| jackdanielsbtch | 01-19-2016 08:42 AM | why do they ask ssn and id? Is it just for security or is it when you reach certain sales numbers?
i think i can by pass ssn, but is it easy to pass ID? do they verify numbers on id or just look? |
JamesNorth101 | 01-19-2016 08:49 AM | Re: why do they ask ssn and id? You use an EIN for the SSN requirement
They can ask for it on sales and projected sales |
slokor | 01-19-2016 06:06 PM | Re: why do they ask ssn and id? If the account poses an issue to them and they limit it they can ask for the SSN to have it unlimited. In that case your chances of regaining the account are slim.
They can ask for the SSN or EIN when you reach (or they project youll reach) the annual sales limit of 200 items or $20,000 in any given year. Keep track of these number and spread your sales across multiple accounts and you wont have to worry about it. |
GreenBean | 01-19-2016 06:57 PM | Re: why do they ask ssn and id? Quote:
Originally Posted by jackdanielsbtch
(Post 739535)
Is it just for security or is it when you reach certain sales numbers?
i think i can by pass ssn, but is it easy to pass ID? do they verify numbers on id or just look? | For their security and to comply with Tax laws.
:juggle: |
cmbhuy | 01-19-2016 11:02 PM | Re: why do they ask ssn and id? Taxes pretty much |
Summy | 01-22-2016 02:05 AM | Re: why do they ask ssn and id? Hello same here. I just received Paypal email below;
To comply with the Internal Revenue Service's (IRS) rules, we ask that you
submit your Tax ID number to us as soon as possible. Your Tax ID number is
one of these:
- Your Social Security Number (SSN)
- Your Individual Tax Identification Number (ITIN)
- Your Employer Identification Number (EIN)
We are required to obtain tax ID numbers from all online sellers who
receive payments for goods or services through PayPal. If you do not
provide us with your Tax ID number, your account access will be limited,
and you will be unable to request or receive money. After you provide us
your Tax ID number, your account will be fully functional.
My SSN has been used and blocked already so I can't use it. I am about to apply for EIN as I learned from this site.
My question though...can paypal/ebay link EIN to my SSN?
I am planning to have several stealth accounts in the future, how, then, provide paypal EIN which doesn't associate with my identity?
I would greatly appreciate if someone can advise me what to do.
Thanks! |
cmbhuy | 01-22-2016 07:50 AM | Re: why do they ask ssn and id? No they cannot link your SSN to from an EIN since the EIN is its own entity. |
Summy | 01-22-2016 09:13 PM | Re: why do they ask ssn and id? Thank you!!!! |
Summy | 01-23-2016 03:43 AM | Re: why do they ask ssn and id? I Obtained EIN. I put my address, SSN, name and etc. Can paypal/ebay find out my identity after submitting EIN no. ? |
phaz0rz | 01-23-2016 10:45 AM | Re: why do they ask ssn and id? Quote:
Originally Posted by Summy
(Post 740967)
I Obtained EIN. I put my address, SSN, name and etc. Can paypal/ebay find out my identity after submitting EIN no. ? | No, they cannot. The IRS does not share info with eBay or Paypal. When it comes times for paypal to report your earnings to the IRS, they will submit your EIN + business name and your sales amount via a form 1099. The IRS knows who the EIN belongs to so they are able to tax you, but ebay/paypal do not have any way of finding out who the EIN belongs to. |
golferman | 01-23-2016 02:46 PM | Re: why do they ask ssn and id? Quote:
Originally Posted by Summy
(Post 740561)
Hello same here. I just received Paypal email below;
To comply with the Internal Revenue Service's (IRS) rules, we ask that you
submit your Tax ID number to us as soon as possible. Your Tax ID number is
one of these:
- Your Social Security Number (SSN)
- Your Individual Tax Identification Number (ITIN)
- Your Employer Identification Number (EIN)
We are required to obtain tax ID numbers from all online sellers who
receive payments for goods or services through PayPal. If you do not
provide us with your Tax ID number, your account access will be limited,
and you will be unable to request or receive money. After you provide us
your Tax ID number, your account will be fully functional.
My SSN has been used and blocked already so I can't use it. I am about to apply for EIN as I learned from this site.
My question though...can paypal/ebay link EIN to my SSN?
I am planning to have several stealth accounts in the future, how, then, provide paypal EIN which doesn't associate with my identity?
I would greatly appreciate if someone can advise me what to do.
Thanks! | I used my same SSN before and I didnt have any problem. EIN can be tricky because IRS will only issue 1 EIN to you but there are other ways to get more. |
Summy | 01-25-2016 05:15 AM | Re: why do they ask ssn and id? Thank you for both phaz0rz and golferman. |
Summy | 01-25-2016 06:06 AM | Re: why do they ask ssn and id? After giving PP my EIN, they are asking me to create a new business account where I need name, address, phone no. and etc..
Can I used my Stealth information to create a new paypal business account under my EIN? |
phaz0rz | 01-25-2016 02:50 PM | Re: why do they ask ssn and id? Quote:
Originally Posted by golferman
(Post 741127)
I used my same SSN before and I didnt have any problem. EIN can be tricky because IRS will only issue 1 EIN to you but there are other ways to get more. | The IRS will give you more than one EIN. I think you can only have one as a "sole proprietor" but you can form more than one LLC. I have more than one EIN and I've never used anything other than the IRS website to obtain them. Quote:
Originally Posted by Summy
(Post 741131)
After giving PP my EIN, they are asking me to create a new business account where I need name, address, phone no. and etc..
Can I used my Stealth information to create a new paypal business account under my EIN? | Anytime I've done this in the past, paypal gives you the option to either upgrade your existing personal account to a business account or start a new business account with your EIN attached. Do you not see the option to upgrade your personal account to business? When you upgrade a Paypal account all of the personal info remains the same. If you can't figure out how to do it, maybe provide a screenshot? It's been a few months since I've upgraded an account to business but I don't think anything has changed. |
golferman | 01-28-2016 09:26 PM | Re: why do they ask ssn and id? Quote:
Originally Posted by phaz0rz
(Post 741626)
The IRS will give you more than one EIN. I think you can only have one as a "sole proprietor" but you can form more than one LLC. I have more than one EIN and I've never used anything other than the IRS website to obtain them.
| That is what i said, And also you are somewhat right. To get a new EIN as a LLC you have to meet strict requirements. For example if you own the LLC by yourself ,no new EIN will be issued |
Sophiefk | 02-02-2016 06:12 PM | Re: why do they ask ssn and id? Hi there, could anyone please advise if there were a way to by pass the stealth PayPal account once they've asked for id and bank statements to verify account once it's hit a certain limit of £ ???? As the name address etc would be made up.. Thanks |
thebomb | 02-03-2016 03:14 PM | Re: why do they ask ssn and id? Mostly has to do with tax laws because of the potential risk involved. However, as many shared here. Control your expense in a spreadsheet and report it yourself. As soon as you approach 20k mark on a stealth, try to cease use because you will be asked for the information.
Multiple accounts is the best idea. However, I would highly advise getting a legit PayPal (That's the tough part if your SSN has already been used, but EIN is a viable method too). | All times are GMT -5. The time now is 07:48 PM. | |
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