Collectors who use payment apps like PayPal, Venmo and Cash App for their card and memorabilia sales got a reprieve from the IRS on Tuesday. According to a news release, the federal agency announced that it will delay the new $600 Form 1099-K reporting threshold requirement for third-party payment organizations for the 2023 tax year. The IRS is planning a threshold of $5,000 … [Read more...] about IRS Again Delays Reporting Rules For PayPal, Venmo And Cash App Users
paypal
eBay, Paypal to Split Into Separate Companies
eBay’s board of directors has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. eBay says creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, … [Read more...] about eBay, Paypal to Split Into Separate Companies
eBay Policy Changes Produce Sterling Results for Smaller Auction House
It has been argued that eBay is one of the internet's largest and most successful corporations. However, like many companies that grow to a certain level, inevitably the proverbial 'little guy' begins to suffer. Originally billed as a website where anyone could sell anything, eBay has begun to redefine itself as a marketplace catering to Power Sellers in the vein of … [Read more...] about eBay Policy Changes Produce Sterling Results for Smaller Auction House
eBay Bucks Now Available to All
After a lengthy BETA test, eBay has now expanded its eBay Bucks rewards program to all users. Those who sign up receive a 2% credit on their purchase, stored until the end of each quarter when the total amount in the user's account is applied to their first purchase of the next quarter. The amount is automatically applied at checkout. Each qualifying purchase must be … [Read more...] about eBay Bucks Now Available to All
Deadbeat Bidders: eBay Automating Process
If you've sold a baseball card or piece of sports memorabilia, chances are you've dealt with someone who apparently didn't enjoy paying for the item as much as they liked bidding on it. eBay is now rolling out a new process for dealing with unpaid items. The online auction giant has made two primary changes If a buyer doesn’t pay and the seller cancels the … [Read more...] about Deadbeat Bidders: eBay Automating Process