Soocial security #

[vieuxjoyaux]

Hi

I am selling a lot of stuff accumulated through the years, I am not a business. I was happy to just get things out of my house, I really have too many things.

A while ago I inquired how to stay with paypal because I did not want to give my SS# to ebay. Here is what I was told: Thank you so much for your patience. What I will do here then is to send your account information to so that you will not be transitioned for the managed payments to keep using PayPal.

Then I received an new ebay mail telling me if I do not register I will not be able to make new sell. I contacted ebay through chatand this is what I was told:

Unfortunately this will be the new process for selling items on eBay. We will now permanently cut ties with PayPal. Your listing abilities will be restricted if you will not be opted in to Manage Payments.

Im sorry but that is correct , you can only continue using Paypal if you are listing items under categories such as Coins & paper money, gift cards & coupons, ebay motors other than that there is no option to opt out.

So can any one tell  why those people do not have to expose their SS#.

Thank you

does any one knows why some sells can still happen with paypal

[espresso_warehouse]

It's not complicated at all. It's simple. The law which you've been claiming exists for months does not exist. Which is why you can't find it.

The law at the moment is pretty clear. There are thresholds, below which they aren't required to report. Sure, it's probably good practice for eBay to be proactive and weed out any potential violators or deadbeats, but it's not actually the law at this time. It's eBay policy. Other companies simply cut you off as you reach a frequency or amount which they feel is appropriate. Might not work for eBay, so they do it differently. It's their prerogative whether to collect that info at $0. It's not their prerogative to collect that information at $20k, that's where federal law requires it.

[hurryagain]

LOL!!!  Where the government is concerned it is never simple.  Just look at what happens when they decide to do "a few"changes to our income taxes---it ends up being a 500+ page nightmare some years...and that's to make it "simplified."

They take the simple and make it difficult, then they take the difficult and make it impossible.  Usually layer upon layer with other layers tucked between those layers...

...call me when it's simplified...

[espresso_warehouse]

I used to find it complicated. The first year I had to pay taxes on a bunch of stock options, I found it 'complicated'.

Frankly the IRS isn't that bad. It's the state and local taxes(I just moved out of San Francisco) which really started to feel a bit arbitrary and punitive. IRS has always been pretty even handed in my experience.

[hurryagain]

I find the IRS people awesome myself.  It usually isn't the IRS at fault...it is the bureaucrats and politicians that make this ---- up, the IRS just implements what is handed to them...you know...the "new rules/laws"

...I'm sure the people at the IRS roll their eyes as much as we do!

[penguins_dont_fly]

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@johnny8174 wrote:

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@hurryagain wrote:

I remember a few years back PayPal requiring the same info from sellers so seeing it from MP although totally annoying...not surprising given that PayPal situation back then. 

I will say that I had an easier feeling about giving PP that info since they have proven themselves to be trustworthy with my $$$ and my info... so far...

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Adyen actually handles payments for a lot of big companies, including Etsy. They're pretty solid.

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And Netflix and Uber ... and Microsoft

https://www.adyen.com/customers

[iart]

If you are selling things you ARE acting as a business. As a business there are rules and regs you need to follow (often for your own benefit). I hope you read through the some of the postings in here to see where you can go wrong and how to maintain a professional attitude.

Honestly, your SSN is pretty low on the list of concerns you should have.

[mam98031]

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@espresso_warehouse wrote:

It's not complicated at all. It's simple. The law which you've been claiming exists for months does not exist. Which is why you can't find it.

The law at the moment is pretty clear. There are thresholds, below which they aren't required to report. Sure, it's probably good practice for eBay to be proactive and weed out any potential violators or deadbeats, but it's not actually the law at this time. It's eBay policy. Other companies simply cut you off as you reach a frequency or amount which they feel is appropriate. Might not work for eBay, so they do it differently. It's their prerogative whether to collect that info at $0. It's not their prerogative to collect that information at $20k, that's where federal law requires it.

