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Paypal threat?

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I will not buy, or sell items as a gift, and i do both fairly often. I like people to have confidence in the items i sell. Also, how hard is it to post items for sale with all the fees and shipping charges included? On the buying end, i would never gift money to buy something. I would rather pay a few percent more, and be able to file a claim, if something goes south. People that complain about paypal should try dealing with the credit card companies.
 
I think that asking for the 3% on top of a sale price is also beyond their user agreement.
 
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The system abuses me, so I will abuse the system as long as I can. Fvck the system.

Charge 3% more and do business the "right" way...problem solved.

You may also want to look into their new tax reporting policy. ;)

Its kind of scary that paypal is big enough now that they can afford to pay someone 40hr/wk at minimum wage (or maybe overseas?) to snoop on users activity.

I highly doubt that. More than likely it's just some simple database triggers.
 
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It's a known fact, and yes, it's true, admit it, that DSMers like to nickle and dime everything.

This 3% is just another level of the same thinking we're used to in this community. I also typically add the 3% when I buy stuff for security purposes. Which, from reading on several websites, may not even get me anything because Paypal screws you when you say that somebody stole your money and Paypal's "claims dept." does nothing about it.
 
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Send it as payment for goods or a gift your SOL on getting ## money back. If that person doesnt have anything in there paypal acount you wont get a dime back. In other words, If you send someone money and they transfer it to there bank account. By time you file with paypal the money will clear there bank, paypal balance will be 0 and your SOL. Paypal cant withdraw funds from there bankacount without there permission to refund your money. Paypal is not a court. So if someone is trying to rip you off theres nothing you can do about it regardless of how you send the money
 
Which, from reading on several websites, may not even get me anything because Paypal screws you when you say that somebody stole your money and Paypal's "claims dept." does nothing about it.

That is something that has happened to me twice before. I honestly hate paypal with a passion. All the people who think that by paying the 3% fees, they are gaining security and the ability to file a dispute and all that, etc. is just funny to me. Paypal will screw you either way. It is much more important to just find a good seller than anything. Whether you are gifting items or paying the 3%.

On my personal account, I noticed that since I did not link a bank account paypal still charges the % fee even for GIFTS.

It constantly reminds me every time that I login, that if I add a bank account those fees would dissapear. Guess what? I don't care. Paypal will never have access to my bank account again. After how many times they have screwed me. Never again. The real security that I get with paypal, is due to my credit card. If something happens, I can call them up and file a claim with them. That's the only way I've ever truly gotten my money back.

You know its bad when you file a dispute and WIN, and then paypal is like "derp sorry, we couldn't get the funds back, your SOL. Even though we said you would be protected. derp"


Unfortunately I have to continue using paypal, due to its major monopoly on the "online payment" market.
 
7"exhaust_tip;152648834 said:
That is something that has happened to me twice before. I honestly hate paypal with a passion. All the people who think that by paying the 3% fees, they are gaining security and the ability to file a dispute and all that, etc. is just funny to me. Paypal will screw you either way. It is much more important to just find a good seller than anything. Whether you are gifting items or paying the 3%.

On my personal account, I noticed that since I did not link a bank account paypal still charges the % fee even for GIFTS.

It constantly reminds me every time that I login, that if I add a bank account those fees would dissapear. Guess what? I don't care. Paypal will never have access to my bank account again. After how many times they have screwed me. Never again. The real security that I get with paypal, is due to my credit card. If something happens, I can call them up and file a claim with them. That's the only way I've ever truly gotten my money back.

You know its bad when you file a dispute and WIN, and then paypal is like "derp sorry, we couldn't get the funds back, your SOL. Even though we said you would be protected. derp"


Unfortunately I have to continue using paypal, due to its major monopoly on the "online payment" market.

Exactly.

