Why do some Sellers insist on Friends And Family PayPal Payment Mode ?

[Team4LongGun]

how so?

Not sure how or why this is so hard to understand....

We have a very busy classifieds, unfortunately scammers are everywhere. Following up and the back and forth takes a bunch of time for each one. We have regular jobs and families and are volunteers. Add in reports, inappropriate comments, memes, petty arguments and childish behavior, it adds up. Not complaining, answering your question.

When folks pay F&F, there is ZERO recourse. Sending someone money you don't know is not recommended. I realize there is a catch with G&S as well, but it's the lesser of the two. Combined with other efforts that you can do on your own, it's the recommended method.

 

[BRTreedogs]

Not sure how or why this is so hard to understand....

We have a very busy classifieds, unfortunately scammers are everywhere. Following up and the back and forth takes a bunch of time for each one. We have regular jobs and families and are volunteers. Add in reports, inappropriate comments, memes, petty arguments and childish behavior, it adds up. Not complaining, answering your question.

When folks pay F&F, there is ZERO recourse. Sending someone money you don't know is not recommended. I realize there is a catch with G&S as well, but it's the lesser of the two. Combined with other efforts that you can do on your own, it's the recommended method.

There is also ZERO recourse for the seller if the person reports falsely.
They could send bogus info to PP get the money pulled from your account. Then the seller would be out the item and money.

Maybe Rok should just delete the classifieds.

 

[realunlucky]

Maybe Rok should just delete the classifieds.

This has been discussed before, and no doubt will be again.

Sent from my SM-S926U using Tapatalk

 

[BRTreedogs]

This has been discussed before, and no doubt will be again.

Sent from my SM-S926U using Tapatalk

I mean go ahead and delete my account with it.
Since people can’t post unit numbers any more for me to poach info off of Rokslide is only good for the classifieds

 

[CorbLand]

Not sure how or why this is so hard to understand....

We have a very busy classifieds, unfortunately scammers are everywhere. Following up and the back and forth takes a bunch of time for each one. We have regular jobs and families and are volunteers. Add in reports, inappropriate comments, memes, petty arguments and childish behavior, it adds up. Not complaining, answering your question.

When folks pay F&F, there is ZERO recourse. Sending someone money you don't know is not recommended. I realize there is a catch with G&S as well, but it's the lesser of the two. Combined with other efforts that you can do on your own, it's the recommended method.

The baffling thing to me is that people don’t seem to understand that using FF is a risk and you choose to take that risk. I have never been scammed but if I was, no matter what payment method I used, it would be a simple message to a Mod to get the person banned and I would move on. I took the risk, not Rokslide.

 

[fwafwow]

This topic comes up periodically and IMHO it seems there is a wider acknowledgement of the risk of G&S to the seller. I have used both as a seller, and this is from one of my recent WTS posts:

"Prices are shipped via UPS (insured) in CONUS only. Payment by Venmo or PayPal F&F. If you want to use PP G&S, send me a PM. (I'm more likely to accept G&S on the lower priced items, and/or if you have good positive feedback.) I will also accept a USPS money order and will ship after it is deposited."

Bottom line for me - FNG isn't going to pay me with G&S, especially if the posts to date are ornery or otherwise sketchy.

As for feedback, you sometimes have to ask the other party to do it, sometimes more than once.

Finally, for taxes - it's pretty easy to handle the G&S issue via TurboTax. And if you ever do sell something for more than what you paid, using F&F won't make it not income, it will just make it harder (but not impossible) for the IRS to catch you.

 

[Stache Attack]

If not f&f then I believe buyer should pay added 3% for g&s. I’ve done it both ways whatever the seller is willing to do

 

[Stache Attack]

If a person uses Goods and Services when selling an item just to avoid the fees or to shield themselves from the tax guy you are being dishonest, meaning if you screw them you would probably screw me too.
I will pay what you feel you have to have but include the fees, it's the right and only way I will do business with you

If you can prove you sold the item at a loss to the Feds then it is not subject to taxes. According to my accountant. Typically don’t sell over 1,000 in goods so I’m not overly worried personally and all used. Sorry, but my tax obligations and lack of trust in the government has nothing to do how I treat you especially as a fellow rokslider.

 

[BRTreedogs]

If you can prove you sold the item at a loss to the Feds then it is not subject to taxes. According to my accountant. Typically don’t sell over 1,000 in goods so I’m not overly worried personally and all used. Sorry, but my tax obligations and lack of trust in the government has nothing to do how I treat you especially as a fellow rokslider.

