Actually, the 10k transaction that is reported to the IRS is on one single transaction. It is not cumulative. However, I too, do not understand some of the recent business practices of Paypal and Ebay. There is no way to sell anything and actually make any kind of profit. They charge, charge, charge a seller for everything from a listing fee and final value fee, to a withdrawal fee when you want your own money you have worked hard for. By the time all is said and done you are paying Ebay and Paypal numerous times on the same transaction. It is absolutely no longer worth the work involved. One example: Where I live we do not have mail delivery service. I only receive mail at a PO BOX which is not acceptable to withdraw funds by check from Paypal. My verified credit cards come to that PO BOX address but that is not acceptable to Paypal. I cannot get my money through electronic means through my bank, because of a divorce and name change, or by check because of the PO BOX. I also do not like the fact that you MUST use your Paypal funds before you can use a credit card for a purchase. If I want to make a personal purchase I MUST use my business Paypal funds? Bull****. I have struggled to build a small business on Ebay and I will quit as soon as my stock is depleted. They are just too big for their britches! Time to move on....
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