Like I said earlier, fvck the system. :hellyeah:
 
Send it as payment for goods or a gift your SOL on getting ## money back. If that person doesnt have anything in there paypal acount you wont get a dime back. In other words, If you send someone money and they transfer it to there bank account. By time you file with paypal the money will clear there bank, paypal balance will be 0 and your SOL. Paypal cant withdraw funds from there bankacount without there permission to refund your money. Paypal is not a court. So if someone is trying to rip you off theres nothing you can do about it regardless of how you send the money

I have used paypal for years, and tens of thousands of dollars worth of transactions. I have filed 1 claim that entire time. The same week i filed the complaint, i received my money. I'm sure others have had a less than stellar experience, but from my point of view, i can say nothing bad about the claims process. Now the time i was double charged and my bank account drained, is another story. Let me say, they were very slow to correct their mistake.
 
This was already said by myself in a post in a Private forum, but I'll say it again here.

I'm not sure if you knew but Paypal changed their policy January 1 of this year to state that if you sell over $20k gross AND have over 200 incoming transactions (doesn't matter how big or small) in a calendar year, they're required to submit your info to the IRS to be taxed.

Now that means you'll be taxed on the WHOLE amount. For a guy like me trying to make $50 here and there selling turbos to someone, that's a huge deal....they'll tax me on the entire selling price including what I pay to ship to the customer. They don't care if I got the turbo for free or I'm selling it for less than I paid for it.

So now Paypal, which charges 3% on EVERY transaction (even if it's Paypal credits which already have been charged 3% from another user), is going to submit my information to the IRS so I can be taxed accordingly....where I'll proceed to lose $100 or so in tax money on the deal. F*ck that.

Rules have changed for me- I'm not paying $20k in backed taxes to make some DSMer happy for finding him the turbo he wants in exchange for $50 of my time. From now on it's back to money orders or cashier's checks...the same thing I used on eBay years ago before Paypal existed.

Of course I still have the option of using Paypal up to the 200 transaction mark....but from now on my buyer(s) will be responsible for any and all fees associated with getting the payment to me. I'm tired of handing money over to a company that is going to dry-f*ck me in the ass when it's all said and done.

Basically limits you to $100 total every transaction. Now the majority of my transactions are over $150, but some are only $10 or $20 where guys pay me to ship stupid parts like thrust plates and stuff or return shipping to get their scrap turbos back to them where I'm basically making NOTHING aside from the satisfaction of helping someone out. Well that shit's gonna stop....if it's not a worthwhile transaction, I'm not even going to acknowledge it's existence. The petty $10 transactions are still counting toward my transaction count.

Paypal itself is making the dollar less valuable by taking 3% of each payment you send. Say someone starts out by putting $150 in their Paypal account from their bank account and sends me a payment for $150 for a turbo repair....Paypal takes 3% of that. Now I decide I'm going to buy some turbo parts....Paypal took 3% of that payment I sent as well. The guy I bought the turbo parts from needs to buy sex toys- you guessed it, they took another 3% from him- and so on and so forth until the money is gone. It's a huge scam. Once the money is in their system it should never be charged a fee unless you're paying by credit card.
 
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This was already said by myself in a post in a Private forum, but I'll say it again here.

I'm not sure if you knew but Paypal changed their policy January 1 of this year to state that if you sell over $20k gross AND have over 200 incoming transactions (doesn't matter how big or small) in a calendar year, they're required to submit your info to the IRS to be taxed.

Now that means you'll be taxed on the WHOLE amount. For a guy like me trying to make $50 here and there selling turbos to someone, that's a huge deal....they'll tax me on the entire selling price including what I pay to ship to the customer. They don't care if I got the turbo for free or I'm selling it for less than I paid for it.

So now Paypal, which charges 3% on EVERY transaction (even if it's Paypal credits which already have been charged 3% from another user), is going to submit my information to the IRS so I can be taxed accordingly....where I'll proceed to lose $100 or so in tax money on the deal. F*ck that.

Rules have changed for me- I'm not going paying $20k in backed taxes to make some DSMer happy for finding him the turbo he wants in exchange for $50 of my time. From now on it's back to money orders or cashier's checks...the same thing I used on eBay years ago before Paypal existed.

Of course I still have the option of using Paypal up to the 200 transaction mark....but from now on my buyer(s) will be responsible for any and all fees associated with getting the payment to me. I'm tired of handing money over to a company that is going to dry-f*ck me in the ass when it's all said and done.

