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Ebay and Paypal SSN Restriction
 

I have a stealth account for both paypal and ebay. i am coming in on 200 transactions. when will they ask me to add a SSN? what should i do once they ask? also if they ask can i just get a new paypal and keep the ebay account. let me know if you have any suggestions?

Re: Ebay and Paypal SSN Restriction
 

Slow down on that acct so they dont ask for it. Get a few more stealths and spead out your sales, stay under the radar.

If they do ask for ssn, dont give it to them or your fcked.

And no dont mix and match with ebay and paypal.. one paypal for one ebay

Re: Ebay and Paypal SSN Restriction
 

Pretty much spot on with the above answer.

Don't cross the line.

Total has to be BOTH 200+ Transactions AND 20K, but they'll start to ask when they're projection shows you're going to cross the line before year end.

Can't add another PP, the totals are cumulative across any accounts with the same info, and if you use different info, you'll get shut down because they don't match.

PP let's it go about a week after asking for SSN or EIN, then they shut down your ability to send or receive money. Sometimes they reset up after Dec 31st if you didn't actually, cross the line, sometimes the account stays restricted.

Also, they'll try to report this income to the IRS and find your name and info don't exist. Bad, bad, bad stuff.

The transactions/money total runs Jan 1 - Dec 31st.

Best advice: don't come close to the line.

Re: Ebay and Paypal SSN Restriction
 

how do i make sure i don't come close to the line? is there any way to check? and when i do come close to the line what should i do? Also if they do send it to the IRS and find out its ⊗⊗⊗⊗ what will happen?

thanks

Re: Ebay and Paypal SSN Restriction
 

Go to PP and download all your transactions as an excel spreadsheet from 1.1.2015 to present and add them up.

No telling what the IRS will do, but at the minimum there will be a flagged computer file somewhere that will never, ever go away, just waiting to somehow be attached to you in some collective database somewhere, and once they attach it to you they'll be wanting some answers.

When you get close to the line, stop selling on this account.

Re: Ebay and Paypal SSN Restriction
 

There is no set "when" - best recommendation? slow down and spread sales to OTHER stealth accounts

Re: Ebay and Paypal SSN Restriction
 

Heres what Ive Recently Learned about Using Stealth paypal accounts... Never Let them go Over $1k once they reach about 8-900$ stop!!!! you can make another one... your limitations will be less !!!

Re: Ebay and Paypal SSN Restriction
 

Please confirm if you are using paypal USA


Your flag says CANADA :canada:

That country has different requirements.

:typing:

Re: Ebay and Paypal SSN Restriction
 

i am using a USA paypal account. is it 200 transactions and 20k in sales or either? also do any of you know how to get a stealth canada ebay plus paypal?

Re: Ebay and Paypal SSN Restriction
 

Good point, it might not have been a US account.

BOTH 200 transactions AND 20K.

Re: Ebay and Paypal SSN Restriction
 

For US PAyPal stealth acount, we can simply add EIN, right guys ? Not sure about Canadian PayPal. As other have advised, go not go over 200/2000k limit.

Re: Ebay and Paypal SSN Restriction
 

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

Re: Ebay and Paypal SSN Restriction
 

The above is not correct. URL below is directly to the PP page about this:

https://www.paypal.com/webapps/mpp/irs6050w

Copied from the attached URL: PayPal is required to report gross payments received for sellers who receive over $20,000 in gross payment volume AND over 200 separate payments in a calendar year.

I wouldn't photo-shop an identity document of any kind.

It's one thing to give made-up information to EB or PP, but altering an existing government issued ID ( even on a digital file ) or creating a false government ID is certainly going to be against the law, regardless of who you give it to.

In our digital online world, nothing EVER goes away. If you do that, it will NEVER be forgotten, it will ALWAYS be out there, somewhere, waiting to be found.

Re: Ebay and Paypal SSN Restriction
 

And.........................paypal might ask for tax info on projected sales as well.


A few users have been caught early.

:pout:

It would be better to wait ti make sure the paypal account is up and working well before wasting an EIN. Try to make sure you read the forum in depth.
Absolutely make a thread as well before attaching an EIN to an account. Might save troubles.
:typing:

Re: Ebay and Paypal SSN Restriction
 

ok so basically if i reach lets say 200 transactions and 5000 will i get hit by ssn

also should i just abandon my stealth account forever and get a new one what should i do with it. right now I'm at 100 transactions and about 2200 in sales

any suggestions?
thanks

Re: Ebay and Paypal SSN Restriction
 

You sir have 0 knowledge on this, so please stop spreading false information. Paypal is going to report to IRS only when you hit 200 transactions AND 20k but they WILL collect your TAX information at EITHER 200 OR 20k.

I have had maybe 20-30 accounts get hit with this, all at 200 tranasctions or less. Also 1 thing I tried was while I was waiting for my EIN is I used false EIN (non-existent) and it WORKED but I replaced it in about a week or so with the one I received, so if you are hit with Paypal Tax form you can get rid of it for some time.

Re: Ebay and Paypal SSN Restriction
 

People here will suggest you to spread the sales, so count your transactions and once an year they get reset (sometime in winter) UNLESS you were already hit with TAX Requirement by Paypal then the account's only option is to provide EIN or SSN.

