Information | Ask a Mentor | eBay Community

Information | Ask a Mentor | eBay Community

Locked

Discussions in this board are limited to the original poster and Community Mentors

Buying & Selling

Information

Why is SS # is being asked?

suzsant-0

0 View listings

Posted 1 year ago·Last reply 1 year ago

2 comments

lady_madonna

Mentor1 year ago

*Volunteer Ebay Mentor*1039 View listings

@suzsant-0

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 stateâ€™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 institutionâ€™s â€œKnow Your Clientâ€ 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.

rock.star

·1 year ago

1080 View listings

It is an IRS rule.