Buyer Protection without G&S?

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BD_01

BD_01

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So, I’d like to dip back into the Exchange.
it seems sellers willing to accept PP G&S are the distinct minority these days.
I’ve followed most of the threads about PP 1099’s, their anti-knife bs, etc. I don’t want to rehash all of that.

Are there any services other than PP G&S that offer buyer protection?
How does one maximize security with an exchange purchase these days?
 
I think the best you can do nowadays is thoroughly vet the seller. You can try funding payments with a credit card and hope they’ll cover a purchase through PayPal f&f,zelle,venmo etc
 
TOMBSTONE said:
I think the best you can do nowadays is thoroughly vet the seller. You can try funding payments with a credit card and hope they’ll cover a purchase through PayPal f&f,zelle,venmo etc
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A hope and a prayer is all you have. I still prefer PP G&S if I'm buying unless I'm willing to take a chance on losing my money. I'm not willing to risk losing a couple of hundred $ to someone I dont know.
 
Well, your responses are not what I’d hoped to hear.
I know that overall very few transactions end up negatively portrayed here.

I just have a hard time forking over hundreds of dollars based on a picture, without any real monetary recourse.

😞
 
BD_01 said:
Well, your responses are not what I’d hoped to hear.
I know that overall very few transactions end up negatively portrayed here.

I just have a hard time forking over hundreds of dollars based on a picture, without any real monetary recourse.

😞
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I totally agree!
 
Even with vetting sellers there have been a few accounts hacked.

If people quit sending FF then sellers will quit demanding it. Be the change you want to see. :)
 
For decades before PayPal or the internet we used Cash, Check or Money Order and even COD.
No "Buyers protection" with those either.

The reality people do not like using PP FF and Sellers do not like getting charge backs for items delivered.

Deal with only those you can trust.
 
If the rationale for F&F is purely monetary, ask if you may send through G&S then PAY the extra fees yourself.

So you are buying a 4% insurance policy in case things aren't right.
 
SharpByCoop said:
If the rationale for F&F is purely monetary, ask if you may send through G&S then PAY the extra fees yourself.

So you are buying a 4% insurance policy in case things aren't right.
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So far, in my very limited experience, I've been told that regardless of how much I send... if it's sent anyway other than pp ff with no notes, it will be sent back and the next person will be contacted. I did luckily deal with some stand up members with great feedback. I was able to purchase every knife I wanted, so I doubt I ever have seller feedback but it's cloudy out there.
 
SharpByCoop said:
If the rationale for F&F is purely monetary, ask if you may send through G&S then PAY the extra fees yourself.

So you are buying a 4% insurance policy in case things aren't right.
Click to expand...
I don't think it's anything to do with money really. It's that most don't want to have the headache at tax time.

Personally I don't have receipts for items I bought 10 years ago that I would need to prove that I'm not making a profit and shouldn't have to pay taxes on said item again.

I haven't sold a bunch, but I was planning to sell lots of duplicates and knives that never made it into my uses.

The new laws are making it a real pita to even sell something that's just sitting around unused. You sell at a small loss and then get taxed a second time. I haven't found a great answer to the problem.
 
JJ_Colt45 said:
I don't think it's anything to do with money really. It's that most don't want to have the headache at tax time.

Personally I don't have receipts for items I bought 10 years ago that I would need to prove that I'm not making a profit and shouldn't have to pay taxes on said item again.

I haven't sold a bunch, but I was planning to sell lots of duplicates and knives that never made it into my uses.

The new laws are making it a real pita to even sell something that's just sitting around unused. You sell at a small loss and then get taxed a second time. I haven't found a great answer to the problem.
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I don't know if it's a "great answer to the problem", but it seems to me the obvious answer is to price the item accordingly to cover the fees that the government may charge? Sales I've made have always been listed as "G&S", and after some remedial math I figured out the net to me that I wanted, and added 2.9% plus 35 cents or whatever PayPal fees are, and an estimated shipping cost. It seems easy enough to me to add an estimated (or maybe exact) tax you MIGHT be charged and add that to the asking price? Then, the buyer is protected and you aren't stealing PayPal's service.
 
