Selling without PayPal

General Discussion

  1. Daves69

    Daves69 Well-Known Member

    Messages:
    5,641
    Likes Received:
    3998
    Joined:
    Feb 20, 2011
    Location:
    WestOfChi
    Local Time:
    9:24 AM
    USPS Money Order or cash on customer pickup.

    Wow! I think I'd be asking the PO Managers about that.

    "How to Cash Domestic Money Orders
    Domestic money orders never expire and they do not accrue interest. Money orders are cashed for the exact amount on the order.


    You can cash a USPS money order at a Post Office for free. You can also cash them at most banks and some stores. Rural carriers may cash money orders if they have enough money on hand."

    Maybe they need to read their own policy.......
    Money Orders | USPS
     
    • Like Like x 1
    • Joey4speed

      Joey4speed FABO Gold Member FABO Gold Member

      Messages:
      1,300
      Likes Received:
      985
      Joined:
      Jul 17, 2018
      Location:
      Coastal NC
      Local Time:
      10:24 AM
      Don't feel too bad about it.
      We are all under the stress, in many different ways.
      Glad we have a way to vent here on Fabo.
      Some people have nobody, and that's gotta be tough.
      Joe
       
    • krazykuda

      krazykuda Well-Known Member FABO Gold Member How-To Section Editor

      Messages:
      58,633
      Likes Received:
      24242
      Joined:
      Aug 20, 2007
      Location:
      Orland Park, IL
      Local Time:
      9:24 AM
      Paypal is now asking for my soc sec # so they can report my sales to uncle Sam so he can tax me at 25%.... :icon_fU:

      Or they will limit me to just sending payments or friends and family only...
       
    • DionR

      DionR Well-Known Member

      Messages:
      2,408
      Likes Received:
      400
      Joined:
      May 7, 2008
      Location:
      Spokane, WA
      Local Time:
      7:24 AM
      Do you sell a fair amount?? I doubt I have hit the $400 mark for sales this year and haven't seen that.

      If the government does that, seems like you would have to create a business just so you could report the shipping as a cost of business rather than absorb it all as income. Yikes.
       
    • moparmarks

      moparmarks zippindippintie FABO Gold Member

      Messages:
      1,588
      Likes Received:
      856
      Joined:
      Oct 5, 2014
      Location:
      Western Colorado
      Local Time:
      8:24 AM
      In my Mopar business I run between 20-30,000 dollars thru PP every year. I take PP mainly because I don't take credit cards. PP pretty much works the same as credit cards. Pretty much the same protection for both the buyer and seller. Pretty much the same cost but is actually easier for the seller than credit cards. I've never really had a problem in 15-20 years. I also take checks and money orders. Which ever works for my customers.
       
    • moparmarks

      moparmarks zippindippintie FABO Gold Member

      Messages:
      1,588
      Likes Received:
      856
      Joined:
      Oct 5, 2014
      Location:
      Western Colorado
      Local Time:
      8:24 AM
      They have never asked me for my SS number.
       
      • Agree Agree x 1
      • mycuda

        mycuda FABO Gold Member FABO Gold Member

        Messages:
        5,975
        Likes Received:
        3348
        Joined:
        Feb 15, 2011
        Location:
        Chicago/ Metro
        Local Time:
        9:24 AM
        Venmo, chase zelle pay,, never been burned
        On any those because ID of both purchaser
        And seller are known forever.
        Hard to delete when there is no account
        Or third party...
         
      • krazykuda

        krazykuda Well-Known Member FABO Gold Member How-To Section Editor

        Messages:
        58,633
        Likes Received:
        24242
        Joined:
        Aug 20, 2007
        Location:
        Orland Park, IL
        Local Time:
        9:24 AM

        No, a few items, but not too much...
         
      • LocuMob

        LocuMob Fluid Technician FABO Gold Member

        Messages:
        2,014
        Likes Received:
        1554
        Joined:
        Oct 30, 2013
        Location:
        Southern Mn
        Local Time:
        9:24 AM
        The only reason I've been told to go to my bank for a US postal money order, is they don't have tons of cash in my little town. They've had the amount I received, $150 or less, and I always go at the end of the day.
         
      • msaund69

        msaund69 Cold-Member

        Messages:
        256
        Likes Received:
        173
        Joined:
        Jul 30, 2012
        Location:
        Williamsburg, Ontario, Canada
        Local Time:
        10:24 AM
        1650 eBay transactions since 1999. Almost all using PayPal. I can't recall ever being screwed by PayPal.
         
        • Like Like x 1
        • pishta

          pishta I know I'm right....

          Messages:
          19,835
          Likes Received:
          9204
          Joined:
          Oct 13, 2004
          Location:
          Tustin, CA
          Local Time:
          7:24 AM
          Love it or hate it, its about as powerful a tool in E-commerce there is. I buy all my parts via paypal, even from China who are taking more and more paypal payments. Western Union? You gotta be kidding....its it like 13% commission? I as buying a electronics package from China and they said they only took bank wire transfers. I told them when they agree to take paypal, get back with me. A week later they accepted paypal and I ended up buying it from them, no problems. Yeah, its got its stories (and I got a few) but it really opens up the buyers base when you accept paypal.
           
        • 694spd

          694spd Well-Known Member

          Messages:
          1,060
          Likes Received:
          379
          Joined:
          May 2, 2014
          Location:
          Upstate NY
          Local Time:
          10:24 AM
          Just finished reading this thread and I was wondering if any of you very active sellers have ever received a 1099-K from PayPal?
          PayPal is required by the IRS to issue you one and send a copy to the IRS if your total amount of such transactions exceeds $20,000 and the aggregate number of such transactions exceeds 200 in a given tax year.
          Understanding Your Form 1099-K | Internal Revenue Service

          Also just beware that several states have a much lower annual dollar amount threshold that will generate a 1099-K

          Here for example, the threshold in Illinois is only $1,000
          https://www2.illinois.gov/rev/research/publications/bulletins/Documents/2020/FY2020-14.pdf

          I have read that in Vermont, Massachusetts, Virginia, and Maryland it is $600 in gross payment volume from sales of goods or services in a single calendar year regardless of the number of transactions.

          Getting a 1099-K will mean that the IRS will want you report and to pay tax on any "profit" from your sales.
          Not the kind of thing you want to find in your mail box....
           
          Last edited: Feb 19, 2021
        • Joey4speed

          Joey4speed FABO Gold Member FABO Gold Member

          Messages:
          1,300
          Likes Received:
          985
          Joined:
          Jul 17, 2018
          Location:
          Coastal NC
          Local Time:
          10:24 AM
          I bet the 2A friendly states have a higher threshold.
          ?
          Another reason to move...
          Its becoming a no brainer to gtfo of the area Im in.
           
        • Princess Valiant

          Princess Valiant Duster specialist FABO Gold Member

          Messages:
          24,138
          Likes Received:
          17463
          Joined:
          Dec 14, 2011
          Location:
          Colorado
          Local Time:
          8:24 AM
          Lot of things here to think about.
           
          • Like Like x 1
          • famous bob

            famous bob mopar misfit

            Messages:
            19,552
            Likes Received:
            8605
            Joined:
            Aug 14, 2011
            Location:
            okla
            Local Time:
            9:24 AM
            There was quite a big deal a few yrs ago about fraud w/on money orders , it seems they are the easiest to steal from , and personal checks ,falling into the wrong hands can bring you a lot of trouble .
            I had a buyer pay me thru wells fargo once , they wouldn`t cash the check , said they had to confirm that he had the coin to cover it , took over a week to get the $$.
            paypal only for me ! Been using it for over 11 yrs. , no problems , other than the dumbasses haven`t used money I had in my account to auto pay for a purchase I
            made , called and told them over and over , still doesn`t do it .
             
          • RustyRatRod

            RustyRatRod I was born on a Monday. Not last Monday. FABO Gold Member

            Messages:
            71,748
            Likes Received:
            46935
            Joined:
            Jun 7, 2010
            Location:
            Georgia
            Local Time:
            10:24 AM
            Then our mission was a success.
             
          • YY1

            YY1 Well-Known Member

            Messages:
            7,724
            Likes Received:
            3357
            Joined:
            Oct 11, 2011
            Location:
            FL
            Local Time:
            10:24 AM
            The main issue with personal checks is that most financial institutions will credit your account, but the funds do not actually clear for up to 10 days.

            If there is insufficient funds, that's when you get the returned check (and any associated fees).

            If a buyer insists on paying with a check, I will allow it (unless I have a bad gut feeling), but I state that I will hold the item for the 10 day check clearing period.
             
            • Like Like x 2
            • 66fs

              66fs FABO Gold Member FABO Gold Member

              Messages:
              5,605
              Likes Received:
              2163
              Joined:
              Sep 9, 2009
              Location:
              Greenwood, South Carolina
              Local Time:
              10:24 AM
              First off, cash is king. USPS money order is fine. If personal check is OK with the correct wait time. I am in no hurry, as long as the money is good. I use PAYPAL for now. eBay wants my SS number to keep my sellers account. I am not giving that out anymore. So I will probably not be selling on eBay anymore. If PAYPAL wants it, I will cancel that also. Suits me fine as most of my interest is A Body Mopars anyway. As a lesson learned, elections are not popularity contests. They have consequences, many are hidden until the crooks are in power.
               
