eBay going from Bad to WORST every single day now !!!

[altar_x]

Ever since they changed their CIO, eBay has been going behind. This can be seen by them in their monthly reports. They managed to drive out thousands of sellers because of their ridiculous and ill-considered changes. Honestly, if they don't change something, eBay will probably become the new aliexpress. From here, only Chinese rubbish can be bought, which is already flooding the world. It would be good for the admins to pay attention to all these opinions, because they are not insignificant.

[frankbama41]

You asked where they were getting the 3% percentage "eBay actually gets about 3% of any taxes they collect from the states, on top of charging us a percentage fee of it too!" 

They get the 3% processing fee on the tax, that's exactly what it seemed you were responding to. 

Just because it's been beaten to death doesn't mean it wasn't what they were commenting on.

[divwido]

Excuse me, BUT STOP ALREADY!!!!!!!!!!!!!!!!!!!!!!!!

I am sick of the complaining, the bellyaching, the threats.  Stay, Go, WHATEVER.   just stop complaining or complain to someone else somewhere else.      All you've done is started another  stupid board complaining to complain.

[mam98031]

---

@frankbama41 wrote:

You asked where they were getting the 3% percentage "eBay actually gets about 3% of any taxes they collect from the states, on top of charging us a percentage fee of it too!" 

They get the 3% processing fee on the tax, that's exactly what it seemed you were responding to. 

Just because it's been beaten to death doesn't mean it wasn't what they were commenting on.

---

My fault, I misunderstood your post.  I thought you were talking about the amount each state pays Ebay for doing the collecting and remitting of the sales tax.  Sorry.

[mam98031]

Who are you addressing?

[frankbama41]

Hopefully. I could see a non-SUT state deciding to increase its revenue on taxing online purchases while keeping in-state purchases at 0. Encourage citizens to spend money and increase income flowing (assuming they have a state income tax) within their state but still knowing they'll get tax revenue on all them Netflix and Disney+ plans.  

[frankbama41]

No problem!

[firesteel_surplus]

@altar_x 

Yeah, I know. It's horrible. HORRIBLE, I say.

I can't believe I'm still here making money.

Mike

Firesteel Surplus

[jmbmh1]

I don't have a link for you. What I do know is that when I collected sales tax in the state of Colorado that the state paid me about 3% to collect their taxes. If I  collected say $100 in taxes from the sale of goods  (about  $3333 gross sales plus or minus) the state would give me $3 for my efforts. The 3% may not be the correct amount, but I did get a stipend

[wildpitchsports]

The reality is that sellers WILL leave because of this 1099-K reporting threshold.

Let me make it simple for you.

1. A smaller of impacted sellers realize this starting this week and leave in January or 1Q, 2Q. Less fees = less income to eBay = stock goes down.

2. A larger amount of sellers actually GET the 1099-K in January of 2023 and leave. That will be when the real hit takes place. Even less fees = even less income to eBay = stock goes down.

Don't just brush this off as "yet another thing people are complaining about." This one has the most impact on people than literally any change eBay can put in. 

[winterpalace25]

I started selling used books on Amazon the week Jeff Bezos opened his book site to third party sellers over 20 years ago.  Added eBay about 10 years ago. I am a micro-seller who loves books and never netted more than a couple of thousand dollars a year.  It used to be a side gig for pin money and now it supplements my Social Security.

From the very beginning, I have kept sales and expense records on a Microsoft Word table and filed a Schedule C with my taxes. I am really surprised at the number of complaints about this reporting update.  Do most small sellers really think under $20,000 has been untaxable income?

[wildpitchsports]

---

@winterpalace25 wrote:

I started selling used books on Amazon the week Jeff Bezos opened his book site to third party sellers over 20 years ago.  Added eBay about 10 years ago. I am a micro-seller who loves books and never netted more than a couple of thousand dollars a year.  It used to be a side gig for pin money and now it supplements my Social Security.

From the very beginning, I have kept sales and expense records on a Microsoft Word table and filed a Schedule C with my taxes. I am really surprised at the number of complaints about this reporting update.  Do most small sellers really think under $20,000 has been untaxable income?

---

From those I have spoken to on various other platforms, and seen on not only here but other sites like eBay and even what we've seen here, I would hazard to believe that number is far higher than people think most definitely.

[yuzuha]

---

@altar_x wrote:

You miss a very important detail and it is the pandemic. If you compare the results during the pandemic and those before the pandemic, you will see that eBay is losing. Remember that because of the pandemic, people are shopping more online. But what will happen when the pandemic is over? 

---

Nah, they're back to B&M shopping again. My B&M job is bustling just like it was pre-pandemic.

[mam98031]

---

@jmbmh1 wrote:

I don't have a link for you. What I do know is that when I collected sales tax in the state of Colorado that the state paid me about 3% to collect their taxes. If I  collected say $100 in taxes from the sale of goods  (about  $3333 gross sales plus or minus) the state would give me $3 for my efforts. The 3% may not be the correct amount, but I did get a stipend

---

All the states are not the same.  I think it would be very interesting what percentage each state gives Ebay.  Don't get me wrong.  I think the cost of Ebay doing this belongs to the states and not to the sellers.

[mam98031]

---

@wildpitchsports wrote:

The reality is that sellers WILL leave because of this 1099-K reporting threshold.

Let me make it simple for you.

1. A smaller of impacted sellers realize this starting this week and leave in January or 1Q, 2Q. Less fees = less income to eBay = stock goes down.

2. A larger amount of sellers actually GET the 1099-K in January of 2023 and leave. That will be when the real hit takes place. Even less fees = even less income to eBay = stock goes down.

Don't just brush this off as "yet another thing people are complaining about." This one has the most impact on people than literally any change eBay can put in. 

---

Some will.  Doesn't make a bunch of sense, but some will.  Some of those that leave will be misinformed as was some of the information you have posted earlier on.  And that is sad.  It is important to post correct information so that you don't damage someone financially unnecessarily.  

Some will leave because they simply haven't done their homework to realize if they are ONLY selling stuff from around their home, while they may have to claim it on their Federal taxes, they will NOT owe any more in taxes.  This is a really important note.

I have absolutely NO NEED for you to make anything "simple" for me.  I fully understand the new law coming next year and the impact on some sellers that it will have.

1.  Then if they leave that soon, these small sellers are having a good deal of sales.  If they are selling their own stuff from around their home, it is sad they will give up that income when it is completely unnecessary.  For others that quite that soon because they are doing so well in their selling stuff, they are spending a dollar to save a dime.  If sales are good, just follow the laws and report your income.  Problem solved and most of the money is still in their pockets.

2.  I don't have any concern for those that are actually evading paying the taxes they are suppose to be paying.  You have only guesses as to what will happen.  Maybe it will and maybe it won't.  

I NEVER said "yet another thing people are complaining about."   So if you want to quote me, make sure you get it from one of my posts, not someone else's.  

Ebay did NOT create this change, Congress and IRS did.  Ebay has no choice.

[femmefan1946]

hen I collected sales tax in the state of Colorado that the state paid me about 3% to collect their taxes.

That will vary from time to time and from state to state.

When we were collecting taxes in Ontario for our B&M store, we got a small rebate (about 1.5%) as wages for processing the tax.

Then the government changed and so the rebate disappeared.