Paypal Limited Question

[masimo]

My paypal cannot accept any payment unless I provide SSN. Since I have Stealth, I cannot provide SSN. Does this Limit have an expiration date like days or months? Or is it Limited Forever unless I provide SSN???

[SaiJin]

It's limited for good.

And sounds like even if you were to give them the SSN, they won't unlimit it.

What's the limitation email that you got from them?

[masimo]

It just says to privide SSN for tax purposes and to remove limitations

[SaiJin]

Does it have an EIN option?

And have you gotten the stealth guide yet? These things are covered in the book.

*points to the link in signature*

[masimo]

Can I use my own IEN for this stealth account?

[SaiJin]

I suggest you apply for the EIN based on the info of your stealth account.
So everything matches.

Again, I really think you should get the stealth guide or you'll just be all over the place.

[masimo]

there's the problem, I don't know the SSN of that stealth account... Is there other way to make this work?

Don't I need the SSN to apply for IEN???

Does IEN reveal the identity of the person?

Will IEN link me to anything?

[yaar_dost02]

it's EIN and not IEN. Yes you will need SSN to apply for the EIN for your LLC. So the identity of the person is revealed to IRS and not Paypal. Paypal is not going to check whose SSN was used to genarate the EIN. And Upgrade your Paypal to business Paypal with the same name as your LLC and add EIN and it should be good to go.

[rsot]

If you are unable to lift it OP (whichever method you choose / advice to follow), in general...the money is held for 180 days

[Tag123]

Originally Posted by yaar_dost02

it's EIN and not IEN. Yes you will need SSN to apply for the EIN for your LLC. So the identity of the person is revealed to IRS and not Paypal. Paypal is not going to check whose SSN was used to genarate the EIN. And Upgrade your Paypal to business Paypal with the same name as your LLC and add EIN and it should be good to go.

Exactly what my set up is. Works great!!!