Basically limits you to $100 total every transaction. Now the majority of my transactions are over $150, but some are only $10 or $20 where guys pay me to ship stupid parts like thrust plates and stuff or return shipping to get their scrap turbos back to them where I'm basically making NOTHING aside from the satisfaction of helping someone out. Well that shit's gonna stop....if it's not a worthwhile transaction, I'm not even going to acknowledge it's existence. The petty $10 transactions are still counting toward my transaction count.

Paypal itself is making the dollar less valuable by taking 3% of each payment you send. Say someone starts out by putting $150 in their Paypal account from their bank account and sends me a payment for $150 for a turbo repair....Paypal takes 3% of that. Now I decide I'm going to buy some turbo parts....Paypal took 3% of that payment I sent as well. The guy I bought the turbo parts from needs to buy sex toys- you guessed it, they took another 3% from him- and so on and so forth until the money is gone. It's a huge scam. Once the money is in their system it should never be charged a fee unless you're paying by credit card.

Well said Justin.

It's a shame because this can hurt a lot of sellers - not just from DSMTuners but from all over the internet. :(
 
Well said Justin.

It's a shame because this can hurt a lot of sellers - not just from DSMTuners but from all over the internet. :(

You're the very guy I was thinking about when I first read that email. I said to myself, this guy must be getting bomb threats from Paypal. ROFL
 
I know the tax thing isn't really Paypal's fault....I'm sure the IRS has been up their ass for years- but it's just the straw the broke the camel's back over a payment system that I have not been happy about for a while now.

You're the very <strike>guy</strike> girl I was thinking about when I first read that email. I said to myself, this <strike>guy</strike> girl must be getting bomb threats from Paypal. ROFL
Fixed. ROFL
 
Paypal is just another twisted scam. I recently sold a set of hks 264 cams to someone actually on this forum, they had 3000 miles on them with literally no damage. 4 weeks after i sold them i receive them back in the mail and my paypal account balance was negative $225 and i had an one email that merely stated that the buyer was not satisfied with the "as is" purchase and that they could not even be reground. so i had no choice but to pay paypal back without even being able to dispute the issue. Oh ya and i sold them for 100 bucks to another guy on this forum (my buddy) and he cleaned them and put them in his car with no problems...
 
Sounds like we all need to go back to the good ol' days and use cashiers checks and money orders. Too bad people are so intrenched is scamming, lying and thieving, we never can. I've never used Paypal, but if I did, I wouldn't try and get around a 3% fee. That's pathetic.

You want a service, you have to pay for it. That's simple, everyday common-sense. But I understand DSMers want a fully-built '99 GSX with 20k on the chassis for $2,000. So this thread is truly no surprise.
 
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Sounds like we all need to go back to the good ol' days and use cashiers checks and money orders. Too bad people are so intrenched is scamming, lying and thieving, we never can. I've never used Paypal, but if I did, I wouldn't try and get around a 3% fee. That's pathetic.

You want a service, you have to pay for it. That's simple, everyday common-sense. But I understand DSMers want a fully-built '99 GSX with 20k on the chassis for $2,000. So this thread is truly no surprise.

Last time I used the 'Good Ole Days' method, I lost $650 to a guy in Florida. It's sad, but we need companies like Paypal to at least add some wall of defense, however feeble it may be.

I say go on, be greedy, add 3%. It's better than losing money every time you deal with trying to buy a valve cover.
 
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Last time I used the 'Good Ole Days' method, I lost $650 to a guy in Florida. It's sad, but we need companies like Paypal to at least add some wall of defense, however feeble it may be.

I understand. I know we can't ever get back to that. Face-to-face is the best way to avoid issues. But then our buying market is shrunk. It's a tough world out there right now.
 
This was already said by myself in a post in a Private forum, but I'll say it again here.

I'm not sure if you knew but Paypal changed their policy January 1 of this year to state that if you sell over $20k gross AND have over 200 incoming transactions (doesn't matter how big or small) in a calendar year, they're required to submit your info to the IRS to be taxed.

