Venmo who has it.
#3095823
11/20/22 04:13 PM
11/20/22 04:13 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3095825
11/20/22 04:18 PM
11/20/22 04:18 PM
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Joined: Feb 2015
Posts: 2,070 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,070
CA
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments Zelle is better Venmo is an arm of paypal. I pay a landscaper via venmo. I'll never accept money via them.
Last edited by crackedback; 11/20/22 04:19 PM.
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Re: Venmo who has it.
[Re: crackedback]
#3095832
11/20/22 04:58 PM
11/20/22 04:58 PM
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Joined: May 2005
Posts: 4,707 Florida
BDW
master
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master
Joined: May 2005
Posts: 4,707
Florida
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments I'll never accept money via them. Why?
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Re: Venmo who has it.
[Re: BDW]
#3095879
11/20/22 09:27 PM
11/20/22 09:27 PM
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Joined: Nov 2006
Posts: 4,720 Star Idaho
67vertman
master
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master
Joined: Nov 2006
Posts: 4,720
Star Idaho
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I use both. I do prefer Zelle over Venmo, as I can transfer the fund same day. Venmo usually is next day.
Make sure the funds go thru and transfer them into your bank account ASAP! I never leave any monies in their Apps
My Monster are real!
Living within your means makes life pretty easy.
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Re: Venmo who has it.
[Re: 67vertman]
#3095882
11/20/22 09:38 PM
11/20/22 09:38 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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I use both. I do prefer Zelle over Venmo, as I can transfer the fund same day. Venmo usually is next day.
Make sure the funds go thru and transfer them into your bank account ASAP! I never leave any monies in their Apps Thanks. I do that with PayPal to. Then when I order something from like summit they take money out of my checking.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: 340Cuda]
#3096065
11/21/22 03:17 PM
11/21/22 03:17 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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I signed up yesterday and used it today. All seemed to go fine. Thanks guys.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3096081
11/21/22 03:49 PM
11/21/22 03:49 PM
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Joined: Nov 2006
Posts: 4,720 Star Idaho
67vertman
master
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master
Joined: Nov 2006
Posts: 4,720
Star Idaho
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I signed up yesterday and used it today. All seemed to go fine. Thanks guys.
Being an "older guy" it took some use getting used to using it, darn the was a lot of variations on use, but I like that I can get notification of the monies being sent.
My Monster are real!
Living within your means makes life pretty easy.
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Re: Venmo who has it.
[Re: Rhinodart]
#3096242
11/22/22 08:23 AM
11/22/22 08:23 AM
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Joined: Apr 2005
Posts: 4,916 new berlin wisconsin
Mr T2U
master
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master
Joined: Apr 2005
Posts: 4,916
new berlin wisconsin
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i won't accept payment from either one unless i personally now the sender. note ------ i RARELY use Venno and never used Zelle. both are tools used by scammers to get the part you are selling without you actually getting the $$$. Venmo is especially bad for this.
Last edited by Mr T2U; 11/22/22 08:23 AM.
perception is 90% of reality
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Re: Venmo who has it.
[Re: Mr T2U]
#3096274
11/22/22 11:17 AM
11/22/22 11:17 AM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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This is one thing I could never understand. I’ve had paypal longer than I can remember and use it often and have never has an issue. Some guys could write a book on the problems. Same with facebook. I have friends that have been hacked over and over. One of life’s unexplained questions.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3096297
11/22/22 12:44 PM
11/22/22 12:44 PM
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Joined: Jan 2003
Posts: 15,548 Norwich CT USA
moparts
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,548
Norwich CT USA
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I have used PayPal for years and thousands of transactions going both ways with zero problems
I also have received payments by Venmo with no problems , How is it that someone could scam you with Venmo ? Since Venmo is basically PayPal light , same company but all Venmo payments are like PayPal "Friends and Family" ??
Now using Cash App has been fine for me also receiving payments , Only thing is when you transfer money out they sit on it for a few days, where PayPal and Venmo do it over night
Tom ,
2011 Ram 3500 C&C Diesel 2009 Challenger R/T 1971 Challenger Conv. 511/4 speed 1970 Challenger R/T 503/727
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Re: Venmo who has it.
[Re: moparts]
#3096319
11/22/22 02:00 PM
11/22/22 02:00 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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I have used PayPal for years and thousands of transactions going both ways with zero problems
I also have received payments by Venmo with no problems , How is it that someone could scam you with Venmo ? Since Venmo is basically PayPal light , same company but all Venmo payments are like PayPal "Friends and Family" ??
