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.  

seanheis1

Showing 2 responses by steakster

BTW, PayPal protection is worthless!

 

Years ago, I purchased two cables for $900 from a buyer with 100% positive feedback. I never received the cables. Since USPS Priority Mail uses geotracking, the local Postmaster confirmed that the package was time-stamped and delivered to my home. It probably was stolen off my front porch.

Paypal Protection requires that purchases with a value over $750 to have shipping insurance. The buyer wanted to save $3.95 and didn’t get the insurance. Paypal issued a full refund to me within 24 hours of my claim.  The seller lost $900.

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Whenever I sell an item via Paypal F&F, I always include Signature Confirmation Required - as well as shipping insurance. It’s worth $10 to me for peace of mind.

@jafant

The bigger issue in all of this, is that, the scumbag (D) party. made the IRS and Tax changes.

Some people prefer to curse and complain - while having absolutely no idea what they’re talking about.

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South Dakota vs Wayfair - U.S. Supreme Court ruling on the national online sales tax.

5:4 decision. 4 conservative justices + 1 liberal justice voted for the online sales tax.       3 liberal justices + 1 conservative justice voted against the online sales tax.

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- Request for a national online sales tax filed by a Republican state, South Dakota.

- Argued in front of the U.S. Supreme Court during Trump’s administration in 2018.

- Here’s Trump’s tweet in favor of the national sales tax ruling.

Big Supreme Court win on internet sales tax - about time! Big victory for fairness and for our country. Great victory for consumers and retailers.