Millions of Ebay sellers have had to provide their social security number to Ebay in order to receive their payouts from their sales.
You are required to provide your social security number in two situations: (both of which apply to Ebay sellers)
You are doing something that may be reportable to the IRS or your state’s tax department; and/or
You are engaged in a financial transaction that is subject to the Customer Identification Program. This is a part of a financial institution’s “Know Your Client†process that involves verifying a customer's identity and assessing their risk level. KYC helps businesses reduce the risk of fraud, money laundering, and other illegal activities.
lady_madonna
Mentor1 year agoNo SSN= no payout.
Millions of Ebay sellers have had to provide their social security number to Ebay in order to receive their payouts from their sales.
You are required to provide your social security number in two situations: (both of which apply to Ebay sellers)