posted on September 16, 2000 06:00:38 PM new
Since I didn't get an answer I'm reposting this on a separate topic, which I think it deserves.
PaypalDamon- I think one of the issues is what constitutes a business and the implications of that.
I have been selling my excess household possessions on ebay using Paypal. But these are items for which I paid more than I am selling them for (with a couple exceptions which I report as capital gains to the IRS).
However, it if I sell enough for PayPal to require me to open a business account is that going to call into question my IRS reporting? After all, if I'm a business to Paypal, will force me to prove that I'm not a business? Will have to go through an audit, just because of my PayPal status?
I think this is a big issue for the auction community and for Paypal. Your requirements are creating climate of change (which is always uncomfortable and why you are getting so much flak) but you need to think through the implications for your users.
I realize that this is not a popular answer at the moment, but the definitions of what a business is is still being established. Our clickthrough page was meant as a reminder of the tou regarding business use, but it has blown up into numerous issues.
I can assure all that these concerns are being addressed.
