Why does nobody take PayPal?

[Chuck E Ducky]

I heard that if you sell over a certain amount you are going to have to claim it. So they are going to start taxing personnel exchanges like a business. It was part of our “free money Covid care package” apparently. I don’t know how true that is.

Those cash apps are what most drug dealers take because it’s not traceable harder to prove exchange of currency in court when charges are pressed. You can’t reverse it like PayPal. They are more like handing someone cash. If they are going to start to tax it. It’s a power move toward going to a cash less system in the name of helping you. Because they will be required to track it. If they track it they will tax it. Because they can.

[Mr. Hick]

IIRC the limit is going to be $600. once your account has $600 in transactions the rest become taxable.

[Cyberpyr8]

Yeah I had one guy that I gifted for a gun once tell me it was due to owing $20k in taxes for selling so much. I only gifted him because he was legit and I could verify it.

My daughter recently sent money to someone for a dog and it was a scam. She sent the money through Zelle and now has to wait 45 days to get her money back. Only use Zelle, Venmo and CashApp for friends. If I'm buying something I use paypal or a credit card so I know I will likely get my money back if something happens. I walk away from a lot of deals because they don't want to do paypal. It's not worth it to me.

[BLachance75]

It isn't necessarily taxable. You will get a 1099 from Paypal at the end of the year if you receive over $600. You only need to claim it if there is a profit. So if you bought something for $1000 and then sold it for $1000 you will get a 1099 but you don't have to claim it since there is no profit. In MA we have been getting them for a few years at the $600 threshold where the rest of the country was $20000

[shadow191]

As others have said, it's likely that people just don't want to deal with the sign up (or they're scammers). The fees can be covered by buyer and seller gets full amount so likely that's not reason. I've had the opposite experience and see that most people take Paypal. But I typically buy through the forums - I've never been on Facebook Marketplace so probably different world out there. For CL deals, it's always local and in person. I've had a handful of people say they took Venmo only and I walked away. Not worth the risk, if someone isn't willing to sign up for Paypal to sell a $500+ item, they're probably not a reliable seller even if they're not a scammer.

FWIW, my wife works in fraud strategy for a major bank and there is so much fraud on the payment apps - Zelle, Venmo, CashApp, etc. It's mostly CashApp, not sure why that app even exists but to scam people. I use Venmo & Zelle but prefer Venmo as Zelle is hard to use and there is no recourse since it's linked directly to bank account. At least with Venmo, I link it to my credit card.

[MrBarraclough]

Everyone I have dealt with in my relatively limited experience has accepted PayPal (both here on MCB and on a couple different Facebook BST groups). Pretty much anyone who has been on eBay for any length of time will have a PayPal account. They might not have ever received money via PayPal before, but they'll have used it to pay, though they might not realize that they don't need any kind of special account to receive money. I would find a PayPal aversion to be a red flag. It's easy to set up, you can link either a bank account or credit card, and you can easily build the fees into your price. If a seller cannot be persuaded to adopt PayPal, I'd assume they are either a scammer or so inept that I don't want to deal with them, and move on.

The "I got scammed via PayPal" excuse is silly. If someone ripped you off via PayPal, using Venmo or CashApp or Zelle or whatever is not going to make you less vulnerable to future scams. If someone spins a yarn like that to explain their PayPal aversion, I would be even more inclined to assume that they are a scammer.

[gabe]

In terms of the seller side of things it's easy to get ripped off by paypal if someone files a claim even though the item was delivered. Not sure if it's still this way but when Paypal was tied to Ebay they almost always took the side of the buyer and would immediately debit your account and give it back to the buyer.

[Hp_lovecraft]

A few years ago, scammers broke in to our paypal account, and used it to clear out all our linked accounts to make a large purchase.
We noticed it pretty quickly, told paypal, and they took care of it.

By "take care of it", they quickly reversed all the charges, and we were not liable for a dime.
The whole process made me very confident in paypal.

But there is another side. The scammer used my account to made an expensive purchase at some pawn shop in california. The pawn shop sold the item before the transfer had cleared, so when paypal refunded me all my money, the pawn shop got screwed for $20,000. That guy called me for weeks and weeks, also called the local police, feds, lawyers, etc. Anyone who would take his call. Bottom line, he should have waited for the funds to clear, but paypal did not refund him the $20K

So I trust paypal. I also trust any major sites internal transaction system. In my experience, those who do not accept paypal were usually banned. No, not always. But its like the old days of the Ebay knockoffs (like Yahoo auctions). They were mostly used by people kicked off Ebay, and were thus dumpster fires. Thats the same with Venmo and CashApp now. Sure, they work. But they say right in the TOS that its not for business transactions. But only "friend to friend". Much like Western Union..... and nobody scams western union right?

[Cunha]

Yep. I know that I am an early onset old timer now because people ask me about venmo and other payment apps and I just give them the stupidest most confused look to indicate I have no idea what the hell they are saying and there is no chance I will do it. "paypal"

Until they force me to integrate with facebook or something or some other egregious act of evil or there is some alternative that is exactly the same, backed by God or Elon Musk and swears a solemn oath to take significantly less fees I would consider trying it. Otherwise, why?

[SETHZILLA!]

Maybe we can get a tech savvy MCB'er to make e-cash app just for paintballers and we call call it VELCOR......

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[SignOfZeta]

Avoiding conventional payment methods (PayPal) and preferring obscure or old fashioned ones is a huge huge red flag, centuries old. (Magic beans?) Avoid avoid avoid. Are you trying to buy a 6 year old BMW for $1200 or something?

Paypal is a ripoff and it sucks but it’s a known sucky ripoff and most intelligent honest people will usually go that route. Venmo is gaining ground thanks to its popularity with hookers, dealers, and politicians, but I haven’t used it.

[Trbo323]

Avoiding conventional payment methods (PayPal) and preferring obscure or old fashioned ones is a huge huge red flag, centuries old. (Magic beans?) Avoid avoid avoid. Are you trying to buy a 6 year old BMW for $1200 or something?

Paypal is a ripoff and it sucks but it’s a known sucky ripoff and most intelligent honest people will usually go that route. Venmo is gaining ground thanks to its popularity with hookers, dealers, and politicians, but I haven’t used it.

A ripoff? Take a few percent to ensure I receive my purchase or get my money back if I don't, seems like a good deal to me

It's only a ripoff if everyone out there is honest and always sends your items in advertised condition

How many transaction fees will it take to cost more then even 1 marker not showing up after you pay?

Most of us use debit or credit cards almost every day, those take transaction fees off the top as well

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[SignOfZeta]

You should maybe read my post again. While it is far from a perfect service, I very clearly recommended he avoid anyone who conspicuously avoids PayPal. I recommend he use PayPal, in other words, and for the exact reasons you state. I don’t know what your problem is.

[woouulf]

Any seller worth his salt will accept paypal.. No paypal , no deal....If im selling and they ask to pay anyother way, I just invoice them with Paypal..

[Carp]

... I, myself, still dabble in cash/trade. 😉Sometimes, I have to involve a 3rd party, to get a deal done. That just tends to make things quicker though. A lot of people these days, are fixated on the almost instant gratification system.