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  #1  
Old 01-21-2016
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Default Paypal Dollar Amounts

Hello, I was wondering if there is a limit to how much a personal account can accept?

For instance, is there a $$$ amount before you need upgrade to a business account?

Thanks for any help
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  #2  
Old 01-21-2016
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Default Re: Paypal Dollar Amounts

There is a limit before you need to supply an SSN or EIN which is $20,000. They can be done on actual funds taken and projected funds
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Old 01-21-2016
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Default Re: Paypal Dollar Amounts

Alright thank you!
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Old 01-21-2016
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Default Re: Paypal Dollar Amounts

Doesnt that limit apply only to ebay sales?
Not sure it applies to any type of payment one received into their account.
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Old 01-21-2016
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Default Re: Paypal Dollar Amounts

Quote:
Originally Posted by slokor View Post
Doesnt that limit apply only to ebay sales?
Not sure it applies to any type of payment one received into their account.
The IRS law is for CREDIT CARD PROCESSING. It does not matter if it it ebay, an invoice, website, etc...If you receive funds via a credit card, that is the IRS Law.
$20,000.00 and 200 CREDIT CARD transactions.
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Old 01-21-2016
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Default Re: Paypal Dollar Amounts

Projected sales rate also is looked at by PP....so careful on your rate
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Old 01-27-2016
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Default Re: Paypal Dollar Amounts

My personal account is verified with a tax ID, just didnt know if there was a point where they make you turn it into a business account.
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Old 01-27-2016
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Default Re: Paypal Dollar Amounts

Quote:
Originally Posted by willicks View Post
My personal account is verified with a tax ID, just didnt know if there was a point where they make you turn it into a business account.
You can take in as much money as you want once you've provided a Tax ID on a personal account. Just keep in mind the income will be reported to the IRS..
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Old 01-28-2016
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Default Re: Paypal Dollar Amounts

thanks for the info!
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