              • Agree Agree x 2
              • oldkimmer

                oldkimmer FABO Gold Member FABO Gold Member

                Messages:
                19,114
                Likes Received:
                6320
                Joined:
                Nov 11, 2006
                Location:
                Kindersley, Saskatchewan,
                Local Time:
                9:24 AM
                I have bought and sold many thousands of dollars thru p/p. Up here selling used parts is not considered income cause u bought them with money that u have already been taxed on. Even the new stuff I sell the tax has been paid. It I suppose like anything else that will come to an end. Used vehicals over $3000.00 are taxed every time their sold. If that used vehical gets sold 10 times, it’s taxed ten times. Kim
                 
              • oldkimmer

                oldkimmer FABO Gold Member FABO Gold Member

                Messages:
                19,114
                Likes Received:
                6320
                Joined:
                Nov 11, 2006
                Location:
                Kindersley, Saskatchewan,
                Local Time:
                9:24 AM
                So far I haven’t found a better alternative to pay pal. Most of the stuff I sell goes to the USA. I can take a moneygram (not western union). Most ppl don’t want that hassle either. I can take an E transfer as long as it is in Canada. P/p has upped the exchange rate this year also. They have even started charging if u have to refund a payment. So if I take a p/p payment of $200.00 usd I get approximately $176.00 usd. Kim
                 
              • DionR

                DionR Well-Known Member

                Messages:
                2,408
                Likes Received:
                400
                Joined:
                May 7, 2008
                Location:
                Spokane, WA
                Local Time:
                7:24 AM
                One option that just occurred to me is a method that I have used to pay for RockAuto parts.

                RockAuto used to have the option to go to a bank of your choosing and make a deposit in their account. They even gave you a deposit slip. I did this a couple of times and wondered if I could use this method myself, but never did look into it further.

                I certainly wouldn’t keep money in the account but if you closed it or kept it empty would it work? Find a bank that is nation wide, open an account and then tell the buyer to deposit the funds in that account. Move the money out and maybe even close the account and then send the parts.

                No idea if there are legal issues with the idea, like maybe it could be viewed as money laundering?

                Maybe the account is a sub account of a main one? That way you aren’t completely opening and closing new accounts every time, more just a temp account?

                Not sure how RockAuto did it, or even if they still give the option.

                Just a thought.
                 
              • oldkimmer

                oldkimmer FABO Gold Member FABO Gold Member

                Messages:
                19,114
                Likes Received:
                6320
                Joined:
                Nov 11, 2006
                Location:
                Kindersley, Saskatchewan,
                Local Time:
                9:24 AM
                Dion, I never thought of that. Thanks. Kim
                 
              • famous bob

                famous bob mopar misfit

                Messages:
                19,552
                Likes Received:
                8605
                Joined:
                Aug 14, 2011
                Location:
                okla
                Local Time:
                9:24 AM
                \The other thing is, anyone that handles it can get ur bank account number !
                 
                • Agree Agree x 1
                • 64DartGTinAZ

                  64DartGTinAZ FABO Gold Member FABO Gold Member

                  Messages:
                  2,645
                  Likes Received:
                  779
                  Joined:
                  Aug 14, 2010
                  Location:
                  Phoenix
                  Local Time:
                  7:24 AM
                  Bitcoin ;-)
                   
                • rbkt65

                  rbkt65 FABO Gold Member FABO Gold Member

                  Messages:
                  812
                  Likes Received:
                  445
                  Joined:
                  Dec 25, 2017
                  Location:
                  illinois
                  Local Time:
                  9:24 AM
                  as far as the 1099 from pp. i got 1. my sister-in-law does our taxes. she is having a rough time getting the pp amount i sold to go in . it is a hobby for me. the irs wants my business stuff. it ain't a business. my stuff is stuff i got over the years. they want receipts and cost and stuff. i don't have that shit. not sure how she is going to get it done. pp may be trouble than it is worth to some people. maybe call the irs to find out what to do. another thing is that if you try to make your monthly payment to them using your debt card, they wont take it on line unless you pay a 10.00 fee or if you call them to make a payment by phone, it costs you 2.9% plus 0.30 per transaction. they got you by the azz either way. my bank has bill pay and pp wont accept that.
                   
                1. This site uses cookies to help personalize content, tailor your experience and to keep you logged in if you register.
                  By continuing to use this site, you are consenting to our use of cookies.