What do y'all use to sell your items

[PAdiggertom]

What I'm really meaning is what do you all use to receive payment? Do you use PayPal and if so are you using a personal account or business account ? I'm not sure which one I need.

 

Amazon Forum Fav 👍

Agony and Death on a Gold Rush Steamer: The Disastrous Sinking of the Side-Wheeler Yankee Blade - Grab it through Amazon!

[SittingElf]

PayPal for most online, but you can also get a Square account for free with the card reader for a smart phone (square.com). Then you can accept major credit cards yourself.
PayPal will take 2.9% of any money transferred and higher for international or cc transactions. Square is 2.75% for a card read directly, or 3.5% +15cents for keyed-in transactions.
Great to have when you're doing a garage sale, or flea market with higher priced items that potential customers may not have cash for, but will buy with a card.
One problem with PayPal is that the sender has to have a PayPal account, and some people just don't want to sign up.
I deposit checks same day electronically, but hold shipping for 7 days to insure clearance.

 

[RustyGold]

PayPal is what I use. I started with PayPal because they were tied together as a payment option with my eBay account.
I believe it’s not a business account though.
My experience has been faultless using PayPal. Easy to pay and get paid. Good luck!

 

[diggummup]

I've used Paypal on many different websites to buy and sell items. It's all I use, except when I send money to my mom using Zelle.

 

[zombieraccoon]

I sell most media and new in the package items on Amazon, they handle everything well, and jusr deposit the money to my bank account. Most jewelry, tupperware, and old knicknacks that arent worth a lot on ebay I sell on Etsy, there I use their payment system, as well as PayPal, most other things I sell on Ebay, with PayPal as my only option there. I do have a couple websites I share with a friend as well, there we accept everything. 29% comes from Amazon payments, 11% skrill, 2% bitcoin, 41% paypal, 7% Google Checkout. Definitely Amazon Payments and Paypal are the big ones, But if you look at payments from overseas they are about a 50/50 split between Skrill and PayPal

 

[smokeythecat]

I use Paypal but I mostly buy stuff I don't need. I rarely sell anymore, it's become a hassle. Today I bought two antique marbles of all things.

 

[Gare]

Just be aware when you receive money from Paypal the irs is notified also

 

[diggummup]

Just be aware when you receive money from Paypal the irs is notified also

That's a pretty broad statement. Let me break it down for you.
First of all you are supposed to report any additional income to the IRS to begin with.
As far as paypal goes, the IRS is only notified when you have sales of more than 20k and over 200 transactions for the year combined.

 

[Indigo Knight]

As far as paypal goes, the IRS is only notified when you have sales of more than 20k and over 200 transactions for the year combined.

There is a major exception to this rule that just took effect for last tax year. If your account is registered in Massachusetts or Vermont, the threshold is a mere $600. Supposedly PayPal is only reporting to these state governments, but the 1099-K form they sent out for 2017 is the federal one.

To answer the original question, I use PayPal for eBay and Amazon payments for Amazon. When trading on forums I take money orders and checks from members with sound reputations. At the flea market and on craigslist I take cash only.