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Re: Lets get a few things straight
 

So as my bank & eBay completely don’t match the only way around it is to open up a business account under my eBay’s business & stealth address ? And make the eBay account into a limited company. That way adyen I assume will look to match the business name & address to the business bank.

Re: Lets get a few things straight
 

My bank and ebay don't match up usually - what do you mean?

Re: Lets get a few things straight
 

It's different in Managed Payments than it is with eB/PP.

Re: Lets get a few things straight
 

If others have been unsuccessful adding a bank account that doesn't match then that would be your only option. My LLC costs me 150 a year per LLC, but my business checking was free.

Re: Lets get a few things straight
 

Hope there’s another work around as I have 6 accounts it’s £150 per limited company setup fee here in uk! Plus my accountant will prob want more money now coz there will be 6 businesses to look after instead of one big one.

Re: Lets get a few things straight
 

Yup. i said this earlier this year on here... doing all those LLC's is going to cost a lot. Each has a audit risk, each has a state sales tax to file, each has a quarterly report to file, each has to make estimated tax payments. It's not feasible unless you're making a 200k + a year. The solution is to get them to the threshold they allow before requesting a real working EIN/SSN that matches... And then dump it.. Or Provide the data and don't go over 20k to save the headaches of being forced to file on each one. Most of us legit people do this already with paypal. We don't reach 20k, but still pay all of our taxes. At least i do. I just combine all the sales in 1 quickbook company

Re: Lets get a few things straight
 

I didn't have to file state sales tax and I don't have to file a quarterly report. I File my taxes at the end of the year just like I did before, but more stuff to include now... Maybe that's just my area.

Re: Lets get a few things straight
 

I had one account that I do coupons in...MP will NOT allow you sell coupons at all.

They then Opted me out of Managed payments.....so it seems you can Opt out of MP as an option.

So perhaps they will make it look like you have to go managed payments but in the end will allow us to use Paypal.

Most people will take path of least resistence and they will scoop up a lot but maybe leave some for Paypal in the end?

Re: Lets get a few things straight
 

Yes correct, you can always go back to paypal if your not happy with MP.

Re: Lets get a few things straight
 

This could be huge!!! If proven correct when it’s fully enforced!!

Re: Lets get a few things straight
 

ok so what exactly is the clear answer on providing SSN? I've looked through all of this and it's still unclear. Obviously, if you have a business bank account then EIN is good. I get that but if you dont and you have multiple accounts do you have to provide a Valid SSN or not....reading everything it still seems unclear to me anyway..lol

So does anyone have a definitive answer on the SSN issue. Is it required? And other than business account (which some posts still say they need owner SSN), what is the definitive answer on providing SSN for seperate accounts? Stop before $4K? Burn account all together when SSN is requested? What?????

I'm about to open several new accounts, so a clarification would be great.

Re: Lets get a few things straight
 

I have one account and on managed payments. When I signed up for the managed payments I had to provide a social security number. I used all real info and all was accepted
Right away into managed payments.
Once I hit 4 thousand I was requested to update bank info, and make sure names matched on eBay and bank. Had to add middle initial as that was how my bank account was set up. Also uploaded bank statement.
This was the only request and now at over 17 thousand in sales nothing else has been requested.
On the eBay managed payment forum done sellers mentioned they had to update info etc at 4 thousand and again around 10 thousand.
As of now I haven't received another request.
When setting up more accounts I can't help you or make any suggestions.
This is just my experience with real info account.

Re: Lets get a few things straight
 

OK thanks I am clear on the 1 account.
Still wanting clarification on multiple accounts.
Thanks

Re: Lets get a few things straight
 

Yes ebay does not want to lose a seller completely if a seller is not happy with Mp.

Re: Lets get a few things straight
 

Yes ebay does not want to lose a seller completely if a seller is not happy with Mp.

Re: Lets get a few things straight
 

There are mega stores on EBay,how do they handle this SSN issue?
USPS is known to sell on Ebay,dont tell me they need SSN/
And BBY sells on EBAY too,along with many small and medium size retailers and distributors and manufacturers.

Re: Lets get a few things straight
 

I too, would like clarification on this.

Re: Lets get a few things straight
 

This is what I want to know as well.

Re: Lets get a few things straight
 

well,right now I can sell on Ebay and use another person's paypal account to accept payment,so will this be the same between Ebay and Ayden?

Re: Lets get a few things straight
 

I joined managed payments. Real eBay account and real info for ayden.
While signing up for managed payments after the invite I provided real name, real address, real birthdate and real social security number. Also added bank info that was requested. Sales started going to managed payments that day.
After 4 thousand in sales I received a request to update bank info
I did as asked and had to update my Ayden name given to what was on bank statement.. After completing the request I noticed that on eBay what I had entered to match bank name was now on my eBay account. All I added was my middle initial.
So that tells me that ebay is seeing what info that I provided Ayden.

