New ebay payments require SS#?

They already send 1099 out. I’ve been getting them for at least 5 years or so now. Even when they put the sale money into PayPal. Also, yes it is counted as income and so you will have to have your tax guy try and bring down the numbers. A good way is to say its a business and take any and all deductions etc. It sucks. This is one reason I am just hanging on to stuff. It is not worth it now to sell on Ebay or here. Sell it locally as someone said.

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!

They have asked me for the same information saying that if I don't comply I may lose my rights to sell on ebay. I refuse to comply and I am going to cancel my account. FYI I just recently had a sale the buyer paid using their new system and they will not release the funds until I give them the information.  Not Happening too much scamming going on with ebay. 

Chuck

Yeah, I just ended three items I had for sale because all this ticked me off so much.  Like I said above, Craigslist may soon be seeing a boom of activity.

Everything would be fine IF Ebay claimed they were hacked or not?

No mater the reason your information is NOT safe anywhere. Silly to think it is.

BUT don’t just fling the door wide open for sloppy tax collecting policies.

It’s ALL about TAXES and people paying them or NOT. Nothing else.

Scammers hardly need Ebay to do it..

The government and those that collect money for them do.. I question all the collection is it actually going to the ol TAX Collector. That’s what I question... Is Ebay cooking the books? It would be absurdity to think they WEREN’T. They are as crooked as the tax collection process is.. How broke in that.. the US Tax system.. ALL OF IT.. Din of thieves

Ebay is not in the billions it's in the TRILLIONS