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Old 08-07-2014
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Default My biz partner and I split up can I change PP accounts

Hello my partner and I had an ebay biz together I bought him out. Its a somewhat established account 130 sales Top rated with new seller ratings. question can I open a paypal with a new EIN and link it to the same account since it is only me now? Or will that ruin the account this is account is my main money maker right now.

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Old 08-07-2014
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Default Re: My biz partner and I split up can I change PP accounts

Basic Answer: No, you can't add another Paypal to the Ebay Account, Paypal will kill both Paypal accounts and then you will be left with none.
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Old 08-07-2014
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Default Re: My biz partner and I split up can I change PP accounts

Good enough answer for me is there a way to update my ein on current paypal? Or is that a pain in the butt. He originally opened it with his SS
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Old 08-07-2014
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Default Re: My biz partner and I split up can I change PP accounts

Is there an EIN on the account right now or not?

If NOT, then I would get a new EIN and add it to the PayPal account.

The better way is, of course, to have a totally new PayPal with only your name on it, that way it is 100% YOURS and there are no problems down the road.

A PayPal rep once told me that they allow TWO PayPal accounts per person, one personal and one business. I never tried it as I had heard bad things about opening a second account. Still, it may work for you. Maybe someone who has done this can chime in?
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Default Re: My biz partner and I split up can I change PP accounts

No ein he did a sole prop and used his social as tax ID if it's not a big deal I will just get an ein and update the account. I would much prefer to keep what I have if possible. If not I can throttle it down and keep chugging
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Default Re: My biz partner and I split up can I change PP accounts

Best not to risk your real account. It might be more work to get an EIN, but its better then possibly risking the account with 2 paypals
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