Why do some in BST request F&F only?

[LordKingOf (Ryno)]

If someone is willing to cover the fees for G&S why does it matter? I feel like I’m missing part of the reasoning here.

[Tshou (Elijah)]

wait sorry, can you explain what F&F is to those that don’t know? (me lol)

[basicboy]

F&F is a payment via paypal
No fees to pay but also means no buyer protection.

G&S is a payment via paypal
It has fees to pay depending on the recivers location and the buyer is protected

[Lido (Jordan)]

Good and Services = G&S
Friends and Family = F&F

[spyder-man (Joshua (Spyder-Man) Richardson)]

If you do a lot of transactions with PayPal - there was a change last year maybe - that they report the G&S transactions and it becomes taxable income. So while G&S protects the buyer - and costs the seller an additional 3-4% (which is why many who will accept G&S ask for that adder) it could still be reported as taxable income to them if they sell a lot. I think it’s like $600 a year - so not much before you hit that and PayPal reports it to the IRS (because they have to).

[mikeydoe]

Edit: welp

[Ferrari607 (Pasquale T)]

Over 2500 on PayPal you will have to pay taxes . Starting 2026 over 600$ in sales will require you to file it on your taxes. PayPal will send tax forms if you pass those amounts. So that’s y people should get their rep check pages so in future you can avoid the taxes

[kretzschmar]

How much are the hypothetical taxes. Like, in 2026, if I sell $1000 in yoyos, how much am I paying to the govt come tax time?

[dooder]

Agreed it shouldn’t be an issue but usually it’s due to some kind of fraudulent reason, either cheating the buyer/trader or tax evasion.

[LupinIII]

Depends on whether you made a profit on the sales.

Sell $1,000 in yoyo’s that you originally paid $1,500 for? No tax due.

Sell $1,000 in yoyo’s that you originally paid $500 for? You’ll owe taxes on the $500 gain. How much those taxes are depends on your own tax rate and how long you owned the items.

I imagine for the large majority of people here, they’re losing money on sales, maybe breaking even at best.

[LordKingOf (Ryno)]

Thank you for all the responses, I figured it was a tax issue. Appreciate it!

[kretzschmar]

Thank you. Very helpful. I doubt my turbo tax has a place for me to get specific with things, so I’m probably gonna regulate myself to the 600 cap

[Exmime]

Lots of discussion over this topic

Friends and Family only.. compiling a list>

I scroll down the Board just about every day. I’m always looking for something interesting. As often as not, what turns out to be ‘more interesting’ than the yo-yos for sale, is the increasing number of people selling yo-yos that specifically state ‘friends and family only’. I have noticed the subtle change. First it was goods and services. Then, goods and services or friends and family, g and s preferred. Then…. Friends and family preferred or buyer pays the g and s fees. Then, friends and f…

PayPal friends and family(again)

This has been mentioned like an ‘annual topic; I know. It I am just bringing it up again because I have noticed an ‘uptick’ in the suggested use in BST posts recently. We are obviously a community’. But that being said; most of the people on this forum are not friends. Most of us may be on friendly terms with one another. But we are not necessarily friends. Many guys know each other more by screen names than real names. And just as many have limited knowledge of the age of others or even wha…

Why F & F only?

Some ‘thoughts/concerns’ on this subject, come up several times a year, but the puzzlingly curiosity prevails, so here we go again…> There was a time a few years back, when the IRS tried throwing a big wrench into the transmission by suggesting that people making over a certain amount of money on internet transactions would be subject to paying taxes on the capital they generated. ….At the time it seemed somewhat understandable. Seems they are perpetually focused on Squeezing money out of us. …

Friends and Family only.. compiling a list>

@yoyodoc I also want to reiterate that F&F is not free, the Friend sending the money pays the fees so the Friend or Family member who is broke and needs that scratch can recieve the full amount. My speculation is that this current F&F trend over G&S won’t be substantial and F&F abusers will be reported or picked up by a data algorithm and get on the IRS radar for fraud. Especially users that have a lot of transactions. Again there is alway risk with any transaction. I wouldn’t be surprised that…

[LupinIII]

You’ll get a 1099-K from PayPal if you exceed the limit. I don’t use Turbotax but I’m certain they have a place for you to fill out info from that filing.

Anyone who sells a lot on eBay, Etsy, etc. gets the same thing.

[LordKingOf (Ryno)]

Do you knowing it is automatically sent out or something you have to specifically request

[LupinIII]

You should get an email notification from the payment services or marketplaces you use if they have one for you.

But you could always check for yourself around late January each year, all of these sites have a tax documents page for your account.

[LordKingOf (Ryno)]

Thank you very much for the heads up on this

[yoyojoe]

As someone who tracks all of his purchases and sales it can kind of be a pain. I just throw everything in a google sheet but trade deals make it a little weird.

[YoyoTurtle]

Yeah it is weird.
I feel the same when people only want to ship conus.

[LordKingOf (Ryno)]

I kind of get that, the header in the BST forum says price should include shipping. Shipping within your country versus to different continent can be a big price difference