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Originally Posted by dallis (Post 658037)

My statements are 100% correct, you can follow the URL and read it yourself and decide on your own.

Doesn't say OR. Says AND.

Greenbean point is as usual correct, if they PROJECT your totals will exceed that amount in a year, they usually ask well before you reach that total. I've had them ask at $7000.00 and 100 transactions.

They do that to protect themselves from your total going over the limit by year end and them not being able to get the appropriate documents.

And there are NO 'non-existent' EIN's; if the EIN is ACTIVE ( and it has to be to pass the automatic check PP runs ) that EIN belongs to somebody, somewhere.

Using somebody's EIN or SSN even for a week is identity theft.

Finally, PP and EB NEVER erase anything. That wrong EIN will be in their files until the end of time. Will anything happen? Probably not. But why take the risk?

There's two good reasons not to do things that are wrong:
1. They're wrong.
2. One day they may come back to hurt you.
Choose whichever reason makes more sense to you, the answer is still the same.

Originally Posted by wendychen2000us (Post 658062)

When they ask for SSN while you are only at 100/7000, did you provide to them? If you don't, will they shut down the paypal or since you have not reached 200/$20,000, Paypal will still allow you to sell?

Thank you.

Originally Posted by martyjump (Post 659402)

Seems to me like the issue with pp accounts getting tax info requests is probably more connected to the dollar amount than the # of transactions. For example, I have operated 30 stealth accounts for 2 years now and the products I sell are in the $15-$25 range. I have had no problems as I haven't had enough sales to hit the 20k limit per pp account (or even come close on most accounts)

Originally Posted by Salvo (Post 659288)

wendychen, in response to your question about $1000 items but only 10 a month... My main account sells ~$500-$1000 items, but doesn't break 200 items a year.
They have my SSN already (personal account) but I didn't receive a 1099k this year. ~130 items/$87000 were last years totals with no form/report.

I feel the 'projected sales' requests are when people will absolutely sell more than 200 items, but MAYBE will break $20,000. The item amount is more important than dollar amount IMO. My stealths have never received this request, but they stay under both limits.

Originally Posted by martyjump (Post 659402)

Seems to me like the issue with pp accounts getting tax info requests is probably more connected to the dollar amount than the # of transactions. For example, I have operated 30 stealth accounts for 2 years now and the products I sell are in the $15-$25 range. I have had no problems as I haven't had enough sales to hit the 20k limit per pp account (or even come close on most accounts)

Originally Posted by epimetheus039 (Post 656988)

If you hit 200 transactions OR 20k then you get hit with SSN requirement, which can be replaced with EIN, that can be purchased by Canadians as well - you need EIN LLC that costs 175$ to process and it takes up to a week to get. When you reach 200/20k in Canada you are only required to provide your address which is just filled into a form. You may later on be asked for additional proof of your identity by being asked for your Driver's License/Passport etc that can be photoshopped if needed