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PayPal asking for Tax ID
 

Paypal is now requesting Tax ID info and I'm not sure what to do. I just had a sale then that email came right after it. Is this required after a certain amount of sales or something new?


The email said if I don't give the info then my account will be limited.

I'm not sure what to do now :(

I need some help please.

Re: PayPal asking for Tax ID
 

This is not new.

There are 20 million threads on this forum about this.

This is known as a tax limitation, and it's applied to your account as you approach 200 sales and/or $20,000 in a calendar year.

To avoid this limitation you give them a tax ID such as an EIN.

Or you stop selling on this account until next year.

Re: PayPal asking for Tax ID
 

Yes, I've just seen all of the inquiries regarding this issue. I just wish I knew about it before I leaped to purchase accounts.

Does the name on the EIN have to match my name on the PayPal account?

Thank you for responding.

Re: PayPal asking for Tax ID
 

No, it does not. What needs to match is the EIN + business name given to you by the IRS. Put that info in your Paypal when you grade and you'll be fine.

Re: PayPal asking for Tax ID
 

Thanks so much!

Re: PayPal asking for Tax ID
 

Ok, so I went to add the EIN and it's asking to upgrade for business account and my last 4 digits of SSN. How am I suppose to do this on a stealth account?

Re: PayPal asking for Tax ID
 

I put the EIN but, for some reason in my message center it's still asking for Tax ID. How long does it take for them to check and confirm?

This is a stealth account but I have an EIN but, the name is not the same on my stealth account as my business account. I hope I didn't muck up anything.