Social security number wanted.

[rc66gto]

I have been a Ebay member buyer/seller since 1999 untill recently my account was frozen because I refuse to give up my SSN. No one should have to give up there SSN.the reason is that you will be reported to the IRS so that you will have to pay more taxes because its earn income.most of us who rely on making a few dollars are tax those of us who are retire and living on fix social security income depend on flea markets and garage sales for extra cash it's going to get to a point if you stop to use a restroom you will be tax it's out of control . I will close my account with Ebay and sell where I'm not under pressure to keep them happy the more you sale on Ebay the better they look there employees get pay and there stocks go up.

[a_c_green]

I don't think either MP (Adyen) or PayPal can see each other's transactions, so I don't think either would report on the basis of the total exceeding $20K, but I would not want to bet on that. (In fact, I sort of thought that they report any and all income now, rather than wait for the total to pass $20K, but I may be wrong on that.)

[luckythewinner]

---

@lucy10sammy wrote:

my question is this (you seem to be more willing to help)...for tax year 2020, if I go over the $20,000 total sales, with MM and PP will they 1099 me? or do they figure seperately? so I can say do $12,000 each with MM and PP, I hope I have explained this right. thanks for the help.

---

Each payment processor reports on their transactions. PayPal does not report Adyen transactions, and Adyen does not report PayPal transactions. 

So if you sell $12K with PayPal and $12K with Adyen, you will not get any 1099Ks (unless you live in a state with a different threshold than than the IRS threshold). 

But you would still have $24K in sales you would need to account for in your taxes. 

[mam98031]

---

@lucy10sammy wrote:

my question is this (you seem to be more willing to help)...for tax year 2020, if I go over the $20,000 total sales, with MM and PP will they 1099 me? or do they figure seperately? so I can say do $12,000 each with MM and PP, I hope I have explained this right. thanks for the help.

---

They are completely separate companies with no access to each others business records.  They couldn't combine these numbers any more than if you sold on Amazon, Etsy or any other site.  They do not reach out to each other to try and find out if any given seller has hit the thresholds.  Each company is responsible for for THEY process, nothing more and nothing less.

You are doing fine.  If you had $12,000 processed by PP and $21,000 processed by MP, you would received a 1099K from MP but not from PP.  However both amounts still need to be represented on your tax returns.

Whether or not a 1099K is issued is NOT the decision point of when income goes on your taxes.  All income is to be claimed on your taxes.  IRS does not have a minimum threshold for this anymore.  Years ago it was $600 or so, but they did away with that.

Feel free to keep asking questions until you completely understand.  I'm happy to help if I can.

@lucy10sammy 

[sin-n-dex]

---

@rc66gto wrote:

I have been a Ebay member buyer/seller since 1999 untill recently my account was frozen because I refuse to give up my SSN. No one should have to give up there SSN.the reason is that you will be reported to the IRS so that you will have to pay more taxes because its earn income.most of us who rely on making a few dollars are tax those of us who are retire and living on fix social security income depend on flea markets and garage sales for extra cash it's going to get to a point if you stop to use a restroom you will be tax it's out of control . I will close my account with Ebay and sell where I'm not under pressure to keep them happy the more you sale on Ebay the better they look there employees get pay and there stocks go up.

---

So you think you're exempt from filing a tax return (and maybe paying taxes) because you're selling on eBay for peanuts?

Here's a suggestion, fill out a schedule C with expenses incurred from your "eBay business" that is being reported. If your business runs like mine, you get a refund instead of paying.

C.

[rosebuddy425]

I don’t believe I gave PP my SSN.  Why would I give it to eBay.  Doesn’t seem safe

[dhbookds]

---

@rosebuddy425 wrote:

I don’t believe I gave PP my SSN.  Why would I give it to eBay.  Doesn’t seem safe

---

Simply..............it's the law.........you either give it or don't sell on ebay/etsy/amazon, etc.

[electronics510]

The big question you have to ask yourself is if you trust ebay with this information. Is ebay is one of the institutions you want to to give access to your bank account social security number?

I trusted PayPal with this information. Ebay without PayPal is a disaster. They keep terrible records, provide dismal support and do not value sellers. The PayPal/Ebay split left PayPal with 8x the valuation of Ebay. Think about it.

[electronics510]

---

@rosebuddy425 wrote:

I don’t believe I gave PP my SSN.  Why would I give it to eBay.  Doesn’t seem safe

---

You probably did give it to PayPal. I did, as I trust PayPal. But unlike the absurd fallacy presented by some of these other posts(the you gave it to payal, so give it to ebay canard) I agree with you. eBay has not shown itself trustworthy enough to safeguard this information.

Their history of abusing sellers isn't going to improve once they get your social. I'd wait this one out.

[auctionpet]

---

@electronics510 wrote:

---

@rosebuddy425 wrote:

I don’t believe I gave PP my SSN.  Why would I give it to eBay.  Doesn’t seem safe

---

You probably did give it to PayPal. I did, as I trust PayPal. But unlike the absurd fallacy presented by some of these other posts(the you gave it to payal, so give it to ebay canard) I agree with you. eBay has not shown itself trustworthy enough to safeguard this information.

Their history of abusing sellers isn't going to improve once they get your social. I'd wait this one out.

---

That doesn't seem to be the OPs quandry though. They basically stated they don't want to give it out because they don't want to pay taxes on their income. Basically tax evasion.

[fluctus]

Selling used stuff that you already paid tax on is not new income.

[nobody*s_perfect]

---

@fluctus wrote:

Selling used stuff that you already paid tax on is not new income.

---

You are conflating income tax and sales tax, which are two entirely different things.

[mattl5860]

I can't recall giving PP my SSN either. I'm certainly not trying to avoid any taxes but ebay has not provided any information to me that would establish ebay as a financial institution. It has been my understanding through a claims process that ebay owns PP. I may be wrong but I'll continue with PP for making and receiving payments until it's decided my business is not needed.

[1grandmashope_1]

The rich get richer and the poor and struggling are poor and struggling. 

Sending you hope,

Grandma 

Ps..breath 

[jimshad]

I did not give it to Paypal.

[mam98031]

---

@mattl5860 wrote:

I can't recall giving PP my SSN either. I'm certainly not trying to avoid any taxes but ebay has not provided any information to me that would establish ebay as a financial institution. It has been my understanding through a claims process that ebay owns PP. I may be wrong but I'll continue with PP for making and receiving payments until it's decided my business is not needed.

---

@mattl5860 

It was a while ago.  PP notified all sellers that they needed their SSNs in 2011 due to new IRS requirements.  If you didn't provide it, you would not have been able to use PP as your money processor with your customers.

PP isn't a "financial institution", they are a money Transmitter / processor but they have never been a bank.

Ebay use to own PP.  But they spit in 2015.