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What's the difference between a personal and business eBay account?

Discussion in 'eBay, Amazon & Online Marketplaces' started by Luke, Mar 22, 2009.

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  1. Luke

    Luke

    Joined:
    Nov 27, 2008
    Messages:
    29
    Evening,

    Just a quick question.

    What it the difference between a personal and business account?

    I know the fees have now changed, but apart from that, is there a limit on how much you can sell in monetary terms?
  2. LOWRIDER

    LOWRIDER

    Joined:
    Oct 22, 2008
    Messages:
    2,412
    Re: Accounts

    Talking about ebay or paypal? or something else!!!
  3. Luke

    Luke

    Joined:
    Nov 27, 2008
    Messages:
    29
    Re: Accounts

    Sorry, Ebay.
  4. Anthony

    Anthony

    Joined:
    Oct 17, 2004
    Messages:
    17,316
    Re: Accounts

    If you are trading commercially, you should be registered as a business. This isn't just for eBay but also in accordance with the law.

    I can only assume, hence you being on here, you are a business and should therefore be registered as such with HMRC and have the appropriate accounts with any marketplaces that you use.
  5. WeDropIt

    WeDropIt

    Joined:
    Mar 22, 2009
    Messages:
    151
    1 difference is the number of items you list can and probably will be limited with a personal account. ALL Powersellers have to be business registered and if you intend selling in high volumes, or repeat selling same items you will also need to register a business account otherwise problems will arise

    Matt
  6. Luke

    Luke

    Joined:
    Nov 27, 2008
    Messages:
    29
    Nope, I'm not a business.

    Reason for asking was that I was going to buy a few bits and pieces as wholesale and try and sell them on Ebay that was all.

    Nothing too serious.
  7. isydropship

    isydropship Banned Member

    Joined:
    Aug 20, 2008
    Messages:
    732
    So you are a business.

    Buying to make a profit?
  8. Luke

    Luke

    Joined:
    Nov 27, 2008
    Messages:
    29
    I'm not a business because nothing is set up.

    I was just thinking about earning a little more cash that was all and wasn't sure whether I'd get penalised by Ebay if I sold things on a personal account.
  9. ifti

    ifti

    Joined:
    Oct 9, 2008
    Messages:
    478
    If you buy something with the intention of selling for a profit, then you are classed as a business user.

    You CAN be a powerseller while not having a business account - I know since I used to be one on a private account, although I lost the status shortly after when I ran out of things to sell! Ive since had to change to a business account as I didnt realise that if you buy to sell for profit eBay class you as a business user.

    Nevertheless, I got powerseller status back again, and am about to lose it again since Ive gone off of eBay due to the high fees between eBay and PayPal, and the new feedback rules etc.
  10. Luke

    Luke

    Joined:
    Nov 27, 2008
    Messages:
    29
    So if I sell a few extra bits and pieces on Ebay then I'm not going to have my account frozen or something stupid?
  11. Andy777

    Andy777

    Joined:
    Apr 24, 2007
    Messages:
    23,502
    No, of course not! If you sell items from around your house, you'll be ok with personal account.
  12. Mitch

    Mitch

    Joined:
    Feb 7, 2009
    Messages:
    1,128
    eBay would freeze your account until you made a business one if you were buying lots to re sell
  13. nautilus

    nautilus

    Joined:
    Mar 4, 2009
    Messages:
    32
    I don't think ebay will freeze your account as they generally turn a blind eye to obvious business sellers masquarading as private sellers. However an ebay competitor could report you to the tax authorities and I believe that there is the possibility that the tax people could pick up on ebay sellers who are obviously buying to sell on. It is clearly stated that buying with the intention to sell on classes you as a business.
    In answer to your question the main difference between private and business is that you will by law have to pay tax on you profit provided you are over your personal tax free limit for the year. There may also be a liability for NI payments.
  14. aadham

    aadham

    Joined:
    Aug 9, 2009
    Messages:
    9
    depends on how often you decide to do this, if ebay clock onto it there will probably be restrictions implemented on your account, its best to just use a business account to be safe.
  15. pearson002

    pearson002

    Joined:
    Apr 15, 2011
    Messages:
    2
    is there a difference in the fees between the two accounts
  16. N1HU$TLA

    N1HU$TLA

    Joined:
    Oct 28, 2009
    Messages:
    41
    what if he make no profit on them?

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