Now using Cash App has been fine for me also receiving payments , Only thing is when you transfer money out they sit on it for a few days, where PayPal and Venmo do it over night Venmo did deduct a small fee out of the money I received and I’m cool with that. I always refused to you the friends and family on PayPal too. Small fee to have some protection.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3096394
11/22/22 07:46 PM
11/22/22 07:46 PM
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Joined: Jan 2003
Posts: 20,169 Park Forest, IL
slantzilla
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 20,169
Park Forest, IL
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This is one thing I could never understand. I’ve had paypal longer than I can remember and use it often and have never has an issue. Some guys could write a book on the problems. Same with facebook. I have friends that have been hacked over and over. One of life’s unexplained questions.
Well, you are ways in FB jail.
"Everybody funny, now you funny too."
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Re: Venmo who has it.
[Re: slantzilla]
#3096405
11/22/22 08:42 PM
11/22/22 08:42 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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This is one thing I could never understand. I’ve had paypal longer than I can remember and use it often and have never has an issue. Some guys could write a book on the problems. Same with facebook. I have friends that have been hacked over and over. One of life’s unexplained questions.
Well, you are ways in FB jail. Hey now that’s different. Lol 😂
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: crackedback]
#3096603
11/23/22 04:38 PM
11/23/22 04:38 PM
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Joined: Jan 2003
Posts: 27,465 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,465
So Cal
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments Zelle is better Venmo is an arm of paypal. I pay a landscaper via venmo. I'll never accept money via them. My understanding is that Zelle is a bank to bank transfer like a debit card and there's no tax implications or reporting. I think this would be great for in person physical goods and services transactions. Like a swap meet were it's "as-is" "where-is" no-refunds" Where there is no reason to refute charges. No whiners or scammers. Venmo I heard charges if you a fee if want the money instantaneously. Does it have tax implications? Talking to a retail business owner, Venmo is more popular with women. Someone at the last Fall Fling was taking mobile payment for PayPal, Venmo, and Zelle. There stuff was ebay buy it now priced. They said they made sales solely because they were taking those mobile payments and people didn't have cash. 10-20% of transactions were mobile payments, and 15-25% gross dollars. It was just after the show, so these were shoot from the hip figures. BUT the take away was that 15-20% of your total sales dollars was significant. The younger people entering this hobby don't get the swap meet cash deal.
Last edited by autoxcuda; 11/23/22 04:39 PM.
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Re: Venmo who has it.
[Re: autoxcuda]
#3096834
11/24/22 02:30 PM
11/24/22 02:30 PM
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Joined: Feb 2015
Posts: 2,070 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,070
CA
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments Zelle is better Venmo is an arm of paypal. I pay a landscaper via venmo. I'll never accept money via them. My understanding is that Zelle is a bank to bank transfer like a debit card and there's no tax implications or reporting. I think this would be great for in person physical goods and services transactions. Like a swap meet were it's "as-is" "where-is" no-refunds" Where there is no reason to refute charges. No whiners or scammers. Venmo I heard charges if you a fee if want the money instantaneously. Does it have tax implications? Talking to a retail business owner, Venmo is more popular with women. Someone at the last Fall Fling was taking mobile payment for PayPal, Venmo, and Zelle. There stuff was ebay buy it now priced. They said they made sales solely because they were taking those mobile payments and people didn't have cash. 10-20% of transactions were mobile payments, and 15-25% gross dollars. It was just after the show, so these were shoot from the hip figures. BUT the take away was that 15-20% of your total sales dollars was significant. The younger people entering this hobby don't get the swap meet cash deal. Unless things have changed, if you take a payment via paypal and hand deliver the item, there is no proof of delivery and you are open to a charge back. BTDT got the screw job from the buyer. Hard Pass.
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Re: Venmo who has it.
