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Is there really no way to get around paypals request for SS?
 

I'm no where near the $20,000 limit. This is some bull****. I'm not risking an EIN until I know I'm capable of the $20k. but paypal keeps claiming IRS is forcing them. Which is bull****, as nothing on the IRS policy requires paypal to ask for it, UNTIL the limits are actually reached. This is just paypal making **** up.

Re: Is there really no way to get around paypals request for SS?
 

You can sell all the way up to 20k or 120 items and often time both before HAVING to add tax number.

No way around it. If the math projects you will hit one or the other, they ask.

Re: Is there really no way to get around paypals request for SS?
 

I'm limited now. I'm at $11k and 175 items. At first they asked. Now, they demand.
Also, it's 200 items not 120.

I mean, the whole point of IRS requiring BOTH figures, is obviously if someone sells 200 $1 auctions, they wouldn't require a 1099K or if they sold their $20k car.

Re: Is there really no way to get around paypals request for SS?
 

On mine it was requested when my sale number was high but dollar amount low. Provided ein as I was going to be limited. I have managed payments now and use my social security number. Couldn't provide my social to PayPal. They were also doing security reviews when withdrawing and holds till delivery and have had no issues for 14 months .
The holds were becoming frequent.

Re: Is there really no way to get around paypals request for SS?
 

YUP, never exceed $1000 in a single month per account.

OR: Add a EIN to the account before the SS# request.

:comp5:

Re: Is there really no way to get around paypals request for SS?
 

Typo...

Limited as in, you cant collect more funds? Or just the red banner? Two very different things. Three warnings and then actually limited when you go over 20k.

The 20k car example does not work because you NEVER would collect 20k on paypal for a car. As as a matter of fact, it is impossible to do so in one payment.

Re: Is there really no way to get around paypals request for SS?
 

you sound creepy like a pervert...

Re: Is there really no way to get around paypals request for SS?
 

Wish that's all he was...

Re: Is there really no way to get around paypals request for SS?
 

I haven't tested it yet, as I haven't had a sale since it happened... But I believe I can not receive funds. And ok, car was bad example. Lets just say a few cars. Or whatever example you want to use, of selling a few of your own personal possessions, rather than being a business. Because that's what the IRS requirement was meant for. It wasn't to catch people selling off a few personal items, but actually selling stuff to make money.

Re: Is there really no way to get around paypals request for SS?
 

This is where Managed Payment is magnitudes easier and better than Paypal. They send you a request right at 17k and then stop you just before 20k. You can easily add a Tax number or just wait until next year. At least up until now.

Paypal, no more resets.

Re: Is there really no way to get around paypals request for SS?
 

first ,you can send and receive large sum via Paypal,there are sellers on EBay who receive 5 figures for what they sell,like antique watches,but it is better to call first and get approval.
second,whether you buy the goods to resell or sell what you have around the house,you are still selling and should report any income you make.
IRS does not expect you to make a big killing selling personal items as they figure you pay more for them but there are exceptions like gold,heirlooms,
You can always use Schdeule C to report such sales and take deductions,talk to your accountant

Re: Is there really no way to get around paypals request for SS?
 

can you open a managed account without giving them your SSN?

Re: Is there really no way to get around paypals request for SS?
 

I'm not saying not to report the money. Just that the IRS doesn't expect a 1099K for those earnings, as the point of it was for people using paypal for business. If you get down to it, you're supposed to report money you make at a garage sale. lol tho go ahead and show me someone that as ever done that...

Re: Is there really no way to get around paypals request for SS?
 

I could not. I had to add my social security number.
Not sure after so many sells if I have to update more info or not.
Managed payments has not asked for no documents as of now.
I supplied name address phone number bank info and social security number.
I suppose it was all accepted and documents were not needed or they are waiting until my sales reach the amount to where they will ask to update info

Re: Is there really no way to get around paypals request for SS?
 

Well. Confirmed. $11k in sales, and now I can't receive anymore sales. Buyers complaining I don't accept payment.

Re: Is there really no way to get around paypals request for SS?
 

That is new this year then and that is crazy.

So, you are going to add a new Paypal right?

Re: Is there really no way to get around paypals request for SS?
 

Never really got this far before... New paypal? Not connected to my current one?

Gotta be an easier way. I was considering doing a corp and get an EIN. I'm still relatively new to this. Each person gets their own personal EIN and SS right? I've used my SS, and I created a corp that I used an EIN from. Actually, the current EIN I'm using on my main account, is connected to a corp that was dissolved over a year ago... if not two. So it seems to work. So do they not check on things like that??

Re: Is there really no way to get around paypals request for SS?
 

adding another paypal is the quickest fix.

You can get an EIN. You do not get a new SS just an EIN. It is nearly impossible to change your SS.

Some people are saying paypal will ask for the entire SS number. This has not bee my experience and if it happens, I will add the EIN number for both numbers, same as we have been doing for the years for the last 4.

Paypal/amazon/manged payments etc can only ask the IRS one question, Does this number math this name? and the IRS will reply with a Yes or No answer.

That being said, it is not all that uncommon for Paypal to ask for Articles of incorporation or equivalent. Sometimes a letter of good standing from the secretary of state. We have been asked for the articles of we want to use the account balance. We have ignored for close to a year now and can only withdraw to a checking account.

Re: Is there really no way to get around paypals request for SS?
 

[QUOTE=yankee;1027837]adding another paypal is the quickest fix.

