Paypal personal or business at registration!!

[deanmoney]

Originally Posted by Breakthecycle2

No, you open a personal account and then you upgrade that account to a business account.

So when I open a personal account should I use my business LLC name as a real name? This is how my SSN will never be asked?

[yankee]

Originally Posted by deanmoney

So when I open a personal account should I use my business LLC name as a real name? This is how my SSN will never be asked?

No. You are not hearing what we are saying.

[yankee]

Open up a personal account. Sell on that account until paypal asks for tax info, then and ONLY THEN upgrade to business, change all details to your LLC and add the EIN.

[yankee]

What happens when ebay makes you call in and you get suspended for not being able to pass data base questions? Your EIN paypal is now wasted forever.

ONLY add the EIN when absolutely needed and you have complete confidence the account will last.

[REFLECT]

I opened an LLC and provided the EIN and all the information. As soon as I tried to log in they asked for last 4 digits SSN and date of birth and it said that IRS required it to avoid money laundering.To make things worse ebay canceled my just opened account and this paypal is lost. I need to open another LLC but I don't know what to do the next time they ask for this in the next paypal account. This just happened on 12/10/14

[Dmshark25]

That's why never provide tax info until the account is going well and after 90 days when the paypal holds are lifted and limits raised with eBay and your making money than when asked for tax ID make the decision and if you want to provide this info just upgrade from personal paypal to Business PayPal

It's good to have that information ready but never add it from the start always wait until you see the account is going well like at least 4-6 months

[deanmoney]

Originally Posted by yankee

No. You are not hearing what we are saying.

When I open a personal account then what name should I use if not the LLC that sounds like a real persons name? To me the guide made it seem the LLC name plays a part in how you open up a new paypal account but I might be wrong. Sorry but I can't find enough info on the proper method to open a paypal account without an SSN being asked of me which is why all the question.

[yankee]

You do not need to give any tax info until you approach 200 transactions OR 20K in sales. Don't put anything in that section until they demand it.

[deanmoney]

Originally Posted by yankee

You do not need to give any tax info until you approach 200 transactions OR 20K in sales. Don't put anything in that section until they demand it.

Thanks for clearing that up. Can someone answer my last post.

[yankee]

Originally Posted by deanmoney

Thanks for clearing that up. Can someone answer my last post.

What is your question?

[trosky]

Originally Posted by deanmoney

When I open a personal account then what name should I use if not the LLC that sounds like a real persons name? To me the guide made it seem the LLC name plays a part in how you open up a new paypal account but I might be wrong. Sorry but I can't find enough info on the proper method to open a paypal account without an SSN being asked of me which is why all the question.

Forget LLC and business account, open a standard PayPal stealth account with stealth info, all new info. Stealth name/address etc

[deanmoney]

Originally Posted by trosky

Forget LLC and business account, open a standard PayPal stealth account with stealth info, all new info. Stealth name/address etc

How would this help me when I reach the 20,00 limit? I'm trying to run a new long term business.

What I am trying to find out is how people bypass the SSN requirement. If I open up a personal account would I need to use my LLC name? The guide hints at a way to do this using an LLC name that sounds like a person but gives no further information.

[solefoodbk]

Originally Posted by deanmoney

How would this help me when I reach the 20,00 limit? I'm trying to run a new long term business.

What I am trying to find out is how people bypass the SSN requirement. If I open up a personal account would I need to use my LLC name? The guide hints at a way to do this using an LLC name that sounds like a person but gives no further information.

No one bypasses the SSN requirement? Not sure if you were reading what other memebers were saying but they already told you what to do.

Once you upgrade to business and add the ein there USUALLY is no reason for paypal to ask for SSN. They can ask for SSN at any time on ANY account if they feel they have a reason to. Just because a EIN is attached doesn't put you off limits to suspicion/limits with further information needed.

No one can bypass a SSN request. Unless your using YOUR social, anything thing else is identity theft.

[yankee]

Beating a dead horse here.

[yankee]

We have answer your question many times. Please reread what we are saying. It is not complicated. You are having analysis paralysis.

It goes like this.
Open ebay and paypal account with fictitious info. Sell items. If your account lasts and you approach 200 items OR 20k in sales, paypal will ask for tax into. At this point you can determine if the account is worth adding your EIN. If it is, upgrade then and add your EIN. No SS needed.

I will not reply to this thread any more. All the info has been posted several times in this thread.