Why does eBay need my SSN 2021?

They need your social security or tax ID # because the government requires it. Sellers had to provide the same information to PayPal years ago - many have forgotten. eBay has to comply with federal and state laws. You don't have to like it, but if you want to sell here you do need to comply.
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Do I have to give eBay my SSN?

This may impact the 2022 tax return filed in 2023. Once the $600 threshold in annual sales is reached, eBay will require sellers to provide their full 9-digit Social Security number or Individual Tax Identification Number before they can continue to sell on the platform.
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Is it safe to provide SSN to eBay?

The information is encrypted. They have certification for the federal government that they are following PPC protocols. The fear, like most things, is generated by people who want you to buy something....
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How much can you sell on eBay before you get a 1099 in 2021?

No, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K for all sellers who sell $600 or more.
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How do I avoid sales tax on eBay 2021?

Is there any way to avoid paying sales tax on eBay purchases?
  1. They live in (and are having their goods shipped to) a state with no sales tax.
  2. They are a reseller and have presented a valid resale certificate.
  3. They are a nonprofit and have a tax exemption.
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Why is eBay Asking Me for My Social Security Number? | Managed Payments



Why does eBay now need my SSN?

They need your social security or tax ID # because the government requires it. Sellers had to provide the same information to PayPal years ago - many have forgotten. eBay has to comply with federal and state laws. You don't have to like it, but if you want to sell here you do need to comply.
Takedown request   |   View complete answer on community.ebay.com


Does eBay have access to your bank account?

1. eBay isn't secure enough to have direct access to your bank accounts. 2. if you did not choose to link your bank account to eBay then they may have been quietly axing your listings.
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Is eBay secure?

eBay is safe thanks to its Money Back Guarantee, but some experts are critical of the protections in place for sellers on the site. eBay is more than 25 years old and has developed some robust protections for buyers and sellers in its history.
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How do I protect my identity on eBay?

Here are some things you can do to help protect your eBay account and keep your personal data safe.
  1. Change your password regularly. ...
  2. Add 2 step verification. ...
  3. Add a trusted device. ...
  4. Update your contact details. ...
  5. Watch out for spoof or phishing emails. ...
  6. Report any strange activity on your account.
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Has eBay been hacked?

14 million alleged Amazon and eBay account details sold online. An unknown user was offering the data of 14 million Amazon and eBay customers' accounts for sale on a popular hacking forum. The data appears to come from users who had Amazon or eBay accounts from 2014-2021 in 18 different countries.
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Is eBay a scammer?

eBay is a legitimate shopping resource, and most people have good experiences while using the site. However, there are many eBay scams that you need to watch out for to protect yourself. Whether you buy or sell on the site, you should know about major eBay scams so you don't become a victim.
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Is it safe to link my bank account to eBay?

Do not trust them, they can instantly take money out of your account for fraudulent activity, but when it comes to putting the money back in - you have to go through an unnecessary process and ebay even admits the transactions were fraud.
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What happens if I don't give eBay my bank details?

Answers (2) if you are on the ebay managed payments and dont give your bank details then ebay can not put the money in your account.
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Can eBay remove money from my bank account?

In other words, if you agreed to managed payments (not like there was even an option), Ebay will hold your bank account information hostage ad infinitum. It cannot be removed - only replaced by ANOTHER bank. This happens even if you have NO payments pending.
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Can eBay sellers still use PayPal?

No. You have to sign up for managed payments.
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Is it safe to give PayPal my Social Security number?

Short answer: yes. PayPal is a secure and well established way to send and receive money, and it's definitely not a scam. In terms of safety, the recipient doesn't even get to see the sender's bank account number or credit card number, so you actually disclose less financial information than in some other transactions.
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Can I still use PayPal on eBay 2021?

Buyers can still use PayPal to purchase items, but the selling process now takes place solely via eBay's managed payments system from start to finish. eBay says the new system is simpler, more convenient and gives buyers more payment options.
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Why does eBay now want my bank account?

eBay Forcing you to give your checking account with routing number and Social Security number. The government is the one that requires eBay to collect this info so they can verify your identity and issue 1099 forms as required.
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Why does eBay want my bank account details?

Looking at your listings, it looks like you are on managed payments to get paid so if your item sells you will not be able to get your money without giving your bank details.
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How do I withdraw money from eBay 2021?

If a bank account is on file with PayPal, the PayPal balance can be transferred to the bank at any time for free by clicking on the “withdraw” link near the top of the PayPal home page. Transfers are deducted from PayPal immediately and usually take three to four business days to appear in the account.
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How do I remove my bank details from eBay?

Removing payment information from your account
  1. Go to My eBay.
  2. Click the Account tab, and then click the Personal Information link on the left.
  3. In the Financial Information section, find the payment method you'd like to remove and click the Remove link on the right.
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How do I add my bank account to eBay 2021?

Updating your checking account details for payouts
  1. Go to Payments in Seller Hub or My eBay.
  2. Select Delete next to the payout method you want to update.
  3. Select Add and follow the steps to add your new payout method.
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Is eBay safe to use credit card?

Your buyers will be able to pay safely and securely with credit card, debit card, Apple Pay, Google Pay, or PayPal and complete their entire transaction on eBay, with the option to save and store their payment information for future use.
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What should I not buy on eBay?

Popular Posts
  • Food. Okay, you may be thinking, why not? ...
  • Handmade Crafts. You are allowed to sell these on eBay, but you may well not get as good of a price for your work as you would on etsy.com. ...
  • Items that need authentication. ...
  • Jewelry. ...
  • Large items. ...
  • Heavy Items. ...
  • Counterfeit (bootlegged) items. ...
  • Cigarettes and Cigars.
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Can police get involved with eBay?

Reports about transactions outside of eBay or PayPal may not be investigated by law enforcement, although your report will help the police to build intelligence and monitor fraud activity. eBay will always assist in a criminal investigation received from Law Enforcement.
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