Funds on hold for private sellers

[usednotabused7]

I would like to respond to the new rules coming in February, now I post only via tracked mail. So what in fact the new rules are saying. If I dispatch on time and Jane is not home and doesn’t pick her item up for ten days, then I have to wait for my payment. Rules would make more sense if a private seller did not use tracked mail. You have customers that order and don’t pick up parcels. You have customers that will wait the full 18 days the PO holds items for, item could be then destroyed, damaged due to storage and potential loss of a sale to someone else and possibly not returned to you. After all your efforts photographing and listing , you’re doing it as you want to make that sale and get that extra cash. And not forgetting the ones that order and go on holiday.  So I would like to ask how is that encouraging for me as the private seller, who would like the funds to pay for postage and maybe buy a new item from the proceeds.

[**incy**]

Private seller?

[usednotabused7]

What’s that ment to mean

[clearingmyshelves2025]

Lots of new items in different sizes, I think is what is being referred to...

[**incy**]

I was questioning where you stated  - 'for me as the private seller'  you don't look like a private seller to me.

[usednotabused7]

Thought as much, but people shouldn’t judge before they know a situation. Opened a business ac back in 2012 thought I would try my hand. By Covid everything became dead, lots t money dead stock not profit left to be made as listed over and over, shop fees etc. now I am left with a lot of stock so i just list them. Nothing fishy round here. Nothing I’ve got listed can be purchased again, as suppliers all closed and gone. Maybe a few of my Stella Morgan and Izabel London might surface if others have old stock. Still have my business ac but nothing sells there so closed the shop dead money being spent. Have a few things listed there for the past year but only one sale. Hope this clears up the situation. 

[usednotabused7]

Well I’ve just answered, don’t judge the book by the cover. And as a eBay shop owner wasn’t even making money, too much competition in clothing. Easier for me to sell one of my own personal items or a family members.

[papso22]

If that was business stock, then they are business sales, not  private ones.

[usednotabused7]

So where is the profit that I am ment to pay tax on 

[papso22]

Making a profit and paying tax are irrelevant as to whether you should sell on an ebay business account.

Buy to sell - business account needed.

You bought with the intention of selling, just because things went wrong doesn't mean the stock became unwanted personal possessions. 

[usednotabused7]

Now let’s be clear most of my items you see were purchased between 2012 and 2015. EBay shop fees have far long cancelled out any profit I would have made. Me trying to sell them now is trying to clear a room full of clothing not make a profit. I could do car boot but this is a far better solution for me. How it appears to others is not really my concern. Or should I bin perfectly good items or just leave them hanging or give them away. I didn’t come on here to justify to anyone about my listings. I came on to vent my feelings about the new upcoming rules. I was a private seller then a business seller now I am a private seller.

[usednotabused7]

And I will add making a profit and paying tax is not  irrelevant, if you are making a profit. Me selling on a business ac I would intend to make a profit and offer 30 days returns etc. Me selling on a private ac is me getting rid of things I no longer need. Things you no longer need or have use for extends far beyond the used item. I have a lot of  personal new clothing also not worn and with tags.