Re: Lets get a few things straight
 

so your saying every single seller on ebay no matter what will be required to give ssn to withdraw money? is this some sick prank from ebay? LOL mercari doesnt even do that

Re: Lets get a few things straight
 

This is not good practice agent

Re: Lets get a few things straight
 

some stomachs are hungrier than others.

Re: Lets get a few things straight
 

I dont use another person's Paypal account,but every now and then I am asked to sell for someone who has house full of stuff since 1940s,as a dealer I am always interested to see the content,but I sure do not want to collect money using my own Paypal account .

Re: Lets get a few things straight
 

I am just saying what I experienced. It will be rougher I am sure with stealth. Mine was real info and the steps I had to go through to be in managed payments.
Not sure what is required for other sellers.

Re: Lets get a few things straight
 

question-Paypal wants our SSN to send 1099K.
With Ayden,does it have to send 1099K ?
if so,it would need our SSN.

Re: Lets get a few things straight
 

I had an email from ebay that stated PayPal would send 1099
I didn't meet requirements for 1099 from PayPal, but if Adyen funds were added into it I would get a 1099.
It did not say anything about 1099 from Adyen.
I also did not meet requirement for 1099 from Adyen but as I said if Ayden payments and PayPal were tallied together I would have 1099

Re: Lets get a few things straight
 

This is a screenshot of email I received from eBay on 12/19.
It states I will get a 1099 if eligible on all my eBay sales from PayPal.
As you can read it it does not mention managed payments.

Re: Lets get a few things straight
 

https://photos.app.goo.gl/Ytsyhi5ty7suuhaF8a

Here's the link to email

Re: Lets get a few things straight
 

my question is for all who use Ayden,does AYDEN send out 1099k when we meet the threshold?
AZMN,Etsy,Paypal do,I would think SQUARE and Stripe do too.
if you sell 100 transactions with AMZN and 102 with Paypal,neither one will send you 1099K,so it is up to you to report your income.

Re: Lets get a few things straight
 

200/20k like all in the USA.

You have to reach both thresholds.

Same thing for walmart/payoneer I had a relative who opened a walmart account for me.. bc for some reason they wouldn't approve me.. no idea why. Anyway, i took him to 19.8k still reported funds in my general ledgers. But, no forms for my friend to deal with :)

Re: Lets get a few things straight
 

Ok that's great for everyone who are using there real names to add there banks to MP. But those that have multiple stealth accounts. What do you do when you get this "We couldn't verify the bank info you provided. Please fix anything that's incorrect. In particular, make sure the name on the bank account matches the legal business name on this eBay account." Do you put your real name that obviously doesn't match up with the stealth name? Does ebay see the info that you give to Ayden?

Re: Lets get a few things straight
 

just dont go over 4k m8t, its the only solution

Re: Lets get a few things straight
 

I had to do the request for names to match at 4000 in sales. That's the only time. Mine is real info so no problems.
I haven't been asked for nothing else since and ended very close to 20 grand in sales for 2019.

Re: Lets get a few things straight
 

my thing is SSN, will they require everyones ssn to sell?

Re: Lets get a few things straight
 

Ein or SSN

Re: Lets get a few things straight
 

They requested mine and I provided it.
I had a previous suspended eBay and paypal with my real info, social and all for PayPal.
I moved to a different state and made new eBay and PayPal and did not give PayPal my social. Again this is with real info. I got the request for tax info and could not provide it to PayPal due to previous suspended account. Around that time I got my invite for mp and signed up. Gave my social and no problems. Mind you, eBay never has social anyway ever.
Now does eBay have my social. I don't know. Ayden does I am assuming and maybe eBay does to now. I don't know the answer to that but I do know that I could not give my info to PayPal but could managed payments

Re: Lets get a few things straight
 

whatever informaiton is uploaded through ebay IS SAVED dont be so naive. we will be hear of an ssn breach sooner or later from one of these online sellers just a matter of time.

Re: Lets get a few things straight
 

ayden is not Paypal,what you give Paypal is not shared with Ayden and vice versa.
Ebay does not need our SSN,it expects Paypal or Ayden to send 1099k,but if IRS is auditing your business,it could come to Ebay and ask for your account,
The only one who would and could be asking for both would be IRS and Homeland security /FBI and your state comptroller

Re: Lets get a few things straight
 

eBay never had my social from the suspended account. PayPal did on suspended account, thus, not able to provide it on the account using now.
I did give mp my social. If eBay now has it who knows but managed payments for sure has it now