Re: Ebay and Paypal SSN Restriction
 

VERY important to note - it's not ALWAYS 200 or 20k...it can be rate of money coming in

Re: Ebay and Paypal SSN Restriction
 

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.

Re: Ebay and Paypal SSN Restriction
 

stop and spread sales.

Re: Ebay and Paypal SSN Restriction
 

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.

Re: Ebay and Paypal SSN Restriction
 

If Paypal project you will cross the line, for example you sell $5,000/month and they send request after 2 month when you reach $10,000, can you just ignore them or they will shut down paypal account if you don't provide SSN or EIN?

Is there anyway we can keep selling up to $19,000 (for example) no matter how soon and ignore their request without being shut down?

Thank you.

[QUOTE=dallis;656455]Pretty much spot on with the above answer.

Don't cross the line.

Total has to be BOTH 200+ Transactions AND 20K, but they'll start to ask when they're projection shows you're going to cross the line before year end.

Re: Ebay and Paypal SSN Restriction
 

Is there any consequence (limit account) if we ignore them when they ask for SSN or EIN when the sales is like what you wrote 100/$7,000?

If people sell expensive items, say $1,000 each and about 10 per month. So you will only have 120 (per year) while it could be $120,000 as dollar amount. I just used an extreme sample. Will Paypal ask for SSN at some point or since you won't reach 200 transaction based on projection, Paypal will neither ask for SSN/EIN nor report you to IRS?

Thank you.

Re: Ebay and Paypal SSN Restriction
 

if i get the request to give them my SSN on a stealth account what should i do? should i just leave the account and never go back on? because i have nothing to provide to them

Re: Ebay and Paypal SSN Restriction
 

I've was asked 3 times last year on three different accounts, each time the length of time between the request and PP limit was 7-10 days; if I did not respond in another week they froze PP until the info was provided..

You can file for an EIN number, and provide it to PP, even after your PP is limited/frozen and they will release the limitation; you can get an EIN online at the IRS, somewhere in the forums you can find a link or look it up online.

To use an EIN you will have to upgrade your PP to a business account, which means to start over and verify bank, credit card on file, email, etc.

PP doesn't check the name on the EIN, only checks to see if it is active, so it's perfectly safe.

If you go over the 200 AND 20K limit, they will send a 1099 to the IRS and the name on your account and the EIN won't match, and that's trouble, so don't go over the 20K.

Overall it's best to never come close to being asked, you can run a projection yourself and spread things out across multiple accounts.

Re: Ebay and Paypal SSN Restriction
 

If you stop and spread sales? do you mean inactivate the listings, will this affect the limits?

Re: Ebay and Paypal SSN Restriction
 

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.

Re: Ebay and Paypal SSN Restriction
 

You can be limited and that is why you follow advice given about EIN, etc.

I also prefer using several accounts to keep amounts/sales low - rotating between all

Re: Ebay and Paypal SSN Restriction
 

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)

Re: Ebay and Paypal SSN Restriction
 

And in 1.5 years I have absolutely different experience with about 30 accounts, 2-20$ range items and as soon as they hit close to 200 transactions, SSN request is issued; $ amount never gone over $4,000.

Re: Ebay and Paypal SSN Restriction
 

Thank you so much for your reply. So I guess in this kind of situation they will still request SSN or EIN even if they don't report to IRS.

Re: Ebay and Paypal SSN Restriction
 

Do you reach 200 items/year?

Re: Ebay and Paypal SSN Restriction
 

I have an LLC with an EIN and if I recall you can buy whats called a registered agent and address with the business so nothing is linked to your personal name/address.

Wouldn't this satisfy the EIN/address/name etc so you can continue selling past the tax reporting issue?

Re: Ebay and Paypal SSN Restriction
 

Registered Agent is just that - a designated agent/contact.

Somewhere, somehow, your name and address are still attached to the LLC somewhere, as the owner of the corporation.

I've dug through 2 and three layers of this stuff to come up with the real owner of a business so that I can litigate against them. You can't hide who you are that way.

Re: Ebay and Paypal SSN Restriction
 

Not trying to hide just saying for ebay purposes.

Re: Ebay and Paypal SSN Restriction
 

You can use the EIN to sell beyond the limit, BUT when they issue the EIN the EB account name has to match the name attached to the EIN at the IRS.

Meaning if the EB name is 'jumpin' jack flash' and the IRS EIN name is 'x-corp' PP will shut you down.

Re: Ebay and Paypal SSN Restriction
 

Hi,

Your Post really helped me buddy.

I have a USA payPal , recently they asked me my EIN , surprisingly after a month ( i had stopped sending funds in this a/c ) they stopped asking me the EIN/SSN.

Can members pz advise me on this :

I am planning to get a Stealth a/c in Canada / Hongkong or some place where the a/c can be

1. Activated by the help of a VCC / CreditCard ONLY ( No Bank Info needed )
2. There are no 200/2000K Restrictions.

Thank You.

Re: Ebay and Paypal SSN Restriction
 

can somebody here answer if amaz0 n demands the EIN + SSN of owner of EIN? Or, this is only an issue pertaining to paypaI?

Re: Ebay and Paypal SSN Restriction
 

if you upgrade to a bus acct early and get LLc and ein ready and just use your pp/acct as the bus should this not be enough? would the origional name on the stealth acct really have to match as long as the pp acct business name/ ein , and EB acct upgraded to bus acct with ein matchs ?