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Getting Paid
I haven’t sold on EBay in a couple years and recently sold 6 items. Funds are on hold because it wants a TIN or my social security number. I’ve never had to provide this before. Not comfortable giving my social security number. Is this legit? Am I just being overly paranoid? Thank you.
5 comments
comics-scifi-collectibles
Mentor1 year ago@shannopayn3 The SSS or ITIN number is required by the federal know your customer laws.
The requirement is mentioned on this linked policy page> https://www.ebay.com/help/selling/getting-paid/registering-seller?id=4792
It is also needs to be on file in case eBay is required to send you a 1099k
How getting paid works>
https://www.ebay.com/help/selling/getting-paid/getting-paid-items-youve-sold?id=4814&st=
1. Make sure that the ACH routing number is the correct one to use for deposits to your checking account. Sometimes banks have different ones for this type of deposit.
2 .The bank account must be a brick and mortar checking account, not a virtual one.
3. Your registered name and address on your eBay account must match your checking account and government ID exactly. You can not use a PO box for your registration but you can use it for your ship from and to addresses.
I had to add my middle name to my eBay account.
John B Doe is not the same as John Brian Doe.
You can confirm or update your eBay account information here:
https://accountsettings.ebay.com/profile
4. Enter your backup payment method for selling costs here: https://ppcapp.ebay.com/myppc/wallet/list
AND Select Manage under the method you want to use then select Preferred for selling costs.
golfingaddict
Mentor1 year agoI seem to have mistakenly answered this question.
comics-scifi-collectibles
Mentor1 year ago@golfingaddict I didn't see that you had already replied with a good answer 😕
golfingaddict
Mentor1 year agoIRS tax compliance
golfingaddict
Mentor1 year agoIf you want to sell and get paid on eBay you need to provide that information.
I understand your concerns but it is legitimate and it is needed to sell on eBay.
If you choose not to provide this information you will won't be able to get paid.