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

lalitk

I am curious, all those opposing F&F option, would you be willing to pay PayPal fee?

Probably, although the preference for F&F would be a red flag for me. But I may not be typical because I don't often buy used equipment.

Due to the amount of internet thievery, I will never purchase any item under the F&F option.  I see F&F and I immediately mistrust the transaction and/or the dealer.

I use F&F with sellers that I have had 1 or 2 successful regular transactions.

As for selling and the 1099 the obvious problem is proving what you paid for the item. New stuff I might have a receipt but who keeps that stuff beyond the normal non-business record keeping requirements? I keep 7 years just in case the IRS tries to claim fraud in my return. No records of what I bought on eBay beyond what eBay allows me to see.

The bigger issue in all of this, is that, the scumbag (D) party. made the IRS and Tax changes.  Remember when internet purchases were reporting/tax free?

Happy Listening!

When I buy using F&F I have a phone conversation with the seller, ask for additional pictures to be texted to my cell, check feedback and research the seller including what they do for a living, their LinkedIn profile etc. I also do not sell to buyers with 0 feedback using G&S due to possibility of fraud and chargebacks. And I do not buy from sellers with 0 feedback. I never had a problem. If I do not trust the sellers I either request to use PayPal G&S or don’t buy from them.
 

I have bought and sold a ton on AG and USAM using F&F without issues.