I suspect a wife was behind this. Last time I sold a watch (£3k I think) I had to tell the Mrs I was selling on behalf of someone else at 10% commission. So £300 stayed in the bank and £2700 went to PayPal "to send to my friend who owned the watch". She was pretty chuffed at getting an unexpected couple of hundred quid but I don't like lying to her -- and it cost me money! I can't take a 10% hit on every watch I flip, I aim to break even or slightly better but I'm not a dealer with large margins. Any profit I did make was usually soaked up by bad deals, straps / bracelets, servicing etc so it's not like I was steadily accumulating a secret and ever-increasing wealth fund. With a pool of money in paypal to play with I can trade up or down, try things out, grab a bargain, liquidate assets etc -- and all without touching the household budget. Not any more. SC for me from now on. And no BACS please!