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

krelldog Details Discussions Posts This discussion Message User 321 posts 10-25-2024 at 11:10pm Copy Comment URL Report Comment Edit Delete Example to the above... If I buy a used amp that sold new for 5000 and I buy it for 2500. I then eventually sell it for 2000. If I get a 1099 for 2000...how would I prove a loss at any of the above example? I wouldn't have an documentation to support my loss based on second hand sales.
viridian Details Discussions Posts This discussion Message User 5,021 posts 10-25-2024 at 11:10pm Copy Comment URL Report Comment Edit Delete I sincerely doubt that you have been buying and selling here for 35 years. Audiogon was not in existence in the 1980s and started in 1996.
ozzy62 Details Discussions Posts This discussion Message User 3,130 posts 10-25-2024 at 11:16pm Copy Comment URL Report Comment Edit Delete +1 @lalitk @freediver I try to avoid PayPal altogether. My intention is to use Venmo going forward.
krelldog Details Discussions Posts This discussion Message User 321 posts 10-25-2024 at 11:18pm Copy Comment URL Report Comment Edit Delete I was in on the ground floor...okay on AGon 28 years. Your a complete ahole if thats what you got out of my question. And buying and selling locally before that. WTF is wrong with you ?
krelldog Details Discussions Posts This discussion Message User 321 posts 10-25-2024 at 11:19pm Copy Comment URL Report Comment Edit Delete OZZY- Are there daily limits with Venmo ?