I use F&F all the time here and elsewhere because I don’t think the risk of getting cheated by sellers I usually somewhat know is extremely low and we can just save the 3%. I wouldn’t do it from someone I don’t know with 12 posts, but if they have thousands or I know them, they aren’t going to sink their reputation to cheat me for what’s usually $40. I’ve paid up to $8K F&F in multiple transfers on the honor system, how high you go should reflect the trust you have in that person. I think I did $12,500 via a check with no protection in my largest here. Still never been cheated on a deal. I’d rather send the 3% to another collectors budget than to cover risk for PayPal. 99% of people are trustable with a deal. The remainder are usually pretty obvious to detect as red flags.
|