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SAAC Forum Discussion Area / Re: SAAC members - shipping is as much part of the deal as payment
« on: March 24, 2023, 01:27:01 PM »
There is a minimum amount that if you sell over it, they are required to send the 1099. I THINK the amount is $1,500?
It's $600 and not just eBay. If there are more than $600 received in 'merchandise/goods' payments with like Venmo, Paypal... they will also issue 1099. That's why so many sellers only want to accept 'friends and family' as payment... which unfortunately gives no protection to the buyer. I only do this type of payment for those that I know personally. Zelle is a bank to bank cash app, with no reporting, but no protection with Zelle either as there are no 'take-backs' once the funds are sent.