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Just got this email.... Ebay Managed payments
 

Dear Seller:

Our records indicate you have been previously invited to managed payments - eBay’s simplified seller experience to sell and get paid. Based on our review of your account, the features and tools you use on eBay are fully compatible with managed payments. To benefit from the new payments experience early, register at ebay.com/paymentsregistration. All eBay sellers will progressively be required to transition to managed payments in the coming months.

Managed payments offers more ways for buyers to pay with credit, debit and gift cards, Apple Pay, Google Pay, PayPal and PayPal Credit. Payouts will be automatically deposited to your bank account. Sellers receive consolidated reports, simplified seller protections, one monthly bill for all fees, and access to dedicated customer support. New features include a single unique number from order initiation to payout, and the ability to issue partial or full refunds to buyers, directly on eBay or via a third-party platform. Sellers who have already joined report high satisfaction and recommend managed payments to other sellers. To learn more about managed payments, visit ebay.com/payments.

Signing up now will allow you to choose the best time to join for your business, and avail of any existing promotions. These include the Summer Sign Up program available till August 31, 2019 and the $0 per listing payments fee through September 30, 2019. Please check your email account or Messages on My eBay for more details.

Register for managed payments at ebay.com/paymentsregistration.


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Stealth may be dead by christmas.

Are we having fun yet?

Re: Just got this email.... Ebay Managed payments
 

So this will be the end of all stealth accounts??? There has to be a way around it??

Re: Just got this email.... Ebay Managed payments
 

I can't see how to get around it if they are aski g for the Ssn as well as EIN. Someone said they asked for that. Which makes even having multiple llcs difficult. Still early. Gotta get more info.

Re: Just got this email.... Ebay Managed payments
 

I'm betting years before it's dead. Not months.

Re: Just got this email.... Ebay Managed payments
 

The worst case Scenario is what we're facing whether we want to admit it or not. "Stealth" as we know it, is going away. If they can see who owns the EIN and why can't they? You can google any EIN and get the information on it. I was selling on another service and i have to use my real business name.... i had a customer who wanted to return stuff after a return deadline, literally find my business on the state corp website and send letters to all addresses listed. If a CRAZY customer can find it, eBay can too. And then it only takes 1+1 to link them all together.

Unlike SS.N's MOST E.I.N's are public. And very trackable, try signing up for groupon marketplace with a E.iN and business name that doesn't match, it doesn't work... when i was converting over to the new system... i tried and tried. Not possible. Because of that, i am dealing with some C&D crap.

Re: Just got this email.... Ebay Managed payments
 

Just wait until the democrats get in office... we're royally screwed...

Re: Just got this email.... Ebay Managed payments
 

I really don't think we have years based on the messages they are sending out.

Once they start requiring a few people, it will only be a short time before they move everyone.

Re: Just got this email.... Ebay Managed payments
 

If futballplayer sees this, he'll want in on the action lol

Re: Just got this email.... Ebay Managed payments
 

I've been waiting for a similar post from you for a while now :lol:

Re: Just got this email.... Ebay Managed payments
 

I spoke last night with an eBay rep and she told me that eBay will ask for business EIN only if the shareholder doesn’t own 100% of the business. This means that if in your business there are more than one shareholder you will be good to add only the EIN. In my case I’m the only one shareholder that own 100%. eBay rep said that in my case IRS require my SS or ITIN Number.

I will not going to give my SS to eBay so I think I have to see the possibility to add more owners to my Corp and see is this work.

Info about this will be really appreciated

Re: Just got this email.... Ebay Managed payments
 

I would have said, "BIITCH, the IRS already HAS my ssn! Nice try, though.".

Re: Just got this email.... Ebay Managed payments
 

lol. ooooh canadaaa

Re: Just got this email.... Ebay Managed payments
 

What is going to happen with all the Chinese sellers that drop ship from US?

I think eBay main sellers are them.

Re: Just got this email.... Ebay Managed payments
 

who. who have they required?

Re: Just got this email.... Ebay Managed payments
 

I’m moving to Canada next month lol

Re: Just got this email.... Ebay Managed payments
 

Perhaps i am not understanding, if they don't require a SSN with the multi member LLC or corp. How does that work for 10-20 accounts?

You can still only have 1 EIN for 1 llc/corp/ right?

So are people really going to setup 20 multi member llc's ?

Re: Just got this email.... Ebay Managed payments
 

yes. Yes they would.

Re: Just got this email.... Ebay Managed payments
 

I don't believe that. There is too much risk involved with accounts going down. Too much paper work and too much money in accountant fee's.

Pay quarterly sales tax for each of the 20 llc's.. what if one only does like 3-5k for the quarter?

Pay state taxes for unemployment etc..
Pay federal estimated taxes for the LLC, as well as payroll for each member of each LLC. Monthly....
File a quarterly report for each of the 20 companies.

You just increased your likelihood of an audit by 20x. You will need to keep separate quickbook files for each company, importing sales to that specific company each and every day, while requiring 20 business accounts. Additionally with each business account if you're not pulling in enough income, most business accounts have a Minimum to not get charged fees of 5k balance.

That's just that part. Now, pay the bookeeper(who now, knows your business) to keep track of it all, pay the accountant to do all the paperwork, and finally ship out your items each day.

I don't know about many people here, but i ship about 50-80 items if i am lucky in a day and that's currently with 40 accounts or so. Stealth's premise was to spread out your sales, that's what i do. I do have a few big hitter accounts which are where a lot of sales come from, while a lot of those 40+ haven't sold an item in a week.

I don't see myself making 40 multi-member llc's.

Quarterly reports for my 1 s corp cost me $125 a quarter now.... even at 20x125 that's over 2200+ in accountant fees QUARTERLY. Let alone a more complex situation which has multi members in the LLC.


I am negative by nature, but i just don't see the solution. But, perhaps we'll get a clearer picture. Sadly the scammers this doesn't effect, they just churn and burn stolen stuff.

Re: Just got this email.... Ebay Managed payments
 

Then don't do it.

Meanwhile several members here sell more than you do on 1 account. With MUCH less work.

You gotta change your mindset.

Re: Just got this email.... Ebay Managed payments
 

if they open their Ebay account in China,they dont pay US income tax,but they are obliged to collect state sales tax which Ebay will do for them and remit to the states.

Re: Just got this email.... Ebay Managed payments
 

It is what it is. The entire point of this forum is to be stealth. There is no more stealth.

Can we all at least agree on that ? Stealth means ebay doesn't know who you are.... But, now they will.

Re: Just got this email.... Ebay Managed payments
 

No, we can't.