Quote:
Originally Posted by DBS.US
$20,000 USD in gross payment volume from sales of goods or services in a single year
200 payments for goods or services in the same year
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Yep. And to emphasize, BOTH those above thresholds must be met ... $20K payments AND 200 transactions.
Very few PayPal users do that much in gross sales and volume in the same year.
onedree- no need to withdraw. It wouldn't help anyways in regards to the reporting requirements.
In the fine-print, all PayPal payments for goods and services, both on and off eBay, count, including, if my understanding is correct, even those payments later refunded / credited back. As for personal payments, those supposedly aren't counted towards the thresholds, but it may be PayPal's discretion in edge cases.
Ron