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Old 03-06-2020
pea pea is offline
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Default how to avoid ssn request

the only thing i fear is if they request SSN. how to avoid it? please let me know if there are certain selling thresholds, etc. Please don't say take it east first 30-90 days, I do know that, but just wondering if there are certain thresholds. For example for ebay/paypal, you must not outpace 200 / $20,000 in a year.

here's what i heard thus far:

1. Sell less than $750 for first 28 days. Then for month 2 and month 3, how much can i increase my selling by?

2. dont ever switch OR start off as a professional plan, always use only individual. is this true?

anything else i am missing, such as a yearly cap?
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Old 03-06-2020
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Default Re: how to avoid ssn request

They'll ask at 150 transactions or if your sales projection shows you will surpass $20,000 in annual sales (which could happen at any time in the year, early or late as it's a projection)
Of course you have to hit BOTH 200 transactions and $20,000 in sales to get a 1099k, but PayPal won't allow you to get close to or surpass either one without asking for your SSN.
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Old 03-06-2020
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Default Re: how to avoid ssn request

Quote:
Originally Posted by Steveo036940 View Post
They'll ask at 150 transactions or if your sales projection shows you will surpass $20,000 in annual sales (which could happen at any time in the year, early or late as it's a projection)
Of course you have to hit BOTH 200 transactions and $20,000 in sales to get a 1099k, but PayPal won't allow you to get close to or surpass either one without asking for your SSN.

This (points up) . Follow this simple basic rule.

He's basically telling you to not put all your eggs in one amazon account
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Old 03-06-2020
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Default Re: how to avoid ssn request

Give them EIN. SSN not required.
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