I am a PP novice who is hoping to sell my personal automobile. Can the buyer and I transact this sale using PP or is the dollar amount too high for PP? Like I said this is a personal auto. I do not sell cars for a living nor is this a sale for a business. Also, if this is acceptable then will PP report this sale to the IRS as income? I have never sold a car online before and I am just exploring my options to see if this is the best way to proceed safely. The buyer is from out-of-state who has a personal PP account as do I. Lastly, if the buyer were to send me funds for the purchase of the vehicle, how long would it take before I receive a notice from PP that these funds are available to me?...1 hour?, 1day?,...1 week? Thanks for all replies.
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