SSN Request - update to release funds. "Red" Pop-Up screen?

[cmhaz]

Anyone have any experience with getting a red "Pop-Up' screen asking for Social Security Number in order to release funds? Also says something about selling more than $600? A friend has recently encountered this, and asked if he should complete it. I have never seen this, and advised that he should NOT. Sounds like a fishing attack to me, but eBay is changing it's policies so frequently that I thought I would ask. Anyone out there familiar with this?

[kensgiftshop]

@cmhaz 

It's legit.

They need the SSN so they can send a 1099-K next year.

[pburn]

@cmhaz 

You advised he should NOT give eBay his social security number? Boy, hi's gonna be mad at you when eBay won't reliease his proceeds from a sale!

eBay, as a third-party marketplace platform, is required by law to issue a 1099-K to every seller who has over $600 in proceeds. If your friend doesn't comply, he won't get the proceeds from anything he's already sold and won't be able to continue to sell on eBay. 

[ebooksdiva · Accepted solution]

@cmhaz 

As soon as your sales reach the $600 you too will see the “RED Pop up screen “ from eBay requesting your social security number.

[annadryl]

It's July 2022. There have been MANY threads on this and much discussion. Advise your friend to do a SSN search on the forums. This is not a threat or phishing etc, and it's not just ebay. Nothing is really under the table any more.

You're a seller so you have done this, perhaps your friend isn't a regular seller? It's not new, tell them it's like giving a W4 to their employer for income tax purposes, it's basically the same thing.

[cmhaz]

Ken, thanks for the input. I have been selling on ebay for many years, and report sales on taxes each year, but have NEVER received a 1099-k from ebay.  I appreciate the feedback. I don't stay up on all of the changes that ebay has made over the years, (and am not wildy-thrilled with the fees here anymore), but when a friend mentioned a pop-up asking for SSN, my alarm-bell went off! - Thanks for the reassurance! CMHAZ

[luckythewinner]

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@cmhaz wrote:

Anyone have any experience with getting a red "Pop-Up' screen asking for Social Security Number in order to release funds? Also says something about selling more than $600? A friend has recently encountered this, and asked if he should complete it. I have never seen this, and advised that he should NOT. Sounds like a fishing attack to me, but eBay is changing it's policies so frequently that I thought I would ask. Anyone out there familiar with this?

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You are both sellers and neither of you have read enough about selling to be aware of the requirements for using Managed Payments or the need for eBay to file a 1099-K?

[takeascrollshop]

The $600 limit is new and "guess from who" (elections has consequences). eBay has to report it. The tax exemption is still in place , but we will see for how long... 

God bless

[buyselljack2016]

It's a good thing, and a bad thing.

In some cases it unearths the scofflaws.

In other cases it is burdensome process for those that will actually owe no tax.