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Old 03-27-2015
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Default Paypal Tax info- sneaky *******s

I was under the impression that Paypal only allowed you two paypal accounts one business and one personal. I got email today to provide my SSN, of course I did not, but I did supply my EIN. I will not reach the threshold so there should not be an issue. The name is in a business "partner" but I put the EIN in my own name as I was told that the IRS does not match "paypal" names with EIN, that all the IRS cares about is that the information on EIN application is correct (which it is).

Now for the sneaky ******* part. The email stated and I quote:
"If you have multiple PayPal accounts, repeat these steps for each account."

WTF, if you are allowed only two paypal account that is NOT multiple but two. So it should say, "if you have a business and personal account please provide for both" I wonder how many people are going to supply tax ID to MULTIPLE accounts. Sneaky *******s.
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Old 03-27-2015
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Default Re: Paypal Tax info- sneaky *******s

Well, there are exceptions to every rule. PayPal DOES give some people the ability to have multiple business accounts. Of course, this is the type of thing you need to run by them first - and you will have to provide a good reason for doing so. But it IS known to happen.

And multiple just means more than one:

Multiple: consisting of, including, or involving more than one <multiple births>

So, it COULD simply mean 1 personal account + 1 business account.
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Old 03-27-2015
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Default Re: Paypal Tax info- sneaky *******s

Nope, your misunderstanding their twisted words, OP.

Jeff' is right on the money.

Ever look at someone and think WhyTF has no one hit you with a shovel yet?
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Old 03-27-2015
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Default Re: Paypal Tax info- sneaky *******s

Well, you can have 8 paypal accounts per tax ID if you call them and have a reason. Oftentimes paypal will ask you to open a new account for some things. If you call and inquire about upgrading to a business account paypal will ask/suggest to simply open a new account as just one example. Start handling a lot of foreign currency and they sometimes prefer you have a separate account for that for those uses. Start doing large instant bank transfers is another example especially if international. Collect larger lump sums from wholesale buyers etc... Lots of reason to have multiple paypal accounts per entity with paypal's blessing.
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