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New ebay payments require SS#?

I received an email from ebay and they now will deposit your amount from a sale directly into your bank account.  So, they require your routing and account numbers.  But they also required my SS number, which I'm not sure I like.  They say the purpose is to comply with government regulations.  Is there any reason to think they would transmit the amount of your sales to the irs and issue you a 1099?  I only occasionally sell used items on ebay and don't consider any amount I receive to be taxable income.  Thoughts? 
mtrot

Showing 1 response by jbs

jbs
96 posts
 
It has probably been mentioned but you do not need to provide your banking password. It asks for it, as that is one way they can verify, but if you say no you simply enter in your bank acct # and routing info just like any other electronic payment. 

I'm not sure if it will now generate 1099s but as pretty much anything I sell on ebay is used and at a loss personally I do not care at all. 
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