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To: Fresh Wind

If the eBay account is a merchant, not so easy.

https://www.keepertax.com/posts/paypal-1099#:~:text=of%20PayPal%20income-,What%20is%20a%20PayPal%201099%2DK%20form%3F,people%20who%20run%20small%20businesses.


29 posted on 12/23/2022 2:09:45 PM PST by gloryblaze
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To: gloryblaze

The new “managed payments” system that eBay requires all sellers use (after 2021) gives the seller NO way to know what method a buyer is using to buy the item. It could be PayPal, a bank credit card, Apple Pay, Google pay, a gift card, or whatever. Ebay is the payment processor. They deduct the transaction and selling fees, and send what’s left to the seller. All the seller knows is that eBay got the money to pay for the buyer’s purchase.

If you use a bank credit card to fund a purchase using PayPal, as far as I know, only eBay gets to take a fee. Not PayPal, and not the Bank. The only activity I now see in my PayPal account is for my own purchases. There is no record in the account of anyone who might have used PayPal to buy my stuff on eBay.


31 posted on 12/23/2022 3:05:47 PM PST by Fresh Wind (Fake news, fake pandemic, fake vaccine, fake election, fake president.)
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