mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@scifipropbuyer wrote:I've read a few of your responses to other people and you sound like a shill because you're quick to defend ebay and aggressive to the people who post here. You can keep your worthless advice. I am quite sure I know what you're here for.
You got upset with me because I asked you some questions that you either felt you didn't want or need to address. That is absolutely your right and I respect that. From that you decided I was a "shill". How you come to that conclusion is interesting to say the least.
I'm not defending Ebay. You should spend a little more time with what I've posted. Stating the facts of how something works, how it is designed to work is NOT defending anything. It is simply stating how the system currently works. I know some, such as yourself, want to read more into that than I've said. I'm pretty good about saying what I mean. There isn't any need to try to spin it into something it is not. It serves no purpose except maybe to make you feel a little better.
To say this change to MP is difficult is simply a complete understatement. It is the biggest and hardest change Ebay has ever brought to the site. Some things in MP are fine and others not so much. It is always best to make an informed decision with the actual facts and not using assumptions and gossip to make such an important decision as to whether to stay or go.
As I've said many times, this is a decision for each of us to make. For myself, it makes no difference to me who stays or goes. That is not important to me at all. Just trying to clarify and make sure the correct information is out there for those to use in their decision making process.
BTW, in case you were unaware. These are member to member discussion threads. We all have the right to post in a respectful manner. There is no need to try and insult someone else that you don't like what they have had to say. It only means you see things differently. Insults aren't necessary, warranted and frankly they are against the rules of the community. If you'd like a link to those rules, just ask.
@radcon0202 wrote:I never had to give my SSN or D of B to PayPal. I did have my PayPal account broke into and they took all earnings I had made plus charged $500.00 on my credit card. Why should I trust Ebay with confidential
information. More Big Government on the rise.
Biden's World
When you set up your Ebay account you had to provide a birthdate, as they require it because you must be 18 years old to have an account on Ebay. Whether buying, selling or both under the ID, your birthdate was required.
Ebay isn't part of the government anymore than PP is. So not everything is political.
I too had my PP account hacked last spring. Pretty darn scary to be sure. Lots of money being sent to and from my account before PP got it stopped and fixed.
Ebay has protected our information for over 25 years. But I understand why some are concerned about this. You will just have to use your best judgement. But Ebay has had some financial data on lots of sellers for many years. However anything on the internet has a risk.
@pepar_5236 wrote:It is more complicated than that if you are pulling SS.
Yes it is. And it would be your responsibility to make sure you stay under the allowed income levels that SS allows.
But even if the money you earn online wasn't going to your bank account, you still should have been reporting your sales on your tax returns. Even when you were in PP. If you haven't been and you get caught, it could cause you lots of problems.
You can earn up to around $18,000 a year without disturbing the amount you get from SS. That is AFTER expenses. So make sure you are tracking ALL your expenses.
@postingid7659 wrote:
@iart wrote:You're complaining that you have to pay taxes on your ebay sales?
So, basically, you've had an unfair advantage over other sellers, like us, who pay their taxes. And we're supposed to feel sorry for you?
This thinking makes zero sense (or is that cents). The buyer has no idea how the seller handles their finances. If you're not paying taxes you have no idea what they are to even know to reduce your prices. You price it either what makes you happy or what the market will bear. If somebody else makes a few cents more on the same item so what?
I think you missed the point of that posting. It had nothing to do with a buyer or buyers.
@strat1012 wrote:It is the sellers responsible to report income if it is a commercial sale.
Private sales are not taxable otherwise all garage sales would need to register. Selling items does not make it automatically income: if you bought a DVD player for $100 and sold it on eBay used for $50 you did not make income, you lost $50. Businesses who buy items wholesale and resell are doing so for commercial purposes.
Providing a social security number for non-approved purposes (which includes just about everything) is actually against the Federal Code and is such compelling one to provide it. It is actually a number for a retirement benefit that people pay into.
Recently a reoccurring item of my sold on eBay no problem. I just went to list another item and bam my account is suspended until I can verify all this information. I can skip, but then what? They'll hold my money? I don't want eBay managing my payments or to participate in this system, so I guess I'll be a buyer only.
For the record, I reported everything that I sold that was business related and barely had any private sales and my numbers were less than the $20K, so to think that this system is needed for "fairness" to prevent people from evading is a laughing joke. It is just more regulations on people.
"commercial" sale isn't a requirement. FYI ALL sales on Ebay are business transactions. None of them are personal.
Rules on Garage Sales vary wildly across the country. Some places you can have them a few times a year without issues. Others require permits. You just need to check the rules for the area you live in.
Whether or not you are selling your own used stuff on the internet or at a garage sales, if that is all you are selling it is likely you will not have any additional income taxes because of it. That however does NOT mean you don't have to report it. So keep records as complete as you can.
However if you start buying stuff for resale, even if it is used stuff or getting stuff from others to sell, that changes things.
MP is now requiring just the last 4 digits of the SSN unless they see a need to have the full SSN or they may come back and require it at a later date due to various different thresholds for having to send out a 1099K to sellers. Some states are adopting laws to require 1099Ks for as low as $600 in sales.
The Federal laws are REQUIRING MP to gather SSNs to help verify identity, so that would bypass what you are referring to. You can read up on this in the Anti Money Laundering law and the US Patriots Act.
The email MP sent out to you gave you a date in which you had to register by. Then they have to verify what the information was that you provided. If there is an issue with the information they let you know you need to either correct something or supply additional information. Until you do, your MP account is not yet active. So yes you are blocked from listing or correcting listings until you get this resolved. If you are reading your emails, this should not have come as a surprise.
Ebay is NEVER going to get in the business of determining who should be paying taxes on their income here and who shouldn't. That is not their job. Their job is to comply with the laws of the land and that is what they are doing. And if you read more of these threads on this subject, you will see lots of casual sellers that apparently haven't been claiming their income and are completely upset that IRS might be getting some visibility of their income here. In PP they could hide it if they never moved it out of PP and did not sell more than 20k. Now states are getting in on this with requirements of their own on 1099Ks as low as $600.
https://www.1040.com/blog/2019/7/12/selling-stuff-online-taxes-for-etsy-ebay-letgo-and-more/
https://www.antiquetrader.com/collecting-101/behind-gavel-hobby-become-business
https://www.irs.gov/newsroom/five-things-to-remember-about-hobby-income-and-expenses
@strat1012 wrote:I never said 'personal' I said private, there is a difference.
I read further into this and eBay is pretty much trying to get away from PayPal which is a big part of what this is about. Everything goes to where you are standing from. Where eBay is standing from is it is a business and they are trying to comply. Where you are standing from is likely different, but when you deal with eBay you are dealing with where they are standing from. Doesn't mean I agree with the direction or want to participate.
There are no "personal or private" sales on sites like Ebay.