Some people are saying paypal will ask for the entire SS number. This has not bee my experience and if it happens, I will add the EIN number for both numbers, same as we have been doing for the years for the last 4.

When I added ein I first went into PayPal account and clicked to upgrade to business
Then I could put the ein and it asked for name business name business address and business phone number. Also sole proprietship

I also was also asked for birthdate and last 4 of social. I used last 4.
Have not been asked for any documents yet. The request for tax info is gone now. So I guess they accepted the info I gave online.

Re: Is there really no way to get around paypals request for SS?
 

[quote=leighanns520;1027990]was it real info?

Re: Is there really no way to get around paypals request for SS?
 

[quote=james13v;1028043]Your EIN?

Yes, of course. We use WY corporations mostly.

Re: Is there really no way to get around paypals request for SS?
 

[quote=james13v;1028043]Yes I gave real info when obtaining ein. Social security number had to be provided to apply and get ein as well.

After 2 weeks I upgraded to business account in PayPal. That allowed me to insert the ein
The PayPal is in my real name. Real address and real phone number and bank account.
I had a previously limited account so had to go the ein route. The banned account had my social security number.

I have moved to a different state in the USA and use my new address
After giving ein had to add business name, address, phone number, bank
Info if different from bank currently being used.
It also asked for last 4 of social-- I used last 4 of ein, and they wanted birthdate.
I used real month and real year but different day of that month .
Since doing this I have not seen the link to provide tax info as was there prior to giving them the ein.
This account and linked eBay account has been going for over a year now

Re: Is there really no way to get around paypals request for SS?
 

Huh??????
How does that statement help with solutions to op issues?

Re: Is there really no way to get around paypals request for SS?
 

They're canadian lol don't mind them.

Re: Is there really no way to get around paypals request for SS?
 

Why are you afraid of adding an EIN?

Re: Is there really no way to get around paypals request for SS?
 

Doubtable as well actually :FF:

Re: Is there really no way to get around paypals request for SS?
 

Been trying to buy a paypal account from the sellers on here. Talk about a useless bunch. At least one of them bothered to tell me he isn't able to. The others tho?? Just wow.

Re: Is there really no way to get around paypals request for SS?
 

you can make $20k payment via Paypal,you just have to get its approval ,5-6 figures sales take place on Ebay - antique watches,gold bars,etc.
Some sellers would even accept Paypal payment for autos,altho I would not advise such.

Re: Is there really no way to get around paypals request for SS?
 

10K is the maximum single transaction since 2013 You can make as many 10k transactions as your heart desires.

Re: Is there really no way to get around paypals request for SS?
 

not so,transactions in 5-6 figures take place daily on Ebay ,buyers paid 5 figures for antique watches and 5-6 figures for gold bars.
you just have to get approved by Paypal.
Just met a local guy who is known in the trade as Mr Rolex,he shops online for expensive wrist and pocket watches,fix it and resell for good profit,he buys on Ebay and online auctions and pay via Paypal or with his cc card.

Re: Is there really no way to get around paypals request for SS?
 

you mean 10k

if it was 1k, that would be super easy to get banned for

Re: Is there really no way to get around paypals request for SS?
 

No, they mean 1K, because $1kx12 months is about $12k. Tho he's being a little conservative. I'd say don't pass $1500 a month. Which was fine for me. But apparently you also can't pass 150 items total. Which sucks, cause I was selling a few things for $10, which got my count way up.

Re: Is there really no way to get around paypals request for SS?
 

whatever happens to this talk about opening a Paypal account claiming you are in Mexico ,and link a US bank account since American expat can link US bank account while overseas?

Re: Is there really no way to get around paypals request for SS?
 

So I tried buying another paypal, and the seller told me it's very risky. Wouldn't paypal just notice there was another paypal account connected to the same ebay?

Re: Is there really no way to get around paypals request for SS?
 

I think we are having a different conversation... I'm not talking about large transactions. I'm talking about total individual transactions.

Re: Is there really no way to get around paypals request for SS?
 

Not really and disconnect the old paypal from ebay.

Re: Is there really no way to get around paypals request for SS?
 

yes,the two paypal accounts are linked via the Ebay account,but as long as the paypal accounts are not suspended,it should not be a problem.
ifi t bothers you,then pair your new Paypal account with a new Ebay account

Re: Is there really no way to get around paypals request for SS?
 

the point was, to not sacrifice a 6 year old steady and consistent selling account.

Re: Is there really no way to get around paypals request for SS?
 

called paypal, and they are claiming the IRS contacted htme, saying the information I provided, does not match, so they are requiring my SS? Match what? what the hell are they talking about? Why would the IRS contact them in the first place about my account? What total bull****. I called her a straight up liar.

Re: Is there really no way to get around paypals request for SS?
 

you'd be surprised who can and will contact Paypal and Ebay and AMZN as well,IRS,FBI and any law enforcement agencies around the world.
IRS can subpoena member records
An antique dealer who has a brick and mortar store was audited by IRS,IRS requested his account history from Ebay
An Ebay seller sells on Ebay ,acccepted Paypal payments buy never ship anything,some one snitched and FBI investigates and find out the payments are for funding US ISIS terrorism acts.
Many disabled Ebay sellers receive govt aids ,they dont like their sales proceeds transferred to their bank account as the states can and will find out by accessing these accounts,I dont know if they can access their Paypal account ,probably not.