eBay requires sellers to provide identification details, such as Social Security number, to issue 1099 tax forms and verify identities for tax regulations compliance. New sellers may have funds held for 30 days and are required to submit identity verification documents when tax reporting thresholds are reached.
Increased verification requests are driven by reduced 1099-K thresholds and anticipated enactment of the INFORM Act.
Many buyers prefer purchasing from verified, top-rated sellers who meet account standards over time through active selling. Providing accurate details when requested is crucial for maintaining buyer trust and avoiding account restrictions.
To sell internationally on eBay, sellers must meet more stringent requirements to enhance safety and buyer protection. Identity confirmation is mandatory before listing items globally. Listings are saved for 30 days, allowing sellers to return and complete them. Only electronic payments through PayPal or merchant credit card accounts are permitted.
Confirming identity is necessary for the first international listing and sellers can choose from three options: bank account, credit card, or PayPal.
Buyers can bid anonymously on private auctions, as eBay conceals bidder IDs. However, unless complete anonymity is required, limiting bidding to private auctions may not be necessary. Balancing privacy with building buyer trust is essential.