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- PayPal Talk
( https://www.aspkin.com/forums/paypal-talk/)
| Fishermanzz2 | 10-22-2019 07:36 PM |
PayPal wants beneficiary owners - Stealth Info?
PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that? |
| SaiJin | 10-22-2019 08:46 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
how much money went through the account this year? |
Re: PayPal wants beneficiary owners - Stealth Info?
OP, what was the huge spike amount? Projected RATE can play into PP's calculation... |
| Fishermanzz2 | 10-23-2019 03:10 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by rsot
(Post 1043270)
OP, what was the huge spike amount? Projected RATE can play into PP's calculation...
|
About $10,000. I did a little research, and apparently as of 2018 there's a new requirement for financial institutions to get beneficiary owner information from businesses. |
| agent006140 | 10-23-2019 08:13 AM |
they want your SSN
ebay does not check .
Ebay does not care what your real name is,it just care that you have not been suspended by Ebay,as long as you ship the goods,and pay your bills,thats good enough for ebay.
Most sellers have multiple Ebay IDs,some they just make it up,some could be relatives,Ebay allows that,but if one account is suspended,it could bring down the others. Quote:
Originally Posted by Fishermanzz2
(Post 1043251)
PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that?
| since you dont have SSN,you may as well try using EIN,
but what to do with name,DOB etc? Quote:
Originally Posted by Fishermanzz2
(Post 1043251)
PayPal randomly requested beneficiary owner information on my business PayPal due to increased payments. It wants name, DOB, SSN, address, etc. of all beneficiary owners to the business. Well, the EIN/LLC is all in my name. The PayPal is stealth info.
Anyone had experience with this? Read through the articles on here, but nothing helped. Do I just enter stealth info? I don't have a SSN, only the EIN. Should I just use that?
| are you in USA,your flag said so
I would think by beneficiary owner,it means a human being,and one with DOB,SSN,ADDR etc
Paypal can be very persistent,with ever organisation,there must be at least one human being,so who is this person,or persons? Quote:
Originally Posted by Fishermanzz2
(Post 1052274)
What's managed payments?
| ebay/ayden |
| Fishermanzz2 | 10-24-2019 10:28 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by agent006140
(Post 1043390)
they want your SSN
|
Well, that's not going to work. I can't use that. |
| solefoodbk | 10-24-2019 10:35 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by Fishermanzz2
(Post 1043326)
About $10,000. I did a little research, and apparently as of 2018 there's a new requirement for financial institutions to get beneficiary owner information from businesses.
| Not true on my account. I was getting double that much per month on my main business account |
| Fishermanzz2 | 10-24-2019 03:18 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by solefoodbk
(Post 1043770)
Not true on my account. I was getting double that much per month on my main business account
| On a stealth? |
| midwestman | 10-24-2019 03:25 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Not to hijack thread but I'm in a similar situation so would love to hear answers.
I have an llc. Signing up for new PayPal now. I already input tax ID but now they want a ssn Dob etc to verify account.
If i add my real info to verify can eBay get this Info from PayPal and link me to a old ban account or can they only get the llc/ein info I input?
**iv never been ban from PayPal and have another account in good standing |
| solefoodbk | 10-25-2019 01:01 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by Fishermanzz2
(Post 1043813)
On a stealth?
| 2018 on my business account which technically is and isn’t stealth. Yes, during this time last year I actually moved I believe 45k within 30 days. I averaged 20k per month, more in gross (including refunded orders). I have to honestly say now though things are changing so I don’t know moving forward as of yet |
| Fishermanzz2 | 10-25-2019 05:12 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by solefoodbk
(Post 1043905)
2018 on my business account which technically is and isn’t stealth. Yes, during this time last year I actually moved I believe 45k within 30 days. I averaged 20k per month, more in gross (including refunded orders). I have to honestly say now though things are changing so I don’t know moving forward as of yet
| Oh, okay. Yeah, mine is full stealth. This is what I found on the PayPal website: https://www.paypal.com/us/smarthelp/...mation-faq3885 |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by Fishermanzz2
(Post 1043939)
| Please post a message like "Warning PAYPAL link" before inserting pp or eb links on this forum |
| midwestman | 10-25-2019 06:44 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by agent006140
(Post 1043828)
ebay does not check .
|
so if i enter my personal info into paypal to verify the account ebay will not be able to see that?
its setup with my LLC name and FEIN, paypal is saying they need someones personal info just to verify a real person is starting the account so they know its not fraud. |
| Fishermanzz2 | 10-27-2019 08:15 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
So does anyone know anything about the beneficiary questions? |
| Fishermanzz2 | 11-05-2019 05:57 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by agent006140
(Post 1044432)
are you in USA,your flag said so
| Yes I am. Any suggestions? |
Re: PayPal wants beneficiary owners - Stealth Info?
Any updates on this? |
| Fishermanzz2 | 11-22-2019 09:24 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by agent006140
(Post 1049995)
Paypal can be very persistent,with ever organisation,there must be at least one human being,so who is this person,or persons?
| The problem is that it's a stealth PayPal account, and I can't use my info. |
| stevesokol21 | 11-22-2019 11:24 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
so there is no known way around this? i have this same issue right now. not sure what to do from here with those accounts... |
| yankee | 11-22-2019 11:35 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by stevesokol21
(Post 1050729)
so there is no known way around this? i have this same issue right now. not sure what to do from here with those accounts...
| Are you still collecting money? If so, can you still withdraw funds? If that is also a Yes, I would do nothing yet. |
| yankee | 11-22-2019 11:35 PM |
Re: PayPal wants beneficiary owners - Stealth Info?
Yall can just move to managed payments and ditch the Paypal BS. |
| stevesokol21 | 11-23-2019 10:32 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by yankee
(Post 1050731)
Yall can just move to managed payments and ditch the Paypal BS.
| would it be alright to contact you thru PM? i have a few questions to ask about the managed payments. i have been invited on both of my accounts but would like to ask a seasoned vet as yourself a few questions. thanks for posting back. its really appreciated. |
| yankee | 11-23-2019 10:49 AM |
Re: PayPal wants beneficiary owners - Stealth Info?
Quote:
Originally Posted by stevesokol21
(Post 1050824)
would it be alright to contact you thru PM? i have a few questions to ask about the managed payments. i have been invited on both of my accounts but would like to ask a seasoned vet as yourself a few questions. thanks for posting back. its really appreciated.
| Go ahead and send a PM. Im not on here much lately but do check my messages daily. |
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