PayPal but not friends and family

[kenzinger]

If we all agree that scammers are bad and taking away from the value of this forum, why don't we become more comfortable with buyers and sellers using the protection that various payments processors like PayPal have available? i.e. Not requiring buyers to use friends and family or insisting that buyers pay any and all fees...

I understand that there could be tax implications for large transactions but if we adopted this as a community, then I imagine we would be way less susceptible to scamming.

Thoughts?


Side note: would have put this in the marketplace discussion forum but way fewer people engage there.

[stujelly]

agreed, been scammed here twice, paypal will not assist when sent as friends and family. Totally sucks

[sigchuck]

I've been using PayPal for online transactions for 20 years and have never thought to either pay or ask to be paid via friends and family. If someone is insistent in their ad, I generally just add 3% and send it via goods/services route.

For what it's worth, I was scammed by a buyer that won the paypal case alleging improper shipping on a brand new alternator I sold, then "returned" to me a used (and interestingly enough, poorly packaged) alternator. Point being, it's still not a perfect process when you combine a very disinterested customer service team with a POS scammer/forum member.

[mikedsilva]

I've heard stories of buyers who claimed they never received the item and got a refund from paypal.. who in turn recoup their money from the seller...

I think, if you have a presence on this forum with a decent post count and also findable via google, linkedin, facebook etc.. then you're likely a trustworthy buyer/seller...

When I come across someone with near zero presence, I'm dubious.

[jrblackbox]

You, as the seller will then be sent a 1099 from paypal if you have total sales of over $600.00 for a calendar year as well. Keeping sales as F&F avoids that I believe.

[zztot]

Most people add the 3 % to asking .
Simple though only use FF if you know someone and still a risk due to shipping.
PP pretty much sucks but it’s is a necessary evil.
Had a guy buy a car from me that post said weak 2nd gear synchro. It was my first ever transaction and I asked “ how do you buy sight unseen” . He explained how he files claim for stuff as BS claim and gets $$ back. ….then pulled the same s___ on me.
Had to fight but got all my money.now I use PP connected to AX card as they will fight PP when PP won’t be responsive as well as remove money immediately on receipt plus connect bank account that only has minimal balance.
It s all protection and a PITA but needed with all the baloney.
Car business has always had a Wild West Jesse James syndrome…..Decent people seem able to rationalize misrepresentations as someone “got me”and I just need to get out from under a bad deal. The sight unscene scenario buying of the internet exacerbates the problem and you have to be more cautious….yet not miss the “deal”

[dz-vintage]

Guess I must be a trusting honest person. I send payment as friend family to be sure the seller actually gets the amount of money they were asking. I would call it being a good buyer. But yeah I guess eventually like the saying goes… good guys eventually get burnt

[deemsriddle]

I think that the 500 pound Gorilla is money laundering, tax evasion and wire transfer issues. The government just hired 87K IRS agents, who would use lethal force if "necessary" , with a job to do.

I, personally, would have no problem sending many of you $ on F&F, in another reality. However, we only "know" each other through seeing our names on Pelican and other sites with the accurate "presumption" the other is honest.

To an IRS agent who only sees black and white, a transaction between two individuals who are not personal friends and certainly not family could easily misconstrued as breaking one of the many Federal Offenses in the law books.

I do NOT look good in orange.

[bahman]

If one must use PP as a buyer, the best protection is to pay the 3% fee and send funds as payment for “goods and services”, and pay via a major bank credit card. A seller’s declining to accept this method would be tantamount to a red flag to the buyer.

[Glenn Stazak]

I don't understand why sellers don't just mark up their selling price 3% higher on the item because most transactions are going to be pay pal anyway. if someone is going to pick up the item you can give them a discount?

[gus91326]

I always pay the friends and family fee. Had a guy on here send me a poorly packaged part that was severly damaged in transit. I tried to work with him, he said I was a scammer. Paypal and this community agreed with me after I shared the images of what was sent.

[confused]

Originally Posted by deemsriddle

I think that the 500 pound Gorilla is money laundering, tax evasion and wire transfer issues. The government just hired 87K IRS agents, who would use lethal force if "necessary" , with a job to do.

I, personally, would have no problem sending many of you $ on F&F, in another reality. However, we only "know" each other through seeing our names on Pelican and other sites with the accurate "presumption" the other is honest.

To an IRS agent who only sees black and white, a transaction between two individuals who are not personal friends and certainly not family could easily misconstrued as breaking one of the many Federal Offenses in the law books.

I do NOT look good in orange.

I’m imagining you in a shed cleaning your guns, angry at the government and democrats

[Dwerkz]

Originally Posted by confused

I’m imagining you in a shed cleaning your guns, angry at the government and democrats

Maybe you are confused?

[stownsen914]

Originally Posted by jrblackbox

You, as the seller will then be sent a 1099 from paypal if you have total sales of over $600.00 for a calendar year as well. Keeping sales as F&F avoids that I believe.

