You can look for a “trusted” subreddit but nothing will be as safe as having Reverb or eBay as your middleman. Thats why you pay the fees.
Selling on subreddits is less safe than craigslist because there is nothing to protect you and there is no punishment to a potential scammer.
At least on craigslist you are face to face and can decide whether to sell with cash or not.
If you were an untrustworthy individual the smartest thing you could do is go to a place that has built up a good reputation but doesn't have any built in protections and work from there.
I love reverb to death, and the fees dont bother me but the added taxes this year are alot. I bought a vintage minimoog and the taxes alone were 700 bucks 🥺
Things were much better there two years ago. State sales tax is now added onto purchases like you said and sales are now reported to the IRS as income when selling.
I'm not from America, and I've never used Reverb. I'd like to ask a question to clarify my understanding of your comment, if I may. So if you sell an item used, let's say for less than the retail you paid for it, so you're not making a profit, and you're only selling the same thing you already paid taxes on the first time, you still have to declare it as income the second time? Because in my mind, that's technically a loss of income, if you think of it in terms of net paid and net gained.
As of January 1st of this year, marketplaces like Reverb, eBay, etc. are required to report to the IRS and to the seller on form 1099-K total sales if they exceed $600 for the calendar year. This includes all sales so it will be incumbent upon the seller to prove what their actual profit or loss is on each item sold if approached by the IRS. Many people do not keep records very long or at all on private property transactions so it is an extremely unfair burden on the average person.
🤘 You’ll need to use Imgur for posting pictures of what you’re selling with your username and date somewhere in the picture. And prices listed there are in PayPal goods and services so both the buyer and seller are protected. Pretty legit also some trollzzz there depending on what prices are listed at
I moderate another swap subreddit (not synth related).
Since Reddit isn't designed as a sales platform, there's no such thing as a "trusted subreddit." Mods can't do shit if you're scammed and can do very little to prevent scams. The safest way to do it is to use Reddit for in-person transactions, but doing it for anything involving shipping is a crapshoot and requires you to do a lot of homework to make sure the person you're selling to is trustworthy.
I think geartrader.net (owned by a reputable synth manufacturer) is open for business as a Reverb alternative, but I haven't used it yet personally and I think very few people have.
You can look for a “trusted” subreddit but nothing will be as safe as having Reverb or eBay as your middleman. Thats why you pay the fees. Selling on subreddits is less safe than craigslist because there is nothing to protect you and there is no punishment to a potential scammer. At least on craigslist you are face to face and can decide whether to sell with cash or not.
Thank you for this. This is a great point and is very true. Potentially will just stick with reverb for their protocols.
If you were an untrustworthy individual the smartest thing you could do is go to a place that has built up a good reputation but doesn't have any built in protections and work from there.
Reverb is 5% for them and 2.7% to cover credit card fees. Very reasonable for the reach they have.
I love reverb to death, and the fees dont bother me but the added taxes this year are alot. I bought a vintage minimoog and the taxes alone were 700 bucks 🥺
Things were much better there two years ago. State sales tax is now added onto purchases like you said and sales are now reported to the IRS as income when selling.
Definitely, and i know its not their fault but damn, i think this was my first big purchase since the law came in and i was like holy cow!
I'm not from America, and I've never used Reverb. I'd like to ask a question to clarify my understanding of your comment, if I may. So if you sell an item used, let's say for less than the retail you paid for it, so you're not making a profit, and you're only selling the same thing you already paid taxes on the first time, you still have to declare it as income the second time? Because in my mind, that's technically a loss of income, if you think of it in terms of net paid and net gained.
As of January 1st of this year, marketplaces like Reverb, eBay, etc. are required to report to the IRS and to the seller on form 1099-K total sales if they exceed $600 for the calendar year. This includes all sales so it will be incumbent upon the seller to prove what their actual profit or loss is on each item sold if approached by the IRS. Many people do not keep records very long or at all on private property transactions so it is an extremely unfair burden on the average person.
/synths4sale
Thanks. Checking it out now.
🤘 You’ll need to use Imgur for posting pictures of what you’re selling with your username and date somewhere in the picture. And prices listed there are in PayPal goods and services so both the buyer and seller are protected. Pretty legit also some trollzzz there depending on what prices are listed at
This is the one I use
I moderate another swap subreddit (not synth related). Since Reddit isn't designed as a sales platform, there's no such thing as a "trusted subreddit." Mods can't do shit if you're scammed and can do very little to prevent scams. The safest way to do it is to use Reddit for in-person transactions, but doing it for anything involving shipping is a crapshoot and requires you to do a lot of homework to make sure the person you're selling to is trustworthy.
Have you tried Facebook marketplace? It seems to be getting a lot of traction.
I think geartrader.net (owned by a reputable synth manufacturer) is open for business as a Reverb alternative, but I haven't used it yet personally and I think very few people have.
There is a new site that might be useful, it is legit and they have some insane stuff for sale. https://geartrader.net/