Done selling on eBay, they are demanding my social security number to sell


They are forcing everyone into what they call "Managed payments" that requires  you to give them bank account information and your social security number. Looks like I'll be selling here from now on. I know I gave it to PayPal years ago so they have it, but I'm done giving it out. I called and the rep told me they are legally required to have it in order for me to sell. That is a load of crap.
herman

Showing 3 responses by uberwaltz

You can love or hate ebay but the fact remains they have a massive customer base to sell to.
Just this weekend I sold two audio items within hours of listing and not at giveaway prices but fair to all pricing.
These two items were also listed on USAM but not even a sniff there.
Now yes , costs at ebay are obviously way higher total nearly 13% all in.
But depends on whether you want to get your items sold fairly quickly or sit on them for xx amount of time?

BTW, I thought Ebay owned Paypal.
Very old news on the "divorce", maybe 3 years ago now?
Very soon ebay will require ALL sellers to be using their managed payments so there is that to consider.
Been on managed payments for maybe 7 months now, no issues to report.
It was inevitable after the eBay and PayPal divorce really.

The 1099 for the irs is also nothing new, just being enforced now by PayPal and eBay since 2016. Prior to that the irs was reliant on individual to report, yeah right like that was going to happen.

All to do with money and nothing more, good old government worried they were losing so much sales tax due to internet sales.
And of course all they came up with was a half baked scheme.

What a surprise.