Paypal F/F......They are watching you
I have been selling a good many high value antiques outside of Ebay and recently had my Paypal account "restricted" until I provided several items to Paypal (copy of license or passport, explanation of certain transactions, etc) One of the transactions was a $1,000 loan repayment that was sent to me as F/F (which is permissible as a non fee transaction). The largest transaction was a $14,500 payment properly transacted as goods and services which generated the regular PP fees. I guess the high $$ transactions have caught their eye. Not sure if they monitor all of these $100-$200 F/F sales but just a warning to be careful when selling and requesting payment as F/F. Too bad more people don't use Venmo.
Russ
Last edited by russkcpa; 08-22-2021 at 03:04 AM.
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