How Does Paypal EIN Work and Do I Need Them Seperate - 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 09-14-2013
Junior Member
 
Join Date: Jun 2013
Posts: 106
Thanks: 3
Thanked 17 Times in 13 Posts
Activity: 0%
Longevity: 50%
iTrader: (0)
Default How Does Paypal EIN Work and Do I Need Them Seperate

Hey everyone,
I have a few questions, I was wondering what would be the best advice for the long run. I currently ran multiple number of stealth accounts, even got them to top rated powersellers. I know how stealth accounts work but my problem is paypal. I did not know how to manage Paypal stealth accounts after the 200 transaction mark, which honestly left me in a complete mess. Which leads me to wanting to ask a few questions so I am safe in the future


I would like to know

1. If I wanted switch Paypal stealth's after the 200 mark, would it be ok with a New Dedicated IP and everything. I know sometimes ebay does see this. Even if your paypal is not linked and puts your account on a restriction until the paypal issue is resolved. This actually happened to me although ebay did not know exactly all the info since the account isnt linked


2. I am really considering of just going whitehat on Paypal Business with an EIN number
which makes me want to ask
-Could I use the same EIN on multiple Paypal Accounts
-Do I have to do separate taxes since if I will be using separate EIN numbers
-Would I have to make a LLC for each stealth account with separate EIN
-I have Chase Bank for one of my previous businesses, would making multiple checking accounts under my business be the best thing.


Those are all the questions I can think of at the moment. Thanks for reading and any advice you can give me will be greatly appreciated. Thanks
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 09-14-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 58,534
Thanks: 4,632
Thanked 7,144 Times in 6,510 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default Re: How Does Paypal EIN Work and Do I Need Them Seperate

1. Don`t run the PP to the full mark - use stealth and rotate sales so you dont have to worry about this. Operate each account separately via stealth methods.

2. See posts by jeffweico and others. If you are talking about TAXES and FINANCIAL dealings, best to go see a professional accountant or the like - forum isnt geared financial counselling.
Reply With Quote
  #3  
Old 09-14-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,043
Thanks: 5,509
Thanked 9,020 Times in 7,035 Posts
Activity: 34%
Longevity: 95%
iTrader: (6)
Default Re: How Does Paypal EIN Work and Do I Need Them Seperate

First thing you must do is check out the below site.

Internal Revenue Service

It is user friendly and if you need to speak to them, a free call.

Paypal picks up you added another account. Avoid doing that.

Each account needs an EIN. However, that is a tax issue which the forum does not give advice about. We are not tax professional.

As rsot said, look for posts by jeffweico,KingRay and others.

Good Luck
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
Best way to seperate accounts jonyster eBay Suspensions 7 02-15-2013 03:51 AM
Would my accounts be seperate enough now? AussieHere Subscriber Discussions 6 07-20-2012 06:39 PM
seperate flash for seperate users oompaloompa eBay Tracking 10 05-05-2009 03:02 AM


Aspkin Group

All times are GMT -5. The time now is 10:28 PM.


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 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts