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Thread: Switched to Square. Dumped PayPal

  1. #21
    Senior Member FredRydr's Avatar
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    Default Re: Switched to Square. Dumped PayPal

    Quote Originally Posted by Ed333 View Post
    ...Let's see if this post gets me banned for life....
    Not a chance.

  2. #22
    Member Ed333's Avatar
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    Default Re: Switched to Square. Dumped PayPal

    Quote Originally Posted by FredRydr View Post
    Quote Originally Posted by Ed333 View Post
    ...Let's see if this post gets me banned for life....
    Not a chance.
    Fred, is Square suited for someone who is only an occasional seller, as in thinning the herd, not really trying to make a business of it?
    Thanks, Ed

  3. #23
    Senior Member FredRydr's Avatar
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    Default Re: Switched to Square. Dumped PayPal

    It will work and there are no "entry" fees, but Square has you go through checks to see if you're legitimate and not just a laundry.

    There are more money transfer services coming available. For example, my credit union recently announced its own cash transfer system which I intend to look into.

    Finally, if you are in the USA, know that the IRS will be receiving 1099 reports from "Payment Settlement Entities" (Square, PayPal, Venmo, etc. etc.). Read here: https://www.irs.gov/businesses/under...ur-form-1099-k N.B.: Various states have their own annual thresholds for reporting, as low as $600.
    Last edited by FredRydr; March 20th, 2023 at 07:55 AM.

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    Default Re: Switched to Square. Dumped PayPal

    Quote Originally Posted by FredRydr View Post
    "...There are more money transfer services coming available. ...
    Oh yeah! These days, if somebody's found a way to make a nickel, you can bet the rent there'll soon be a slew of sob's with their hand stuck out.

  5. #25
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    Default Re: Switched to Square. Dumped PayPal

    Quote Originally Posted by ~JJ View Post
    Quote Originally Posted by FredRydr View Post
    "...There are more money transfer services coming available. ...
    Oh yeah! These days, if somebody's found a way to make a nickel, you can bet the rent there'll soon be a slew of sob's with their hand stuck out.
    Only to be equaled by the number of those trying to avoid taxes and fees.

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