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Paypal is now 4.2%

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Old 05-22-2007, 06:56 PM
  #21  
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Default Re: Paypal is now 4.2%

Originally Posted by AgentMurdoc
also if you sell more than 5k a year on ebay, you will have to report that to the irs as income

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Old 05-22-2007, 07:03 PM
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Default Re: Paypal is now 4.2%

i quit using paypal, its convenient but i dont see how paying that high of a percentage is worth it, its becoming a ripoff
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Old 05-22-2007, 07:05 PM
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Default Re: Paypal is now 4.2%

Originally Posted by AgentMurdoc
also if you sell more than 5k a year on ebay, you will have to report that to the irs as income

http://politics.slashdot.org/article.../04/14/0736228




They are trying to pass a law. It wont happen. They also tried to get people to pay taxes over state lines via ebay/internet sales for years



Hell most people I know sell well over 5g+ a year on ebay and just sell old stuff they don use anymore
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Old 05-22-2007, 07:07 PM
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Default Re: Paypal is now 4.2%

I sold 10k in a month or two on ebay, and don't plan on claiming it. Why should I have to and how will they know about the money? It wasn't even my paypal account, was an account of a close friend.
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Old 05-22-2007, 07:16 PM
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Default Re: Paypal is now 4.2%

Originally Posted by Jorsher
I sold 10k in a month or two on ebay, and don't plan on claiming it. Why should I have to and how will they know about the money? It wasn't even my paypal account, was an account of a close friend.


WEll the problem arises in how much do you buy and loss money on selling and then have to slap tax on it. Most stuff on ebay is old stuff people have had and moved on and using that old part to buy a new part. The law wont pass it will make things way to compicated and people who use ebay/amazon/yahoo auctions ect will cease and a large part of our economy is gone







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Old 05-22-2007, 07:25 PM
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Default Re: Paypal is now 4.2%

http://arstechnica.com/news.ars/post...-auctions.html
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Old 05-22-2007, 07:42 PM
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Default Re: Paypal is now 4.2%

well from the looks of it 2007 is clear. 2008 well maybe a different story. Sell now tax free. 2008 if this passes ebay/paypal/amazon etc will be bankrupt within 5 years




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Old 05-23-2007, 08:43 PM
  #28  
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Default Re: Paypal is now 4.2%

I am a licensed merchant that accepts CC's directly and I pay 2.3% in fees. On top of that when a bogus chareback is placed I fight them myself and I have had only 2 in 5 years. How many disputes have you had with paypal in the past month?

PAYPAL IS A RIPOFF, HAS BEEN, ALWAYS WILL BE.

WWW.PAYPALSUCKS.COM

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