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Is it a good idea to give Paypal your SSN if you just want to use it as personal acc?
 

Hello so I currently do not own any businesses and I'm not very sure on the whole process...

But is giving the SSN to Paypal a safe thing to do? I just want to use Paypal as a personal account for now (just to buy things online, that's about it for now) so is it safe in that sense?

I've heard about EIN but to get an EIN don't you have to be a business owner? Please help me out here, so is giving the SSN a wise choice in my scenario?

Advice?

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

While you CAN give them your social security number, why would you?

If you give them your SSN and something goes wrong, that is it for you having a real account. I recommend giving them your SSN ONLY if they ask for it, or if you have a serious need for the PayPal debit card.

And EIN is not just for business owners. It is also for individuals who hire people, such as maids, medical help, etc. If you are paying someone wages, then you have to collect and remit taxes which is the reason for EIN's.

And that is only if YOU hire them directly. If you hire a cleaning service that comes in twice a week to clean and you write a check to the company that provides the service, you do NOT have to worry about the taxes, because the business takes care of the taxes. If you hire a maid yourself and pay their wages directly, THEN you have to have an EIN for reporting purposes. I just wanted to clarify so I don't get 20 PM's from people worried because they have a cleaning service.

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

Never give your SSN with Paypal ever! They will ruin your life!

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

Not needed and non of their business.

They are not a bank and do not have the right to need to have that information.

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

I wouldn't trust paypal or any other internet company.

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

Life Lesson 101. You do not give your SSN to anyone unless it is absolutely necessary.

Re: Is it a good idea to give Paypal your SSN if you just want to use it as personal
 

NO dont do it. I did before I started stealth and I regret it 5000%