12-06-2017 07:59 PM
Hi,
I have been selling items via personal accounts and thinking about changing into business account but I am not sure what are requirements.
As far as what I know, if I sell a lot of items, and if I have a store(?), then I can have the business account.
But the only reason for me wanting to get business account is that fees can be much lower according to what I've researched.
It also seems I need a license for the legal business names and in case of reselling from maufacturer, but I am not sure if that is definitely required, although I am sure I will need one if I am to sell some big amounts from manufacturer, but that isn't happening anytime soon.
I would much appreciate it for the responses.
12-06-2017 08:29 PM
Hi, this is more a PayPal question than eBay, but here is a link to PP describing the differences between a business or a personal account, and discussion about which is needed to sell. Hope this is helpful.
12-06-2017 09:10 PM
12-07-2017 04:49 AM
@onlinetogo wrote:
... the only reason for me wanting to get business account is that fees can be much lower according to what I've researched.....
For eBay accounts in the US, there are lower final value fees for Store subscribers, regardless of whether they have a business account. There is no reason for you to have a business account if you don't operate as a business.
https://pages.ebay.com/help/account/how-to-register-business.html
Fees for sellers who don't have a Store:
http://pages.ebay.com/help/sell/fees.html
Fees for sellers with Stores, including a table showing the FVF rates, which vary by category:
http://pages.ebay.com/help/sell/storefees.html
12-07-2017 05:37 AM
Ebay definitely DOES differentiate between business and personal accounts. I signed up a couple of months ago and was asked to choose. I don't really know what the difference is as the fees are the same and both can have stores. I think maybe the business account allows multiple sign ins?
12-07-2017 05:57 AM
I thought I saw something on the shipping board recently that a business acocunt can offer multiple shipping methods, but I may have misread it.
Isn't there also something about different promotions they can offer?
But I'm not sure any of that would matter to the OP, even if true.
12-07-2017 06:10 AM
I went to my town and filled out a form so I am reconized as a business in my town and on my taxes I can write off a % of items like my car, phone, utilities. I also have to fill out a property tax form every year so the town can tax me on my computer/Printer and desk. I been doing this for 5 years this way and I never had to pay property tax yet. I sell part time.
Jeff
12-07-2017 06:11 AM
@chrysylys wrote:I thought I saw something on the shipping board recently that a business acocunt can offer multiple shipping methods ...
Any seller who uses the Advanced listing form can offer up to 4 shipping options.
The link that I provided above explains the differences for a business account.
12-07-2017 06:13 AM
@nhfd4976 wrote:I went to my town and filled out a form so I am reconized as a business in my town and on my taxes I can write off a % of items like my car, phone, utilities. ...
Any seller who uses Schedule C can take the home office deduction if it meets the IRS requirements, regardless of their status with their community.
12-07-2017 06:44 AM
Hopefully you've had a competent CPA review that process. IRS auditors just LOVE people that deduct everyday expenses for 'business' purposes.
12-07-2017 06:55 AM
@nhfd4976 wrote:I went to my town and filled out a form so I am reconized as a business in my town and on my taxes I can write off a % of items like my car, phone, utilities. I also have to fill out a property tax form every year so the town can tax me on my computer/Printer and desk. I been doing this for 5 years this way and I never had to pay property tax yet. I sell part time.
Jeff
Your town taxes you on your computer, printer and desk??
12-07-2017 06:57 AM
@the*dog*ate*my*tablecloth wrote:Ebay definitely DOES differentiate between business and personal accounts. I signed up a couple of months ago and was asked to choose. I don't really know what the difference is as the fees are the same and both can have stores. I think maybe the business account allows multiple sign ins?
Business accounts have a lot more tools as far as record keeping and such. You can also link to Ebay, take credit cards in person, and set up on your own website. Can't do that with a personal or Premier account.
12-07-2017 07:00 AM
@southern*sweet*tea wrote:
... Business accounts have a lot more tools as far as record keeping and such. You can also link to Ebay, take credit cards in person, and set up on your own website. Can't do that with a personal or Premier account.
Those are features of PayPal accounts, not ebay.
12-07-2017 07:08 AM
@partial*eclipse wrote:
@southern*sweet*tea wrote:
... Business accounts have a lot more tools as far as record keeping and such. You can also link to Ebay, take credit cards in person, and set up on your own website. Can't do that with a personal or Premier account.Those are features of PayPal accounts, not ebay.
my bad, it's too early lol
12-07-2017 07:30 AM
Here, this is for you: