PayPal F&F only ... REALLY???

Status
Not open for further replies.
Net and F&F only in the same ad... I'm guessing he wants the buyer to cover shipping?
A few of the sellers with whom I've communicated claimed to have not been aware of the issues with F&F payments, and stated that they had basically copied their payment terms from other ads. I'm not surprised - when such things are tolerated, they spread... becoming commonplace and, eventually, seeming "normal".
 
Do as suggested earlier and just add the fees or pay the asked amount with G&S if they cancel the sale then so be it! I only pay the asking price about 50% of the time anyways so when I negotiate price then I figure the gs cost into what I’m willing to pay just as seller should fingure inyknwhat they’ll accept.

I belong to a couple gun forums and use personal checks all the time, that’s my preferred method to pay for as much stuff as possible but I know them and we’ve met many times for shoots and dinners.

I only accept G&S from people I don’t know!!
 
Peter Hartwig said:
Maybe, but I would hope 200 gift payments totaling $20,000 would raise some sort of red flag at PP
Click to expand...
The $20,000 and 200 transactions per year (it has to be both) are IRS 1099k thresholds.

Some states have lowered that threshold to $600 or more per year for a 1099k..Massachusetts is one I think..FnF payments are not included.

1099k's are a headache. Maybe that's why some are asking for FnF payments?
 
ToxicBot11 said:
The $20,000 and 200 transactions per year (it has to be both) are IRS 1099k thresholds.

Some states have lowered that threshold to $600 or more per year for a 1099k..Massachusetts is one I think..FnF payments are not included.

1099k's are a headache. Maybe that's why some are asking for FnF payments?
Click to expand...

As I have said before-people have no problem coming up with excuses as to why they use F&F, but it is still the wrong product to use for G&S transactions. They either should use the proper product and pay the appropriate fees, or find a different product such as money orders. Sorry but I have never heard a valid excuse , only self serving ones.
Not trying to be PP police or implying it is the worst act ever, but it clearly is wrong and those using it inappropriately don't have a leg to stand on.
 
Has anyone asked PayPal whether you can use F&F if you are not a merchant selling for profit? Being part of a hobbyist club and basically evaluating samples of knives (incurring small losses each time) should be ok, given how much money PayPal makes off legitimate merchant sales. F&F is just their way of providing a free service to give back to the community
 
SuckSqueezeBangBlow said:
Has anyone asked PayPal whether you can use F&F if you are not a merchant selling for profit? Being part of a hobbyist club and basically evaluating samples of knives (incurring small losses each time) should be ok, given how much money PayPal makes off legitimate merchant sales. F&F is just their way of providing a free service to give back to the community
Click to expand...
If they find you are using F&F for sales items they will restrict your account to G&S only. There have been a few on the knife forums to have this happen. They say just that in the user agreement.
This why people request you don't list the item when making a PP F&F payment. PP knows people are doing this but it is likely not cost effective to deal with them unless it becomes blatant and repeated.
Dealing with each individual is a problem now and in the future, eliminating F&F for all wouldn't be.
 
Last edited:
madcap_magician said:
What it really comes down to is that A) F&F should not be an option for sales transactions on Bladeforums and B) List price should be the all-inclusive price that the buyer sends via G&S. The only exception should be negotiable international shipping.
Click to expand...

Nice and concise, the way it should be done. The only advantage to not actually spell out the final cost with fees, etc. included is to make the price look artificially low and draw people in. One of the oldest sales tricks in the book. Pass.
 
SuckSqueezeBangBlow said:
Has anyone asked PayPal whether you can use F&F if you are not a merchant selling for profit? Being part of a hobbyist club and basically evaluating samples of knives (incurring small losses each time) should be ok, given how much money PayPal makes off legitimate merchant sales. F&F is just their way of providing a free service to give back to the community
Click to expand...


It is, but not in the ways you are ascribing to it.
 
SuckSqueezeBangBlow said:
On Australian blade forums we only use F&F, it seems to work well for us down here and never going to worry about getting investigated for tax etc.

The way I see it is like this. Knife collecting is like a pass around with a buy in price and then the money and knives just change hands between friends.

A bit over simplified but that's how it feels.
Click to expand...

SuckSqueezeBangBlow said:
Has anyone asked PayPal whether you can use F&F if you are not a merchant selling for profit? Being part of a hobbyist club and basically evaluating samples of knives (incurring small losses each time) should be ok, given how much money PayPal makes off legitimate merchant sales. F&F is just their way of providing a free service to give back to the community
Click to expand...

Why, that sounds like a smashing great assignment for someone who is using F&F to buy and sell goods but is not a merchant selling for profit! Might you know where we might find such a fellow?
 
Just for the heck of it I ran through the fifteen ads appearing now on the Traditionals for sale sub forum. The numbers are:

No mention of preferred payment method: 4
Buyer's option, G&S or F&F: 1
Goods & Services: 11
Net to me: 4

As a snapshot it seems that most of the sellers are doing it right. It was a surprise to me that four sellers didn't mention any preference for payment, although those listings may have been edited after the knife sold.

The 'net to me' folks are the hard ones to figure. They're expecting the buyer to figure out how much money to send. That strikes me as weird.
 
dsutton24 said:
Just for the heck of it I ran through the fifteen ads appearing now on the Traditionals for sale sub forum. The numbers are:

No mention of preferred payment method: 4
Buyer's option, G&S or F&F: 1
Goods & Services: 11
Net to me: 4

As a snapshot it seems that most of the sellers are doing it right. It was a surprise to me that four sellers didn't mention any preference for payment, although those listings may have been edited after the knife sold.

The 'net to me' folks are the hard ones to figure. They're expecting the buyer to figure out how much money to send. That strikes me as weird.
Click to expand...

Agreed. What's worse are the ones that list a price "net to me" and then say that shipping is included. Net shipped is alternate way to phrase it. That's just dumb.



Apparently for some, if you don't want to pay with F&F, adding 15% to G&S is the thing to do. Alrighty then. :rolleyes:
https://www.bladeforums.com/threads...-5-sage-3-centofante-3.1628263/#post-18602488
 
I always expect people to pay with G&S and that's how I always buy. That said, I make a point of not specifying that you have to do so. Like I said earlier, I calculate my asking price to account for fees and shipping costs and that's why my price is "all inclusive" in my view. That said, if someone makes the choice to use F&F (and some do) then I proceed as usual, this happens so infrequently it's not even worth dealing with the correction.
 
91bravo said:
The "add 15%" sale ad is ridiculous. Why don't you just calculate in the 15% yourself, along with the shipping costs, and then just give a final G&S price? Boom! All in the rules along with buyer protection!! Wake up folks!
Click to expand...

I agree with you completely!

But why sell it for one price by two methods and then want 15% added when it would cost less than 3% ... unless it's international ... in which case we go full circle to ... use the appropriate method ... whether it's money order personal check etc ...

BUT STOP THE PAYPAL F&F ... it's not rocket science.

This must be use of the "new math" I've heard about ... smh.
 
Seems many don't ... even if you volunteer to pay the fees ... that should tell you all you need to know.
 
Status
Not open for further replies.
Back
Top