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Old 07-16-2017
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Default Need help with EIN/SSN ...

I sell veto items, yes I know it's not good for long term accounts. Until I find another niche, this is what I do.

My question is, how should I go about passing the EIN/SSN requirements for PayPal. As I know eventually I'll lose that account, normally within a year.
I don't want to open an LLC/EIN for each account if I know it won't last, as that will be a lot of EIN/LLC that I have to register & close.

Again, I know vero is not the best way to go.. but it's what I have going at the moment. I'm searching for other items to sell all the time, some are not vero and some are.

Any advice on how I should tackle the PayPal SSN/EIN problem, would be really appreciated!
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Old 07-16-2017
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Default Re: Need help with EIN/SSN ...

you dont have any option but to create more accounts, wait until next year or add an EIN once paypal limits the account for tax reasons.
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Old 07-16-2017
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Default Re: Need help with EIN/SSN ...

Do you mean make more accounts and spread out the sales so PP doesn't ask for the EIN?
Lets say PP asks for an EIN and I do not provide it, can I still withdrawal the funds?

Thanks for your help!
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Old 07-16-2017
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Default Re: Need help with EIN/SSN ...

Quote:
Originally Posted by Mac9 View Post
Do you mean make more accounts and spread out the sales so PP doesn't ask for the EIN?
Lets say PP asks for an EIN and I do not provide it, can I still withdrawal the funds?

Thanks for your help!
Yes, that's exactly what he means, and yes you can withdraw funds when you attach bank accounts to each one.
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Old 07-18-2017
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Default Re: Need help with EIN/SSN ...

You can withdraw funds if it's attached to a bank account and unless you've been limited...
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Old 07-18-2017
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Default Re: Need help with EIN/SSN ...

Quote:
Originally Posted by Mac9 View Post
Do you mean make more accounts and spread out the sales so PP doesn't ask for the EIN?
Lets say PP asks for an EIN and I do not provide it, can I still withdrawal the funds?

Thanks for your help!
Yes. You can withdraw funds from a tax limitation. You simple can not receive more funds until next January.
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Old 07-18-2017
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Default Re: Need help with EIN/SSN ...

Tax ID request limitations have two phases, you can withdraw funds during the first phase, but I know you can't receive funds in the second phase, you might not be able to withdraw either, though, I can't recall.

Better to get it done early and not risk the problem.
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Old 08-30-2017
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Default Re: Need help with EIN/SSN ...

My PayPal is not limited but they asked for the EIN for tax purposes and I gave it. Now, it's asking for SSN. Why? What do I do?
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Old 08-31-2017
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Default Re: Need help with EIN/SSN ...

Quote:
Originally Posted by DejaVoo View Post
My PayPal is not limited but they asked for the EIN for tax purposes and I gave it. Now, it's asking for SSN. Why? What do I do?
Use the last four of your EIN number in place.
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