Revanchist
Just Browsing
Bought plenty off of there and have yet to have a problem. I think my wife sold some of my own text books on there too and it all worked out well for us.
Alex, Osiris, Breeze, Dee,
When you sell something on Ebay do you need to pay any income tax on your gains? Does Ebay keep track of these things and report to the IRS? Not that I'm thinking about doing anything illegal but just a bit curious.
I am assuming that when you sell something on Ebay that there are no taxes whatsoever for which you are responsible. Not sure how this works with people who use Ebay for a living. Surely they must pay some sort of income tax.
It depends; from a UK perspecive at least - if you are selling the odd personal item that you own then no (you are allowed a sale of personal goods allowance). If you are in effect a trader then yes, the line between these can be blurry.
As for PayPal, I don't know but I doubt it. But I know HMRC trawl Ebay for high activity sellers, I'd be surprised if the IRS didn't do likewise.
I've been using ebay for over 5 years. No major problems just a couple of minor issues in over 500 transactions.
Fair.
Their costs have gone up substantially, and you have to be REALLY careful how you send money or be very specific that you want your item shipped properly.
I cant tell you how many processors Ive bought off of ebay only to have them shipped in a bubble mailer, and arrive crushed.
-Filed a claim and got my money back.
I also bought a Holley Carb, which arrived in a too small box, linkages bent, bowl screws destroyed...but he got it here for half the shipping cost I paid.
-Filed a claim and got my money back.
Or, the seller that takes your money and never ships product...
-Filed a claim and got my money back.
Lets not forget the guy that said "Contact me for other parts"...which only resulted in Mail Fraud.
Lost my money. Ebay couldnt do anything, the US Postal Service didnt investigate, and the US Money order wasn't able to be tracked.
Use the feedback options, and READ their feedback before you bid on any of their auctions. Look at returnability or refunds. Is it New/Refurb'd/Used.
Use a secure source of funding that can quickly get your money back if needed.
Money orders are a loss as are checks or cash.
Selling is costly too. They take a final value fee out of whatever you sell.
Generally small items are not worth listing, unless you have a MASS amount of items to offset the listing costs. (Generally $3.50 to list)
Half.com you will loose your ASS by selling your books there. I lost one whole textbook cost in the fees alone ($15.00 for 2 books).
Ive also found that the 3rd party Sellers on Amazon are another fiasco.
Generally they are slow to ship, or they don't ship at all.
Hope this helps somebody.
Just wondering what other people's experiences have been using Ebay. Good, Bad, Fair? Any unusual stories? What do you usually buy?
I am looking into buying a laptop tablet PC and didn't want to pay retail so I've been hunting around on the Ebay for one but the prospects of getting burned out of more than $500 does not seem appealing.
Also was wondering if anyone has SOLD anything on Ebay and if it is difficult to set up. I have heard of people making a living off the site and was wondering how they do it. What has been your experience selling?
Just wondering what other people's experiences have been using Ebay. Good, Bad, Fair? Any unusual stories? What do you usually buy?
I am looking into buying a laptop tablet PC and didn't want to pay retail so I've been hunting around on the Ebay for one but the prospects of getting burned out of more than $500 does not seem appealing.
Also was wondering if anyone has SOLD anything on Ebay and if it is difficult to set up. I have heard of people making a living off the site and was wondering how they do it. What has been your experience selling?