Paypal friends and family and does paypal cover knives if lost or scammed

Vince000 said:
I'm assuming all those who are unwilling to pay F&F are also unwilling to do trades? With any transaction, there is always some risk and some basis in trust. Feedback is one mechanism to mitigate risk. People just need to do what they're comfortable with. Even if you pay G&S, you could possibly just get a dildo in a box too.
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Correct. I wouldn't do a trade with a new member I don't know. People have sent rocks in usps boxes to members here on this forum before. If memory serves me correctly they were protected.
 
Paratrooper06 said:
I think people put a lot of trust in members here due to the strong reputation of most members here. That’s a mistake. Treat every transaction with the due diligence you would a stranger. I don’t f&f people with a 250 positive feedback the same way I wouldn’t with someone with zero feedback. Matter of principles.
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I agree. The exception for me is guys on here I know well for years. They wouldn't ask me to f&f though which is the ironic part.
 
shinyedges said:
I'm seeing more people demanding friends and family as their only forms of payment. As absolutely asinine as it is, people send the money as a gift.

In the past PayPal g&s has protected buyers from being scammed. Is that still they case? What other more secure options are there?

PayPal no longer covers any knives. Just called them.

I recently purchased a knife from a member here on forums and he informed me that PayPal no longer gives seller protection on knives. I kind of thought he might not be exactly right about that. Today I called PayPal because I have someone wanting a couple very expensive knives I have for sale. I...
www.bladeforums.com www.bladeforums.com


Any word on this?
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I've read that Paypal expects the F&F option to be abused (more) with new tax reporting requirements. Expect a lot of account locks this coming year. They may limit your account to outgoing G&S payments only. Incoming funds may not go through or be held in your PP balance but withdrawal of it may be locked until you provide a SS #, Tax ID# or business info. Don't respond and you may get a 1099K surprise. They already have your name and address to send the 1099K.
 
Vince000 said:
I'm assuming all those who are unwilling to pay F&F are also unwilling to do trades? With any transaction, there is always some risk and some basis in trust. Feedback is one mechanism to mitigate risk. People just need to do what they're comfortable with. Even if you pay G&S, you could possibly just get a dildo in a box too.
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Yah but that's the gift that keeps on giving.




:D
 
LMT66 said:
I've read that Paypal expects the F&F option to be abused (more) with new tax reporting requirements. Expect a lot of account locks this coming year. They may limit your account to outgoing G&S payments only. Incoming funds may not go through or be held in your PP balance but withdrawal of it may be locked until you provide a SS #, Tax ID# or business info. Don't respond and you may get a 1099K surprise. They already have your name and address to send the 1099K.
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I agree, the dynamic of how transactions thru third-party facilitators such as Paypal and Ebay is going to change significantly this year as people cross the $600 threshold early in the year and start getting asked to provide SSN/TIN for the 1099-K, or risk getting their accounts closed. And in order to not pay "hobby tax" on the amount shown in the 1099-K, you will likely need proof that your expenses exceeded the amount of "gross payments" shown on the 1099-K.
 
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i ask for F&F from newer accounts and low/no feedback.. it’s called taking calculated risk. why do i want to deal with paypal if i get scammed by a new user on the forum.. i’d rather avoid the headache.
 
aue123 said:
i ask for F&F from newer accounts and low/no feedback.. it’s called taking calculated risk. why do i want to deal with paypal if i get scammed by a new user on the forum.. i’d rather avoid the headache.
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Because you have no chance of getting your money back if you don’t. You can whine and cry to moderators here, but the most they can do is try to contact the person (which won’t do any good with a thief) and ban them from the forum (which they can find a workaround with alternate accounts). Mods can keep honest people honest, basically. You’re SOL with a thief. G&S is really the only known chance of getting anything back. The cops aren’t going to care about you losing a couple hundred bucks, when they have drugs and violent crime to deal with.. and the credit card company? Maybe they give you your money back, maybe not… doubtful once they find out you used f&f to pay someone with it.
 
Paratrooper06 said:
Because you have no chance of getting your money back if you don’t. You can whine and cry to moderators here, but the most they can do is try to contact the person (which won’t do any good with a thief) and ban them from the forum (which they can find a workaround with alternate accounts). G&S is really the only known chance of getting anything back. The cops aren’t going to care about you losing a couple hundred bucks, when they have drugs and violent crime to deal with.. and the credit card company? Maybe they give you your money back, maybe not… doubtful once they find out you used f&f to pay someone with it.
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the issue with second hand selling.. most likely you’re already taking a loss let’s say the knife is $300 retail plus you paid tax and shipping.. nobody is going to pay more than probably $240.. then add the $8 shipping.. then the 4% or whatever paypal takes.. and then the additional 1.5% if you direct transfer the money. you’re walking away with $218 after it’s all said and done .. that’s a horrible $82+ loss for the seller. and the knife might have been perfect condition, cut paper once, and all the original box and packaging included.
 
aue123 said:
the issue with second hand selling.. most likely you’re already taking a loss let’s say the knife is $300 retail.. nobody is going to pay more than probably $240.. then add the $8 shipping.. then the 4% or whatever paypal takes.. and then the additional 1.5% if you direct transfer the money. you’re walking away with $218 after it’s all said and done .. that’s a horrible $82 loss for the seller. and the knife might have been perfect condition, cut paper once, and all the original box and packaging included.
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Bake your overhead into the knife price. Credit card is 0%. PayPal takes 3.49% + 0.49 for g&s. What you can sell a knife for is dependent on resell value. People pay close to sticker for CRKs… Civivi and WE get maybe 70%. Really no guarantee what the market popularity will be, but someone is going to need to buy it from a distributor before it hits the forum. Some knives sell better here, some don’t. $300 dropped to $240? Not likely unless you used it. Where else would you sell it? The bay? Look what they take.

3.49% + $0.49 + $8.45 small flat rate box. Ask for $257.94 per the calculator, good to go.

Seller being out $17.94 is better than a buyer losing $240.
 
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000Robert said:
I wouldn't put you on ignore, but I would stop reading the post. Sometimes when I see F&F, I don't even look at the photos.
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If they have a join date after 2020 they go straight to mine. Mfers with zero history coming from fb and bringing the widely accepted (there) FF ways here can push sand.
Vince000 said:
I'm assuming all those who are unwilling to pay F&F are also unwilling to do trades? With any transaction, there is always some risk and some basis in trust. Feedback is one mechanism to mitigate risk. People just need to do what they're comfortable with. Even if you pay G&S, you could possibly just get a dildo in a box too.
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Nope, they are simply sending to me first otherwise no trade 😁
 
dericdesmond said:
If they have a join date after 2020 they go straight to mine. Mfers with zero history coming from fb and bringing the widely accepted (there) FF ways here can push sand.
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I don't sell knives but I have noticed more sellers asking for F&F now than when I first subscribed. If people keep taking advantage of F&F then PayPal will probably do away with it altogether. Why not just add the G&S fee into the price? Sounds pretty simple to me.
 
000Robert said:
I don't sell knives but I have noticed more sellers asking for F&F now than when I first subscribed. If people keep taking advantage of F&F then PayPal will probably do away with it altogether. Why not just add the G&S fee into the price? Sounds pretty simple to me.
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PayPal had 311 billion dollars in payments made last year. I doubt a few f&f payments from BladeForums members really makes a difference to them.
 
on_the_edge said:
Capone was worth it. Unless you're up to a lot more than is assumed, you're not worth busting.
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Times are changing my friend, I'm not saying they'll get rid of f&f, but we can't rely what's transpired in the past to be an indication of what will be enforced or done now.
 
Paratrooper06 said:
PayPal had 311 billion dollars in payments made last year. I doubt a few f&f payments from BladeForums members really makes a difference to them.
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If it's a loss of money overall, they could attack it, and it wouldn't be applied in a way where the origin site/market is needed. It'd be applied by some algorithm. It would probably be pretty accurate just to flag accounts with some fixed number of one-off transactions via F&F on a regular basis or within a short period.

Have 10+ F&F payments to unique people per week/month/whatever? That's probably not legitimate usage. Or does the account repeatedly use F&F but few to little are repeat between the same two people (high % first time connections)? Again, probably not all legit F&F. And if you share your contacts list with PayPal, they could auto flag you if most F&F payments made to people outside your contacts list and be right it's abuse. If F&F is for payments to friends and family, it's not hard to design tests to flag accounts not doing that, no site needed.
 
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