Why does eBay need my SSN?

It said, “Verifying your information allows us to comply with know-your-customer obligations, which keeps eBay a trusted marketplace,” and it pointed to eBay.com/verification-help.

Should I give eBay my Social Security number?

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.

Is it safe to add 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....

What happens if I don't give my Social Security number on eBay?

Failure to provide this information will result in payouts being put on hold and the ability to list on the platform may be restricted. eBay may also deduct backup withholding from future payouts.

What eBay reports to IRS?

Your sales on online marketplaces like eBay are considered reportable income once they are over a certain amount. Because eBay processes payments for these sales, IRS regulations require us to issue a 1099-K for US sellers who sell $600 or more.

Why is eBay Asking Me for My Social Security Number? | Managed Payments

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.

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.

Why does eBay need my bank account number?

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.

Why does eBay need my ID?

Ebay is verifying your identity by asking for the ID to make sure it matches up with the banking/financial information you have already provided. You have 70 current listings, so you might want to comply with their request ASAP.

How long does it take eBay to verify SSN?

Sometimes a couple of hours. Sometimes a couple of days.

How does eBay verify identity?

When you start listing your item on eBay, you can choose to confirm your identity by providing your bank account information. Or, you may have already listed your item, and been prompted to complete the identity confirmation process.

How do I avoid paying taxes on eBay?

Only goods that are sold for a profit are considered taxable, so you won't owe any taxes on something you sell for less than what you paid for it. For example, if you bought a bike for $1,000 last year, and then sold it on eBay today for $700, that $700 you made would generally not be subject to income tax.

Why do I have to verify eBay?

Verification is typically used to prevent bots from attempting to sign in to your account -- by proving that you can recognize images you demonstrate that you are not a bot.

Why is eBay asking for my drivers Licence?

The unique identifiers, age, name, drivers license and date of birth, used to designated as security risks, and providing combinations or all of them increased the risks of security breaches.

Can eBay seller ask for ID?

I am REALLY glad to see that other sellers who have been with eBay for many years with 100% positive approval ratings are upset because they are now requiring us to provide a photo ID along with all of the other private information they already have on us.

Can eBay just take 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.

Why is eBay not using PayPal anymore?

Why eBay abandoned PayPal. eBay says it's moving from PayPal to Adyen in order to “improve its customer experience” by intermediating payments on its marketplace. “In doing so, eBay will manage the payments flow, simplifying the end-to-end experience for buyers and sellers,” the company said in a statement.

Why does eBay keep asking me to update my bank details?

This particular message is to advise you that eBay are switching to Managed Payments and it is now your turn to provide details for them to switch you over.

Should I give eBay my bank details?

There is no ability to not provide your banking information (not if you want the money from your sales). No doubt you'll hear some nasty stuff about Managed Payments. I don't doubt that many have real issues with the program, but most sellers do fine.

Can I use eBay without a bank account?

No, you must have a checking account.

How do you tell if your eBay account has been hacked?

Signs your account has been hacked

If your account has been compromised, you may notice some or all of the following: Changes to your password, contact information, or address details. Bids, offers, or purchases that you didn't make. Listings that you didn't create.

How do I protect my identity on eBay?

What should I not buy on eBay?

What is the safest payment method on eBay?

PayPal is the recommended method to buy on eBay safely because it offers more protection for buyers. If you use a credit card, check your credit card balance to make sure you have been billed the correct amount and have not paid for any items that you don't recognize later on.

Do I need to verify my identity on eBay?

Confirming your identity is only required the first time you list an item. If you have not confirmed your identity with eBay and PayPal, you will not be permitted to list your items internationally.