Hi Dale,
Thanks Mike for you timely help. I am a long standing member of Pay Pal as a result of selling on e-Bay which I have done a lot. But now they have parted ways (e-bay and Pay Pal). . I went on the Pay Pal web site to see how I can use Pay Pay and their Q and A section still confused me. Where on the Pay Pal site do I put the listing?
You put the listing here and give the buyer your paypal email to pay for the item through Paypal. I too have been an ebay seller for almost 20 years and I hate the way ebay does their payments now.
If you have the buyer send it on PayPal as friends and family, there are no fees charged to either of you. I have purchased several items that way from folks. It works very well and is instant if you have your PayPal account tied to your bank.
But there is no protection either.
True, the buyer has to trust that the seller will actually ship the item after they are paid.
Yup. I agree. We already pay state and federal taxes. Cash FTF or PayPal F&F FTF, both after testing the item. For little guys like us that scrimp and save it hurts. Most times we gotta sell one to get one so we are already taking a loss. Now to pay additional taxes only adds insult to injury.
Great tip thanks
To my way of thinking, these companies do us a great service providing protection for both the seller and the buyer. Without them, there would be very little recourse if you sent your item and the buyer withheld the item, and vice versa. It is a small price to pay for peace of mind to me and I am for it.
PayPal getting their fee is fine. It's a service That works pretty good. What I'm referring to is the additional taxes needed to pay over $600.
To add to that, all PayPal really does with this protection is hold the buyer's money until the package has been marked as delivered and in my personal experience, it's fairly difficult to get your money back unless the seller simply agrees. I mean, 3% is a pittance to pay and they don't do much so yes, I agree that despite the difficulty in getting your money back, the price for the services is fair.
Eventually there will be no cash and income tax will be charged on every cent deposited into your account.
That's what that's about, not something additional.
They might not give you one but you're still supposed to declare it as income on your tax forms on your own if applicable...
I’ll tell ya what really gets me with ebay is that they charge their ridiculous fees, not only on the selling price, but also the sales tax and shipping. That is a downright scam! Sellers should not have to pay fees on those no way, no how.
