09-15-2021 01:46 AM
sold some golf clubs for 747.00 and after some bull**bleep** fees i got 640.00. last time ill use ebay for selling my items!!!! when i buy something new i pay taxes, so if i decide to sell on here or local classified ads shouldnt have to pay taxes or some made up fees on it again! you got my money for last time! used to enjoy selling on here years ago. but like most good things, someone new in management is hired and wants to be a hero and save or make more money for the company and screws up everything! wish everyone would stop selling until changes are made. shouldnt lose 100.00 of a 700.00 sale!
09-15-2021 01:56 AM
Is this your first time selling something online? How come you didn't know what the selling fees were when you listed them?
Are you talking about sales tax and income tax, thinking they are the same thing?
09-15-2021 02:16 AM
You sold something on ebay without knowing what the fees are?
Why would you do something like that?
09-15-2021 02:25 AM
whenever I sell something I pay no taxes..............the buyer pays taxes
I do however pay selling fees on those taxes
what fees are made up or bogus...........the texas flood surcharge or maybe the covid relief fund for homeless.
09-15-2021 02:28 AM
@hargi-jan wrote:sold some golf clubs for 747.00 and after some bull**bleep** fees i got 640.00. last time ill use ebay for selling my items!!!!
if i decide to sell on here or local classified ads shouldnt have to pay taxes or some made up fees on it again!
If you still took PayPal, that's 13.1% total:
2.9% + $0.30 at PayPal on sales tax + shipping + item
10.2% at eBay on shipping + item
With your Managed Payments, that's 12.55% total:
12.55% + $0.30 at MP on sales tax + shipping + item
And @hargi-jan PayPal just raised their rates in August.
Also, it's the buyer that pays the sales tax, at the rate set by their state. They pay sales tax on used cars, purchases on used items at Goodwill, etc.
09-15-2021 03:05 AM
Looks like you sold a few golf related items in the past and no doubt you paid eBay and PayPal fees on them or you just didn't notice you did. You were charged near the same amount under the Managed Payment program as you did withe the eBay / PayPal arrangement.
As far a paying sales taxes on items you sell - your buyer pays the taxes. The money processor (PayPal and eBay via Ayden) collects their fees on the entire amount the buyer pays.
If you wish to sell stuff w/o any fees - try CL or a yard sale.
09-15-2021 03:08 AM
when i buy something new i pay taxes, so if i decide to sell on here or local classified ads shouldnt have to pay taxes or some made up fees on it again!
I think you're referring to sales tax but wait.... eBay is reporting $747 to the IRS as income against your social security number so you are obligated to pay even more.
09-15-2021 03:29 AM
Yep, when one sells something on ebay, ebay wants their cut for providing you with a selling platform. Yes, some think it is too much, but it is the cost of doing business on THEIR site. The only tax YOU pay is if you make a profit on selling the clubs - sales tax is paid by the buyer, not you.. But, when you file your income tax - you do, don't you? - you take off expenses and probably end up paying less - right?
09-15-2021 03:41 AM
Complain to your government as they are the ones you should be mad at. Ebay has nothing to do with taxes.
09-15-2021 04:06 AM
The fee is correct. There's no mistake. eBay's fee is 12.55% of the total; the item cost, shipping and sales tax plus a .30 transaction fee.
I don't actually know what the buyer paid in shipping and sales tax but if it was 4% sales tax that's $30.75.
I don't know what they paid for their shipping cost but to me it's $21.71. That would be roughly $799.45 total the buyer paid. The FVF on that would be $100.63 (12.55% plus .30)
09-15-2021 04:12 AM
Bye Felicia 👋👋👋
09-15-2021 04:23 AM
eBay's fees are explained to sellers in several places.
"Made up fees"? Did you think it was free to sell on eBay?
Can't tell what taxes you're talking about, but eBay is now required by law, to charge state sales taxes to buyers in about 45 states. The buyer pays the tax, not the seller, then eBay remits the funds to the appropriate department of the appropriate state.
State sales tax are charged on the transaction, not the item. Do you shop at thrift stores or antique shops? Ever bought a used car?
All of the above information is not new and is not the result of "someone new in management".
09-15-2021 04:31 AM
"I think you're referring to sales tax but wait.... eBay is reporting $747 to the IRS as income against your social security number so you are obligated to pay even more."
That statement is false. Current law is 200 transactions and 20K. Maybe you are confused with the year. In 2022 eBay is required by law to report transactions over 600 dollars triggering a 1099. Just because you receive a 1099 it does not mean you owe anything. It is only a form showing the movement of dollars. You could get a 1099 for 5 million dollars and have zero tax liability.
09-15-2021 04:41 AM
Hi @hargi-jan ,
Here is a link to the Help Pages and a section that covers Selling fees. https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4822&st=12&pos=1&query=Selli...
Fees are charged on the Item price, the Paid shipping and any Sales tax that is levied on the transaction. The chart on the Selling Fees page shows various Fee %s that apply to different categories. The $ 640 you made on the item priced at $ 747 (I assume that is ONLY the item price and not shipping or sales tax) represents about 14.3 % in fees so was there shipping& sales tax paid on top of that $ 747?
Mr. L
09-15-2021 05:00 AM
when i buy something new i pay taxes, so if i decide to sell on here or local classified ads shouldnt have to pay taxes
Then you'll need to be complaining about Congress and your buyer's state, not eBay.
or some made up fees on it again! used to enjoy selling on here years ago.
Then you must have already been aware that eBay charges a feee for their service.