mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@keystonecollectors wrote:1099.Generated now over $600 in sales. Down from 20k in sales or 200 transactions. This was all apart of Bidens GREAT ECONOMIC PLAN TO NOT SCREW PEOPLE MAKING $400 K OR LESS 🤣🤣🤣
This change on the 1099K FORM has been something even the Republicans wanted passed. In earlier bills when the Republicans were in charge it was the Democrats that kept it from going through.
Now with that said. this change did NOT change the tax laws. It only changed the FORM. All of us have always been responsible / required to report our income to IRS with our without a 1099K.
You have a MAJOR misunderstand like so many others. The threshold on an IRS FORM, ANY FORM, does not set the minimum for reporting income to IRS. The 1099K is merely a FORM and nothing more.
When the minimum threshold on the FORM was 20K, that met that only those that made above that got the FORM. What it DID NOT mean was that anyone below that 20K did not have to report their income to the IRS. And that is likely what will get some people in trouble because they assumed something that was not ever based in FACT. IRS does NOT HAVE a minimum requirement on reporting your income. So even when the FORM threshold was 20K, those that made 15K, 10K, 5K, 1K, etc. were still responsible for reporting their income.
Everyone needs to remember that the 1099K is ONLY A FORM and nothing more. It does NOT set the minimum requirements to report income to the IRS. That would be like saying if you don't receive a 1099K for ANY type of income you receive, you don't have to report your income and that is ridiculous. The 1099K only covers internet related payments. It doesn't cover when people are paid by check or any other form. So to think that the 1099K has the power to set the minimum standard for all of IRS, all those people that are NOT paid via the internet would not have to claim their income, which we all should know is not true.
The OP has listings. And while they have a decent amount of Ebay selling experience I'm not sure what you define as "a lot of sales".
Ebay's number of Active sellers worldwide has not been dropping. So while I'm sure some sellers leave for a variety of reasons, new sellers sign up.
Ebay is NOT "having money problems". That is an assumption by some. The numbers the OP reported are incorrect and it is easy to see they are incorrect if you do a simple Google Search.
As to "promotions". Sellers are not required to use promotions. Seller CHOOSE to use promotions. Further it is the seller that decides how much more in FVFs they are willing to pay for the sale. Sometimes sellers need to step up and accept when they have options. Not everything is Ebay's fault. If you don't like the promotion tool, simply don't use it. We have 19 million active sellers on Ebay. Less than ONE million of them use promoted listings.
https://www.edesk.com/blog/ebay-statistics/
Of those sellers that use promoted listings there are about 250 million promoted listings on Ebay out of 1.7 BILLION listings. Or promoted listings are about less that 1 Percent of listings.
https://www.oberlo.com/blog/ebay-statistics
As for customer Service, there are options.
Here are your options for contacting Ebay Customer Service.
https://twitter.com/askebay?lang=en
https://www.facebook.com/eBayForBusiness/
If when you use the link below you can only get to the Automated Assistant, type AGENT in the box and hit enter. You will then get more options.
https://community.ebay.com/t5/Selling/How-do-I-contact-Customer-Support/m-p/32016431#M1783851
For the Payment Team
https://www.ebay.com/help/selling/getting-paid/getting-paid-items-youve-sold/payments-hold?id=4816&&...
I hope this help you and maybe some other members.
@johnjefprks wrote:You need to take the revenue from manage payments out of that graph so it's apples for apples and you see the true picture.
What exactly are you trying to say? Sellers get paid through MP. So are you saying that none of that money counts? Or that the FVFs that Ebay collects are not revenue to them? I may be missing your point as I don't understand your statement.
@mam98031 wrote:
Ebay's number of Active sellers worldwide has not been dropping. So while I'm sure some sellers leave for a variety of reasons, new sellers sign up.
@mam98031 - you keep saying eBay's active seller numbers are not dropping, but have yet to provide any specific references for where you are getting that information, like when you made the same claim on this thread:
As I pointed out in that thread, and provided links and documentation to back it up,
the last time eBay reported active seller figures in quarterly earnings was in Q4 2021 and they had it at 17 Million at that time - which was a drop from previous quarters.
eBay has been inconsistent with reporting of active sellers over the years. For many years they did not include it in quarterly reports, then throughout the pandemic they consistently *did* report it every quarter there was growth.
Q1 2021 it was at 20M, Q2 2021 it fell to 19M, Q3 2021 it stayed flat at 19M, and Q4 2021 it fell even further to 17M which did not get a positive reaction from Wall Street at the time.
Again, as mentioned in previous posts, eBay used to show active seller info on their investor relations page, but removed it as of Q1 2022 and have not posted it anywhere (that I'm aware of) since.
https://investors.ebayinc.com/fast-facts/default.aspx
Archive showing Q 3 2021
Archive showing Q4 2021 showing the drop to 17M
And Q1 2022 showing when that information was removed from the page.
By all publicly available information, eBay active sellers did in fact drop and there is nothing eBay has put out publicly (again, that I'm aware of) that shows that trend reversed significantly in the last year.
If you believe otherwise and continue to wish to tell others otherwise, I'd respectfully suggest taking your own advice to @guardian6c when you said "You haven't told us where you got your numbers from. It would be helpful to know that."
