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Upload & Sell: On
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gregfountain wrote:
About a year ago, or more, Paypal also started limiting my immediate use of funds after a sale. I've only used F&F a few times for smaller dollar amounts, and have never had a complaint in something like twenty years. I recently tried to make a purchase with a credit card on file with them, and found out they are now charging the buyer a processing fee, and that Citi considers it a cash advance, therefore, more fees. And of course, the buyer wants an additional 3-4% to use G&S. Seems draconian for people like most here who are simply "trading" gear, but the IRS and states want their cut no matter what, and it often involves taxing the same piece of gear multiple times. On top of all that, having a Washington State business license also comes with the added burden of paying a "use tax" that somehow equates to a sales tax.
A lot of the B&S posts are demanding using a "non-fee" form of payment as a result, and I don't blame them, but when it's an item that is costing me thousands of dollars, the lack of buyer protection makes it a non-starter for me. Obviously there are people here with impeccable reputations, and I've always guarded mine like a badge of honor, but you can never be 100% sure without a claim process.
Moral of the story: Local cash is the best option, even if I have to meet someone an hour or two away. Of course, depositing that money (>$600) brings a whole new round of government scrutiny....
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THIS. I wanted to tell people that PayPal is cracking down on F&F by having banks see the transaction as a Cash Advance. At least CapitalOne warned me, but even so, they both say that it "may" be considered a Cash Advance. Come on, is it or is it not? Because the interest on a Cash Advance from a credit card is insanely high. And some might say "why not use debit?" because #1, its for business, and #2 I get protections vs debit, like obviously fraud protection, but the less known extended warranty on new items purchased with the card. I'm with you. I'd say 95% of people are selling their equipment at a loss, so it shouldn't be taxed or burned for you to prove it. I swear, when you look how many taxes people pay in America: Sales Tax, Federal Tax, State Tax, County Tax, City Tax, Property Tax, Capital Gains Tax... we have no room to say Norway or Denmark is bad in terms of taxation.
Edited on Dec 24, 2025 at 12:30 PM · View previous versions
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