General Payment Question

[Martinezine]

Hey all,
I had a comment the other day from @Peacoat, regarding payment etiquette. He suggested that PP “Friends and Family” should not be used but rather PP “Goods and Services”.

I have bought here with success using PP F&F before and have seen many known users on this forum using F&F, and recently have posted some A2s for sale with F&F as a payment method.

My question is, what is consensus here on the best payment transfer method? (Apologies if this question has already been broached.)

Thanks,
Michael

 

[Biff42]

For someone new in town such as yourself with no sales history (not saying you have none), I'd use goods and services and pay the % increase of the transaction as the buyer. As long as the buyer pays the fee I'm not sure why it would matter to the seller either way.

Edit to add that I'd avoid Zelle like the plague because my understanding is that once that money transfers it's gone.

 

[Shawnziee]

I 100% agree I have paid the 12% fee before just to make sure I have some kind of protection,... I have also used the FF for many sales and purchases with 100% success but, they were all known members. When I was new, I would buy from well-known members using FF knowing they are ok. Unfortunately, too many fake accounts and many issues that are going around.

 

[Kunja]

As long as the buyer pays the fee I'm not sure why it would matter to the seller either way.

It’s the IRS 1099 that is the problem, not the fee.

 

[Biff42]

It’s the IRS 1099 that is the problem, not the fee.

Right, but it doesn't necessarily mean the amount will be taxable. You'd have to file the same 1099 form through ebay as well, correct?

If your a new member with no history it's goods and services, otherwise, I'll purchase through ebay and get purchase protection.

 

[Harris HTM]

First of all we must realize that this place is a forum and not a marketplace. It is a fact that lately the forum has been inundated with new members who contribute nothing but items for sale. I know that this is not regarded as a problem by many but I think it has changed the character of the forum a bit.
I don't have an ebay or vinted account and the only few items I have for sale are here and on the VLJ forum. I would only sell F&F, except to long standing members with good reputation that I have interacted with for many years. In the past there have been cases here and in the VLJ where the sale went as Goods and Services, the buyer received the item and then claimed that he received an empty box. Paypal sided with the buyer and withdrew the amount from the seller's account. The seller was left with no item and no money.

 

[Martinezine]

First of all we must realize that this place is a forum and not a marketplace. It is a fact that lately the forum has been inundated with new members who contribute nothing but items for sale. I know that this is not regarded as a problem by many but I think it has changed the character of the forum a bit.
I don't have an ebay or vinted account and the only few items I have for sale are here and on the VLJ forum. I would only sell F&F, except to long standing members with good reputation that I have interacted with for many years. In the past there have been cases here and in the VLJ where the sale went as Goods and Services, the buyer received the item and then claimed that he received an empty box. Paypal sided with the buyer and withdrew the amount from the seller's account. The seller was left with no item and no money.

I’ve read about this sort of **** and it is indeed unfortunate.

 

[Tom71]

First of all we must realize that this place is a forum and not a marketplace. It is a fact that lately the forum has been inundated with new members who contribute nothing but items for sale. I know that this is not regarded as a problem by many but I think it has changed the character of the forum a bit.
I don't have an ebay or vinted account and the only few items I have for sale are here and on the VLJ forum. I would only sell F&F, except to long standing members with good reputation that I have interacted with for many years. In the past there have been cases here and in the VLJ where the sale went as Goods and Services, the buyer received the item and then claimed that he received an empty box. Paypal sided with the buyer and withdrew the amount from the seller's account. The seller was left with no item and no money.

This!

 

[Martinezine]

I appreciate the thoughtful responses and the learning from you all. This is great feedback and insight into the steps to take to mitigate risk when purchasing here via PayPal et al. I suppose for myself, at the end of the day, it really all comes down to intuition, and finally trust when pulling the trigger on anything in the virtual sphere.
Thanks again,
-M

 

[Bender]

What's the old adage regarding buying/selling online?

Buy the seller, not the item.

And I suppose whatever clever saying could be applied to the reverse... anybody got one?

 

[2xdareya]

I’m fairly new to this forum, and have pretty much lurked my whole time here except for listing a few jackets for sale, and so I appreciate this post. It defines some etiquette framework, and motivates me to actually participate. To show that I am actually a real human I’ve attached one photo (yes, poor quality) of myself wearing a Double Helix (the model name escapes me) size 46, which I like (wearing more layers under than I should). Thank you all, and looking forward to learning more. Kelly

 

[Martinezine]

Ummm… are you impersonating me, copying what I initially wrote and adding some plug for Corefy @pacysugog?

