By cash purchase.
This is often referred to as a “cash return.” If you have a receipt for the money you paid for an item, you can be a bit sneaky and record a cash transaction to appear to have paid for the item. If you’ve paid cash for an item, be aware that you may be recorded as a cash-back merchant.
Since a cash transaction is recorded as a cash-back, the buyer will report the transaction as a cash transaction, and the seller will report a cash transaction as a cash-back transaction if and only if the item is returned. If the item never gets returned, the seller will still report the item as sold.
The seller will still report a cash-back transaction as a cash-back if the seller records the item as a cash transaction and the buyer does not return the item, even if the item was returned. The seller will report a cash transaction as a cash-back transaction if the buyer leaves the item with the seller for 30 days or more. The buyer will report a cash transaction as a cash-back if the item is not returned within 30 days.
If you buy something for cash, you would think that the seller would report it as sold. But no, the seller will just report it as purchased even if it never gets returned, and the buyer will still report it as sold even if it never gets returned. The seller will report a cash transaction as a cash-back if the buyer leaves the item with the seller for 30 days or more.
The reason for this is because the buyer wants to record the transaction as a seller, which is why they don’t just return the item for the 30 days. If you purchase something for cash, you will be legally required to report a cash transaction as a cash-back, as noted above. If you purchase something you don’t own for cash, it is your responsibility to return it within 30 days.
This is done in another important way: Because the seller is legally required to report a cash transaction as a cash refund, they will typically only report a cash transaction if the buyer leaves the item with the seller for 30 days or more. This is to ensure that the seller can report the cash transaction as a seller if they feel like they should.
If you buy something you dont own for cash, it is your responsibility to return it within 30 days. Of course, if you do not own it and you buy it for cash or some other reason, then the seller will report it as a cash refund.
This process has become a major point of contention with sellers, because they would like the buyer to keep the item as a purchase for cash even after the 30 days have passed. One way to address this is to use the seller reporting the cash transaction as a seller option. Another is to let the seller know that they have the right to report the cash transaction as a cash refund even if the buyer does not.
