Is eBay really dead?

[Felics]

Hello Hello,

So just as way of background I used to sell quite a lot on eBay. They were f**e goods but had very high customer satisfaction.

I would make c2k a month.

I had all the bells and whistles in regards to account - good feedback, high sales, no limits etc. etc. All verified with diff details.

I then stopped when managed payments came into force and the UK required submission of info to HMRC and tax authorities.

I am now considering starting again BUT am just wary if it is just way too long and too easy to be banned with my sort of profile.

Is it worth it? Even if I manage to get an account set up - I assume it will have to be my own bank account of which I think ebay will share details of to tax authorities?

Is ebay truly dead?

[rsot]

Ebay is not truly dead - what category of sales were you into? Might have a lot more competition these days...

[Felics]

Just vintage items.

Competition is limited. But how do I avoid getting nabbed by UK tax authorities.

[agent006140]

if you are making money ,why not share some with your government?

[Felics]

Originally Posted by agent006140

if you are making money ,why not share some with your government?

Hmm

[james_112233]

Id be more concerned of law suits if you're selling knock offs

[Felics]

They're not high value and items with a limited use life

[OldTom]

If you're using legit details, then just go legit. As for the counterfeit goods issue then that's your problem.

With ebay soon to require a NI number and handing over our info to HMRC then, regardless of the message peddled by some, true stealth as we once knew it is dead.

The question you need to ask is what level of risk are you willing to accept that they don't identify you and add you to their 'persons of interest' list? None of us know how it will play out and how they will use the mountain of data soon to be thrown at them. It's not just ebay who will be supplying info.

Only you can decide if you have a viable venture. Sounds to me if declaring your profits is a deal breaker then you haven't.

[rsot]

Originally Posted by Felics

They're not high value and items with a limited use life

If it's a profitable business and not illegal, you shouldn't worry about the tax authorities - I'd look into establishing the business and doing the proper paperwork...

[agent006140]

Only you can decide if you have a viable venture. Sounds to me if declaring your profits is a deal breaker then you haven't.
----------right on !

[SaiJin]

Originally Posted by Felics

Hello Hello,

So just as way of background I used to sell quite a lot on eBay. They were f**e goods but had very high customer satisfaction.

I would make c2k a month.

I had all the bells and whistles in regards to account - good feedback, high sales, no limits etc. etc. All verified with diff details.

I then stopped when managed payments came into force and the UK required submission of info to HMRC and tax authorities.

I am now considering starting again BUT am just wary if it is just way too long and too easy to be banned with my sort of profile.

Is it worth it? Even if I manage to get an account set up - I assume it will have to be my own bank account of which I think ebay will share details of to tax authorities?

Is ebay truly dead?

You should be ok.

THere's always those people that says ebay is dead, amazon is dead, this is dead and that is dead.

Reality is these people are negative nancys who just bitch and whine.

eBay is not dead. Easy? No....

[Felics]

Meh on balance I think youre right.

I honestly don't think the risk is worth it. Once I've sold my remaining stock that'll be it for me methinks.

[SaiJin]

Originally Posted by Felics

Meh on balance I think youre right.

I honestly don't think the risk is worth it. Once I've sold my remaining stock that'll be it for me methinks.

Whatever works for you mate.

Don't think that there aren't any sellers making millions on eBay... there are

[OldTom]

Originally Posted by SaiJin

You should be ok.

THere's always those people that says ebay is dead, amazon is dead, this is dead and that is dead.

Reality is these people are negative nancys who just bitch and whine.

eBay is not dead. Easy? No....

You're missing the point. Nobody is saying ebay is dead, don't think I've ever seen anyone say Amazon is dead!!

Their issue is, for their own reasons, that they are uncomfortable with the pending changes in the UK with regards to selling platforms and mandatory regulatory requirements.

They're not alone, there have been endless threads on this and similar forums about the future of stealth. Most have concluded it is pretty much dead. That's not bitching and whining or being 'negative nancys', that just hard facts.

Okay, we don't know how it will truly play out in the real world but surely you can see why folk are walking away from the stealth game.

[Felics]

Originally Posted by OldTom

You're missing the point. Nobody is saying ebay is dead, don't think I've ever seen anyone say Amazon is dead!!

Their issue is, for their own reasons, that they are uncomfortable with the pending changes in the UK with regards to selling platforms and mandatory regulatory requirements.

They're not alone, there have been endless threads on this and similar forums about the future of stealth. Most have concluded it is pretty much dead. That's not bitching and whining or being 'negative nancys', that just hard facts.

Okay, we don't know how it will truly play out in the real world but surely you can see why folk are walking away from the stealth game.

Exactly. It's just not worth the aggro and risk until we know how it pans out

[james_112233]

Originally Posted by SaiJin

You should be ok.

THere's always those people that says ebay is dead, amazon is dead, this is dead and that is dead.

Reality is these people are negative nancys who just bitch and whine.

eBay is not dead. Easy? No....

Agreed, Brexit affected my eBay business more than anything to be honest. Otherwise I'm still getting a steady stream of UK buyers.

[rsot]

Originally Posted by james_112233

Agreed, Brexit affected my eBay business more than anything to be honest. Otherwise I'm still getting a steady stream of UK buyers.

Interesting - sounds like a solid niche market for you then and also now

[agent006140]

Paypal is the one which is hurting since it lost Ebay account/
Then Ebay would not accept AMEX,but you can still use AMEX via Paypal on EBay