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- PayPal Talk
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| macnicolas | 12-11-2013 12:42 PM |
Paypal personal or business at registration!!
Going fresh with an llc. Should i open how do it open my paypal account from the the start??
Personal or business??? |
| macnicolas | 12-11-2013 12:58 PM |
Re: Paypal personal or business at registration!!
I guess my question is: how do i create my paypal account to bypass the ssn requirement form the beginning!?? |
| Kelly441 | 12-11-2013 08:55 PM |
Re: Paypal personal or business at registration!!
It will ask for you EIN instead |
| mrkurei | 12-11-2013 09:47 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by macnicolas
(Post 510522)
I guess my question is: how do i create my paypal account to bypass the ssn requirement form the beginning!??
| NO WAY ! You only have 200 transaction/ $20000 . you must create more paypal accounts . |
| macnicolas | 12-12-2013 01:04 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by mrkurei
(Post 510638)
NO WAY ! You only have 200 transaction/ $20000 . you must create more paypal accounts .
| are you saying! with a paypal business, you're only allowed 200 transactions per month? |
| heil86 | 12-12-2013 01:20 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by macnicolas
(Post 510683)
are you saying! with a paypal business, you're only allowed 200 transactions per month?
| no, he is saying that without a SSN on file with PayPal the entire account will be limited to 200 transactions or $20,000 per year, otherwise the account may be flagged and SSN be required, by law. |
Re: Paypal personal or business at registration!!
that is correct, when you are about to hit the limit , you will be asked for it.
Multiple accounts is the answer. Hit the search button and get all needed info to have your plan in place & best of luck |
| macnicolas | 12-12-2013 08:36 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by rama
(Post 510762)
that is correct, when you are about to hit the limit , you will be asked for it.
Multiple accounts is the answer. Hit the search button and get all needed info to have your plan in place & best of luck
| Do business account also get verified???
In terms of an llc!!!
I mean, before i proceed with over 20k in sales, can i attempt to have account verified with having to provide a ssn??
at this point, bank account and debit card are OK!!
only thing missing is a photo id!!
Any advice??? |
| macnicolas | 12-12-2013 08:38 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by Kelly441
(Post 510620)
It will ask for you EIN instead
| I already have that. |
| shaddypro1 | 12-12-2013 12:54 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by macnicolas
(Post 510683)
are you saying! with a paypal business, you're only allowed 200 transactions per month?
| 200 transactions before they ask for an EIN |
| macnicolas | 12-12-2013 01:42 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by shaddypro1
(Post 510840)
200 transactions before they ask for an EIN
| I already provided them with an EIN - does that put me a little bit in the clear??? |
| serenityseeker | 03-09-2014 01:02 PM |
Re: Paypal personal or business at registration!!
I would be curious to know how this worked out for you. I am new here and am wanting to do the same thing. I have been selling for someone else averaging 15,000 a month, and want to do it for myself again. Suspended back in 2005. |
| serenityseeker | 04-06-2014 08:08 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by macnicolas
(Post 510518)
Going fresh with an llc. Should i open how do it open my paypal account from the the start??
Personal or business???
| Which way did you open it ? Business or personal ? I am doing same thing |
Re: Paypal personal or business at registration!!
If you use the LLC, makes sense to open business account |
| deanmoney | 01-02-2015 05:56 AM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by serenityseeker
(Post 535599)
I would be curious to know how this worked out for you. I am new here and am wanting to do the same thing. I have been selling for someone else averaging 15,000 a month, and want to do it for myself again. Suspended back in 2005.
| Also was wondering the same thing. It seems most people's advice is to just say open multiple accounts. I am looking for my stealth account to be my main and only one.
So would opening up a paypal via a business account first be the right answer to bypass the SSN requirement. The guide is vague on this but hints at way that depends on how the paypal account is opened. |
| Breakthecycle2 | 01-02-2015 12:08 PM |
Re: Paypal personal or business at registration!!
I usually open a personal then upgrade to a business, however, lately if I make a business account straight out of the gate, I get the weird soft limitation. I am allowed to only withdraw the first $100 a receive until my account information is verified. |
| yankee | 01-02-2015 12:10 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by Breakthecycle2
(Post 626655)
I usually open a personal then upgrade to a business, however, lately if I make a business account straight out of the gate, I get the weird soft limitation. I am allowed to only withdraw the first $100 a receive until my account information is verified.
| Are they still asking for the 'users' SS and details? |
| Breakthecycle2 | 01-02-2015 12:11 PM |
Re: Paypal personal or business at registration!!
Yes they are. |
| yankee | 01-02-2015 12:14 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by Breakthecycle2
(Post 626657)
Yes they are.
| How do you get around that?
If you wait until paypal asks for the tax info, they do not ask for the 'users' SS just the EIN. |
| Breakthecycle2 | 01-02-2015 12:19 PM |
Re: Paypal personal or business at registration!!
I dump the accounts. If you do a personal a first, then upgrade to a business, they don't seem to be asking for this yet. |
| deanmoney | 01-02-2015 01:08 PM |
Re: Paypal personal or business at registration!!
Quote:
Originally Posted by Breakthecycle2
(Post 626660)
I dump the accounts. If you do a personal a first, then upgrade to a business, they don't seem to be asking for this yet.
| Thanks but the guide implies that you should open the account with your new LLC that sounds like a persons name hence the only to do that would be to open a business account unless I am misunderstanding. Since a personal account would require a ⊗⊗⊗⊗ name. |
| Breakthecycle2 | 01-02-2015 01:14 PM |
Re: Paypal personal or business at registration!!
No, you open a personal account and then you upgrade that account to a business account. |
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