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 3 responses by kingbarbuda

@chicagoblue1977 1. Thank you for your service. 2. There are Republicans in Chicago and yes, in Chicagoland too.

About eBay, I don’t like buying and selling on eBay. 1. eBay charges sales tax. 2. When you sell on eBay, even though you are not collecting the sales tax, PayPal charged its fee on your sales price PLUS the sales tax! As for audiophiles it is not a good place to be doing business. I shifted more and more of my transactions whenever possible to Audiogon or usaudiomart. Doing so is much better for both buyer and seller. My advice: ditch eBay. 
I suggest that the audiophile community ditch eBay and support the audio gear aftermarket selling/buying sites. eBay offers no protection. They say they do. From personal experience they don’t. They charge high fees and sales tax. It is not attractive at all. If I want to sell something and reach the audiophile community all you need is Agon and usaudiomart. If you want to, aufiophilestyle. This especially goes for expensive gear.