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!
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.
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. |
@lalitk BTW, PayPal protection is worthless! I never relied on them to do right by seller or buyer. Maybe this is true sometimes. I sold an LP on Discogs.com, and the buyer returned a different copy as if it were the one I sold him. I marshalled all the photographic and messaging evidence I could, and PayPal supported me in the dispute. |
jafant19,545 posts 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
Don't you have a riot at the Capitol to go to?
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I should clarify, I see this situation happening when there is NO Paypal Goods & Services option. If you offer a 4% G&S option, that will build trust, and the buyer may decide that saving 4% is worth it. |