|
07-30-2020
| Junior Member | | Join Date: Mar 2019
Posts: 75
Thanks: 43
Thanked 5 Times in 4 Posts
Activity: 0% Longevity: 29% | | How to avoid the 200/20k limit for non-U.S. citizen
Hi guys, how to avoid the 200/20k limit for US PayPal, if Not a U.S. citizen, thank you all.
|
The complete step-by-step guide to get back to selling today!
| |
07-30-2020
| | Super Moderator | | Join Date: Jul 2008
Posts: 15,977
Thanks: 322
Thanked 2,553 Times in 2,205 Posts
Activity: 53% Longevity: 91% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by Michael888 Hi guys, how to avoid the 200/20k limit for US PayPal, if Not a U.S. citizen, thank you all. | Ummm.... by not selling past that limit....
|
07-30-2020
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 49% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by agent006140 If you are not a US citizen or resident,it should not apply to you>
This is for sending you and IRS a 1099K form .
WHY?Do you have a US Paypal account when it should be a Chinese PAypal account? | I can't believe you're still this clueless after making 7k+ posts in a stealth community. People here are not using their real identity, agent. Yeah, OP, just stay under it. Also be advised that if you ever do go over and get tax-limited, that account will be finished, because the tax-limitation no longer resets with the new year like it used to. :(
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
07-30-2020
| Junior Member
Threadstarter  
| | Join Date: Mar 2019
Posts: 75
Thanks: 43
Thanked 5 Times in 4 Posts
Activity: 0% Longevity: 29% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by agent006140 If you are not a US citizen or resident,it should not apply to you>
This is for sending you and IRS a 1099K form .
WHY?Do you have a US Paypal account when it should be a Chinese PAypal account? | For US eBay
|
07-30-2020
| Junior Member
Threadstarter  
| | Join Date: Mar 2019
Posts: 75
Thanks: 43
Thanked 5 Times in 4 Posts
Activity: 0% Longevity: 29% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by SaiJin Ummm.... by not selling past that limit.... | 200 solds per year is really nothing
|
07-30-2020
| Junior Member
Threadstarter  
| | Join Date: Mar 2019
Posts: 75
Thanks: 43
Thanked 5 Times in 4 Posts
Activity: 0% Longevity: 29% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by phaz0rz I can't believe you're still this clueless after making 7k+ posts in a stealth community. People here are not using their real identity, agent. Yeah, OP, just stay under it. Also be advised that if you ever do go over and get tax-limited, that account will be finished, because the tax-limitation no longer resets with the new year like it used to. :( | That’s really bad news n
|
07-30-2020
| | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 19% Longevity: 91% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
From my own experience the dollar amount limit is usually the bigger issue of the two and the one they pay more attention to.
Stick to selling no more than $1500 per month on the account and you should be fine.
If you plan to sell more than that split your sales across multiple accounts.
And if you get a request for EIN/SSN for those reason stop using the account until next year when those limits reset.
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 | The Following User Says Thank You to slokor For This Useful Post: | |
07-30-2020
| Junior Member
Threadstarter  
| | Join Date: Mar 2019
Posts: 75
Thanks: 43
Thanked 5 Times in 4 Posts
Activity: 0% Longevity: 29% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by slokor From my own experience the dollar amount limit is usually the bigger issue of the two and the one they pay more attention to.
Stick to selling no more than $1500 per month on the account and you should be fine.
If you plan to sell more than that split your sales across multiple accounts.
And if you get a request for EIN/SSN for those reason stop using the account until next year when those limits reset. | Thank you Slokor! But as phaz0rz said, the tax-limitation no longer resets with the new year like it used to :(
|
07-30-2020
| | Super Moderator | | Join Date: Jul 2008
Posts: 15,977
Thanks: 322
Thanked 2,553 Times in 2,205 Posts
Activity: 53% Longevity: 91% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by Michael888 200 solds per year is really nothing | What's stopping you from having multiple accounts?
That's the best way to do this.
|
07-31-2020
| | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 19% Longevity: 91% | | Re: How to avoid the 200/20k limit for non-U.S. citizen Quote:
Originally Posted by Michael888 Thank you Slokor! But as phaz0rz said, the tax-limitation no longer resets with the new year like it used to :( | That's news to me.
Why would it not reset with the new year?
phaz0rz - if you can send me a link relating to this topic so I can read up on it id appreciate it. Just need something backing up this claim as Ive never heard heard that before. If anyone else here could confirm this is now the case id appreciate it.
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
07-31-2020
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 49% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
I can't link you to it.. it's something I noticed myself starting about 2 years ago.
Back when I joined I pointed out that tax limitations go away each year, and I posted proof by showing a screenshot from a gmail account where an account got tax limitation emails two years in a row.
So I had about 15 accounts I would send invoices from and I would purposely go over the limit each year, move onto the next account, and just wait for them to reset the next year.
Nowadays though, none of those accounts I went over on reset with the new year so I have a handful of accounts which are permanently limited. When I try to send invoices from them I just get an error message saying "merchant is limited."
Note that this is only if you hit the threshold and actually get your account limited. If you don't go all the way and get your account limited, that's still fine, because your transaction count will still reset the next year. This is only a problem if you get tax limited.
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
07-31-2020
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,088
Thanks: 5,945
Thanked 8,937 Times in 8,228 Posts
Activity: 100% Longevity: 83% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
@Michael888, set up several stealth accounts and rotate sales to stay below limit.
It's rough but that's the reality of PP - you have been given some good advice by slokor, SaiJin and phaz0rz
|
07-31-2020
| Junior Member | | Join Date: Jul 2020
Posts: 10
Thanks: 3
Thanked 3 Times in 3 Posts
Activity: 0% Longevity: 21% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
So basically if you get the warning that you need to provide tax information, you are still okay? But after a certain amount of time, if you do not provide tax information, they will limit your account and after the new tax year, your limitation still does not reset, correct?
|
07-31-2020
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 49% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
Honestly the wise thing to do would be to avoid USA accounts since this isn't a regulation elsewhere.
__________________ ____________ _______ ___ |
07-31-2020
| Junior Member | | Join Date: Jul 2020
Posts: 10
Thanks: 3
Thanked 3 Times in 3 Posts
Activity: 0% Longevity: 21% | | Re: How to avoid the 200/20k limit for non-U.S. citizen
I'm thinking of getting Jamesnorth101 account since he said that there is a lot of restrictions. I wonder if in the UK there's this 200/20k inconvenience like we have here in the states. What is your opinion on it?
|
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | |