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I don't know if a hobbyist would be required to pay such a tax.

From the attached link -

"What Does This Change Mean For You?

If you're a contractor or an entrepreneur or a company that uses e-commerce platforms like e-Bay to sell or resell products or services, the Payment Settlement Entity (think PayPal or your Credit Card Operator) involved between you and the e-commerce company would send you a 1099-K form.

You will have to read and validate the transactions and adjust your reports accordingly. What may be treated as an income by the merchant entity may not be an income for you. So, you have to be extra conscious about your 1099-K reports and maybe even get expert tax advice from a tax professional.
"


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