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Post by jasoninsd on Sept 28, 2022 18:11:40 GMT -5
I have been putting off listing my wraps for sale on Etsy for quite awhile now...nothing to do with this...just...putting it off! This really changes things tremendously! My bank was recently bought out...so I had to update my PayPal with the new routing number and new debit card info. When I updated the bank account, they were wanting my bank login information. Then, in really small print, it said something to the effect of "or do it a different way". So, I opted for that...where they make two small deposits for verification. There's no way in hell I'm giving out my bank login information to anyone...well...maybe my wife...someday!  |
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Post by hummingbirdstones on Sept 28, 2022 18:33:00 GMT -5
After our big show in August, I got an email from Square telling me we'd be getting a 1099-K this year because of the new tax crap. They just told me to confirm our tax info. When I first set up the account I had to do the small deposit as confirmation of the bank account. No big deal.
I would not give out my bank login and password to ANYONE. That has got to be illegal and I hope someone actually sues Etsy because of it right now.
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markb
Cave Dweller 
Member since May 2022
Posts: 472 
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Post by markb on Sept 29, 2022 1:44:45 GMT -5
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Post by rmf on Sept 29, 2022 5:06:39 GMT -5
It is so hard to figure out what rockjunquie really thinks:)
Thanks to all for posting Tommy and comments (everyone else) this information. I think I just dodged a mine field. |
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Post by rockjunquie on Sept 29, 2022 5:16:31 GMT -5
It is so hard to figure out what rockjunquie really thinks:)
Thanks to all for posting Tommy and comments (everyone else) this information. I think I just dodged a mine field. I have despised Etsy for a LOOOOONG time. This doesn't surprise me. |
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electrocutus
spending too much on rocks
Member since October 2020
Posts: 341
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Post by electrocutus on Sept 29, 2022 8:30:08 GMT -5
There is absolutely no valid reason they can have to require your login information to your account. They can validate your account without this information. Other businesses handle this by just requesting your account info (NOT the login details), and then deposit a token amount (like $0.07) that you can then confirm. It's as simple as that. This sounds ridiculous! I think this has more to do with the new tax laws. Our new government is spending money like crazy, funding the war in Ukraine for personal gain. forgiving student debts that the public will end up paying for, etc. This is all driving up inflation and they keep wanting to spend more. They need a new source of income though, so they are now looking at all bank accounts with more than $600 in transactions per year to tax.
They already have places like Ebay and Amazon acting as illegal tax collectors. Taxes are not supposed to be applied on out of State purchases unless the company has operations in the State the purchaser is from for the collection of that State sales tax. Yet they automatically include a State sales tax on all purchases. To what State is that sales tax going to? And what is the rate since for instance here in Nevada each County has a different sales tax rate?
I get you. However, requiring login info to an account goes way beyond what they need to track. The first thing people are taught about safe online banking and shopping is to NEVER give your login information to anyone. |
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Post by broseph82 on Sept 29, 2022 14:28:13 GMT -5
I think this has more to do with the new tax laws. Our new government is spending money like crazy, funding the war in Ukraine for personal gain. forgiving student debts that the public will end up paying for, etc. This is all driving up inflation and they keep wanting to spend more. They need a new source of income though, so they are now looking at all bank accounts with more than $600 in transactions per year to tax.
They already have places like Ebay and Amazon acting as illegal tax collectors. Taxes are not supposed to be applied on out of State purchases unless the company has operations in the State the purchaser is from for the collection of that State sales tax. Yet they automatically include a State sales tax on all purchases. To what State is that sales tax going to? And what is the rate since for instance here in Nevada each County has a different sales tax rate?
I get you. However, requiring login info to an account goes way beyond what they need to track. The first thing people are taught about safe online banking and shopping is to NEVER give your login information to anyone. It's also NOT Etsy using that log-in information. It's a third party AND they've been exposed in the past for selling your information. There are some write ups about it out there. |
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Post by stardiamond on Sept 29, 2022 15:40:16 GMT -5
Is it possible that it is a scam? I already receive payments to my checking account. It has been that way for 3 years when I set up my account.
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Tommy
Administrator 
Member since January 2013
Posts: 12,987
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Post by Tommy on Sept 29, 2022 16:41:25 GMT -5
Is it possible that it is a scam? I already receive payments to my checking account. It has been that way for 3 years when I set up my account. Not a scam, it's well published. My 'deadline' came and went and I got another email from Etsy today that says this: Edited to add:  |
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Post by Pat on Sept 29, 2022 16:54:09 GMT -5
Tommy. Do the four instructions include providing your logic information/password? I don’t use Etsy.
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Tommy
Administrator
Member since January 2013
Posts: 12,987
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Post by Tommy on Sept 29, 2022 17:19:41 GMT -5
Tommy. Do the four instructions include providing your logic information/password? I don’t use Etsy. No, Etsy quickly hands you off to Plaid where the real fun begins. This is directly from Plaid's privacy and security disclaimers: Umm.. I'll pass. |
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Post by Pat on Sept 29, 2022 17:48:32 GMT -5
Wow!’
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Post by stardiamond on Sept 29, 2022 17:50:30 GMT -5
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Post by MsAli on Sept 29, 2022 18:03:00 GMT -5
I'm don'e with them as well and have switched to eBay
Beth I don't know why they require you to have a card on file to buy items. That is news to me.
