Think it's more about the Government than paypal. But Pay-Pal is going to use it to get all your personal info for there own use. You are going to have to give tax I.D info and if they will ask to see your DRIVERS LICENSE to get your money . Guess this is more for sellers than buyers. Bottom line is the big brother is coming after everyone that sells anything.That is good. I don't need someone scamming me because paypal is too lax.
I really don't think it's about hiding anything. It's about everything you sell you will have to claim on your taxes because everything will be reported to the I.R.S.....Won't matter to most but the ones that do sell collections and alot through the year it might change your tax bracket. this is for die cast,old cloths,shoes, ect..... they want the money.That's why everyone was selling on ebay to make an extra buck for themselves.Not going to bother me at all... I have nothing to hide
I really don't think it's about hiding anything. It's about everything you sell you will have to claim on your taxes because everything will be reported to the I.R.S.....Won't matter to most but the ones that do sell collections and alot through the year it might change your tax bracket. this is for die cast,old cloths,shoes, ect..... they want the money.That's why everyone was selling on ebay to make an extra buck for themselves.