|
07-29-2014
| | Junior Member | | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | The advantage to being legit
I've been out of the scene a few years now.. thinking about playing on ebay again.. I had some stealth accounts from '08 that i might fire back up, but i'm not going near ebay till i get all my ducks in a row...
some questions...
if i've never used my real info with ebay, is there any advantage to doing so and trying to be legit? I deal in older collectable type stuff and never had to worry about vero or name brand issues.
How is ebay handling taxes these days? Are they reporting now?
are there selling limitations in effect for verified identity with ssn?
thanks for bringing me back up to speed guys
..BOE
|
The complete step-by-step guide to get back to selling today!
| |
07-29-2014
| | Executive [VIP] | | Join Date: Apr 2011
Posts: 2,782
Thanks: 1,192
Thanked 1,021 Times in 709 Posts
Activity: 0% Longevity: 75% | | Re: The advantage to being legit
using real info is just too risky.
being that you were out for so long, it may be best to do stealth for the time being until you established a solid feel on the 'new' ebay/paypal monster.
The accounts that have been sleeping may start with the 10/1000 simply due to the inactivity.
Ebay and paypal are doing the whole taxes thing. A certain amount and you will need EIN for each account getting to that limit.
| The Following User Says Thank You to BigCJ For This Useful Post: | |
07-29-2014
| | Junior Member
Threadstarter  
| | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | Re: The advantage to being legit
I thought i could recall being able to withdraw $500/week from pp back then.. has that now been changed to $500/month?
|
07-29-2014
| | Administrator | | Join Date: Jan 2007
Posts: 11,372
Thanks: 3,072
Thanked 4,230 Times in 1,792 Posts
Activity: 0% Longevity: 100% | | Re: The advantage to being legit Quote:
Originally Posted by bend_over_ebay are there selling limitations in effect for verified identity with ssn? | There are selling limits for everyone now but as a more solid/legit account it will be easier to up your limits by calling in and requesting increased limits. A legit account is always stronger and has fewer problems but as BigCJ mentioned I suggest stealth first to get you up to speed with the new eBay. |
07-29-2014
| | Executive [VIP] | | Join Date: Sep 2010
Posts: 14,302
Thanks: 1,110
Thanked 4,934 Times in 3,399 Posts
Activity: 0% Longevity: 79% | | Re: The advantage to being legit
Let's not forget that this forum was built with the corpses of "Legit" Stealths that died!
| The Following 2 Users Say Thank You to MM78 For This Useful Post: | |
07-29-2014
| Senior Member | | Join Date: Mar 2014
Posts: 312
Thanks: 22
Thanked 74 Times in 54 Posts
Activity: 0% Longevity: 58% | | Re: The advantage to being legit
I can see how it could possibly benefit in the US, but in the UK it doesn't seem to make a difference.
Legit details : 200 limit after 1000 feedback account is 5 years old, but didn't start selling properly until 12 months ago.
Stealth details : 1200 limit after around 100-150 feedback and 4 months of first sale.
both accounts same products.
Last edited by xShevaa7x; 07-29-2014 at 05:37 PM.
|
07-29-2014
| | Junior Member | | Join Date: Apr 2014
Posts: 56
Thanks: 20
Thanked 6 Times in 5 Posts
Activity: 0% Longevity: 58% | | Re: The advantage to being legit
you will always hit a brick way when it comes to eBay, go LLC with EIN if your volume is high, otherwise the only way to play is stealth. |
07-30-2014
| | Junior Member
Threadstarter  
| | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | Re: The advantage to being legit
This sounds like a pretty good idea... actually a really good idea... stick with good stealths and get my feet wet again and up to speed..
I think in the long run i may try to get llc/ein going.. but from what i've read here paypal still wants a ssn for business account?
My big issue with multiple small stealths is it's incredibly tedious and time consuming for me. my inventory consists of thousands of unique items posted weekly.. think of like a huge baseball card shop... it really helps to be on one seller with a pro looking store front.. know the conversion, scale up the active listings to however much work i can handle in the "shipping dept".. etc..
|
07-30-2014
| | Junior Member | | Join Date: Apr 2014
Posts: 56
Thanks: 20
Thanked 6 Times in 5 Posts
Activity: 0% Longevity: 58% | | Re: The advantage to being legit
You will hit the wall with just a few accounts if you volume sold, 200 transactions or 20k is when they pop you for tax id or ein number, also they do it by estimate wither you'll hit it or not so take that into consideration.
|
07-30-2014
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,033
Thanks: 5,943
Thanked 8,926 Times in 8,218 Posts
Activity: 100% Longevity: 83% | | Re: The advantage to being legit
Standard default is not to use any old info - now given that, if you use your real info...what will you do if 1) eb asks for ID - you feel comfortable providing all your real info? and then 2) if you are banned, realize that your real info is held for a very very long time....and cant be used again
|
07-30-2014
| Senior Member | | Join Date: Feb 2013
Posts: 1,063
Thanks: 406
Thanked 140 Times in 117 Posts
Activity: 0% Longevity: 64% | | Re: The advantage to being legit
MM78 could not have said it better. Perfect!
|
07-30-2014
| Junior Member | | Join Date: Jan 2011
Posts: 27
Thanks: 14
Thanked 9 Times in 8 Posts
Activity: 0% Longevity: 76% | | Re: The advantage to being legit
I don't get the question. Stealth accounts are normally legit unless you use bs info. I think what you are asking is more like in the lines if you should use your personal information instead of stealth and the answer to that question would be to go stealth to protect yourself.
