Paypal accepts EIN without a SSN? - 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 12-30-2013
Kelly441's Avatar
Senior Member
 
Join Date: Mar 2012
Posts: 1,457
Thanks: 104
Thanked 165 Times in 133 Posts
Activity: 0%
Longevity: 60%
iTrader: (0)
Default Paypal accepts EIN without a SSN?

The Ebay guide says that Paypal is not accepting EINs?

Is this still true? Can you just give them EIN without them asking for SSN?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 12-31-2013
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 662 Times in 490 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: Paypal accepts EIN without a SSN?

Quote:
Originally Posted by Kelly441 View Post
The Ebay guide says that Paypal is not accepting EINs?

Is this still true? Can you just give them EIN without them asking for SSN?
From my experience when they ask for a Tax ID. They give you 3 options. SSN, EIN or TIN. Assuming you aren't a immigrant worker TIN is no good. So you have to go with one of the two.

Never heard anyone say that EIN didn't work for them when the paypal registration info matched that given on the EIN.

Any Tax advice talk to a CPA or accountant. Just giving you advice on how PayPal seems to deal with that Tax ID request.
Reply With Quote
  #3  
Old 12-31-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,042
Thanks: 5,509
Thanked 9,023 Times in 7,036 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default Re: Paypal accepts EIN without a SSN?

Quote:
Originally Posted by Kelly441 View Post
The Ebay guide says that Paypal is not accepting EINs?

Is this still true? Can you just give them EIN without them asking for SSN?
Where are you getting these from?

You are completely missing what is CURRENTLY happening.

It is possible to supply an EIN to paypal to meet their requests. At the time of supply, the EIN alone works.

But, if paypal ever decided they want an SSN, then there is an issue.

You must understand the subtle difference.

EG, with the request for info to meet the 200/$20,000 a LIST of different Id might be needed. Most users have managed to just give an EIN.
__________________
Ever look at someone and think “WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #4  
Old 12-31-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 58,930
Thanks: 4,657
Thanked 7,179 Times in 6,543 Posts
Activity: 100%
Longevity: 77%
iTrader: (7)
Default Re: Paypal accepts EIN without a SSN?

Any further questions are best handled with tax professional advice
Reply With Quote
  #5  
Old 12-31-2013
Kelly441's Avatar
Senior Member
Threadstarter  
 
Join Date: Mar 2012
Posts: 1,457
Thanks: 104
Thanked 165 Times in 133 Posts
Activity: 0%
Longevity: 60%
iTrader: (0)
Default Re: Paypal accepts EIN without a SSN?

Quote:
Originally Posted by Greenie View Post
Where are you getting these from?

You are completely missing what is CURRENTLY happening.

It is possible to supply an EIN to paypal to meet their requests. At the time of supply, the EIN alone works.

But, if paypal ever decided they want an SSN, then there is an issue.

You must understand the subtle difference.

EG, with the request for info to meet the 200/$20,000 a LIST of different Id might be needed. Most users have managed to just give an EIN.

Right from the newest Ebay stealth guide, just read it yesterday. It said that they were still asking for SSN even if you use EIN

I'm not just making the stuff up. I know from my experience with reading Amazon Stealth that a lot of the info is outdated so I was asking questions to be sure. eBay Stealth is new to me, my Ebay account got suspended not to long ago so here I go.
Reply With Quote
  #6  
Old 01-03-2014
Junior Member
 
Join Date: Sep 2013
Posts: 33
Thanks: 2
Thanked 4 Times in 4 Posts
Activity: 0%
Longevity: 48%
iTrader: (0)
Default Re: Paypal accepts EIN without a SSN?

Quote:
Originally Posted by Kelly441 View Post
They were still asking for SSN even if you use EIN
I second this, I was on the phone with them when I had issues (usually never do this but account wasn't limited, it just changed me from verified to unverified so I couldn't withdraw and thought why not) and specifically asked if I could use JUST the EIN since it was a business account and didn't want it tied to me personally. He said essentially "don't worry for tax purposes we use the EIN with the IRS but to verify who you are we still need to get your SSN".

I will add though that I used just the EIN when creating the account and had this issue only a little bit later on where they wanted my SSN.
Reply With Quote
  #7  
Old 01-04-2014
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,219
Thanks: 895
Thanked 4,061 Times in 2,168 Posts
Activity: 0%
Longevity: 75%
iTrader: (12)
Default Re: Paypal accepts EIN without a SSN?

These are two separate issues.

PayPal and Amazon will both accept an EIN ONLY for tax reporting purposes. They gather this information to comply with IRS rules. This is one issue.

The OTHER issue is that your account gets flagged for potential fraud, or your sales ramp up to the point where they use underwriting to validate your account. In this case, they will ask for the SSN of the business owner REGARDLESS of whether or not a EIN is on file. In this situation, they want the information for IDENTITY VERIFICATION.

The best way to avoid the second situation is to stay under the radar. I cannot GUARANTEE this number, but $5,000 per month in gross sales is where most payment processors want to start digging into details of your business so they can properly assess their risk. Since there is most likely very little information available about your small business, it boils down to identity verification, credit history and what you are selling. If the risk managers do not like what they see, they close the account. This is true of ALL payment processors. What sets PayPal apart is that they do NOT gather this information upfront. If you apply for a real merchant account, you would have to supply all of this information AND they would ask for an estimate of your monthly gross sales. Most likely they would run your credit either way. If you have great credit, you are most likely approved. If your credit is just ok, but has a few dings, then they may want a rolling reserve, or they may put a monthly cap on your sales. Again, the difference is they will tell you this UP FRONT, while PayPal does all of this after the fact.

My response might be a little long in this case, but I think it is important to understand the how and why of how these entities actually work.

Last edited by jeffweico; 01-04-2014 at 03:19 AM.
Reply With Quote
The Following User Says Thank You to jeffweico For This Useful Post:
FRPT (02-21-2014)
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
which giftcard accepts paypal outside of us? needhelpasap PayPal Talk 0 11-28-2010 09:10 AM
VCC that accepts loading through PayPal pablo_delafuente PayPal Talk 1 04-12-2010 06:20 PM
merchant account that accepts paypal crazed_ebayer UK eBay & Paypal 9 07-07-2009 06:38 AM
ebay accepts only paypal? jerry0202 eBay Discussion! 5 03-13-2008 03:53 AM
Merchant account that accepts Paypal jen97 PayPal Talk 4 12-04-2007 02:51 AM


Aspkin Group

All times are GMT -5. The time now is 06:13 AM.


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