Now that means you'll be taxed on the WHOLE amount. For a guy like me trying to make $50 here and there selling turbos to someone, that's a huge deal....they'll tax me on the entire selling price including what I pay to ship to the customer. They don't care if I got the turbo for free or I'm selling it for less than I paid for it.
.....

Partially true, but everything you mentioned is a business expense. The form you should receive for the amount should be 1099-MISC. You do not pay tax on the entire $20,000 if your filing your return properly. The $20,000 income should be reported on schedule C as business income (Line 12). You pay tax on the net income not gross income. Get yourself a professional tax preparer if you haven't been doing this.

Your $20,000 income minus your expenses 9,000 (supplies,shipping,paypal fee,etc.).. net income equals 11,000. The kicker is though you have to pay social security tax, medicare tax, and income tax on this income.

SS + medicare = 13.3%
Typical working class income tax rate = 25%
So, the total tax rate you will be paying on this $11,000 will be 38.3%, which equals ~$4,200.
 
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I understand. I know we can't ever get back to that. Face-to-face is the best way to avoid issues. But then our buying market is shrunk. It's a tough world out there right now.

It'd be a wonderful world to be able to get what we needed face to face. Honestly - Any time that I've been able to complete a transaction with a fellow DSMer face to face, I've taken that opportunity. I highly suggest face to face dealings. You can get a good bearing for if they're being truthful or not, and a lot of times you have better than expected outcomes.

Either way, services like Paypal are what we've got. Until we find an alternate solution, that's what we're stuck with. You either use Paypal's incredibly Buyer Biased services, send money orders out and pray you get your part, or you drive to pick up your parts. You decide.

:p



Yes, my boyfriend and I both use this name.


Indeed. Great people. Haha. It's also plastered right in the signature.

Also, that cat looks JUST like mine.
 
Last time I used the 'Good Ole Days' method, I lost $650 to a guy in Florida.
True, but a well-educated buyer should not lose a dime in a transaction. I have one of the highest trader feedbacks on the site- obviously I'm not going to scam you so there is no reason you couldn't trust someone like me with a money order / cashier's check.

I've had only 3-4 Paypal claims ever filed since the first back in 2007, and oddly enough every single one was over an eBay transaction. All-told, had I not had Paypal on my side during those transactions, I stood to lose around $600 total. Now factor in the couple grand I've undoubtedly shelled out in Paypal fees over that amount of time for their false sense of "security", and you'll really see who the theif is.
 
True, but a well-educated buyer should not lose a dime in a transaction. I have one of the highest trader feedbacks on the site- obviously I'm not going to scam you so there is no reason you couldn't trust someone like me with a money order / cashier's check.

I've had only 3-4 Paypal claims ever filed since the first back in 2007, and oddly enough every single one was over an eBay transaction. All-told, had I not had Paypal on my side during those transactions, I stood to lose around $600 total. Now factor in the couple grand I've undoubtedly shelled out in Paypal fees over that amount of time for their false sense of "security", and you'll really see who the theif is.

Completely understandable. One point that I am obligated to point out is that while negating you are a moderator, you are a well established member who, in fact, has several transactions on your name. Someone who is not trustworthy simply wouldn't last that long. Also, we must rate that you make a business out of the DSM community's need of high quality turbo rebuilds and distribution. You have a very vast array of opportunities to make transactions. We can't simply base trust off of 'whoever has the most feedback is the best'. People like myself have submitted 20+ transactions and have a single digit to show for it. Some have less, and everyone has to start somewhere. It kind if places a bias on "Well, you only have 5 feedback score, and though all positive, I'm going to have to pass". This does little to nothing on your first section, but I wanted to toss it out there.

As for paypal... yeah. I agree. We all have our outlook on it. They're charging you for a service, and a lot of times as a seller you risk being screwed over if the buyer wants to be a complete ass. It is, however, what we have. Same goes for fuel prices. We rely on it, it's our service, and they can adjust the price however they want. As long as it's the main source of what we need we'll pay into it. Until someone comes up with a legitimate alternative to Paypal and their fee's, it's a service we'll dive into. Finding reputable people to deal with who has the exact thing you want at the best price isn't always easy when there's a guy with 9 feedback score sitting over there with the part $40 cheaper than the 'reputable' member.
 
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