Can I use the same EIN for multiple PayPal accounts? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 03-29-2019
Junior Member
 
Join Date: May 2018
Posts: 21
Thanks: 4
Thanked 0 Times in 0 Posts
Activity: 4%
Longevity: 14%
iTrader: (0)
Default Can I use the same EIN for multiple PayPal accounts?

Hello everyone,

I used my sole prop EIN to verify my first PP account as it neared the 200/20k limit. That account was stable but went down a while ago due to user error. Now, I have a new (strong) account and it needs EIN verification again. Can I use my same EIN again, or do I need to create a new LLC and use that EIN? Or do I have any other options for obtaining a new EIN?

Thank you all!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 03-29-2019
Fuhrer84's Avatar
Junior Member
 
Join Date: Nov 2016
Posts: 160
Thanks: 31
Thanked 28 Times in 22 Posts
Activity: 14%
Longevity: 25%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

You have to obtian a new EIN for new business name
Reply With Quote
  #3  
Old 03-31-2019
Junior Member
Threadstarter  
 
Join Date: May 2018
Posts: 21
Thanks: 4
Thanked 0 Times in 0 Posts
Activity: 4%
Longevity: 14%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by Fuhrer84 View Post
You have to obtian a new EIN for new business name
okay thanks
Reply With Quote
  #4  
Old 03-31-2019
SaiJin's Avatar
Super Moderator
 
Join Date: Jul 2008
Posts: 8,620
Thanks: 242
Thanked 1,352 Times in 1,148 Posts
Activity: 79%
Longevity: 88%
iTrader: (2)
Default Re: Can I use the same EIN for multiple PayPal accounts?

You have the stealth guide, good!

Now all you need to do is follow it to the T . Completely. No short cuts. No ifs.
Reply With Quote
  #5  
Old 03-31-2019
Junior Member
Threadstarter  
 
Join Date: May 2018
Posts: 21
Thanks: 4
Thanked 0 Times in 0 Posts
Activity: 4%
Longevity: 14%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by SaiJin View Post
You have the stealth guide, good!

Now all you need to do is follow it to the T . Completely. No short cuts. No ifs.
Yep which is what I have done multiple times. Do you have any advice on my question? Since it is not covered in the guide.
Reply With Quote
  #6  
Old 03-31-2019
SaiJin's Avatar
Super Moderator
 
Join Date: Jul 2008
Posts: 8,620
Thanks: 242
Thanked 1,352 Times in 1,148 Posts
Activity: 79%
Longevity: 88%
iTrader: (2)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Really? It's not?
I'm looking at my 10 year old guide and the teachings is :

1 info 1 account.

No repeat use. So you'll have to make a new EIN.

It doesn't make sense if Nordstroms tax info is being used at Bagel Joe's , right? =P
Reply With Quote
  #7  
Old 03-31-2019
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,025
Thanks: 2,374
Thanked 2,701 Times in 1,981 Posts
Activity: 37%
Longevity: 48%
iTrader: (2)
Default Re: Can I use the same EIN for multiple PayPal accounts?

LLC, LLP, S-corp, c-corp, Trust, etc.... Those are some of your other options for obtaining an EIN.

The EIN is free from the IRS website. You can file a company later with a state.
Reply With Quote
The Following User Says Thank You to yankee For This Useful Post:
Leader2dark (03-31-2019)
  #8  
Old 03-31-2019
Senior Member
 
Join Date: Apr 2018
Posts: 537
Thanks: 1
Thanked 117 Times in 91 Posts
Activity: 3%
Longevity: 15%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by yankee View Post
LLC, LLP, S-corp, c-corp, Trust, etc.... Those are some of your other options for obtaining an EIN.

The EIN is free from the IRS website. You can file a company later with a state.
What if you never hit limits with your EIN. Does anyone look into it? Can you use multiple EIN and never hit limits and never have filed LLCs?
Reply With Quote
  #9  
Old 03-31-2019
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,025
Thanks: 2,374
Thanked 2,701 Times in 1,981 Posts
Activity: 37%
Longevity: 48%
iTrader: (2)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by Leader2dark View Post
What if you never hit limits with your EIN. Does anyone look into it? Can you use multiple EIN and never hit limits and never have filed LLCs?
What?

I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
Reply With Quote
  #10  
Old 04-01-2019
Senior Member
 
Join Date: Apr 2018
Posts: 537
Thanks: 1
Thanked 117 Times in 91 Posts
Activity: 3%
Longevity: 15%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by yankee View Post
What?

I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
I don't currently use any EIN, I'm just worried in the future tax info will be required. To sell anything.
Reply With Quote
  #11  
Old 04-01-2019
bman707's Avatar
Senior Member
 
Join Date: Mar 2019
Posts: 767
Thanks: 45
Thanked 109 Times in 98 Posts
Activity: 7%
Longevity: 8%
iTrader: (0)
Send a message via Skype™ to bman707
Default Re: Can I use the same EIN for multiple PayPal accounts?

Well when they do ask then add it but don’t add in until you have to why add it before the account may get burned before.
Reply With Quote
  #12  
Old 04-01-2019
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 7,125
Thanks: 858
Thanked 546 Times in 507 Posts
Activity: 98%
Longevity: 12%
iTrader: (0)
Default Re: Can I use the same EIN for multiple PayPal accounts?

Quote:
Originally Posted by yankee View Post
What?

I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
The reasons why they use EIN is because they cant use their SSN,so what do you suggest they use ?
they dont have much of a choice ?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Multiple Checking Accounts at Same Bank for Multiple PayPal Accts BandCampCounselor Bank Accounts 7 03-08-2019 08:42 AM
Multiple accounts: VMWare vs. multiple user accounts sabbiman Amazon 29 07-07-2015 02:51 AM
Can I use Entropay to verify multiple paypal accounts (with multiple VCCs) tvr321 UK eBay & Paypal 10 03-16-2013 07:26 PM
Multiple Bank Accounts????? How to deposit on multiple steath accounts???? looloo3383 Multiple eBay & PayPal Accounts 6 10-07-2011 09:59 PM
Multiple accounts, Need to pay multiple ringcentral number every month? userstealth Phone Number Verification 2 11-11-2009 04:58 AM


Aspkin Group

All times are GMT -5. The time now is 07:54 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts