Sounds like an indirect phishing scam even if it is truly eBay. The compliance costs, safeguarding information alone will be a massive cost increase to companies like eBay. Wait until they have a major breach with information that can empty your bank account. I would never provide bank account#, routing# and SS#. Expect to get screwed by a merchant somewhere just as much as if you sent it to the Nigerian “diplomat” that has money they can’t access overseas and they need your help getting it out for a finders fee. They just need the same information from you. “eBay” and anyone can ask for that information as much as they want, but I’ll take my business elsewhere!
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?