71rockstar said:
I don't know if it's a "great answer to the problem", but it seems to me the obvious answer is to price the item accordingly to cover the fees that the government may charge? Sales I've made have always been listed as "G&S", and after some remedial math I figured out the net to me that I wanted, and added 2.9% plus 35 cents or whatever PayPal fees are, and an estimated shipping cost. It seems easy enough to me to add an estimated (or maybe exact) tax you MIGHT be charged and add that to the asking price? Then, the buyer is protected and you aren't stealing PayPal's service.
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It isn't about the fees etc. at the time of sale. It's about the 1099 that shows up next year for taxes and the headache and hassle added to filing taxes. And if you don't have receipts to prove what you bought the item for so you don't have to pay taxes on something you already paid taxes on and sold at a loss anyway.

I don't condone F&F, but I understand why many are looking for an alternative.
 
While claiming a fair value on a knife you sold(no reciept) could be contested, using PP FF to avoid filing/paying tax is tax fraud. Chances are neither will be a problem, but I would rather face the former. There isn't much you can do about the past, but if you use G&S for both purchases and sales you will have your records. Other than cash, whatever you use is leaving a trail. PP FF is not going to be reported today, but they could fill that loophole at any time, and you are back to the sane problem. Best hope is that they change or drop the law.
For now you must decide if the tax situation is worth possible loss of all your money on the purchase. This has been a great gift to the scammers and those with weak morals
 
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You guys can keep crying “fraud” all day long, but we all go over the speed limit.. many of us roll through stop signs with no one around, and many of us cross the street outside of the crosswalks. You want to pay taxes? Go write a big fat check and take it to the IRS. It‘s getting annoying hearing people cry about “fraud”. Go report us all if it bothers you that much but stop trying to guilt-trip grown adults that are perfectly capable of making their own decisions.
 
King of the Cheese said:
You guys can keep crying “fraud” all day long, but we all go over the speed limit.. many of us roll through stop signs with no one around, and many of us cross the street outside of the crosswalks. You want to pay taxes? Go write a big fat check and take it to the IRS. It‘s getting annoying hearing people cry about “fraud”. Go report us all if it bothers you that much but stop trying to guilt-trip grown adults that are perfectly capable of making their own decisions.
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It is what it is, even if you are willing to bend the rules and it doesn't turn out to be a problem.It is one thing to choose to break a rule, but another to be ignorant of the rule existing.
Even without a 1099-k form, you are suppose to pay taxes on profits. That is the rule, though in some cases you can get away with not paying. I fully agree with those reluctant to pay on lossses, but that gets back to the original problem. How to do it without creating a bigger problem.
 
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JJ_Colt45 said:
I don't think it's anything to do with money really. It's that most don't want to have the headache at tax time.

Personally I don't have receipts for items I bought 10 years ago that I would need to prove that I'm not making a profit and shouldn't have to pay taxes on said item again.

I haven't sold a bunch, but I was planning to sell lots of duplicates and knives that never made it into my uses.

The new laws are making it a real pita to even sell something that's just sitting around unused. You sell at a small loss and then get taxed a second time. I haven't found a great answer to the problem.
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This sounds rational.
 
Peter Hartwig said:
It is what it is, even if you are willing to bend the rules and it doesn't turn out to be a problem.
Even without a 1099-k form, you are suppose to pay taxes on profits. That is the rule, though in some cases you can get away with not paying. I fully agree with those reluctant to pay on lossses, but that gets back to the original problem. How to do it without creating a bigger problem.
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I have no problem paying taxes, honestly, for an honest government to represent me.

I Don't like a company pushing Their woke values on me, cancelling me, locking My funds, preventing me from donating to the charity of My choosing.....F Them!

People or organizations who push values have None! Plain and Simple.....get woke, go Broke.

I ask for MO. For my services.
Don't trust Me, that's fine...... ALL of us are only as good as our Word.

I wish you All a good day.
Thanks.


*Edit.
Just so we are All clear.... ?
It's Not about the money.
 
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