Etsy freezes some seller accounts due to tax updates!

Recently, Etsy announced that they must check or update their taxpayer ID and address, otherwise some sellers ' accounts may be frozen in January. However, according to some sellers , Etsy actually froze their accounts as early as the shopping season .

In response, Etsy advises sellers that starting in January 2022, stores without taxpayer information on file will face a freeze. To ensure that consumers ' sales experience and payments are not disrupted, sellers must update or check taxpayer IDs and addresses by the deadline !

Etsy cited new tax regulations that require it to report payments of more than $600 it processes on behalf of sellers starting with the 2022 tax year. Currently, payment processors such as Etsy and PayPal must issue IRS forms for sellers who process more than 200 transactions totaling at least $ 20,000 .

But some sellers said on Wednesday that they did receive email notifications , but they had trouble updating their accounts . The sellers were very confused and wondered if their tax ID number caused the listing to be deactivated .

According to the seller, he has been selling on Etsy for a year, but he is still unfamiliar with some things . After receiving the tax email , the seller went to his store manager and updated his EIN number, but Etsy still said it was incorrect and froze his store. Afterwards, the seller updated his SSN and everything returned to normal .

Another seller said that all his accounts were deactivated by Etsy . The seller was very helpless and didn't know what else he could do in this situation . The seller is looking forward to Etsy replying to his email as soon as possible. The sellers whose accounts were frozen are not only the two mentioned above, but other sellers have similar experiences. One seller said that he has been on Etsy for 10 years without any problems until now.

It is reported that Etsy sellers have not received corresponding support and any response. Although sellers with frozen accounts have provided some experience, this cannot help all sellers.

Etsy

freeze

Account