@markpao What happens in their process is that you first have to give them your routing number and account number to which you want your payment deposited. After that, they ask for your SS# and there is a statement that it is required to be in compliance with government regulations.
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?
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- 65 posts total
- 65 posts total