this post was submitted on 26 Jul 2023
568 points (97.2% liked)

196

16910 readers
890 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

If you have any questions, feel free to contact us on our matrix channel.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 23 points 2 years ago (2 children)

It was always that kind - I also don't get why people are spending money on e.g. bits at twitch. It's the same kind of stupid. Just give the people you like money with paypal. It's easier and they get nearly 100% of it.

[–] [email protected] 7 points 2 years ago* (last edited 2 years ago) (1 children)

With "Friends and Family" they get 100% unless converted

[–] [email protected] 4 points 2 years ago* (last edited 2 years ago) (1 children)

it's a bit complicated, if you have to spend tax on it - but, yes

[–] [email protected] 2 points 2 years ago (2 children)

In my country Paypay doesn't tax when doing Friends and Family transactions, but do when you are sending to an account from another country

[–] [email protected] 3 points 2 years ago (1 children)

In germany it demands on the conditions. If you get too much, they will ask why and where you got it. So, if you get small amounts it’s totally ok, if it gets more you will get problems.

[–] [email protected] 2 points 2 years ago (1 children)

Isn't like that anywhere really? Paypal applies a hard limit on the max amount to send via Friends and Family, needing you to use the taxed other method where it becomes pretty much a bank transaction. For exchanging big sums in general the only real choice is a bank transfer with your real cards.

[–] [email protected] 1 points 2 years ago (1 children)

I think you are confusing taxes with fees? I don't think PayPal will pay any taxes for you even if you don't use the "friends and family" feature.

[–] [email protected] 1 points 2 years ago

Yeah, I meant fees there.

[–] Shialac 2 points 2 years ago (1 children)

PayPal doesn't do the tax, but for the content creator its taxable income

[–] [email protected] 0 points 2 years ago

That should be specified some law in each of our countries that specify the amount you can do as independent before its going to be taxed.

[–] [email protected] 5 points 2 years ago (2 children)

Used to ask this question alot. But then I realized, its to be part of a community of sorts, either in a random twitch streamer's chat or on reddit. I kinda get it now, and I while I wish people would put this money towards either smaller creators or more charitable causes I do also respect peoples right to spend however they want.

[–] [email protected] 3 points 2 years ago (1 children)

You have the right to do stupid things, nobody is denying it.

[–] [email protected] 3 points 2 years ago

While I personally think its silly, if the people get that sense of community from doing I wouldn't outright call it stupid.

[–] [email protected] 2 points 2 years ago

In germany it demands on the conditions. If you get too much, they will ask why and where you got it. So, if you get small amounts it's totally ok, if it gets more you will get problems.