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  #1  
Old 06-19-2018
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Default Paypal asking me to verify my EIN again?

It's a year old account with no problems and there asking me to verify my EIN again? Is that unusual?
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Old 06-19-2018
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Default Re: Paypal asking me to verify my EIN again?

Yes it is. Did you make a mistake the first time?
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Default Re: Paypal asking me to verify my EIN again?

I dont think so. They accepted it.
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Default Re: Paypal asking me to verify my EIN again?

They usually will take it, and you won't find out if you made a mistake until months later when the IRS rejects the 1099k Paypal sent them.

Are you being asked to fill out a form W9?
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Default Re: Paypal asking me to verify my EIN again?

No. There just asking for the EIN. I haven't done the LLC yet but I didnt think they would file anything until the end of the year, could that be the problem?
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Default Re: Paypal asking me to verify my EIN again?

The paypal was a bought one and registered under a name. I registered the EIN under the business name I was using on eBay. Could that be the problem? Do I need an EIN under the non existant person the account was registered under?.
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Default Re: Paypal asking me to verify my EIN again?

No. That would probably count as fraud if you used the stealth name. Using a valid LLC name (registered with IRS) + EIN has worked on all of my business accounts.

Not being registered with a state yet also shouldn't cause any problems since they're going by IRS records and not state records. I always wait until the last minute to legally form the LLC, just like what you're describing, and it's never been an issue for me.

Can you just put in the EIN + business name again?
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Default Re: Paypal asking me to verify my EIN again?

I haven't tried it yet. I'm going to call the IRS and check the information on the EIN. Are they able to see the address on the EIN?
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Default Re: Paypal asking me to verify my EIN again?

The IRS has all the info you used, but they will probably tell you they can't give that info out over the phone. That's my experience. I had to request another paper copy of my EIN paperwork a few years ago when I was in a similar situation. It's free but it will take you 2 weeks or so to get the paperwork in the mail.



Quote:
Are they able to see the address on the EIN?
Paypal? No. The IRS? Yes.
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Default Re: Paypal asking me to verify my EIN again?

I lost the EIN when my laptop crashed earlier in the year and was able to get the information over the phone so I will call and double check it before I resubmit it. I transferred all the money out of it just in case. it's really going to be a pain in the ass if I have to get a new Paypal account for a perfectly good eBay account.
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Default Re: Paypal asking me to verify my EIN again?

No doubt. Plus it would probably end up linked/limited.

Good luck!
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Default Re: Paypal asking me to verify my EIN again?

Well, I verified it with the IRS, it's correct. I resubmitted it, they accepted it. I did remember that I had a few cases for larger than usual figures opened this month. I ordered some daylilies which I resold and they turned out to be a different type than what I ordered but I refunded them when the complaints came through. I guess maybe it had something to do with that.
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Old 06-20-2018
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Default Re: Paypal asking me to verify my EIN again?

It is a glitch. It has happened to use twice recently. You call into paypal, they ask your name and then tell you they reset your account. You get off the phone and everything seems fine but the red explanation point remains. Then within one day, you get the request again, reenter and you get the normal response from paypal that they you updated etc...
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