golferman | 05-06-2016 02:21 PM | Getting close to 20k limit nd need some good advice regarding EIN and upgrading So Im getting close to the 20k limit and i will have to provide ssn. Now my account is under my real info but like 8 years ago I had another paypal account in my name with a SSN that went bad
Now I need some advice...
Should i provide my real SSN again? Since it have been a long time will paypal still even have that record?
Does paypal match the SSN to the name of the ssn? Do they use a database?
Now from what i hear another option is to upgrade to a business account and provide a EIN before the limit correct? Do paypal match the EIN to the actual name on the EIN?
When I upgrade to a business account I will have to provide a business name, so does that mean I have to make a new bank account so the deposits of paypal match the name on the bank account or just use a EIN with a name the same as the name on bank account?
What sucks is when i try to register a new EIN sole proprietor it says i already have one registered which i did a decade ago which i think i used a business name. Can i change the name on that EIN with IRS to a name that matches the name on my paypal?
If I provide EIN now, why I still get the limit at 20k?
Thanks for the advice, I know its a lot of questions |