Page Text: Important Discogs Marketplace Update 2022
Discogs posted March 22, 2022
Discogs connects music fans around the world. However, the ongoing conflict in Ukraine has affected how the Discogs Marketplace can support individual sellers and buyers. PayPal is the platform that processes all transactions in the Discogs Marketplace. Due to current events, PayPal announced that it has “suspended PayPal services in Russia.” Payments in Russia Because […]
Quantity Field Automatically Relists Multiple Copies in Your Seller Inventory
Discogs posted March 9, 2022
The Quantity field on the listing page allows you to list multiple copies of the same release at once rather than repeating the process for each item. For sellers with several copies of a release to sell — such as new releases — this optional field has the potential to save hours of inventory management […]
Discogs Makes It Easier for Sellers to Report on Taxes With New Transaction Data
Discogs posted March 1, 2022
Discogs transitioned to the new PayPal payment platform, which eliminated the need for monthly invoices. However, many sellers previously relied on the monthly invoice to track and report quarterly taxes. Discogs is introducing an updated Marketplace Transactions export that makes it easier to track sales and tax information for accounting, bookkeeping, and tax authorities. What […]
Seller Update: Quarterly Tax Reporting and PayPal
Discogs posted February 1, 2022
As Discogs has transitioned to the new PayPal payment platform, we’ve spoken to several EU sellers about invoicing and tax reporting. Many professional sellers previously relied on the monthly invoice to track and report quarterly taxes. While Discogs does provide most of the data in the Marketplace Transactions Export that was previously available in the […]