glad i moved away from ebay...

Worked for Microsoft! 😀

I only utilize them second hand now. Had several items I consigned with 4SCs end recently. I have even tried moving away from purchasing there if at all possible. So my overall business as a buyer and seller with them has fallen off a cliff. They need to adapt to survive.

anyone have a link to the changes today I must of missed it

Where do you guys buy from as your primary? COMC is a disaster, eBay sucks. As a Canadian the auction houses are expensive. Not aware of many other places to acquire mid tier stuff.

eBay will never, I repeat NEVER get any Bank account information from me.

With both of the vile USA political parties appearing poised with an anti-big tech agenda I do hope eBay will be one of the early ones under their microscope.

I finally consigned with 4SC earlier and they were great. Super fast payment. I also sent a huge part of my collection to PWCC vault. PWCC's free vault offer in March was too good to pass. I plan to sell my Peyton Manning collection this summer via the vault. I still sell on ebay, but far fewer transactions now.

-1.64% is free fall? That's a little overstated, IMHO.

Whatnot seems to be a great app that does live auctions and breaks. Definitely alot more trustworthy then eBay as you have a live feed to items that are being auctioned and sellers are heavily screened before being allowed to stream. I have enjoyed it buying a few slabs and just watching breaks and people get cards way cheaper then ebay. The community surrounding whatnot seems like a great bunch so far too, would recommend checking it out if anyone looking for new places to make purchases!

I need to discover the next big place to sell slabs. Done with EBay for the foreseeable future.

Here is something everyone should be aware of. Hidden in Biden's first stimulus package was a provision that changes the reporting threshold for electronic sales (EBAY) from $20,000 p year (been this amount since the inception of EBay) to a measly $600. That's right, sell over $600 in items this year on EBay, and you are going to get a 1099. The managed payments was leading up to this. Now there is a solid paper trail from your sales to your bank account, and big brother is watching. Just another example how the Democrats are destroying the gig economy. Elections have consequences. Flame away if you please.

I believe that $600 1099 issue starts for 2022

https://www.ecommercebytes.com/C/abblog/blog.pl?/comments/2021/3/1615153514.html/1/0

It also states, "The amendment made by subsection (a) shall apply to returns for calendar years beginning after December 31, 2021." (We think that means it won't apply to transactions processed in 2021 - stay tuned.)

As long as we are bringing politics into it, here's my go to rule

Do your own research, read source documents.

So would you be able to counter the sales amount on your 1099-K with your receipts from card purchases?

@jeffcbay said:
So would you be able to counter the sales amount on your 1099-K with your receipts from card purchases?

Not an accountant, but stayed at a Holiday Inn Express last night......

You would counter/deduct the total of "receipts" from card purchases that were SOLD, or more specifically sold on that 1099-K. You don't get to deduct the cost of cards still in inventory. Inventory is not an expense, it's an asset.

@blurryface said:

@prgsdw said:
I stand by the comment above. -1.64% is not free fall. I'm not commenting on eBay specifically, just the idea that a move of that magnitude is considered free fall. I guess different opinions is what makes a market.

as do i in that they eventually pulled out of a bigger nose dive earlier and (here’s the key words) ended up at -1.64% for the day. lunch time (when i already admittedly said when i checked) was a completely different story.

now this is beyond my pay grade, but the timing of the notice of these changes (which make it harder to list on ebay. i know as i just tried to tinker with it) almost directly coincide with the quick and steep decline the stock took in the morning shortly after the announcement. could it be coincidence? sure. but its hard to argue it didnt take a shellacking from 9am to noon. pretty sure it doesnt take a rocket-analyst to figure out the harder it is to list, the less will be listed thus resulting in less revenue generated.

in a nutshell, we are talking about a “jumbo shrimp”, right? 😉

player 1: sure its big, but lets get real, its still a shrimp, right?

player 2: sure its a shrimp, but its a big one, is it not?

Just to make sure we're all on the same page, at today's low, eBay was down 3.74%. Certainly definitions of free fall will vary, but even the strongest of markets have very many 5% pullbacks. The fact that it rebounded to -1.64% later the same day points against a "free fall" hypothesis.

jumbo shrimp.

Good analogy........ and losing 2 bucks a share could be very significant to some. Not a huge investor here, but was always of the mindset of: can I afford to lose 30% versus making $$ and not be reliant on the losing stock or fund, Historically comes back within 3 years. I wouldn't want to ride or park $$ on the e-bay coaster with the business decisions their making to drive sellers away from their platform.

I so want to use myslabs, but every time I look, the prices are crazy nuts. where seller fees are only 1%, you would think prices would be slightly below ebay and the sellers would still be making more money.

@rexvos said:

@craig44 said:
I so want to use myslabs, but every time I look, the prices are crazy nuts. where seller fees are only 1%, you would think prices would be slightly below ebay and the sellers would still be making more money.

Whatever you do, do not go to their FB site and mention this. One guy did, and then I supported him by saying that if a card is more than double ebay I just pass pass by it and do not offer. I immediately got lit up. The guy that had the card in question 1983 Topps PSA 10 Sandberg went after me. I just made a statement of fact and he attacked me personally and all his little pals did too. I met him in person at a show a few months back, I decided to be the bigger man and not bring it up, but I so wanted to call him out. You have to just get through the clown/ investor/ new card business man bro crowd to find a few things worth offering on. Anyway I set some cards up right at eBay with offers and sold a couple. The market has moved down a little so I need to adjust a couple. I tend to get offers of half eBay on that site which is also frustrating, but nothing is going to be perfect.

Those are the type folks who are in the hobby short-term. Then they'll move on to next thing... Sadly no hobby is ever left in better shape when speculators, flippers, "bro's" enter then exit a hobby. Think of it in effect as scorched earth.