Best Way to Cash Out?

[ϟTheoϟ]

I've been thinking about cashing out some of my pure for a while now, and I want to start actually doing it. What's the best way to sell keys for paypal nowadays? Sites like marketplace.tf and mannco.store I'm guessing are the best way, but I know they take a sizable commission. At the same time, I don't want to risk getting scammed by a paypal refund scam. Does anyone have any suggestions on what I should do?

[Zeus_Junior]

Would advise you to, obviously, always do a background check when trading with paypal. And only proceed if you are entirely comfortable with the situattion and are absolutely sure they are not "rep farmers" (low bp value, only buying/selling keys, only trusts related to spycrabs etc to name a few) 

imo mannco.store sucks, stick to marketplace

 

You get ~1.73 after fees now, which is pretty nice.

Or if you want to do paypal, plenty of people buying here https://forums.backpack.tf/forum/27-team-fortress-2-cash-trading/ 

[ϟTheoϟ]

3 minutes ago, Zeus_Junior said:

Would advise you to, obviously, always do a background check when trading with paypal. And only proceed if you are entirely comfortable with the situattion and are absolutely sure they are not "rep farmers" (low bp value, only buying/selling keys, only trusts related to spycrabs etc to name a few) 

imo mannco.store sucks, stick to marketplace

 

You get ~1.73 after fees now, which is pretty nice.

Or if you want to do paypal, plenty of people buying here https://forums.backpack.tf/forum/27-team-fortress-2-cash-trading/ 

 

Hey Zeus, thanks for the tips. Do you know if there is a guide anywhere on how to go about a paypal trade for keys? I set up a paypal account a few months ago, but don't know too much about how it works / how to make sure I'm sending or receiving money the correct way. 

[Zeus_Junior]

On 5/26/2020 at 11:39 PM, ϟTheoϟ said:

 

Hey Zeus, thanks for the tips. Do you know if there is a guide anywhere on how to go about a paypal trade for keys? I set up a paypal account a few months ago, but don't know too much about how it works / how to make sure I'm sending or receiving money the correct way. 

Most use the friends and family option, as i dont think you can chargeback these transactions (and there's no/less tax compared to using the buying goods/service option?)

 

You'd give the buyer your paypal.me link (if you have one) or your paypal email, which they'll send the money to

[Irma and Psyche]

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[Vrakos Anthrakir]

10 minutes ago, Aqua [⇄] said:

You CAN chargeback transactions through Friends and Family, and since it is technically considered a gift(non-taxed), Paypal CANNOT HELP YOU if you are scammed. You can also still get chargebacked if you use the good and services option, but in the event of nonpayment, since Paypal has already gotten tax on the sale, it's their responsibility to get your money back(Paypal takes the hit in that case). If you use Friends and Family, while it is technically better in terms of value, it is infinitely more unsafe. Only use the Friends and Family option if it's someone with trust/that can be trusted

You can't be charge-backed if there's non-payment, no payment occurred.  

 

as for the thread topic, 

It's worth noting that there are tax implications for accepting money via paypal goods/services (depending on where you live).  No idea how mptf works tax-wise though

[Slam]

Unless you find a very reputable buyer with plenty of legitimate +trusts and a high backpack value, you're better off just cashing out via mp.tf, since there's way less risk.

 

Selling to paypal key buyers will only get you a few cents more per key than mp.tf will give you after fees anyways. Yeah that adds up to $50-$100 for selling all 1700+ keys you have, but is that really worth the risk of scams or chargebacks or etc? Up to you to decide. Not to mention that a lot of key buyers won't straight up buy 1700 keys at once, so you'd likely have to find multiple buyers with good reputation.

[Norah]

As it stands, it's probably more worth your while to use Marketplace. From what I understand, PayPal keys are about $1.7ish, and even post-tax MP right now would net you more than that. Yeah you could probably squeeze a bit more out if you went digging, but honestly with your key count being in the several thousands, what's a couple dozen dollars.

[Henchman 21]

also don't trust +rep on backpack.tf, there are lots of instances where scammers build up +50 rep cash trades then one day scam thousands and switch accounts

[mr. o.g.]

So true.

 

Best advice right there.

[Geel]

You 100% can be the victim of a chargeback NO MATTER HOW they send the money on PayPal.

 

The point of a chargeback is for someone whose payment instrument (credit card / debit card / PayPal account / etc) was stolen to say "hey, I didn't make these charges, can I have my money back?"

 

If someone steals your PayPal account information, logs into it, and uses it to send money elsewhere, that is a situation where a chargeback will be filed. It would be absolutely insane if chargebacks couldn't be filed simply because the thief chose to send the money as "friends and family". What would be the point of the chargeback system if it could be prevented so simply?

 

 

Now, if you want to dispute the payment as "product not received", for instance, that's a different kind of payment dispute. In those instances, PayPal will not allow the dispute to be filed, because the money was sent as "friends and family" -- and therefore, you explicitly told PayPal "I expect to receive nothing in return for this payment."

 

But that doesn't stop someone from saying "my PayPal account was stolen and someone sent the money away!"

 

 

If you want to ensure you don't get hit with a chargeback, use a service like Bitskins or Marketplace.tf. (These services don't completely stop chargebacks from being filed, by the way; they just eat the costs of them, and are able to do transaction pre-screening to prevent some fraud, which you won't be able to do as effectively yourself.)