Question: Why Does Etsy Need My Social Security Number?

Do I need a Social Security number to sell on Etsy?

They only need the routing number and account number.

The ONLY thing etsy can legally ask for your social for is if they are extending credit.

It is illegal to ask for the last four of your social for identification purposes only..

Is Etsy considered self employed?

Etsy sellers, or Etsy-preneurs, value their business independence. … Etsy sellers pay income taxes on their sales. This is considered self-employment income, which means you must fill out a Schedule C “Profit of Loss from Business.” As an Etsy-preneur, you will owe taxes on the net profit from your business.

How much does the average person make on Etsy?

While fairy tales of wildly successful Etsy sellers abound and overall sellers report an average household income of $56,000 annually, up to 65 percent of those sellers earn less than $100 per year from their Etsy shops.

Does Capital One ask for SSN?

We prohibit the unlawful disclosure of your Social Security number and restrict access to your Social Security number except when required for authorized business purposes. Security Checks. Capital One uses several security features to help protect your accounts from unauthorized access.

What should I do if I get identity theft Social Security number?

Report the identity theft to the responsible government agencies. The Social Security Administration directs you the Federal Trade Commission’s (FTC) website IdentityTheft.gov. You can also file a police report with your local jurisdiction.

Why would Amazon need my Social Security number?

In addition, the IRS can still obtain your income information from Amazon as they do sometimes spot check self-employment income that is too small for 1099s. … Providing your SSN to Amazon for tax related purposes is a legal requirement no matter how small of a seller you are.

Does Etsy report to IRS?

Etsy reports your gross income to the IRS on Form 1099-K, but even if you don’t receive a 1099-K, you must report Etsy sales income on your tax return. If your state has income tax, you must pay state income taxes on the net income from your Etsy sales as well.

Who can legally ask for your SSN?

Who has the right to request your SSN? Federal law mandates that state Departments of Motor Vehicles, tax authorities, welfare offices, and other governmental agencies request your SS number as proof that you are who you claim to be.

Why you should never give out your Social Security number?

It’s the identification number the government uses to track your wages, and it’s something you’ve probably heard you should keep under wraps to the greatest extent possible. The reason? If your Social Security number falls into the wrong hands, you could wind up a victim of identity theft.

Do Etsy buyers see your address?

The buyer sees the name of your shop as the seller and the address that you have listed as the address that you ship from. Hope this helps.

Why is Etsy bad?

At a moments notice, Etsy could raise their fees dramatically and put you out of business. It doesn’t matter how much work you put into your store. It doesn’t matter how much money you’ve made in the past. All of your hard work could be flushed down the drain because of factors outside of your control.

Will Amazon ever ask for your social security number?

Always make sure your browser URL bar shows the correct secure Amazon address. For one thing, Amazon should not be asking for your social security number in that context (from a basic web page that is not within Seller Central). … Amazon does not ask for personal info in e-mails or online website.

Should you ever give your Social Security number online?

It’s a good idea to protect your Social Security number and not give it out unless you need to, this helps to prevent identity theft and fraud. To check on information about your Social Security number, always make sure you are using the official ssn website – it should have a .

Are you required to give out your Social Security number?

Yes, you can refuse unless you’re legally required to provide your Social Security number (SSN). However, there’s also no law preventing businesses from asking for it or refusing you service if you don’t provide it.

Do you need a tax ID number for Etsy?

What kind of taxpayer ID do I need? If you’re a sole proprietor—meaning you are not a business entity that is a corporation, partnership or limited liability company—you may use your Social Security number for tax filing and reporting. … Even if you’re a sole proprietor Etsy shop owner, you can still opt to get an EIN.

Does Etsy track your IP address?

Etsy’s own Privacy Policy says they collect your IP and use it for various things, including security and fraud.

Do crafters need a tax ID?

If craft sales is just a hobby and you do only a couple of shows a year, it is probably not necessary to get a tax ID number. You should include whatever money you do make in your tax return for the year, especially if you make over a certain amount.

Should I get an LLC for my Etsy shop?

Well, most Etsy shops are sole proprietorships. But there are good reasons why some Etsy shops may want to consider becoming either a corporation or an LLC. … The ongoing requirements that apply to corporations and LLCs, but not to sole proprietorships and partnerships, help protect investors.

Can you get banned from Etsy?

Sorry, but this is the only way that marketplaces like Etsy, eBay, Amazon, etc can actually ban bad actors. They will block any accounts associated with the data they know about the person: IP address, physical address, cookies, CPU serial numbers, bank accounts, SS numbers, phone numbers.

Can Etsy sue you?

Warranties and Limitation of Liability (or the Things You Can’t Sue Us For) Items You Purchase. You understand that Etsy does not manufacture, store, or inspect any of the items sold through our Services. … Any legal claim related to an item you purchase must be brought directly against the seller of the item.

Do you get a w2 from Etsy?

Etsy, like other marketplaces, is required by US law to send out a 1099-K tax form. A 1099-K form from Etsy reports the total gross sales income you received through Etsy Payments during the last calendar year. … Payments processed through your own PayPal account. Checks.