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  #1  
Old 08-23-2015
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Default How to avoid SSN request?

Is there a way to avoid the SSN request? Back in 2013, it appears people were able to just ignore it, but it seems like in recent times, accounts are getting suspended due to not providing it and it seems they're getting it much earlier than the 200item/$20,000 limit.

I wonder... is that 20,000 limit corroborated by law?

Oh, https://www.paypal.com/us/webapps/he...utionId=FAQ729. It appears that it's both $20,000 AND 200 items. If you sell 300 cheap items (Less than $20,000), then paypal doesn't need your SSN for IRS reasons. But, will they request it anyways?
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Old 08-23-2015
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Default Re: How to avoid SSN request?

They request based on there own set of guidelines on projected sales.

Amazon is exactly 50 transactions limitation and request at 25 items.

We are fortunate paypal is so lenient in comparison.
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Old 08-23-2015
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Default Re: How to avoid SSN request?

That makes sense. I remember getting the SSN request after so many sales, and it seems like the 'monthly limit' seems about right. I probably exceeded the monthly limit, having gotten something like $6000 in sales in 2 months. (However, I didn't receive nearly that much in my paypal account leading me to suspect that paypal bases it off of ebay sales and not paypal revenue.)

$20,000/year = $1666/month = $384/week = $54/day. It seems likely they either use the weekly or monthly metric. I'm guessing weekly since someone sold a $1000 laptop and got the SSN request.

I know, thank god they're so lenient. Imagine how much sales would be diminished if they started enforcing it on everyone.

Last edited by swbluto; 08-23-2015 at 10:15 PM.
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Old 08-24-2015
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Default Re: How to avoid SSN request?

dont know that you can get around it
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Old 08-24-2015
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Default Re: How to avoid SSN request?

Quote:
Originally Posted by yankee View Post
They request based on there own set of guidelines on projected sales.

Amazon is exactly 50 transactions limitation and request at 25 items.

We are fortunate paypal is so lenient in comparison.
Yes praise our overlord and his kindness towards our rear ends
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  #6  
Old 08-24-2015
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Default Re: How to avoid SSN request?

PP is known to use the limit/SSN request based on project sales rate.

@OP, do you spread sales on multiple accounts?
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Old 08-24-2015
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Default Re: How to avoid SSN request?

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Originally Posted by rsot View Post
PP is known to use the limit/SSN request based on project sales rate.

@OP, do you spread sales on multiple accounts?
I do, but not for this purpose. But, it does seem to be a side benefit.
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Old 08-24-2015
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Default Re: How to avoid SSN request?

It applies to everyone and theres no way around it.
Good thing an EIN can be applied as a workaround. Then again that means youll be paying taxes on all your sales.
I myself prefer the approach of spreading sales across multiple accounts. Worked for me for years now.
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Old 08-24-2015
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Default Re: How to avoid SSN request?

I thought people who applied an EIN had to supply an SSN anyways? (If I remember correctly, someone just 2 months ago had to supply the last 4 of SSN and DOB.)
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Old 08-25-2015
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Default Re: How to avoid SSN request?

My question is if you have a ⊗⊗⊗⊗ name and get an EIN on the ⊗⊗⊗⊗ name can you pay taxes on the ⊗⊗⊗⊗ name and the IRS will not bother you?? Or is it dumb to try and pay taxes on a ⊗⊗⊗⊗ stealth account??
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Old 08-25-2015
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Default Re: How to avoid SSN request?

If I buy a stealth account am i to only limit myself to 20,000 per account and I dont fully inderstand the LLC thing.I am in NY if my name is John Doe I would have to register as Johnathan Doe for LLC and pay taxes on the LLC??? And is there a monthly or yearly filings?? And how would I go about doing LLC in ny???How long would it take?
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Old 08-25-2015
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Default Re: How to avoid SSN request?

Spread you sales, it not only reduces your risk of losing a huge % of you rbusiness but you can also pull in more money while better staying umder the radar....for example you have 2 accounts and 1 goes down youre losing 50% and can only make a max of 40k per/y if you have 20 account and lose 1 account youre losing %5 and can bounce back and or lean on your other account and also make 400k per year.....less risk and more under the radar is a win win situation....it does take more organization to run many accounts but its well worth it in the long run......if you LLC an account you can do 60K per year but why not just open 3 more accounts instead
cheers
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Default Re: How to avoid SSN request?

Unfortunately I do not have the luxury of juggling accounts when I have to juggle 2 small children.. I need a more straight forward approach...anyone??
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Old 08-25-2015
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Default Re: How to avoid SSN request?

to be clear ALL BANK AND COMPANY INFO MUST BE IN YOUR REAL DETAILS unless you want to face jail time.

It is not hard to run 10 accounts at one time even if you had ten children.
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Default Re: How to avoid SSN request?

But will the kids rememeber who you are..
besides wouldnt the LLC have you running the business full throttle without limitations..no 10 accounts..just make the money and pay taxes. what is the downfall of the LLC
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Old 08-25-2015
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Default Re: How to avoid SSN request?

Quote:
Originally Posted by anthonyweir View Post
But will the kids rememeber who you are..
What???????
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Old 08-25-2015
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Default Re: How to avoid SSN request?

Quote:
Originally Posted by anthonyweir View Post
But will the kids rememeber who you are..
besides wouldnt the LLC have you running the business full throttle without limitations..no 10 accounts..just make the money and pay taxes. what is the downfall of the LLC


Company or no company, you still have the same exact selling limitations and at any time can be limited/suspended.

No downfall of a company. Just have 10 or 100 of them to spread sales, reduce risk and get good selling limits across all accounts.
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Old 08-25-2015
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Default Re: How to avoid SSN request?

Quote:
Originally Posted by anthonyweir View Post
My question is if you have a ⊗⊗⊗⊗ name and get an EIN on the ⊗⊗⊗⊗ name can you pay taxes on the ⊗⊗⊗⊗ name and the IRS will not bother you?? Or is it dumb to try and pay taxes on a ⊗⊗⊗⊗ stealth account??

dude please stop it
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Old 08-25-2015
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Default Re: How to avoid SSN request?

Quote:
Originally Posted by anthonyweir View Post
But will the kids rememeber who you are..
besides wouldnt the LLC have you running the business full throttle without limitations..no 10 accounts..just make the money and pay taxes. what is the downfall of the LLC
ok yes then just do that. good job. problem solved.
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Old 08-25-2015
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Default Re: How to avoid SSN request?

[QUOTE=anthonyweir;698377]But will the kids rememeber who you are..


listen your kids will always love you regardless of your stealth name
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Old 08-26-2015
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Default Re: How to avoid SSN request?

Hi, With LLC are limitations only to sell or also to buy?

I want to use paypal business to realize top purchases to 20k per month

Payapl can it me be required ssn, using a LLC?. Thanks!!!
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Default Re: How to avoid SSN request?

????? Anyone???..I didnt understand the question
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