Anybody use Paypal ?

[grsthegreat]

Have not read all the posts and someone may have already mentioned that the U.S. Government is starting to monitor transactions over $600.00 effective 1-1-2022. My understanding is they will then send 1099 statements at year end for the total of these receipts via Paypal, Venmo etc.

Edit:

I believe they nixed this. As far as i know they wont be doing this. But i claim everything i sell as this is part of my business, so even if they do i could care less.

my customers seem to prefer using a credit card, and i dont have to bother going into town to deposit the checks.

 

[kcflhrc]

Lots of folks using Venmo now

 

[npalen]

Most online businesses collect sales taxes now

This would be for INCOME tax purposes but it also may be a way for uncle to make sure sales tax is being collected.

 

[Jchonline]

Yes it is. I used to sell there several years ago, but not recently. Selling is different. I cannot comment about that since it has been so long.

I have pretty much stopped using eBay entirely. Amazon has shorter delivery times and seems more efficient. I also think PayPal and eBay are now one in the same. I think PayPal bought eBay many years ago.

Funny..yes ebay and paypal did combine a few years back..but they recently split again!

Same for me, the only thing I have bought off of ebay in the past 5 years is 1 refrig filter...and it was false advertising. Pictures/description for filter A but they shipped a completely different one. I was able to return it...but that is it for me. No more buying on eBay. I do still sell though.

 

[npalen]

I believe they nixed this. As far as i know they wont be doing this. But i claim everything i sell as this is part of my business, so even if they do i could care less.

my customers seem to prefer using a credit card, and i dont have to bother going into town to deposit the checks.

You may be right on the "nixing" as several other issues have been pulled out of the spending bill if I understand correctly.

 

[DK35vince]

We've used PayPal for years, no issues at all. Actually feel like it provides an extra layer of security when ordering from some sites.

Same here.
I buy online a lot.
I much prefer using Paypal vs credit card to pay so I don't need to give out my CC number.
Never an issue

 

[LouNY]

I still use E-Bay and PayPal.
Never had many issues, what I did have got resolved.
I will have to admit it seems like much of what shows up on E Bay any more
seems to be new smaller items similar to what you find on Amazon.
I have gotten some used parts, truck rims and such for a decent price
and a clutch intermediate shaft for a Farmall H.

 

[bdhsfz6]

Like others here, I've been using PayPal & eBay for over 20 years without issue. It's only a matter of time before some low life hacks their database though. To protect myself, I have PayPal linked to a low balance checking acct. used only for that purpose. I linked my main Visa card as well to take advantage of the rewards. The Visa fraud policy provides protection from unauthorized use.

I used to sell a lot on eBay but not so much now. The high shipping costs pretty much put me out of business.

 

[Manhattan]

Lots of folks using Venmo now

I use Venom with zero issues.
PayPal is Anti 2A so I don't use them.

 

[jyoutz]

I just had a great pay pal experience. I had ordered a product online and never received an email confirmation or tracking information. Fortunately I used Pay Pal. The seller charged to my account. I contacted Pay Pal last week to report that this transaction seemed flaky and filed a dispute. After one week, they contacted me today to inform me that they would be crediting my account for that purchase. If I had used any other payment, getting refunded would have been more difficult or not at all.