Paypal / Online Payment systems

[67rustavenger]

[Glenn]

I don't use Paypal.
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Glenn
74 Beetle Specs | 74 Beetle Restoration | 2180cc Engine
"You may not get what you pay for, but you always pay for what you get"

Member #1009

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[babysnakes]

Same goes for Venmo, Cashapp, Zelle or any other third party payers.

[Glenn]

https://www.cnet.com/personal-finance/taxes/fact-o...o-in-2022/

[Jimone]

pay your taxes.
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november 1952 ragtop
november 1954 single cab

[Manfred58sc]

^^^^Not wanting 1099K's to complicate ones tax profile does not make them a tax cheat.
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Fat chick owner/operator

[16CVs]

I use Pay Pal and take payments without any fees as designed. When people ask for fees to be paid I move on. Since I suck up the fees I feel as though I woulkd be paying on both sides of a transaction.

I sold a car for a customer years ago on Ebay and paid Pay Pal buyer was a jerk. Car was described honestly. buyer decided to ask for a refund. Since I kept no money in my account they snuck their way into my checking account and forced a sizeable overdraft to settle the chargeback.

During this time the car was in New Jersey, I'm in CA and the owner in Florida. The owner refunded my loss and had the car shipped to him in Florida. All the while I would was dealing with P.P., I sent them Ads and pictures of the car as well as personal Nasty E mails from the buyer. They never really said much about it. One day I get a notice of a full refund from Pay Pal, E bay sided with me and gave me 100% of my chargeback. At this point I had an inside phone number to Pay Pal to a Rep I had been dealing with. I called her up and told her that we had picked the car up a month earlier as we thought it was over. I have to say she was quite surprised. I expected them to ask for a refund or just take the funds. Nothing ever happened. I sent the funds to the owner In Florida and he ended up getting paid and keeping the money.

So that has taught me to never leave a door open for them, but in the end they did the right thing.

Stacy
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[Abscate]

If a 1099 is too complicated for you once a yearl, don’t drive.
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.ssS!

[Typ3nut]

Remember before PayPal ?
Money Orders and Wire Transfers ( for large sales amounts).
Do you think it will go back to that, to avoid Uncle Sam from having his hands in everyone's pockets?
PayPal programed everyone into using their service, their so called safe haven, Distrust between Seller and Buyer is what PayPal founded their business on, they've made a fortune.
Uncle Sam see's this fortune and wants his due.
I work and pay tax, I save and pay tax, I buy and pay tax, I sell and pay tax. Their hands are out but what are they doing for you.
Gimme, Gimme, Gimme !

[Glenn]

[skills@eurocarsplus]

[Abscate]

Adam Smith, In “ wealth of nations” calls making money without adding value “ rent seeking” and warns why it’s bad for capitalism.

That’s buying crap low and selling it high, aka flipping.

If cons actually read their economic Bible, the world might be a better place.

Uncle Sam has the hand in seven state pockets to bail out the other 43. Where’s your State in thst process? Ask your Senator ?
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[Manfred58sc]

usps postal money orders will answer the call ( amazing history on those BTW ), personal checks for small amounts also OK. Crypto also may offer a solution. Now if the banks have to report on transactions over $600 ( part of this next BBB plan ), there will be a run on the banks and safety deposit boxes. Mark my word.

Adam Smith is deader than dead in the modern economy, its like watching a horse drawn cart to understand cars.
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Fat chick owner/operator

[RJ'sVW]

It will be a big adjustment for everyone.
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If there's a will there's a way and determination will make it happen,never give up.

[skills@eurocarsplus]

this isn't the first ad i've seen here and probably won't be the last:

for many selling stuff is a hobby. this doesn't have any effect of a full blown business.

this is going to make a lot of folks think twice about listing stuff, especially 'casual' sellers.

i don't sell a whole lot here but from time to time i will list some stuff. i have to sit down with my accountant and see if the juice is worth the squeeze
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[EverettB]

The above ad text was remove for violating the politics rule of the site.

Thanks to the people who reported it as well as some recent reports about people using the "letsgo" BS on the site.
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[skills@eurocarsplus]

[EverettB]

[TDCTDI]

New policy changes at PPal, Zelle, & others are now adding charges to transactions & reporting to IRS.




Link

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Do something, anything, to your project every day, and you will eventually complete it.

[Abscate]

If you don’t want to sell stuff because you have to pay taxes , don’t sell stuff.

Don’t use the internet, roads , or anything else publically funded in your business either
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.ssS!