Quote:
Originally Posted by parkerj33
Hey BobC, great stuff!
fyi, I had my f/f suspended years ago by paypal. I wasn't trying to avoid taxes, but i was trying to avoid their fees, and they finally caught on. so i switched to venmo f/f (also owned by paypal!).
|
Yuck, that sucks. But be careful on Venmo as well. I think a lot more people are going to be getting more and more scrutiny for their F&F type usage and activity going forward.
Zelle could be a last resort for you since they are not considered as a TPSO, and therefore are not subject to any 1099-K reporting requirements at all. However, you have pretty much no transaction protection or recourse if a deal goes bad and you get ripped off.