are you saying! with a paypal business, you're only allowed 200 transactions per month?
no, he is saying that without a SSN on file with PayPal the entire account will be limited to 200 transactions or $20,000 per year, otherwise the account may be flagged and SSN be required, by law.
I would be curious to know how this worked out for you. I am new here and am wanting to do the same thing. I have been selling for someone else averaging 15,000 a month, and want to do it for myself again. Suspended back in 2005.
I would be curious to know how this worked out for you. I am new here and am wanting to do the same thing. I have been selling for someone else averaging 15,000 a month, and want to do it for myself again. Suspended back in 2005.
Also was wondering the same thing. It seems most people's advice is to just say open multiple accounts. I am looking for my stealth account to be my main and only one.
So would opening up a paypal via a business account first be the right answer to bypass the SSN requirement. The guide is vague on this but hints at way that depends on how the paypal account is opened.
I usually open a personal then upgrade to a business, however, lately if I make a business account straight out of the gate, I get the weird soft limitation. I am allowed to only withdraw the first $100 a receive until my account information is verified.
I usually open a personal then upgrade to a business, however, lately if I make a business account straight out of the gate, I get the weird soft limitation. I am allowed to only withdraw the first $100 a receive until my account information is verified.
Are they still asking for the 'users' SS and details?
I dump the accounts. If you do a personal a first, then upgrade to a business, they don't seem to be asking for this yet.
Thanks but the guide implies that you should open the account with your new LLC that sounds like a persons name hence the only to do that would be to open a business account unless I am misunderstanding. Since a personal account would require a ⊗⊗⊗⊗ name.