Does SidelineSwap charge a fee?
Listing items on SidelineSwap is free. We charge Sellers a fee based on the price of item. Payment processing fees: In addition to the Seller fee outlined above, SidelineSwap collects a payment processing fee which is paid out to our payment processor. The payment processing fee is 2.9% the cost of the item + $0.30.
Subsequently, Do you pay tax on SidelineSwap?
SidelineSwap is now required to charge and collect sales tax in many states. Sales tax can vary per order due to several factors, as outlined below. Buyers will see the sales tax itemized during the checkout process, prior to submitting an offer or payment.
Who pays for shipping on SidelineSwap?
Unless the seller chooses free or discounted shipping when they list their item, the buyer pay sfor shipping during checkout. Regardless of who pays, after a sale, the Seller receives a prepaid shipping label so all the Seller needs to do is print, pack, and ship.
How do I get my money from SidelineSwap?
You can cash out to a bank account, Venmo account, or to a gift card. After your account has been approved for cashouts, you will be able to cash out from your Seller Dashboard page. If you cash out to a bank account, your first cashout will process in 1-2 business days.
How do I contact a seller on SidelineSwap?
When you’re on an item page on sidelineswap.com, you can find the option to “Message Seller” on the bottom of the item information on the right. From the app, you can find the option to “Message Seller” right under the title and photos of the listing.
How do you get paid from SidelineSwap?
You can cash out to a bank account, Venmo account, or to a gift card. After your account has been approved for cashouts, you will be able to cash out from your Seller Dashboard page. If you cash out to a bank account, your first cashout will process in 1-2 business days.
How much money can a side business make before paying taxes?
When you have a side hustle, the IRS has different rules for you. Technically, if you earn more than $600 in a calendar year, you have to report that income on your taxes. Most likely, the company you’re side hustling for will send you a taxable income form to report (usually a 1099-K or 1099-MISC).
How much can you make on a side business without paying taxes?
If any one of your gigs earns you a side hustle income above $400, then you must include that earning in your tax return. A company or individual that pays you more than $600 should provide you with a Form 1099-NEC for nonemployee compensation to file your tax return.
How long does SidelineSwap take to ship?
We expect our Sellers to ship an item within 3 days of the date of sale. The median SidelineSwap sale is shipped less than 2 days after the order has been placed. If you anticipate being late on a shipment, it’s important that you stay in communication with your buyer.
How do I send an offer on SidelineSwap?
If a buyer has reached out about one of your items, merely click “Send Offer” from your swap page view. On iOS, click the three-button dropdown from your swap page view and click “Send Offer”. Once you’ve entered the offer amount, click “Send Offer”.
Why can’t I cash out on SidelineSwap?
If your payout has not processed after 3 business days, it’s likely that you’ve entered invalid bank information. When your payout fails, it takes 3-6 days from the day that you cashed out for the funds to process back into your SidelineSwap Seller Dashboard.
How do you send a private offer on SidelineSwap?
If a buyer has reached out about one of your items, merely click “Send Offer” from your swap page view. On iOS, click the three-button dropdown from your swap page view and click “Send Offer”. Once you’ve entered the offer amount, click “Send Offer”.
What can you sell on SidelineSwap?
Any sports-related item can be sold on SidelineSwap. Brand new, used, or an item in any condition can be listed for cash.
How do I block on SidelineSwap?
It is not currently possible to block another user on SidelineSwap.
Do I have to report side income?
For example, if you earned less than $600 from a side gig in 2021, the payer doesn’t have to send you a 1099 form, but you still have to report the earnings. Therefore, if you earned money at a side job during the tax year, you should report your earnings to the IRS. Failing to do so can result in penalties and fines.
What happens if you dont report cash income?
If you fail to report all your cash income, you might be on the hook for penalties. These amount to a 50% penalty on the late FICA taxes, and up to 25% on late income taxes — plus any additional interest. Of course, these penalties are only assessed if you actually owe tax.
How much money do you have to make to not pay taxes 2021?
In 2021, for example, the minimum for single filing status if under age 65 is $12,550. If your income is below that threshold, you generally do not need to file a federal tax return.
Do I need an EIN for my side hustle?
An Employer Identification Number (EIN) is a number used by the IRS to identify a business. While it’s free to apply online, you don’t necessarily need one for your side hustle.
How do I accept an offer on SidelineSwap?
On SidelineSwap, you have the option to make an offer below (or above) a Seller’s asking price by clicking “Make Offer” on the item page. You will only be charged if the Seller accepts your offer. Once the offer is accepted, the item is yours.
How long do you have to ship on SidelineSwap?
We expect our Sellers to ship an item within 3 days of the date of sale. The median SidelineSwap sale is shipped less than 2 days after the order has been placed. If you anticipate being late on a shipment, it’s important that you stay in communication with your buyer.
How do you bundle items on SidelineSwap?
If a buyer would like to purchase multiple items from a seller’s locker, the buyer should contact the seller before making the purchases and request that they create one “bundled” listing. The seller can either edit one of the existing listings or create a new one altogether for the desired bundle.
Where is SidelineSwap located?
Company Description: Sidelineswap Headquarters is located in Franklin Square, NY, United States and is part of the Sporting Goods, Hobby, and Musical Instrument Stores Industry.
Who created SidelineSwap?
Brendan is the co-founder and CEO of SidelineSwap. He’s a former college lacrosse player and coach, mediocre golfer, and sometimes snowboarder / surfer.
Can a sideline number be blocked?
In the inbox: Swipe left over the conversation you wish to block. Tap ‘Block’ Once you tap Block, a new message will pop-up confirming that you want to block this contact. Tap Block, and you’ll have successfully blocked this number.