How do you track all this.

I mite chance out 20-50 items per season.
For me to have any idea where I even got it would be a blessing. Little loan some kind of paper trail.

Yeah rite

 

[Stache Attack]

I personally just google the item I sold print a copy off internet and record what I sold it for I keep it in my files for say 2024 taxes. I get it’s kinda a pain but some documentation for an audit stands up better than no documentation. Especially if professionally prepared.

Why did you say “yeah rite”?

 

[BRTreedogs]

I personally just google the item I sold print a copy off internet and record what I sold it for I keep it in my files for say 2024 taxes. I get it’s kinda a pain but some documentation for an audit stands up better than no documentation. Especially if professionally prepared.

Why did you say “yeah rite”?

Because I’m not keeping a paper trail on dozens of items it not hundreds.

I’m into atvs, trucks, house, hunting. Travel full time for work.
It would literally be rubber maids full of receipts.

And I’ve been audited a few times. They are not gonna give a crap about what you printed off of some website.
They want proof you bought it down to the cent.
If you can prove you actually purchased it you could be using it to launder money.

Off yeah I bought the binos but no proof I bought them, just a screenshot. But I sold them for this un documented money.

What your doing is setting yourself up for a money laundering investigation.

 

[fwafwow]

Because I’m not keeping a paper trail on dozens of items it not hundreds.

I’m into atvs, trucks, house, hunting. Travel full time for work.
It would literally be rubber maids full of receipts.

And I’ve been audited a few times. They are not gonna give a crap about what you printed off of some website.
They want proof you bought it down to the cent.
If you can prove you actually purchased it you could be using it to launder money.

Off yeah I bought the binos but no proof I bought them, just a screenshot. But I sold them for this un documented money.

What your doing is setting yourself up for a money laundering investigation.

I get the concern about a risk of audit and underreporting or omitting income, but I’ve not heard of the risk of money laundering.

 

[DonC1]

Backpedal

Never, it's not my nature but thanks, you tried.

 

[Snowwolfe]

I do not take PayPal nor pay with it. If it means I lose an opportunity to buy or sell I am perfectly OK with it.
There is ZERO reason for a seller not to accept a personal check and wait till it clears before sending item.

 

[BRTreedogs]

I get the concern about a risk of audit and underreporting or omitting income, but I’ve not heard of the risk of money laundering.

Well unless you can prove you actually bought it. Then you could be making stuff up.
There the government, they always do and expect the worst.
They want to u there power to get people.

 

[fwafwow]

Well unless you can prove you actually bought it. Then you could be making stuff up.
There the government, they always do and expect the worst.
They want to u there power to get people.

I just don’t see money laundering as a risk.

 

[BRTreedogs]

I just don’t see money laundering as a risk.

If you were a government employee trained in identification of such activity and required by duty to report it.

If you can prove you bought it. but your saying x money was from the sale that’s money laundering in a nutshell shell.

Product never existed. You claim you bought it then sold it as a loss. The incoming money is now laundered.

You have to prove you spent it on x

 

[fwafwow]

If you were a government employee trained in identification of such activity and required by duty to report it.

I am not trying to be a jerk (but realize that I sometimes can be) - serious questions.

If you can prove you bought it. but your saying x money was from the sale that’s money laundering in a nutshell shell.

I don’t think so. It’s income. The payment can still be traced via PP and it’s not layering or ill gotten gains, unless someone is selling to a cartel, human trafficker, terrorist etc.

Product never existed. You claim you bought it then sold it as a loss. The incoming money is now laundered.

You have to prove you spent it on x

I think that’s different - at least from what I thought we are discussing - selling stuff on RS. You may fail to prove your basis in the item, but that doesn’t mean the sale is money laundering.

 

[BRTreedogs]

If the government trusted us they would just trust people to report there income. And this whole pp 1099 thing wouldn’t even be a thing.

All I’m saying is you ether have actual proof or you don’t.

 

[Dos Perros]

Thanks for clearing that up. When I first read that it costs 22% or 24%, that's crazy. I guess PP does that for sellers trying to avoid paying taxes to the Government. Does that mean PP sends the extra $$ to US Treasury?

I think they hold it until you give your SSN. Maybe if you hold out long enough they send it there and you have to file taxes to get it refunded.