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Yet I located them and put the links out there for anyone to read if they want.  Both the AML and the Patriots Act require the information.  You are talking to what IRS requires.  That is yet another area in which it becomes required, you are certainly correct on that.

It is fine.  It doesn't matter if you agree with me.  It doesn't matter to me nor does it matter to the facts.  

[stephenmorgan]

I opened a new checking account (at different bank) last year that I only use for the purpose of transferring money between different institutions.  I did not provide a Social Security Number or a Tax I.D. Number and only had to provide Identification of who I am.

It was not a problem until October. 

I did not transfer my money out fast enough so I earned $0.39 interest.  Because I did not have my Social Security Number or Tax I.D. number, Federal Income Tax of $0.09  was withheld as required by law.

I know years ago it was voluntary to provide you Social Security Number or have Income Tax Withheld, so is it still voluntary or did my new bank mess up?

[aviation_man]

This reply is not to anyone in particular, and is not asking for a reply.  Simply hoping eBay and other small sellers read it.  

The REAL answer is stop selling on eBay.  That's what I did...cancelled all listings (I had 3 things listed...very small time seller).  There are so many places to list things today...after 20 plus years on eBay, I'm ok with saying "I'm done" 🙂

[mam98031]

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@aviation_man wrote:

This reply is not to anyone in particular, and is not asking for a reply.  Simply hoping eBay and other small sellers read it.  

The REAL answer is stop selling on eBay.  That's what I did...cancelled all listings (I had 3 things listed...very small time seller).  There are so many places to list things today...after 20 plus years on eBay, I'm ok with saying "I'm done" 🙂

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@aviation_man 

While you did request that no answer were necessary, I feel the need to respond.

While I I respect your decision that the site is no longer meeting your expectations and therefore you have decided to leave, I hope you can respect the decision by others to stay.  This is a decision for each of us to make for what is best for each individual.

[veronicabooksandart]

I would imagine yes - that the laws are stricter for banks. So I will take this opportunity to parrot one this boards favorite distinctions: Paypal is not a bank... Adyen is not a bank... and eBay is a front.
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Mercari acknowledges thresholds.

[lightlily_arts]

eBay has been gradually migrating all sellers to MP.  Sellers who had the majority of their items selling in those restricted categories couldn't be migrated to MP.  Apparently that changed in January per this message received on another account that sold foreign currency coins and banknotes.  That account is so small that when eBay says it needs to register for MP we will stop selling on that account and migrate all the listings elsewhere.  FYI you can't sell coins or currency on Facebook's Marketplace as we tried.

Sellers in the Coins & Paper Money and Bullion categories will be enabled for managed payments

Starting January 13, 2021, sellers in the Coins & Paper Money categories, including Bullion, will be notified to register or will be activated for managed payments if you’ve already pre-registered. Sellers that are already activated on managed payments may create listings in these categories beginning January 25. Learn more about managed payments.

Thank you for selling on eBay,

[mam98031]

Mercari will have to change in light of some states now requiring 1099K for as  low as $600 in sales for a calendar year.

[mam98031]

@lightlily_arts 

They changed that for coins.  MP will be won't be ready for coin sellers until later this month or early next month if they stay on schedule.

[espresso_warehouse]

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@mam98031 wrote:

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Yet I located them and put the links out there for anyone to read if they want.  Both the AML and the Patriots Act require the information.  You are talking to what IRS requires.  That is yet another area in which it becomes required, you are certainly correct on that.

False. There's a reason you can't quote an actual law and instead chose to post a 129 page PDF(which you clearly did not read); because NO Federal law requires eBay to get an SSN to transfer $10, $100 or even $1000, and certainly doesn't require SSN harvesting to simply LIST items.

Banking requires this. Depository institutions require this. eBay, Venmo, Cash app and every other transfer business is NOT required to do this until 200 transactions or 20k.

The law is clear. There are thresholds associated with money transfer 1099 requirements. You fail to understand it and keep repeating the same thing, but eventually it's going to sink in and you will stop repeating that fallacy.