I wonder how often they send their special 1099s for people that don't meet the threshold PayPal agreed to with the IRS.Supposedly, it's both. But they can send 1099s for anyone.
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I wonder how often they send their special 1099s for people that don't meet the threshold PayPal agreed to with the IRS.Supposedly, it's both. But they can send 1099s for anyone.
The rule states that you need to meet both criteria. The idea is that you're an online business if you sell a large volume amount of goods and earn enough money to be considered as an income producing entity. For years, a lot of folks got away with having an eBay store while never reporting their net income.Quick question regarding PayPal's IRS reporting policies.
Does PayPal send information on your account to the IRS if you have $20,000 USD in gross payment volume from sales of goods or services in a single year AND 200 payments for goods or services in the same year, or is it just a matter of if you hit EITHER of those thresholds?
So will PayPal send your info to the IRS if you have 201 eBay sales, but the gross payment volume of those sales is only $500?
Oh yeah I fully agree with all of that. I was just curious if the IRS was making PayPal report the little guys who aren't sizeable or very profitable operations.The rule states that you need to meet both criteria. The idea is that you're an online business if you sell a large volume amount of goods and earn enough money to be considered as an income producing entity. For years, a lot of folks got away with having an eBay store while never reporting their net income.
If I hold an online garage sale and clean out all my crap, I shouldn't be considered an online business if I sold 201 items worth $500. Conversely, I shouldn't be considered an online business if I just sold my used Mercedes and BMW for $21,000 total.
Anybody that does both is pretty obviously a massive reseller and would therefore need to file a 1099-K with the IRS thereby paying taxes on all of your profits.
I'm 99% certain that they don't. I can say with near certainty because I used to be an auditor myself.Oh yeah I fully agree with all of that. I was just curious if the IRS was making PayPal report the little guys who aren't sizeable or very profitable operations.
And what happens if they pay on the last hour and someone else buys it too?You can relisted it before the case closes.
I have, at least twice. And nowhere near that volume.If they have less than 10 feedback they most likely won't be paying. I have never had a person pay for an item once an unpaid item case is open(I sell 200+ items a month).
If somebody hasn't paid you in a week and hasn't asked you specifically for an extension, then you will not be getting paid at all. Just relist the item for a slightly higher price the second time around. If the original buyer ends up sending payment, just refund him and cancel the transaction explaining to him that since he took over a week, that you gave up waiting on him. That way, you win out and hopefully sell your item for even more than you originally anticipated. I've been selling on eBay for years and most people pay within 24 hours.Selling a few out-of-print Lego sets to help pay my rent and student loans, one sells for a cool $530, and the buyer won't pay or answer messages. It's been a week since the auction ended and I opened an unpaid item claim on Friday. Best part, aside from not having that money or being able to relist until the claim closes, is that they've gotten 3 new feedback since then all to the tune of "fast payment!!!!!"
I don't bother with the message before hand. I include a note on my eBay payment reminding the seller to package the item securely so it won't get damaged. If it comes damaged, then they're on the hook for sure and I know eBay will side with me. On Amazon Marketplace I rarely order from 3rd parties that aren't fulfilled by Amazon so I can't comment there other than when I've had a problem in the past, Amazon sided with me, let me keep the item and refunded me.Not sure why people do this, but this has happened to me with ebay and Amazon recently.
You see an item you are very interested in and you send the seller a message asking to confirm they will pack the item securely before you buy it. Response takes several hours. Finally you get a response saying "We will pack the item great for you, just let us know if the item arrives damaged and we will accommodate. We look forward to your purchase!" and I go to buy the item and I notice they increased the price by like double.
Hey, it's their right, but wow. Added to my list of sellers I will never buy from for any reason.
It's like going to a car dealership, agreeing with the salesman on a price, telling him to hold on and you are gonna call your wife to tell her you found your car. Then when you go back to the salesman he says "You know... on second thought. Forget $21,000... I want $40,000 for the car."
Sent the seller a question on why they would double the price of their item when they knew I was just about to buy it and they responded with "I'm sorry we were unable to assist you with your inquiry. Thanks for contacting us!" response.I don't bother with the message before hand. I include a note on my eBay payment reminding the seller to package the item securely so it won't get damaged. If it comes damaged, then they're on the hook for sure and I know eBay will side with me. On Amazon Marketplace I rarely order from 3rd parties that aren't fulfilled by Amazon so I can't comment there other than when I've had a problem in the past, Amazon sided with me, let me keep the item and refunded me.
Yes, it counts as a defect under the new eBay seller requirements.You can get dinged for canceling if you sold it to someone else when they haven't paid though.
Is that even a legitimate reason to return something on eBay, or do you have a "no questions asked" return policy?First time I've ever had someone return something. They bought Halo MCC for 45 + shipping and now they are returning it and losing the shipping on both ways. I don't understand why they bother. They said they got it at a cheaper price, but I'm guessing whatever cheaper price is killed by the 7 or 8 dollars to ship it back.
That's weird. How much are you selling it for?Damn adobe took down my auction for copyright violation. I was trying to sell Lightroom 5 that says not for resale on it since there are hundreds of other copies on there.
