestly, I didn't see a downside for me (Seller). I'm not a dealer and things I sell are always at a huge loss so I wouldn't get taxed anyway. It's just more paperwork for me on my side when I file my taxes. If I was the buyer this would be a very different situation for me. I would have to really know and trust someone to do that. |
- 28 posts total