eBay has been doing this now, for about a year and a half. I've had no problems, so far. Initially, I didn't understand why they did this, only a few years after selling off Paypal. So It seemed kinda stupid. But I think it has to do with some legal changes both in the US and in Europe. In the US, all online transactions need to include the sales tax of the buyer's state. In Europe, they want the VAT collected at time of purchase. When eBay took over handling the payments, they take care of both of those. Sales tax and VAT get routed directly from the buyer to eBay, and (I assume) to the respective government agency. I only get the item's price, shipping (that I established), less eBay's fees (~10%). They deposit that amount to my bank account, either daily, or weekly, dependent on the sellers preference.
I Long ago set up a different bank account, at a whole different bank, just for online stuff. That way if either eBay or Paypal get hacked, only this "online use" account is exposed. Your SSN is needed, if and when they issue 1099s. Of course, all banks now, have an on line presents, so with my luck, my main bank gets breached, while the small sum, at the "online use" bank stays unaffected. On Thursday, March 31, 2022 at 1:45:37 PM UTC-7 Pramanicin wrote: > Etsy sellers have nixies etc on them....I quite liked that platform in the > beginning, but slowly their commissions grew higher and I gave up using it > as a seller. > > On Thu, Mar 31, 2022 at 1:30 PM 'Grahame' via neonixie-l < > [email protected]> wrote: > >> Hi >> >> So far I've not had a problem with eBay or Paypal but then I think I have >> been following their rules when both buying and selling. >> >> I tried to open an account to buy through Alibaba house of horrors and >> they asked for a photograph of my passport, proof of my home address and a >> photo of the credit card I was going to use. I just deleted the email and >> all those that followed asking me to pay for the goods in my basket. >> Eventually they stopped and I've not tried again. >> >> Grahame >> On 31/03/2022 21:01, Jim KO5V wrote: >> >> Good Afternoon, >> >> For the last couple of years, I have avoided giving eBay my bank info and >> SS #. I always use PayPal on line, mainly because in my simple mind, >> keeping my information in one place, rather than spreading it out all over >> the web lowers the odds of having that info stolen. Several years ago, a >> couple of my CC #s were stolen when on-line merchants were hacked, so I am >> probably a bit over-sensitive. >> >> I guess eBay wants to dump PayPal and "float" the money themselves, so >> now I'm no longer allowed to sell unless I give them my bank info and SS# >> info. I am not comfortable doing this. I still can buy on eBay with a >> credit card (or PP until they get rid of it). My credit cards are protected >> by their issuing banks, so if they are compromised. I'm OK. >> >> I'm just curious how other people on this list feel about this >> situations. Is there a viable alternative to eBay? >> >> BTW, eBay is holding about $7.00 from a sale I made a couple of months >> ago, and they won't release it until they have my bank info. I think I'll >> let it ride, and see how they handle it. >> >> Thanks. Jim >> -- >> You received this message because you are subscribed to the Google Groups >> "neonixie-l" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To view this discussion on the web, visit >> https://groups.google.com/d/msgid/neonixie-l/c989a3c6-5714-4cfa-aaf6-964a13ec28abn%40googlegroups.com >> >> <https://groups.google.com/d/msgid/neonixie-l/c989a3c6-5714-4cfa-aaf6-964a13ec28abn%40googlegroups.com?utm_medium=email&utm_source=footer> >> . >> >> -- >> You received this message because you are subscribed to the Google Groups >> "neonixie-l" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> > To view this discussion on the web, visit >> https://groups.google.com/d/msgid/neonixie-l/4beaa50f-e28c-5295-e97b-121390fbc16d%40googlemail.com >> >> <https://groups.google.com/d/msgid/neonixie-l/4beaa50f-e28c-5295-e97b-121390fbc16d%40googlemail.com?utm_medium=email&utm_source=footer> >> . >> > -- You received this message because you are subscribed to the Google Groups "neonixie-l" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web, visit https://groups.google.com/d/msgid/neonixie-l/3068bd47-2602-4423-a615-b27f791a3454n%40googlegroups.com.