I sold a Vita TV on ebay and I had to issue a refund because the buyer didn't do any research on the device and one of his games was incompatible .Is that even a legitimate reason to return something on eBay, or do you have a "no questions asked" return policy?
I'm literally not sure what you want or expect though. If it's not a computer script doing it, then clearly the human in charge is maybe adjusting the price if the market changed and it's was too low (and perhaps that's what sparked your interest) or maybe they're just being opportunistic and/or greedy.Sent the seller a question on why they would double the price of their item when they knew I was just about to buy it and they responded with "I'm sorry we were unable to assist you with your inquiry. Thanks for contacting us!" response.
I sent another response politely saying "I'm sorry, but that didn't really answer my question. Could you please explain why you doubled the price when you knew I was about to buy your item? Thanks."
He sent a cut and pasted copy of the response above over again.
So helpful around the holidays.
So you're saying if someone returns something and the shipping was free the seller has to pay them whatever they paid to ship it back along with their return money? Is that an official rule or just something people do as that's bs since they got the thing shipped to them free originally and whether they are doing a valid return or not they're the one wanting the return.It's part of eBay's policy, even if you say no returns.
You can specify for the buyer to pay return shipping, but you'll have to eat the cost of shipping out to them if you offer free shipping.
This is happening too me at the moment. Thankfully I already put that this may not be delivered in time for Christmas in the description and have messages were I restated this to the buyer. Its still funny how some packages are having this delay happen.So USPS has been working like crazy around the clock. For the past couple of weeks, my local mailman has had to come to my complex twice everyday: during lunch and dinner. I asked him and he said their office is overflowing with packages. It's great for business but it's a crazy, crazy time for them.
I just had a buyer contact me last night about a Xmas gift that he bought from me over a week ago. I shipped it out on the 15th and while it had to travel only halfway across the country, it didn't arrive to his home until just this morning. Mind you, this was using first class mail service. So not sure if anybody is having a similar experience but I wonder just how many recently shipped packages are going to be late if they didn't use Priority Mail.
No. The rule is the buyer pays return shipping all the time, even if it's broken during shipping. Of course, you might get a negative if you don't reimburse, but that's up to you which is worth more. I meant if you put free shipping, you have to eat the cost of shipping it to them, if they change their mind and return it.So you're saying if someone returns something and the shipping was free the seller has to pay them whatever they paid to ship it back along with their return money? Is that an official rule or just something people do as that's bs since they got the thing shipped to them free originally and whether they are doing a valid return or not they're the one wanting the return.
No, unless you offered free shipping. See above.If you offer returns and a person decides to return something because they just don't like it, do you have to refund them the shipping cost that you originally charged?
Wow, those guys sound like real worthless bastards. Just don't buy it. Those guys sound like a store and I always avoid buying from sellers with stores on eBay. Too much trouble. Never take care of their stuff, don't bother giving good descriptions of the conditions of their items, etc. Just ignore them.Sent the seller a question on why they would double the price of their item when they knew I was just about to buy it and they responded with "I'm sorry we were unable to assist you with your inquiry. Thanks for contacting us!" response.
I sent another response politely saying "I'm sorry, but that didn't really answer my question. Could you please explain why you doubled the price when you knew I was about to buy your item? Thanks."
He sent a cut and pasted copy of the response above over again.
So helpful around the holidays.
That's not true. You aren't forced to accept returns on items (other than "not as described" or otherwise). eBay wold much rather you did accept returns, and they will cripple the search return on your items and all the other bullshit that they do when you don't play the game exactly as they like, but they don't force it on you (yet...).It's part of eBay's policy, even if you say no returns.
You can specify for the buyer to pay return shipping, but you'll have to eat the cost of shipping out to them if you offer free shipping.
It is, actually. The buyer protection makes returns basically mandatory. Just google search for no returns on ebay, and hear all the stories that eBay forced it still.That's not true. You aren't forced to accept returns on items (other than "not as described" or otherwise). eBay wold much rather you did accept returns, and they will cripple the search return on your items and all the other bullshit that they do when you don't play the game exactly as they like, but they don't force it on you (yet...).
I only did it to upgrade to the PS4 version because I found it for $38, so since I sold the PS3 version for $30 I was only out about 8 bucks plus a few dollars in Ebay fees to get the newer version. I tried craigslist and couldn't sell it for $20 but I listed it on Ebay for $30 and sold it within 1 hour. Looked like it was going to work out great until after christmas and I get these emails. Oh well, if he sends it back and does a paypal claim i'll just have to refund him and try to sell it again. Definitely agree the individual seller gets screwed big time on Ebay, I just don't know where else to sell.You guys that sell video games and electronics are pretty brave. I'll sell an older slighty hard to find game from time to time if I can find a good flip, and I take multiple pictures for the listing and all that jazz and so far I've never had any problems. I can't imagine selling something more recent like GTA V with a flood of copies out there that the lowest common denominator person is going to try and buy for as cheap as possible then try and screw you anyway.
eBay just isn't for the little guys anymore in most categories. It's for people with full time stores with business models equipped to handle the financial slamming of scammers and idiots.