Adding ein to Paypal after account created?
I'm aware that eBay Stealth suggests you start an account with a valid ein or ssn. My question is has anyone changed their Paypal account by upgrading to a business account and adding an ein after the account has been created?
How will Paypal see this? Will they still ask for ssn when you reach the limit of 200/$20,000 even though you have given the ein? Or is it best to start off as suggested in eBay Stealth with ein in place when account created?
To give a little more info. The accounts I want to add an ein to are aged and have established sales feedback record. Feedback is low under 20 but growing with daily sales. My thought was to sell until they have established enough of record to have paypal remove its fund holds for new sellers. After it reaches 100-125 sales I would like to add the ein to Paypal and change them to a business account. Hopefully to allow it to sell beyond the 200 limit for the rest of the year.
Personally I don't mind paying taxes as it is a part of life. I realize that this adds additional expenses upfront, but should in the long haul be quite profitable if you have the right product you can sell in mass.
Thank you for your input.
|