I've been burned, once paying with F&F. So now I offer to pay the fee, I add 3.5% to the total, and go with Goods and Services if the seller agrees. Selling used items seldom makes a profit, so no income... What I don't understand is how sales tax can be added to a transaction between two individuals. Anyone who can explain?
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.