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10-22-2019
| | Junior Member | | Join Date: May 2017
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Activity: 0% Longevity: 40% | | PayPal wants beneficiary owners - Stealth Info?
PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that?
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10-22-2019
| | Super Moderator | | Join Date: Jul 2008
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Activity: 53% Longevity: 91% | | Re: PayPal wants beneficiary owners - Stealth Info?
how much money went through the account this year?
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10-22-2019
| | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 83% | | Re: PayPal wants beneficiary owners - Stealth Info?
OP, what was the huge spike amount? Projected RATE can play into PP's calculation...
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10-23-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by rsot OP, what was the huge spike amount? Projected RATE can play into PP's calculation... |
About $10,000. I did a little research, and apparently as of 2018 there's a new requirement for financial institutions to get beneficiary owner information from businesses.
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10-23-2019
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they want your SSN
ebay does not check .
Ebay does not care what your real name is,it just care that you have not been suspended by Ebay,as long as you ship the goods,and pay your bills,thats good enough for ebay.
Most sellers have multiple Ebay IDs,some they just make it up,some could be relatives,Ebay allows that,but if one account is suspended,it could bring down the others. Quote:
Originally Posted by Fishermanzz2 PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that? | since you dont have SSN,you may as well try using EIN,
but what to do with name,DOB etc? Quote:
Originally Posted by Fishermanzz2 PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that? | are you in USA,your flag said so
I would think by beneficiary owner,it means a human being,and one with DOB,SSN,ADDR etc
Paypal can be very persistent,with ever organisation,there must be at least one human being,so who is this person,or persons? Quote:
Originally Posted by Fishermanzz2 What's managed payments? | ebay/ayden
Last edited by TGMT²; 06-22-2020 at 04:18 PM.
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10-24-2019
| | Junior Member
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by agent006140 they want your SSN |
Well, that's not going to work. I can't use that.
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10-24-2019
| Senior Member | | Join Date: Apr 2014
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Activity: 29% Longevity: 58% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by Fishermanzz2 About $10,000. I did a little research, and apparently as of 2018 there's a new requirement for financial institutions to get beneficiary owner information from businesses. | Not true on my account. I was getting double that much per month on my main business account
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10-24-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by solefoodbk Not true on my account. I was getting double that much per month on my main business account | On a stealth?
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10-24-2019
| Junior Member | | Join Date: Jan 2014
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Activity: 0% Longevity: 59% | | Re: PayPal wants beneficiary owners - Stealth Info?
Not to hijack thread but I'm in a similar situation so would love to hear answers.
I have an llc. Signing up for new PayPal now. I already input tax ID but now they want a ssn Dob etc to verify account.
If i add my real info to verify can eBay get this Info from PayPal and link me to a old ban account or can they only get the llc/ein info I input?
**iv never been ban from PayPal and have another account in good standing
Last edited by midwestman; 10-24-2019 at 03:30 PM.
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10-25-2019
| Senior Member | | Join Date: Apr 2014
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Activity: 29% Longevity: 58% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by Fishermanzz2 On a stealth? | 2018 on my business account which technically is and isn’t stealth. Yes, during this time last year I actually moved I believe 45k within 30 days. I averaged 20k per month, more in gross (including refunded orders). I have to honestly say now though things are changing so I don’t know moving forward as of yet
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10-25-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by solefoodbk 2018 on my business account which technically is and isn’t stealth. Yes, during this time last year I actually moved I believe 45k within 30 days. I averaged 20k per month, more in gross (including refunded orders). I have to honestly say now though things are changing so I don’t know moving forward as of yet | Oh, okay. Yeah, mine is full stealth. This is what I found on the PayPal website: https://www.paypal.com/us/smarthelp/...mation-faq3885 |
10-25-2019
| | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 83% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by Fishermanzz2 | Please post a message like "Warning PAYPAL link" before inserting pp or eb links on this forum
| The Following User Says Thank You to rsot For This Useful Post: | |
10-25-2019
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Activity: 0% Longevity: 59% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by agent006140 ebay does not check . |
so if i enter my personal info into paypal to verify the account ebay will not be able to see that?
its setup with my LLC name and FEIN, paypal is saying they need someones personal info just to verify a real person is starting the account so they know its not fraud.
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10-27-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info?
So does anyone know anything about the beneficiary questions?
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11-05-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by agent006140 are you in USA,your flag said so | Yes I am. Any suggestions?
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11-19-2019
| | Executive [VIP] | | Join Date: Feb 2013
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Activity: 0% Longevity: 64% | | Re: PayPal wants beneficiary owners - Stealth Info?
Any updates on this?
__________________
I'm a hustler's hope, I'm not his pipe dreams.
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11-22-2019
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Activity: 0% Longevity: 40% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by agent006140 Paypal can be very persistent,with ever organisation,there must be at least one human being,so who is this person,or persons? | The problem is that it's a stealth PayPal account, and I can't use my info.
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11-22-2019
| Senior Member | | Join Date: Mar 2010
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Activity: 0% Longevity: 81% | | Re: PayPal wants beneficiary owners - Stealth Info?
so there is no known way around this? i have this same issue right now. not sure what to do from here with those accounts...
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11-22-2019
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Activity: 0% Longevity: 60% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by stevesokol21 so there is no known way around this? i have this same issue right now. not sure what to do from here with those accounts... | Are you still collecting money? If so, can you still withdraw funds? If that is also a Yes, I would do nothing yet.
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11-22-2019
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Activity: 0% Longevity: 60% | | Re: PayPal wants beneficiary owners - Stealth Info?
Yall can just move to managed payments and ditch the Paypal BS.
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11-23-2019
| Senior Member | | Join Date: Mar 2010
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Activity: 0% Longevity: 81% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by yankee Yall can just move to managed payments and ditch the Paypal BS. | would it be alright to contact you thru PM? i have a few questions to ask about the managed payments. i have been invited on both of my accounts but would like to ask a seasoned vet as yourself a few questions. thanks for posting back. its really appreciated.
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11-23-2019
| | Executive [VIP] | | Join Date: Nov 2013
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Activity: 0% Longevity: 60% | | Re: PayPal wants beneficiary owners - Stealth Info? Quote:
Originally Posted by stevesokol21 would it be alright to contact you thru PM? i have a few questions to ask about the managed payments. i have been invited on both of my accounts but would like to ask a seasoned vet as yourself a few questions. thanks for posting back. its really appreciated. | Go ahead and send a PM. Im not on here much lately but do check my messages daily.
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