^^ This. It's not a big deal for me, but to those who sell more, it can be. You'd have to keep track of profit so you can be taxed on it.

[porschyard]

So I worked my tail off over the past 50+ years and paid income tax on everything I made. Then I took what was left of that money and I paid sales tax on everything I have purchased. Now that I want sell it the current administration wants to tax it as income. In general I don’t have receipts for things I have owned for 50 plus years so it is impossible for me to prove or disprove that I am taking a loss or making a profit.

When I request FF it ABSOLUTELY is not about the measly 3% fees but at least in my case I am tired of being triple dipped and screwed to pay for a corrupt administration and government. To bad the current administration does not think that 87k border patrol agents would be a better investment in the safety and prosperity of the country than 87k armed tax collectors.

Having said all that “I GET IT” the world has changed and the scammers have screwed it up for all of us, Several times I have sent parts to Pelican members without payment, on my shipping dime and told them when your happy and satisfied with the parts then send me the money.

I only do that for people that I trust but trust is a slippery slope, just because I or another Pelican are a trustworthy straight shooter today, tomorrow it might be a different story.

It truly is a damn shame where we have ended up in this day and age, I ran my business for 28 years based on trust. I have let customers walk out the door owing me tens of thousands of dollars because I trusted them just as much as they trusted me and luckily I think I only got screwed 2 times so I feel very lucky to have been in business in an Era where your word meant something because in this day and age it is very hard to trust even honest people and again I GET IT but it does not make it any easier to accept that I am not trusted by some.

Richard

[xbmwguy]

Well said Richard

[Porsche 935]

I was denied a claim by PayPal for a purchase that never arrived because scamer provided fake tracking number. Have never used PayPal since.

[group911@aol.co]

You're really convinced capital gains tax was just created? Honest people have always paid it and if you've been in business 28 years, you've surely kept a set of books. More than likely, it's all long term gains.
"Now that I want sell it the current administration wants to tax it as income."
Regardless, people scamming other people always has and always will be a problem. A deal that seems too good to be true probably is.

Originally Posted by porschyard

So I worked my tail off over the past 50+ years and paid income tax on everything I made. Then I took what was left of that money and I paid sales tax on everything I have purchased. Now that I want sell it the current administration wants to tax it as income. In general I don’t have receipts for things I have owned for 50 plus years so it is impossible for me to prove or disprove that I am taking a loss or making a profit.

When I request FF it ABSOLUTELY is not about the measly 3% fees but at least in my case I am tired of being triple dipped and screwed to pay for a corrupt administration and government. To bad the current administration does not think that 87k border patrol agents would be a better investment in the safety and prosperity of the country than 87k armed tax collectors.

Having said all that “I GET IT” the world has changed and the scammers have screwed it up for all of us, Several times I have sent parts to Pelican members without payment, on my shipping dime and told them when your happy and satisfied with the parts then send me the money.

I only do that for people that I trust but trust is a slippery slope, just because I or another Pelican are a trustworthy straight shooter today, tomorrow it might be a different story.

It truly is a damn shame where we have ended up in this day and age, I ran my business for 28 years based on trust. I have let customers walk out the door owing me tens of thousands of dollars because I trusted them just as much as they trusted me and luckily I think I only got screwed 2 times so I feel very lucky to have been in business in an Era where your word meant something because in this day and age it is very hard to trust even honest people and again I GET IT but it does not make it any easier to accept that I am not trusted by some.

Richard

[Dpmulvan]

Originally Posted by kenzinger

If we all agree that scammers are bad and taking away from the value of this forum, why don't we become more comfortable with buyers and sellers using the protection that various payments processors like PayPal have available? i.e. Not requiring buyers to use friends and family or insisting that buyers pay any and all fees...

I understand that there could be tax implications for large transactions but if we adopted this as a community, then I imagine we would be way less susceptible to scamming.

Thoughts?


Side note: would have put this in the marketplace discussion forum but way fewer people engage there.

Here’s my thought.

[porschyard]

Originally Posted by group911@aol.co

You're really convinced capital gains tax was just created? Honest people have always paid it and if you've been in business 28 years, you've surely kept a set of books. More than likely, it's all long term gains.
"Now that I want sell it the current administration wants to tax it as income."
Regardless, people scamming other people always has and always will be a problem. A deal that seems too good to be true probably is.

Not talking about what the business owned, I closed it in 2020 after Covid and everything associated with business is said and done. I am referring to my own personal property everything from clothes, lawn mowers, tools, guns, cars, and just about anything you can imagine including many auto parts for all different makes of cars and vehicles including Porsche that I was collecting way before I was in business.

And no I don’t think Capitol gains tax is new and not sure why you would ask that ?
What is new is a middle class money grab by the current administration while the whole country circles the toilet.

Thanks
Richard