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-   PayPal Talk (https://www.aspkin.com/forums/paypal-talk/)
-   -   PAYPAL asking for SS#, need to add funds (https://www.aspkin.com/forums/paypal-talk/85981-paypal-asking-ss-need-add-funds.html)

korina 05-28-2015 06:55 PM

Re: PAYPAL asking for SS#, need to add funds
 
So how they will report you to IRS without your SS?

MM78 05-28-2015 06:56 PM

Re: PAYPAL asking for SS#, need to add funds
 
Quote:

Originally Posted by korina (Post 673042)
But they have to send you and IRS a form to pay taxes ?

Only if you plan to reach or reach the 200/$20,000 threshold.

korina 05-28-2015 06:58 PM

Re: PAYPAL asking for SS#, need to add funds
 
What about Skrill?

MM78 05-28-2015 07:02 PM

Re: PAYPAL asking for SS#, need to add funds
 
Quote:

Originally Posted by korina (Post 673049)
What about Skrill?

Most likely the same situation, Ebay will most likely track your sales with Skrill and "MAY" want you to report taxes.

If you use PayPal you can sign up for an EIN and provide that to PayPal for tax purposes...OR you can spread your sales across many accounts so you don't ever hit the 200/$20K mark.

korina 05-28-2015 07:04 PM

Re: PAYPAL asking for SS#, need to add funds
 
So, I should open few PP accounts with a different names and no SS attached?

MM78 05-28-2015 07:06 PM

Re: PAYPAL asking for SS#, need to add funds
 
Quote:

Originally Posted by korina (Post 673051)
So, I should open few PP accounts with a different names and no SS attached?

1 Ebay to 1 PayPal...1:1 ratio always. Please remember that your not forced to enter an SSN on PayPal...it's not mandatory.

korina 05-28-2015 07:09 PM

Re: PAYPAL asking for SS#, need to add funds
 
Was mandatory for me, when PP stop accepting eBay payments and requested SS.

MM78 05-28-2015 07:11 PM

Re: PAYPAL asking for SS#, need to add funds
 
Quote:

Originally Posted by korina (Post 673053)
Was mandatory for me, when PP stop accepting eBay payments and requested SS.

What I meant is that it isn't mandatory when you open the account.....The idea for you now is to stay under the radar if possible. Like I said, you can go the EIN route as well but it's a bit more complicated BUT do-able and it's worked for a lot of sellers on this forum.

korina 05-28-2015 07:13 PM

Re: PAYPAL asking for SS#, need to add funds
 
Thank you.

MM78 05-28-2015 07:15 PM

Re: PAYPAL asking for SS#, need to add funds
 
Your Welcome and Good Luck!

hodgesdavid684 05-29-2015 08:22 AM

Re: PAYPAL asking for SS#, need to add funds
 
Quote:

Originally Posted by vogeltron (Post 672663)
If the bank account has mismatched names and you try to add funds to PayPal from the bank account they will see and immediately limit the account.

Then reloadable VCC is our best bet.


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