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What just happened to accepting Paypal?? looks like they are trying to drive us away

i may have over reacted... for some reason PayPal wants to drive me into a business account. Looks like the fees are the same so not sure what that is all about, I'm just suspicious by nature

If you switch to a business account which is pretty easy you get a merchant ID, enter it here, and move on. If you don't want to do that then they make it very complicated to fill out forms, etc. I gave up and switched to business, made up a bogus business name and am moving on...
herman
lula
213 posts
 
Uberwaltz...PP only reports to IRS if the sales reach 20K (I assume you are correct with this number) AND 200 items sold. I discussed
this issue with PP some time ago to make sure that BOTH criteria must be met to be reported, not one or the other. Obviously, one can easily sell a few pieces of high end equipment and reach $20K. That would certainly not constitute the workings of a business.

 
david_ten
5,480 posts
 
@lula  Thanks again. The information you shared is valuable. Appreciate it.
uberwaltz's avatar
uberwaltz
13,381 posts
 
Lula
Correct but you forgot the part where PayPal just lump ALL of your monies received regardless of its source and send it to the IRS.
It needs to be differentiated so the IRS can see truly what is occurring .

Trust me I have LIVED this problem for a couple years.......
Cannot say any more.....
axeis1
293 posts
 
So this is a PayPal thing and A'gon has no control. I have a couple of Items for sale, I guess after or if they sell I'll have to move on. I hate to say this but it almost seems like a way to report detailed info to the IRS. 
uberwaltz's avatar
uberwaltz
13,381 posts
 
I would agree by switching to a business account then every transaction would be reported to the IRS I believe.
Unlike present personal account where you have to exceed the already mentioned limits.
It truly is all driven by PayPal, Audiogon got caught with their pants down on this one.
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