social security #

Locked

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

Why do you need my ss #

markymark4321_4

Posted 1 year ago·Last reply 1 year ago

2 comments

lady_madonna

Mentor1 year ago

*Volunteer Ebay Mentor*1039 View listings

@markymark4321_4

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.

eburtonlab

Mentor1 year ago

@markymark4321_4

If you sell and are paid by eBay, eBay is required to provide tax forms if your sales across multiple accounts exceeds a certain level.