[Re: crackedback]
#3096931
11/24/22 11:16 PM
11/24/22 11:16 PM
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Joined: Jan 2003
Posts: 27,465 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,465
So Cal
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And what do you think of it. I sold a powerglide low gearset (550.00 plus shipping) and that’s what this guy uses for payments Zelle is better Venmo is an arm of paypal. I pay a landscaper via venmo. I'll never accept money via them. My understanding is that Zelle is a bank to bank transfer like a debit card and there's no tax implications or reporting. I think this would be great for in person physical goods and services transactions. Like a swap meet were it's "as-is" "where-is" no-refunds" Where there is no reason to refute charges. No whiners or scammers. Venmo I heard charges if you a fee if want the money instantaneously. Does it have tax implications? Talking to a retail business owner, Venmo is more popular with women. Someone at the last Fall Fling was taking mobile payment for PayPal, Venmo, and Zelle. There stuff was ebay buy it now priced. They said they made sales solely because they were taking those mobile payments and people didn't have cash. 10-20% of transactions were mobile payments, and 15-25% gross dollars. It was just after the show, so these were shoot from the hip figures. BUT the take away was that 15-20% of your total sales dollars was significant. The younger people entering this hobby don't get the swap meet cash deal. Unless things have changed, if you take a payment via paypal and hand deliver the item, there is no proof of delivery and you are open to a charge back. BTDT got the screw job from the buyer. Hard Pass. I can see that. I wouldn’t take PayPal at a swap meet or in person from a stranger. To me it looks like Zelle is the best for in person transaction for good or services. No refuting charges. Can a buyer refute charges on Venmo ?
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Re: Venmo who has it.
[Re: Jer]
#3097444
11/27/22 05:04 AM
11/27/22 05:04 AM
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Joined: Jan 2003
Posts: 27,465 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,465
So Cal
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Zelle, while supported by most banks, seems to be the payment of choice by scammers. Zelle apparently has a 'we believe the buyer despite your evidence to the contrary as a seller' policy. As for payments at a swap meet... I used a Square app (remember them?) and sold a LOT more stuff simply because many chose to use a card over cash. Good info and feedback. I had heard there was no way to refute a transaction with Zelle.. The square app uses a credit card. Could someone go back and say the item was not what they believed, broken, never received ??
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Re: Venmo who has it.
[Re: autoxcuda]
#3097595
11/27/22 05:51 PM
11/27/22 05:51 PM
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Joined: Dec 2005
Posts: 11,530 Fulton County, PA
CMcAllister
Mr. Helpful
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Mr. Helpful
Joined: Dec 2005
Posts: 11,530
Fulton County, PA
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How about "whoever doesn't send me a 1099K at the end of the year", if I'm selling.
If the results don't match the theory, change the theory.
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Re: Venmo who has it.
[Re: autoxcuda]
#3097658
11/27/22 10:50 PM
11/27/22 10:50 PM
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Joined: Jan 2003
Posts: 3,050 Bowling Green, KY
cudaboy
master
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master
Joined: Jan 2003
Posts: 3,050
Bowling Green, KY
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I had heard there was no way to refute a transaction with Zelle..
There’s not, according to Zelle’s website. Dennis
Last edited by cudaboy; 11/27/22 10:51 PM.
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Re: Venmo who has it.
[Re: SV_MOPARS]
#3097771
11/28/22 01:18 PM
11/28/22 01:18 PM
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Joined: Feb 2005
Posts: 20,160 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,160
PA.
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3097799
11/28/22 02:37 PM
11/28/22 02:37 PM
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Joined: Jan 2003
Posts: 15,548 Norwich CT USA
moparts
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,548
Norwich CT USA
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes
Tom ,
2011 Ram 3500 C&C Diesel 2009 Challenger R/T 1971 Challenger Conv. 511/4 speed 1970 Challenger R/T 503/727
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Re: Venmo who has it.
[Re: moparts]
#3097950
11/28/22 10:42 PM
11/28/22 10:42 PM
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Joined: Jan 2003
Posts: 15,311 Omaha Ne
TJP
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,311
Omaha Ne
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes I'm assuming the "loss" was supposed to be "lose" ? While on the subject, I was wondering IF one were to use different Third party money handlers keeping them all under the MAGIC 599.99 threshold, Would that not prevent a 1099 from being issued ? A PITA for sure BUT
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Re: Venmo who has it.
[Re: moparts]
#3097984
11/29/22 02:04 AM
11/29/22 02:04 AM
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Joined: Feb 2015
Posts: 2,070 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,070
CA
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes If you are going to pay the taxes on the gross amount on the 1099... don't complain and get to work minimizing the alleged income. It's NOT that hard... Paying the tax on the gross amount is EXACTLY what the government wants you to do. They expect you to be lazy. Maybe I'm misunderstanding what you are putting out there.
Last edited by crackedback; 11/29/22 02:06 AM.
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