There is nothing not legit about using a DBA name or EIN number to protect yourself from eBay/PayPal.
|
07-30-2014
| Senior Member | | Join Date: Oct 2011
Posts: 334
Thanks: 16
Thanked 37 Times in 32 Posts
Activity: 0% Longevity: 72% | | Re: The advantage to being legit
There is no advantage to being legit.
| The Following User Says Thank You to exxomscp For This Useful Post: | |
07-30-2014
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: The advantage to being legit Quote:
Originally Posted by bend_over_ebay This sounds like a pretty good idea... actually a really good idea... stick with good stealths and get my feet wet again and up to speed..
I think in the long run i may try to get llc/ein going.. but from what i've read here paypal still wants a ssn for business account?
| Correctly created, the account should never be asked for the SSN.
It appears to come down to the method of making the account from scratch.
__________________ REAP WHAT YOU SOW. LIFE IS SO NOT FAIR. |
08-01-2014
| | Junior Member
Threadstarter  
| | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | Re: The advantage to being legit Quote:
Originally Posted by GreenBean Correctly created, the account should never be asked for the SSN.
It appears to come down to the method of making the account from scratch. | i've done some searching here with a lot of mixed opinions on this topic. can you direct me to a thread with good information on properly setting up a business account or just lay it out here for me? i have the book but it doesn't seem covered well enough to the point that it's the main strategy..
are there limitations for a business account at all? how much information do they need to get up and running? just a couple of invoices where the inventory came from? what else?
|
08-01-2014
| | Super Moderator | | Join Date: Jul 2008
Posts: 15,960
Thanks: 322
Thanked 2,548 Times in 2,201 Posts
Activity: 53% Longevity: 91% | | Re: The advantage to being legit
How I've done it is still going for a personal eBay acc and premier account.
I only turn them to business when they ask me to.
IMHO, going stealth first like Aspkin said and use that account to sell would give you the experience first hand.
But in the mean, it doesn't mean you shouldn't create an account that has all your true info, just don't use it for selling yet. Have it on the side while your stealth accounts are being used so that when you do want to use the real account, you have confidence on
how to using it the right way.
The downside of real account is that if you happen to mess it up, they have all your info and they'll use it against you.
|
08-01-2014
| | Junior Member
Threadstarter  
| | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | Re: The advantage to being legit
if you list items and ship the next day, does anything matter? i mean of course there must be some issues that require more attention and some returns.. not all buyers will be nice or just don't want what they purchased anymore.. but in the big scheme of things, what else is important to ebay these days?
|
08-01-2014
| | Super Moderator | | Join Date: Jul 2008
Posts: 15,960
Thanks: 322
Thanked 2,548 Times in 2,201 Posts
Activity: 53% Longevity: 91% | | Re: The advantage to being legit
As long as they see a working # within 24 hours of payment received, and the buyer leaves you a positive feedback for fast shipment, they'll be happy.
product as described is another big thing. I would say these 2 are some of the most important things in buyers and eBay's eyes.
|
08-01-2014
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: The advantage to being legit Quote:
Originally Posted by SaiJin As long as they see a working # within 24 hours of payment received, and the buyer leaves you a positive feedback for fast shipment, they'll be happy.
product as described is another big thing. I would say these 2 are some of the most important things in buyers and eBay's eyes. | what is a working #?
__________________ REAP WHAT YOU SOW. LIFE IS SO NOT FAIR. |
08-01-2014
| | Super Moderator | | Join Date: Jul 2008
Posts: 15,960
Thanks: 322
Thanked 2,548 Times in 2,201 Posts
Activity: 53% Longevity: 91% | | Re: The advantage to being legit
Working Tracking #
|
08-01-2014
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: The advantage to being legit
It read like a working (phone) number.
__________________ REAP WHAT YOU SOW. LIFE IS SO NOT FAIR. |
08-01-2014
| | Junior Member
Threadstarter  
| | Join Date: Dec 2008
Posts: 44
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 88% | | Re: The advantage to being legit
Is there such thing as a business account on eb? pp has business account option.. what are the limitations to this type of account with ein? higher than a personal account with ssn? they must offer options for an entity that wants to conduct business but cannot be restritcted to 10/1000 a month or similar.. and it's crafts/collectable stuff, not name brand or vero stuff.
|
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | |