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how do stealth accounts get past SSN requirements?
 

I have the ebay stealth guide read it several times but how do paypal stealth accounts get pass having to provide a SSN?

U dont. Just get an ein number or dont sell more then 20 k

There are two reasons PayPal will ask for these numbers.

1. For tax reporting any account with sales over $20k and 200 items. This is an IRS rule and there is no way around it. An EIN is fine for this.

2. Identity verification. For this they will ONLY accept an SSN. PayPal asks for this when they are suspicious that something is not quite right with your account. Maybe it means you are selling high-risk items, or perhaps you gave a street address that does not exist. There are many reasons they may do this. If you start out small and grow slowly while using the stealth techniques, you should be able to avoid this.

so if i get a DBA and EIN will paypal ask for my SSN? I will not by selling anything high risk.

Users make an account that happens to be stealth that paypal accepts.

Usually a EIN is used on the account.

:juggle:

Can you have multiple different EIN's for multiple different stealth account? For every dba can you obtain an ein number for them?

Is it possible to create more than 1 EIN and is this legit?

yes it's legit, as long as you pay your taxes. you are simply creating businesses.

Just to confirm, to use an EIN with paypal the account should be setup as a business or can an EIN also be used and accepted on the premier paypal account...?

Can somebody confirm this.....?

I'm 99% sure its for all paypal accounts; personal, premier, and business.

I start out with premier accounts and when it's time for an EIN you can easily upgrade to a business account.

Btw its ok to go over 20k if you plan pay your taxes... Also they will ask for ein or ss before hitting 20k...

Well you should pay your taxes no matter what the amount... :FF:

@Addicted,


Get help from a TAX PROFESSIONAL to iron out what to do.

Not for this forum to give the advice.

I suggest you google for EINs for your state & see the workings :violin: