My payout is on hold because eBay wants my SS number, but I feel uncomfortable. | Ask a Mentor | eBay Community

My payout is on hold because eBay wants my SS number, but I feel uncomfortable. | Ask a Mentor | eBay Community

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My payout is on hold because eBay wants my SS number, but I feel uncomfortable.

My payout is on hold because eBay wants my SS number, but I feel uncomfortable.

letmari74

344 View listings

Posted 1 year ago·Last reply 1 year ago

1 comment

lady_madonna

Mentor1 year ago

*Volunteer Ebay Mentor*1039 View listings

@letmari74

All Ebay sellers must provide the required information.

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.