 

[jchance]

If you trust the seller/buyer, you can use F&F. If you don’t know the seller/buyer, the buyer should protect himself with G&S.

 

[adanjones]

I’m fairly new to this forum, and have pretty much lurked my whole time here except for listing a few jackets for sale, and so I appreciate this post. It defines some etiquette framework, and motivates me to actually participate. To show that I am actually a real human I’ve attached one photo (yes, poor quality) of myself wearing a Double Helix (the model name escapes me) size 46, which I like (wearing more layers under than I should). Thank you all, and looking forward to learning more. Kelly

Welcome aboard, Kelly!
You’re already off to a better start than most bots I’ve met none of them ever wear Double Helix Looking forward to seeing you around more!

 

[Ofas]

First of all we must realize that this place is a forum and not a marketplace. It is a fact that lately the forum has been inundated with new members who contribute nothing but items for sale. I know that this is not regarded as a problem by many but I think it has changed the character of the forum a bit.
I don't have an ebay or vinted account and the only few items I have for sale are here and on the VLJ forum. I would only sell F&F, except to long standing members with good reputation that I have interacted with for many years. In the past there have been cases here and in the VLJ where the sale went as Goods and Services, the buyer received the item and then claimed that he received an empty box. Paypal sided with the buyer and withdrew the amount from the seller's account. The seller was left with no item and no money. The same caution applies in other online spaces, including casinos. Some players look at simple games, like scratch cards discussed on https://casinosanalyzer.com/casino-games/scratch-cards, because the rules are clear. Even then, trust and transparency still matter. Risks exist anywhere money changes hands.

I completely agree. If you trade on non-specialized platforms, you risk being left with nothing.

 

[jacketjunkie]

It depends, doesnt it? I have been selling jackets here for 12 years no complaints. You buy from me, you pay by pp family & friends or bank transfer, especially when you are a new member. I am not taking the chances you abuse paypals absurd buyer protection that basically allows you to destroy whatever I sent you because you have buyers remorse and claim it arrived that way (has happened before, on this forum too).

If you are a new member who has no standing reputation and maybe even joined only for selling stuff as so many lately, no way I am sending you anything by pp family&friends. If you are someone I know for long, no big deal, you get the same trust I expect the other way around.

 

[DweezilMac]

It depends, doesnt it? I have been selling jackets here for 12 years no complaints. You buy from me, you pay by pp family & friends or bank transfer, especially when you are a new member. I am not taking the chances you abuse paypals absurd buyer protection that basically allows you to destroy whatever I sent you because you have buyers remorse and claim it arrived that way (has happened before, on this forum too).

If you are a new member who has no standing reputation and maybe even joined only for selling stuff as so many lately, no way I am sending you anything by pp family&friends. If you are someone I know for long, no big deal, you get the same trust I expect the other way around.

Lots of other good answers above, but replying to @jacketjunkie ‘s message, I give pretty much the same answer, but I’d look at it more from the point of view of risk.

Flipping from PP F&F to G&S flips the risk in the transaction 180° (due to PP’s buyer protection approach).

Trust based transactions per this forum work well, but the foundations (of trust) are built step by step. No foundation/tenure/track record = a poor basis for trust. But someone in good standing should likewise deserve(?) or benefit from this track record.

I have shared risk in one or two sales instances, but I’m personally not prepared to accept a 180° flip (e.g. as a seller, to a PP G&S approach)

Lots of other points about the costs of PP, eBay etc. transactionally, FX if pertinent etc. I like to keep my hobbies finances in the hobby, not lining some “bankers” pockets!

 

[AttemptingToStyleUp]

I can see both sides of the argument. I recently bought a jacket from somebody here, and I opted for G&S for my peace of mind as a buyer. I agree generally with the idea that for a forum like this, developing standing/trust by participation is indeed the best way to reduce/remove risk.

 

[Martinezine]

What's the old adage regarding buying/selling online?

Buy the seller, not the item.

And I suppose whatever clever saying could be applied to the reverse... anybody got one?

I think Bender’s simple reminder is probably still the best advice I’ve heard yet, you “buy the seller, not the item.”