Go to your ACCOUNT DASHBOARD. Look in the “What’s New” box and you will [URL removed]

“Update your payment and shipping info. If this is not completed by June 17th, your booth may be placed on hold. Update now »”

When you click on the Update now link it takes you to the screen to update your shipping address location and reauthorize your Paypal and Amazon Pay accounts. I clicked to reauthorize Paypal and was given the message I had to update to a Paypal Business Account to sell on Bonanza.

As soon as you have a sale, the sales tax part will be remitted to Bonanza right from your payment processor. There will not be a “one time” monthly payment option at the end of the month for all sales taxes due like with the selling fees. I think this is why we are going to need a business account to authorize Bonanza as a third party payee on your payment processor account.

I may be wrong but if anyone can get Paypal to reauthorize without becoming a business account holder let me know.

I just reauthorized. Even though I have a PayPal Premier account, I did NOT have to change it to a PP Business account. I simply selected the option to keep using my PP Personal account. My Bonanza account now shows that I have reauthorized PP to collect funds. I used the big green ACCOUNT DASHBOARD button (under Account dropdown menu) to get to the correct place.

I really resent this. I – maybe in a good year here – sell 5 or 6 items which are all low cost. If it comes down to “It’s either our way or the highway,” I am going to be done.

I’ve been here since way back when it was Bonanzle, out of loyalty to the site, but this is, to me, totally unacceptable.

I am an adult, and totally capable of filling out whatever tax forms would be required, assuming I ever had a sale from a state that collects sales taxes.

Even my own state of New York – only once in all that while, have I ever had a NYS sale, and it was for $4 — and yes, I declared it and paid sales tax on it!

ETSY pulled the same number – with what I consider a fatal flaw. First off, they didn’t tell us; they just did it. Then they began collecting sales tax from my sellers no matter where they live. How do I know where that money is going – or if it’s going anywhere?

Besides which, I have a resale tax form I dutifully complete each year. The money I collect in sales tax is an automatic deduction from my state income tax right now.
If ETSY or Bonanza were to “keep track of the money,” I’m sure I would have a devil of a time figuring out how much had been claimed and therefore how much my deduction on state tax would be….that is, assuming my measly bit of money ever got to the taxing jurisdiction.

This is yet another attempt to get rid of small niche sellers, in my opinion.

If you become a business account you are then a BUSINESS to the government and subject to all kinds of problems and hassles even if you just sell household trash laying around. Why would they make you do this?

If you accept payments through PayPal, you will need to authorize Bonanza to collect the tax amount as a fee. For new sellers, this will be an automatic step in the booth activation process.

For existing sellers, you can reauthorize your account here or in your booth settings. Where in booth settings…??…been 10 years since I set up booths..can’t seem to find the authorization

….“you will need to authorize Bonanza to collect the tax amount as a fee.”…

Don’t most sellers already have Bonanza authorized to collect their final value fees so if it is be collected as a fee…then shouldn’t that cover it…?

Going to post on the blog to see if get answer

I have had a Paypal Business account for years and have no problems. I don’t think it’s any different other than you can accept credit card payments.

I’m in Canada, but I only saw them talking about US sellers. I’ve submitted a comment, and it’s still awaiting approval, from yesterday.

Hi Sellers,

Late last night I found where to find the settings to set up my state tax.

Go to Booth Settings
Click on Payments and Purchases
Scroll down to Tax Rules – Create and Edit Booth Tax Rules and hit send
The next page you will see where to set up your state tax rate ie; I am in California so I would enter California and 7.25%

My BIG question is before I set this up. Are we suppose to check off or leave the little box unchecked for the question [URL removed]

Include shipping cost in taxable amount

Also, I do not know anything about my PayPal changing from a regular PayPal account to a business account. I do not sell enough to have a business account. Let’s ask the question of PayPal before assuming that we have to have a PayPal business account now here at Bonanza as well as other seller sites online. This is about making sure taxes are collected from our sales.

I hope I was able shed some light on the matter. If anyone can answer the question regarding the little box in the tax area I would appreciate it as a well as any news regarding PayPal changing sellers accounts to business accounts or we are to change our PayPal’s from a regular account to a business account. Thank you!

Also, if we do not follow through by June 17th, what is the fee that might be imposed upon us?

Thank you and have a wonderful day!

Hi [URL removed] Paypal kept pop-up encouraging me to upgrade from Premier to a Business acct, so I checked to see the difference. This was a yr or more ago. I think I found that I could process a higher volume/$$$ of payments with a Business acct. I wasn’t doing anywhere near that $$$ amt per year, so I opted to remain with my Premier acct. I may have also found another difference (can’t remember what it was) that I felt was not worth the effort since the Premier fulfilled my needs.

If you want to start your business so that it develops in the right direction, then you need a good management tool. I recommend you specialists on the site [URL removed] If you contact these developers, they will definitely be able to help you solve any such problem.