I haven't sold any jewelry or cabs on it yet a d may look into other sites first.
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Post by stardiamond on Sept 29, 2022 18:12:28 GMT -5
I'm don'e with them as well and have switched to eBay Beth I don't know why they require you to have a card on file to buy items. That is news to me. I haven't sold any jewelry or cabs on it yet a d may look into other sites first. facebook is probably the best place www.facebook.com/groups/539242229527605I do this as a hobby and if they demand secure information I will notify my customers and close my shop. |
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Post by vegasjames on Sept 29, 2022 19:08:36 GMT -5
Tommy . Do the four instructions include providing your logic information/password? I don’t use Etsy. No, Etsy quickly hands you off to Plaid where the real fun begins. This is directly from Plaid's privacy and security disclaimers: Umm.. I'll pass. Sounds like they are opening themselves up for some serious lawsuits regarding the social security part. Under the Privacy Act 1974, you cannot be asked your social security number by anyone without their making you aware specifically of the rules including your right to refuse. Most people have no clue what the Privacy Act is though and are so conditioned to just give up personal info when asked to do so. Social security numbers were not designed as a means of personal identification and are not supposed to be used in this way. |
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Post by vegasjames on Sept 29, 2022 19:10:52 GMT -5
Is it possible that it is a scam? I already receive payments to my checking account. It has been that way for 3 years when I set up my account. Not a scam, it's well published. My 'deadline' came and went and I got another email from Etsy today that says this: Edited to add: I wonder what is going to happen to the money made by sellers already that have not gone to the seller yet from Etsy if the sellers do not comply. Is Etsy going to illegally keep that money? |
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khara
fully equipped rock polisher
Member since September 2022
Posts: 1,980
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Post by khara on Sept 30, 2022 0:23:08 GMT -5
If you have fraudulent activity on your account, withdrawals or purchases made by someone other than yourself, and your bank finds out, or simply suspects, that you willingly gave your login and password out, they will NOT consider the activity as fraud and therefore will not reimburse your account as they normally would. We could all easily confirm this by calling up our banks and saying “hey I’ve got someone here demanding I give them my username and password”, and just see what their response is. This right here makes Etsy’s new Plaid policy dangerous nonsense.
Also, did anyone else catch the fact that this requirement is for Etsy’s US sellers only? It’s our recently enacted tax laws prompting this. I find this extremely sad and infuriating all at once. I’ll refrain and leave it at that. But since all platforms are now tasked by the federal government with tracking and reporting our “sales” (shipping, selling fees, and buyers sales tax included as part of our “income”) then I doubt we will find a platform that is much better. It may be that Etsy is going about this in the worst way, but they are all having to find ways to go about it.
After such a short-lived time with the great advent of online selling platforms, are we all relegated back to the craft show circuit? There’s definitely going to be a shift coming in who still sells and how. Kinda feels like the bully kicking over everyone’s lovingly crafted sandcastles.
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QuailRiver
fully equipped rock polisher
Member since May 2008
Posts: 1,640
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Post by QuailRiver on Sept 30, 2022 1:32:36 GMT -5
As I suggested in Tella's "I'm Done With Etsy" thread a couple of years ago... forum.rocktumblinghobby.com/thread/90755/etsy"Have you folks ever considered doing a co-op site for selling cut stones? Once the initial costs of such a site like that being setup is completed, keeping it online shouldn't be too expensive. Keep it limited and quality controlled and I could imagine the potential to grow exposure without costly advertising could be done with properly labeled photos of cut stones that would appear in the searches for images on Google, Pinterest, Instagram, etc.. Just typing off the cuff here but it may be something to think about." Look at what Sam Silverhawk was able to achieve with his independently owned site. www.samsilverhawk.com/gems1.htmlSam isn't as active these days as he used to be. But back in the day he drew a lot of traffic to his site and built a large following of buyers by offering quality photographs of quality material cabochons. Photos of cabs so gorgeous that hundreds of Pinterest and Instagram users saved his cabochon photos to their social media pages which were linked to Sam Silverhawk's selling platform. So much so that when doing an online search of any specific material cabcohon, and then clicking on the "images" link for the search results, nearly always Sam Silverhawk's cabs were well represented. It was free advertising. And once found, buyers of cabochons will return to any source of quality material as long as the cabs are photographically well represented and are priced fairly. As they have continued to do with Silverhawk's site. Most of his cabs are priced in the $45 - $60 range and each batch usually sells out within a few hours of listing. Again...something to think about. |
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Post by fernwood on Sept 30, 2022 5:40:12 GMT -5
I'm don'e with them as well and have switched to eBay Beth I don't know why they require you to have a card on file to buy items. That is news to me. I haven't sold any jewelry or cabs on it yet a d may look into other sites first. This happened many years ago. I hadd paid for some items from a seller. The seller never sent me the items and only responded to emails with characters like !@#$% I filed a complaint. The seller then filed a complaint against me. They said I had never paid for the items. I had paid via personal check. I sent Ebay a copy of the cancelled check. After that Ebay said I would be banned from selling/buying unless I had a credit card on file. This was in the early 2000's, so things may have changed. I did try to set up an Ebay account last year. It was declined. |
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