Why Does OfferUp Need My SSN?

What can someone do with your phone number?

If someone steals your phone number, they become you — for all intents and purposes.

With your phone number, a hacker can start hijacking your accounts one by one by having a password reset sent to your phone.

They can trick automated systems — like your bank — into thinking they’re you when you call customer service..

Are you required to give out your Social Security number?

Yes, you can refuse unless you’re legally required to provide your Social Security number (SSN). However, there’s also no law preventing businesses from asking for it or refusing you service if you don’t provide it.

Can you get your money back on OfferUp?

Purchases from Pro Sellers Using the app, buyers have the option to request a refund. Once a refund is requested, Pro Sellers will need to accept the refund in order for it to be approved. If a refund is not accepted, the buyer can submit a claim to OfferUp Support for assistance.

Can OfferUp be trusted?

While the OfferUp app is great for finding good deals on small to mid-size items like furniture or appliances, it may not be the best go-to place for vehicle buying/selling. OfferUp car scams abound. Scammers often pose as trustworthy buyers or sellers of big price items like cars.

Who do you legally have to give your Social Security number to?

You do need to give your Social Security number (SSN) to: Companies from which you are applying for credit: credit cards, loans of any type, cell phone service. Your department of motor vehicles. Employers. The three main credit reporting agencies: Equifax, Experian, and TransUnion.

How much can you sell without paying taxes?

Regarding you question, how much can you sell before paying tax on your earnings, as a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly. You must file a return if you earn $400 or more in net earnings from your business.

How do you get paid on OfferUp?

To get paid on OfferUp, sellers collect cash in person or get paid through the app for shipping transactions.Selling locally. Usually, a seller and buyer make a tentative agreement about the price before they meet. … Selling shipped items. When shipping, sellers get paid through the OfferUp app. … After you sell.

What can a scammer do with my phone number?

This scam, also known as port-out or SIM splitting fraud, allows criminals to hijack your cell phone number. Once they have your number, the bad guys can clean out your financial accounts, confiscate your email, delete your data and take over your social media profiles.

Should I give out my number on OfferUp?

When you use OfferUp’s messaging system, you never need to give out your email address or phone number. Giving out personal information is how fraud and identity theft can start. The person or the post tells you about an “investment opportunity” or an “easy way to make money” by sending money.

Does OfferUp report to IRS?

OfferUp collects tax on items sold through OfferUp’s payment processing services (including Shipping and Hold Offer). … If you are an individual casual seller selling a taxable item, you won’t need to take any additional steps: OfferUp will handle the calculation, filing, and reporting as if the sale was made by OfferUp.

How does OfferUp make money?

OfferUp is a mobile-first C2C marketplace on which users can buy and sell items. … The business model of OfferUp is based on charging sellers a fee for every sale made and shipped through its platform. The company furthermore makes money through promotional listings and a dedicated program for car dealerships.

How do I protect myself on OfferUp?

Safety TipsNever share confidential information with another user (i.e. passwords, social security number, banking information). Check out our blog for ways to stay protected online.Don’t share your phone number. Chat through the OfferUp app! … Research the person, product, and place. Check out the other person’s profile.

How can I check to see if someone is using my Social Security number?

To see if your Social Security number is being used by someone else for employment purposes, review your Social Security Statement at www.socialsecurity.gov/myaccount to look for suspicious activity. Finally, you’ll want to use additional scrutiny by regularly checking your bank and credit card accounts online.

Can someone access my bank account with my Social Security number?

Your Social Security number is the most important piece of personal information a bank needs when extending you credit or opening an account. With that number, a thief can get credit cards or loans, and when it comes time to repay them, they won’t, damaging your credit in the process.

Why you should never give out your Social Security number?

A dishonest person who has your Social Security number can use it to get other personal information about you. Identity thieves can use your number and your good credit to apply for more credit in your name. … We don’t give your number to anyone, except when authorized by law.

What percentage does OfferUp take?

7.9 percentBuyers will pay for shipping costs; sellers can list for free, but will pay OfferUp a 7.9 percent fee if the item is sold. OfferUp provides buyer and seller protections; you can read more details about the shipping rules here.

Who can legally ask for your SSN?

Federal law mandates that state Departments of Motor Vehicles, tax authorities, welfare offices, and other governmental agencies request your SS number as proof that you are who you claim to be.

How do you know if someone is legit on OfferUp?

A strong indication that someone has good character will always come from the ratings. Ratings are only posted to a profile once a transaction has occurred (someone has been rated a buyer or seller), so if someone has an otherwise blank profile, but 35 five-star ratings, they’re probably a reliable person.