NEW PAYPAL AUDIOGON PAYMENT RULES

As discussed in the previous thread, this is surely an innovation designed for reporting to the IRS.  And if you have "merchant" status,......…….well......

The IRS are already all over private sales thanks to PayPal reporting for last 3 years anyway.
At last count it was 34 states that have to report income earned ( IRS terminology not mine).
PayPal automatically send you and the IRS a notice of your revenue if over 200 transactions or $20000 USD.

In our hobby you could blow that in one deal!

Notice that PayPal do NOT differentiate between sales and friends and family gifts in their revenue notice.
This is something that I believe will be their undoing as rumours of a class action lawsuit for this reason are afoot.

However right now if you get a notice from PayPal you better declare it at tax time or the IRS will catch up with you.

My transactions are far below $20k and/or 200 total. 
I like this site, but I’m gone. 
Best of the holidays, folks!

Op
It will not matter what site you use as it is a PayPal thing they have cooked up with the irs.

Do not leave over such a simple matter as just adding the personal id that PayPal have already assigned to your account.
Two minutes and you are all done.