[al8apex]

they have been allowing buyers to report sellers with grossly high shipping and handling fees for several years now. Part of the seller's "dashboard" score is exactly that.

One of the things I don't like is they (ebay) says the sellers have to keep reasonable shipping fees yet the seller gets docked 3% for the shipping amount when the buyer uses PayPal (~ 95% of the buyers). How can you keep the shipping "reasonable" when they are skimming 3%?

And to top that, for 2011 PayPal will begin reporting (1099) payments received into accounts of those users who receive more than $20,000 and more than 200 payments.

Apparently the IRS accepted public comments and has now made its final rule - it will stick to requiring that the "gross amount" be reported. The proposed regulations defined gross amount as the total dollar amount of aggregate reportable payment transactions for each participating payee without regard to any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts, or any other amounts.

The final rule states, "Several commenters suggested defining "gross amount" as net sales, taking into account credit transactions, chargebacks and other adjustments, on the ground that gross amount is not a true indicator of revenue." Nevertheless, the IRS will require payment services to report the gross amount.

Yeah, double jeopardy ...