I remember earlier this year, eBay required I submit my SSN to continue selling, which was supposedly necessary for the new way of payment managements directly through eBay. I completely fell for it because I had multiple listings up for sale posted at the time. I later learned that the real reason for such information was for the American Rescue Plan Act of 2021, signed into law by President Joe Biden.
'Under current rules, individuals who sell goods or services via online platforms generally only receive a tax form if they engage in at least 200 transactions worth an aggregate $20,000 or more. That form, called a 1099-K, also goes to the IRS. Starting next year, the federal threshold for issuing the 1099-K will drop to $600 with no minimum transaction level.' -CNBC
For this reason, I have chosen to retire as a seller from this major platform who will rat me out to the IRS for a measly $600. I do plan to remain as a buyer, and therefore do not wish to close my account. With that being said, how can I remove my confidential SSN from eBay's data storage?
The only relative option I can find is through Account settings > My eBay > Personal Info > Personal information > Type of ID | Social Security Number (last 4 digits). This does not appear to be the correct course of action to execute such a task, as there is no 'Delete' option, only 'Cancel' or 'Save'. Also, maybe I have forgotten that eBay only requested the last 4 digits of my SSN to continue selling, though my memory tells me otherwise.
If someone can please help me and provide instructions and/or recommendations on how to remove my SSN information from eBay's records to stop selling and keep my account active to continue as just a buyer.
Thank you in advance.
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