What Payments are accepted and how to have good customer service to follow

[iBrian]

It's been a while since I have posted or sold anything on this site. Not by choice but rather overcoming serious tinnitus in both ears. I am going to have to sell most of all my equipment that I have that's been in proper controlled storage. But before I post anything. I have noticed that the classifieds have change. Most look like good changes. The one thing I'm confused about is accepted payments. I live in Virginia and PayPal and VA rip me a new one for anything using G&S. Now I don't want to go against any rules on these forums but I also need to sell my equipment because it needs to go to good homes that can utilize them.

I have 100% on the classifieds here and other forums. But it looks like the feedback may have been changed here. I am not fully understanding how it works now. If I have anyone pay with PPFF anywhere I white glove every transaction with detailed packing photos and a label made from pirateship and provide photos of the drop off receipt and watch the tracking all the way to your door. That might be too much but, to me. I feel like that's the least I can do to make sure any one that buys from me gets exactly what they ordered. Also my rule of thumb is (I like the new rules on this). I sell things for what I paid for or less to give others a chance to get great equipment and use them as well without selling their first born.

TLDR; just trying to get a better understanding what is acceptable payments and how the new classifieds work. I read the new rules but I not comprehending them fully I guess


PS: Also about the classifieds score? Mine says 68. That’s the part I’m confused about. Maybe it’s because I’m using my phone and a computer would show differently

 

[msing539]

Yes your classifieds rating shows as 68 which I personally think is plenty high.

What some do is list the GS price inclusive of fees and a discounted FF price. Then it's up to the buyer to decide if they want the purchase protection or not.

 

[msing539]

Forgot to mention that there were a string of scams in this new classifieds, so if you've been inactive for a while, GS is probably what you'll need to do. Really up to you and the buyer, but that's the recommended form of payment.

 

[iBrian]

That stinks that people want to take advantage of anyone anyways. Especially people that just want to sell their equipment to get something different. I guess I'm stuck with this equipment. Unfortunately I won't be able to do G&S because of the PayPal taxes. Lol for example if I sold something for $100 then I would be taxed so much. I would be out close to $50. Not sure if posting my feedback from another forum would give anyone peace of mind. I like blades too but I won't post the site unless I have approval to do so

 

[msing539]

What happened was a bunch of accounts were hacked, all older and inactive. Then those kids would post sale ads under those old accounts ridiculously cheap, like an LCD-4 for $1200. Take multiple payments and never ship anything.

The PayPal thing is supposed to kick in after $600 profit for the year, but we'll see how that actually pans out during tax season.

 

[iBrian]

What happened was a bunch of accounts were hacked, all older and inactive. Then those kids would post sale ads under those old accounts ridiculously cheap, like an LCD-4 for $1200. Take multiple payments and never ship anything.

The PayPal thing is supposed to kick in after $600 profit for the year, but we'll see how that actually pans out during tax season.

that stinks!!

Yes per https://www.paypal.com/us/smarthelp...he-form-1099-k-reporting-requirements-faq3895 it was 600 but Virginia somewhere stated $600 at zero transactions. So regardless if it were $100. If they deem it to be a transaction then it's filed

But now there is a new update. I'm trying to comprehend it. lol.

https://newsroom.paypal-corp.com/20...eporting-Requirements-Your-Questions-Answered which then links the irs link -
https://www.irs.gov/newsroom/irs-an...or-third-party-payment-platforms-forms-1099-k

In the end, If I am able to reach out to mods or someone over the classifieds or maybe give those with an upstanding account permission to use anything other than G&S that would great too. But only if given permission

 

[iBrian]

So that link above from the irs - https://www.irs.gov/newsroom/irs-an...or-third-party-payment-platforms-forms-1099-k

I am seeing that federal reg is not implementing this for filings of 2022?? It's delayed? Or postponed until further notice? Doesn't make sense to me

 

[msing539]

Regarding the Classifieds, I don't know if it's a matter of permission. Yes, the rules are in place but they also say to use the classifieds at your own risk, meaning it's a convenience Head-Fi provides and they're not liable for any loss between the buyer and seller. If you list the GS price and someone asks for a discount for FF, it's between the two of you.

 

[iBrian]

Ah I gotcha. So I can not say on the post PPFF or ApplePay for payment? Just wanting to make sure I fully understand. I appreciate you helping also

 

[msing539]

You're welcome--some people say it, some don't. I don't want to imply it's a free for all but you can look through listings.

Head-Fi strongly recommends PayPal GS only, as does Reddit AVexchange. But that was in place before the reporting--now on Reddit, they seem to openly allow the GS price plus the FF discounted price. But straight up saying Cash App or PayPal FF only, that I recommend against personally. But I have no power... I'm not the boss of classifieds or there to police it.

 

[msing539]

Oh I almost forgot to say... this question was sent to me for review but I'm not being paid to answer, as usual all thoughts and opinions are my own.

 

[HipHopScribe]

That stinks that people want to take advantage of anyone anyways. Especially people that just want to sell their equipment to get something different. I guess I'm stuck with this equipment. Unfortunately I won't be able to do G&S because of the PayPal taxes. Lol for example if I sold something for $100 then I would be taxed so much. I would be out close to $50. Not sure if posting my feedback from another forum would give anyone peace of mind. I like blades too but I won't post the site unless I have approval to do so

You only have to pay taxes for items you sell for a profit. If you buy some thing for $125 then sell it for $100, you don't need to pay taxes on that $100. So you can go ahead and use PayPal G&S, just keep records of everything you buy and sell so you have proof you're selling at a loss