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#1
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Changes For PayPal on Audiogon
PayPal recently changed their policy regarding marketplace sales, and they are now requiring a business account with a Merchant ID. Can anyone explain what, if any, ramifications there are if I do this. Or should I just accept credit card payments?
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#2
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Setting up for taxes?
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#3
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All PayPal accounts, whether personal or business, already have a Merchant ID. It will show in your account setting. Do you have a link you could share where you saw the requirement to upgrade to a business account? I’m unable to find reference to this requirement.
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Tony D'Agostino Momentum S250 MxV & HD pre; Linn Klimax Organik DSM, SonicTransporter, EtherRegen; Acoustic Signature Typhoon Neo, Koetsu RSP, Boulder 1108; Sf Il Cremonese; Shunyata Everest, Altaira, Sigma & Alpha v2 |
#4
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I have used PayPal for 20 years and have never upgraded to a business account. I did notice in my account settings that I do have a merchant ID.
The chatter on the forums is PayPal will now report sales to states that have implemented a State sales tax. That could be a big hit for some people. Last edited by Projectman; 10-06-2019 at 12:50 PM. |
#5
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Over the past year or so PayPal has "asked" if I wanted to open a merchant account. I have never responded.
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#6
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Quote:
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Dan STUDIO - McIntosh C1000C/P, MC2301 (2), MR88, Aurender N10, Esoteric K-01X, Shunyata Sigma spdif digital cable, Sonos Connect, PurePower 2000, Stillpoints, Furutech Flux 50, Michell Gyro SE, Michell HR Power Supply, SME 309, Ortofon Cadenza Black, Wireworld, Sonus faber Amati Anniversario LIVING ROOM - McIntosh C2300, MC75 (2), MR85, Magnum Dynalab 205, Simaudio MOON Neo 260D-T, Schiit Audio Yggdrasil, Aurender N100H, Shunyata Sigma USB cable, Micro Seiki DD40, Ortofon Cadenza Blue, Nakamichi BX-300, Sony 60ES DAT, PS Audio P10, Furutech Flux 50, Sonos Connect, Stillpoints, Wireworld, Kimber, PMC EB1i, JL Audio f113 VINTAGE - McIntosh MA230, Tandberg 3011A tuner, Olive 04HD, Sony DTC-59ES DAT, McIntosh 4300V, JBL 4312A |
#7
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From what I understand, not everyone has this merchant ID. Some years ago, longtime users, who perhaps conducted a certain amount of business on PayPal, were automatically upgraded to an account type that was a blend of personal and business accounts and included a merchant ID. I vaguely remember being notified of the change to my account. This type of account is apparently no longer available. From what I read, newer personal accounts no longer have a merchant ID.
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Christian south: Mark Levinson No. 52 pre, Bricasti M28 amps, Lumin A1, Oppo BDP-205, Pioneer CT-43, Sony SS-AR1 Speakers, Audioquest Dragon PCs, Audioquest speaker cables, Audioquest interconnects, HB Power Design Powerslave Star Galaxy power distributor north: Vitus SIA-030, Luxman D10X, Sony TC-KA3ES, Harbeth 40.2, Siltech cables |
#8
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“How do I find my Secure Merchant ID on my PayPal account? Each PayPal account has an unique merchant account ID. When you create a payment button, you can choose to display your merchant account ID instead of your primary email address. This way your email address won't be visible to spammers. You can find your merchant account ID under "Account options" in your Settings.” https://www.paypal.com/c2/smarthelp/...locale.x=en_C2 And this from a moderator on the PayPal Community forum: “All PayPal accounts, regardless of Personal or Business, will have a merchant ID as all accounts are capable of receiving payments. It does not affect your account in anyway, but does help our customer service locate an account if you were to ever need assistance in selling. Otherwise, it's just cosmetic.”
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Tony D'Agostino Momentum S250 MxV & HD pre; Linn Klimax Organik DSM, SonicTransporter, EtherRegen; Acoustic Signature Typhoon Neo, Koetsu RSP, Boulder 1108; Sf Il Cremonese; Shunyata Everest, Altaira, Sigma & Alpha v2 |
#9
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Quote:
__________________
Christian south: Mark Levinson No. 52 pre, Bricasti M28 amps, Lumin A1, Oppo BDP-205, Pioneer CT-43, Sony SS-AR1 Speakers, Audioquest Dragon PCs, Audioquest speaker cables, Audioquest interconnects, HB Power Design Powerslave Star Galaxy power distributor north: Vitus SIA-030, Luxman D10X, Sony TC-KA3ES, Harbeth 40.2, Siltech cables |
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