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this post was submitted on 26 Jul 2023
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on top of that, Reddit rewards are disappearing soon so they are literally throwing money into a fire
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.
With "Friends and Family" they get 100% unless converted
it's a bit complicated, if you have to spend tax on it - but, yes
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
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.
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.
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.
Yeah, I meant fees there.
PayPal doesn't do the tax, but for the content creator its taxable income
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.
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.
You have the right to do stupid things, nobody is denying it.
While I personally think its silly, if the people get that sense of community from doing I wouldn't outright call it stupid.
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.
I’m pretty sure you can’t buy coins anymore