mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@Anonymous wrote:Ok reading this board is like Alice in Wonderland.😂😂
The bottom line is you run a month ending report after the first of the month.
That would be a report from the first of the month to month ending (30th, 31st, whatever) on ebay and a monthly financial on Pay Pal.
You then plug those numbers into a Excel spreadsheet that hopefully you have created to get the real picture on expenses, sales and acquisition costs.
I really don't understand how any of you file taxes not knowing what your real numbers are for profit & loss. 🙄
@Anonymous
There are some sellers that prefer to go into something new and just hope for the best. Then there are others that prefer to know and understand what they are going into so they can make the best business decisions they can.
The vast majority of this thread has nothing to do with financial reports or reporting and everything to do with understanding the new fee structure and the impact on our businesses.
If you prefer the wait and see approach, you have every right to operate that way. Some of us prefer to know and understand such significant structural differences in how we are charged fees. It is simply a personal choice.
@Anonymous wrote:It's pretty simple really. Stay or leave.
Once you understand your business and if you are making a profit, the new and improved fees can and should be rolled up into your pricing.
That means that necklace for $2.25 will become $2.95. Big Wow!
In this life there is no hoping and wishing. You make it happen or not.
Ebay is not going to change for you. They are and will continue to "improve shareholder value" no matter who the CEO is this month.
Go ahead and resist the spreadsheet, it's your prerogative. 🙄
So you make your business decisions without understanding how something will affect your business? If it will affect your business??
If you don't understand the impact a new fee structure will have on you, then you don't know if you even need to raise that price on a necklace. So you'd raise it just in case??
"Hoping and wishing" has nothing to do with trying to understand the new fee structure. Absolutely nothing. It sure would have everything to do with going by the seat of your pants attitude coupled with raising your pricing just in case.
Trying to understand a new rule isn't asking Ebay to change, it is trying to understand a new rule.
"Go ahead and resist the spreadsheet, it's your prerogative." I'm not at all sure what this means since I created a spreadsheet that I've shared on this thread a few times. I'm not personally "resisting" anything. I'm fine, I understand. I'm trying to help others that are struggling with it a bit.
@Anonymous
@prettywoman-2012 wrote:
@cynthealee2 wrote:
@bar-29368 wrote:
How can sales tax be included in Gross RECEIPTS if the seller never actually received it?I believe that was Pretty's point.... the sales stats on your seller hub include EVERYTHING... and eBay seems to be using THOSE figures to claim that overall most sellers fees will be going down.
@cynthealee2 wrote:
@bar-29368 wrote:
How can sales tax be included in Gross RECEIPTS if the seller never actually received it?I believe that was Pretty's point.... the sales stats on your seller hub include EVERYTHING... and eBay seems to be using THOSE figures to claim that overall most sellers fees will be going down.
Yes. You are correct! As for the other worries mentioned here, I simply cannot trust this Adyen company. See my post about it on the Payments board.
My SSN and banking information is possibly available on PayPal but I have not given permission for PayPal to provide that information to eBay (unless with my specific permission) and if it (PayPal) dares to do so, there certainly will be legal consequences to that. I sincerely hope PayPal will not even try anything like this. Alas, I am prepared...
I think bar-29368 was saying that the calculation by Mam is incorrect, and I have to agree with that, also.
The real big problem seems to be that there are different FVF rates for some categories, and I have yet to see a single post by eBay that covers all of their categories with examples to show how this new system would be more beneficial to sellers than the current one via PayPal.
Off to bouncing off trees again! What else is left to do here, once everyone else's needs are taken care of, no matter how bizarre.
PW🐿🦋
Your safe, no worries. Ebay is not getting that info from PP. It is required on the pre-registration for MP.
Bar did say that, but that isn't correct. They said I was ignoring sales tax and that simply is incorrect. That would be a silly thing to do anyway as it plays a very important part in all of this.
The fee structure for the various categories seems to be pretty consistent from what I've seen. It is the rate you are currently paying for the category you sell in plus 2.9% and LESS .55%. Which works out to the numbers I previously shared with you up thread. I gave you the rates for Fashions and for DVD & Book categories. You keep saying the new fee will be 12.50% for you but that isn't the case, for fashions it is slightly lower and for DVDs and books it is higher.
@calibaydeals619 wrote:On my Amazon 1099 sales tax is NOT counted. Amazon facilitator handles it independently. On here, it will be so everyone is responsible. Some states will pursue you more aggressively than others
The difference would be how it is handled by the money processor. In PP and in MP, it goes through the money processor therefore per the requirements of IRS they have to report it as part of the Gross Receipts.
MP and PP have no choice.
No the reason is not to "so everyone is responsible". States can't come after the individual sellers, they would go after Ebay due to the MFLs. States can't have it both ways. They came up with MFLs because they realized that if they didn't, most of the sellers on a site like this would like not meet their thresholds so never be responsible for collecting and paying sales tax except for sales within their own state. That is why MFLs were born.
