Methods of payments

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Maximumbob54

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This is the first forum in a while now I've made a purchase and much has changed in the world. Years ago I offered to make payment to someone with a Postal MO thinking that would be better than offering a stranger a check. I was quickly informed those are apparently some of the most scammed money orders so I was a little embarrassed. I'm hesitant to use Paypay because of their anti status on firearms and knives. I've used Zelle a few times now and I want to prefer that but have no idea of possible scam status.

I apologize if this isn't the right area for this post but wasn't sure where it was most related.

So what is the most recommended form of payment these days?
 
Paypal good and services is the only real option in my opinion. Just leave notes empty and they won't know what the transaction is for.
 
Maroco said:
Paypal good and services is the only real option in my opinion. Just leave notes empty and they won't know what the transaction is for.
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I've seen that suggested here but if you did have a problem then what do you report?
 
Maroco said:
Money orders are definitely one of the most safe options. Just not as efficient. Security comes at a cost I guess
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Yes, it's slower.... It gives everyone a chance to catch their breath, and think about IF they really want it.
Not too easy making impulsive purchases.... Ha.
 
Crag the Brewer said:
Ive not heard of Money Orders being bad, that's what I do and feel it's best.
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I was a bit shocked but the guy insisted any type of government checks are the most scammed. Of course I have no way of validating this but I did drop the offer. Which as I type this out probably made the guy distrust me even more.
 
As a buyer, any online payment other than Paypal G&S (including Paypal F&F) you are asking to get scammed. Just use Paypal G&S and you will be covered if something happens.
 
PP is the most popular, but you can take payment any way you choose. Some forms will get less buyers.
If you take USPS money orders(which I have never had any problem with), you can always take them to the PO to cash(or at least verify) at the same time you are mailing. If you are familiar with USPS money orders, it is not hard to recognize Legit one.
You will find the buyers fear of being scammed by the seller greater than the fear of a bad USPS money order
 
l1ranger said:
none of those offer any protection to the buyer. only paypal goods and services provides any protection.

lots of sellers will work with money orders, but obviously some don't.
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I didn't know that and that sounds like a good enough reason to avoid them. And here I was trying to use Zelle. Figures.
 
US Postal Money orders are not an issue for scams as long as you cash them at the Post office.
They will know if the are fraudulent.
Western Union same thing.
Cash them in their store
 
Yeah, but what about the other way with money orders? You buy a knife with a USPS MO, the seller cashes it, and doesn't ship. Where's the protection in that.

PayPal may be anti knife and gun, but so's the government and I still live here. There's so much worrying about about PPG&S 1099's, but that's easy to deal with on your taxes-- you don't owe anything if you lost money as most all do, and only have to pay on any profit you might make which usually isn't much.
 
ChazzyP said:
Yeah, but what about the other way with money orders? You buy a knife with a USPS MO, the seller cashes it, and doesn't ship. Where's the protection in that.

PayPal may be anti knife and gun, but so's the government and I still live here. There's so much worrying about about PPG&S 1099's, but that's easy to deal with on your taxes-- you don't owe anything if you lost money as most all do, and only have to pay on any profit you might make which usually isn't much.
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Is proof of original price paid required when doing taxes with the 1099?
 
lacampbell2005 said:
Is proof of original price paid required when doing taxes with the 1099?
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Just like most any expense, proof is only required if audited. Bottom line of Sched 1 Additional Income enter "personal property sold at loss 1099K" and put amount in column. Bottom line Sched 1 Adjustments enter same text and amount as you can't claim a loss. That zeroes it out.
 
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Remember, shipping and transaction fees for the sale count toward cost as well.
 
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