If you give Paypal Ein, will they care if I make more than 20k a year?

[Voldemort]

Hi everyone:

I'm wondering with Paypal now sometimes later asking for personal Id, documents after giving EIN sometimes, can we take an EIN paypal account and run through a lot of sales over time of course, like say 200k yearly?

Or will that flag the account. The reason is I have 3 high revenue ebay accounts I want to start.

Thanks.

[yankee]

200K is really a small business. Big ebay sellers are into the millions.

Paypal can and does always look at accounts. EIN is a tax number they report the gross income to. It does not make the account stronger.

The more money you handle, the more paypal will look at you. Sell a quality item, offer outstanding service, and have minimal chargebacks and you should not have too much problems but you really never know.

[SaiJin]

It's still better to spread your sales in the long run if you are generating that much revenue honestly.

They want the Tax id to make sure that you are paying your taxes

[yankee]

Originally Posted by SaiJin

They want the Tax id to make sure that you are paying your taxes

The are REQUIRED to collect the tax id by law. They really dont want it at all. It is a pain in the ass for a third party to do this but the IRS requires it.

[Voldemort]

Originally Posted by SaiJin

It's still better to spread your sales in the long run if you are generating that much revenue honestly.

They want the Tax id to make sure that you are paying your taxes

Yes it's fine that they want it. The reason I'm asking is just to see if anyone after entering EIN has had problems with paypal banning people for doing over 20k in sales or for my case around 200k each a year. I just don't want them banning the account since I won't ever upload ID or documents other than EIN.

[Leader2dark]

I'm confused about what you are worried about....PayPal asking you for docs even though you added EIN?

They can and will ask for Docs at any time. EIN will not help or hurt that. Same with low or high value. Some people get doc requests after 1000$ or less in sales.

[yankee]

Originally Posted by Voldemort

Yes it's fine that they want it. The reason I'm asking is just to see if anyone after entering EIN has had problems with paypal banning people for doing over 20k in sales or for my case around 200k each a year. I just don't want them banning the account since I won't ever upload ID or documents other than EIN.

Paypal has never banned anyone for collecting more than 20K. I dont think you understand this very well.

The IRS requires anyone who process credit cards to report Gross Revue if they collect $20,000.00 AND 200 items. So Paypal by law has to stop someone from collecting more than that if they do not supply the Tax number.

The IRS makes this happen with all credit card processors. Adyen, Paypal, Amazon, authoriz.net, skril, stripe, etc... It is the same with ALL of them.

It realy has zero to do with paypal. It is the IRS.

[Voldemort]

Originally Posted by Leader2dark

I'm confused about what you are worried about....PayPal asking you for docs even though you added EIN?

They can and will ask for Docs at any time. EIN will not help or hurt that. Same with low or high value. Some people get doc requests after 1000$ or less in sales.

Okay will doc request though mean you are banned if you don't submit them after I have given Paypal stealth an EIN and slowly incremented the account?

[agent006140]

There is no way anyone here can guarantee you Paypal will ever ask for documents,it could be SS number,vendor invoices,driver license,utilities bill,bank statement .
as for spreading your sales among different accounts,if you have high value item,how do you spread one item between 2 accounts,say if your item is $10k,chop it into 2 parts?
In a way,it may hurt you if you spread them among different accounts instead of building credibility for just one account.
if Paypal restricts your account and withhold your fund for 180 days,would it jeopardise your business like you need the money to finance your inventory?
Does your banned Paypal account have a negative balance,if Paypal links your account with this banned account which owes money,would Paypal use your fund to cover the banned account?
there are other venues you can sell high ticket items?
Have you looked into Ayden ?

[agent006140]

Originally Posted by Voldemort

Okay will doc request though mean you are banned if you don't submit them after I have given Paypal stealth an EIN and slowly incremented the account?

from what I read on this forum,it seems that Paypal will restrict the account first and ask for documents,you are guilty until you prove innocent?

[ebaystealth1974]

Originally Posted by Voldemort

I won't ever upload ID or documents other than EIN.

You will, if they ask for it and if you want to continue selling on it lol

[Voldemort]

Originally Posted by ebaystealth1974

You will, if they ask for it and if you want to continue selling on it lol

Isn't there a huge denial rate though for creative solution? IF I enter mine they will link that I have already one personal and one business account.

[agent006140]

thats your problem,not theirs